From there, you can pick the ones you want to focus on, do your best, and get the best out of them. For example, Under Armour started as a side hustle that turned out to be a thriving, big business a couple of years later.
The Practical Saver Pro Tip. Earning six or seven figures isn't an easy task. That said, when you put your dedication, patience, and discipline into the equation, anything is possible. According to Shari Levitin , some of the top 10 universal truth to help you build this kind of income include the following:. The answer is yes. In some cases, a few people have gone to make billions like Bill Gates and Mark Zuckerberg both college dropouts with a 4-year degree. Sure, you can go to the fashion school and get all the training you need to become a fashion designer.
Or you can use your creativity and experience to make that happen. After 3 years in the real estate industry and apartment experiences, agents can obtain a license to become a real estate broker. With passion, perseverance, dedication, and a lot of patience, one can become a successful owner and earn at least seven figures yearly. The people who earn this income are mostly high-profile, popular, and the cream of the crop type people. Additionally, a lot of high-profile, successful athletes are paid this amount, too.
According to Forbes , Robert Downing Jr. Some YouTube stars have also made this money from YouTube. Some of these CEOs include:. I did my research and found some interesting ideas about people earning this massive amount of money:. The people who earn this money are exceptional and one-of-a-kind. If seven and eight figures salary are the unicorns, then, 9 figures salary is impossible or close to impossible. Here are some of the jobs that pay that money.
A lot of us wish to earn six, seven, eight, or even more figures in our lifetime. Of course, only a few of us will even make that wish into reality. All you need to do is make time to understand what you want to do, take a risk, learn, and repeat. What do you think is the key, or are the keys to making six figures, seven, eight, or something else? Have you achieved any of these accomplishments? Or are you on your way? Now, he enjoys sharing his thoughts and experience on saving money, making money, paying off debt, and budgeting.
Read more. Your email address will not be published. Subscribe to my mailing list to receive updates direct to your inbox! We did that with trick-less, simple, effective money management that most people tend to overlook.
Home Save money. How Much Is A Figure? February 19, It should be noted though that even those with a six-figure income can find themselves living paycheck-to-paycheck without sound financial advice and investment. Despite all the media focus on celebrities and their extravagant lifestyles, this level of income is still very rare anywhere in the world. Many traditional six-figure-income jobs are in senior management or business ownership and require multiple years of college study. These qualifications will earn you excellent money, but will also cause you a significant amount of student debt:.
Remember our earlier question: how much is six figures? Not everybody who earns six figures has spent years and years at college at great cost to their future selves. Some people are born into money. Some people inherit money. Some people win money. Other people work hard. Many higher earners work hard to protect their income by diversifying their income streams, creating passive income, as well as making use of long-term, high-yield investments.
Some of those are listed below. Many require college degrees, but those with an entrepreneurial personality will find they can grow a six-figure business without going to college:. Obviously many are graduates. I am merely stating that, unlike medicine for example, you can make excellent money in these roles without having graduated from college.
As many of these roles are more towards the entrepreneurial end of the spectrum, it is also vital that you look into the risk versus reward of each career. More established, traditional jobs often come with reduced risk as you are becoming an employee or working in an established setting or company. Looking at people in this income bracket, it would be quite easy to find individuals in the corporate world, or education executives, or medical specialists and find those consistently commanding six-figure incomes.
Looking at the entrepreneurial sector, bloggers and YouTubers are in the two obvious spheres within which you can easily find six-figure earners. He then progressed through stages, honing his craft as he began to make small amounts of money from his first blog and products he sold through it. His move into the health and wellness niche saw him take strides into the six-figure income bracket. This is because of the huge overlap at these income levels.
All individuals in this income bracket are considered to be millionaires and many in this bracket are first-generation rich. The nature of their income is that when it is coming from their career, it has time-limited earning potential.
However, many others are entrepreneurs, setting themselves up for life, with both active and passive incomes. People such as:. But an eight-figure income would see someone become a multi-millionaire. This is written in words as one hundred million dollars. For most people, a truly unbelievable amount of money. When you reach this level of income, you are talking about an incredibly select group of individuals across the world.
Often they have inherited wealth, or have built on a family business that has exploded. Usually, they are in the tech sector or industry. However, this level of income 9 and 10 figures becomes more cloudy when it comes to trying to identify the actual take-home pay of an individual. For example, Jeff Bezos, founder, president, and CEO of Amazon a figure earner is often reported as making billions of dollars in a single day. Earn the sign-up bonus by signing to Robinhood now. Your email address will not be published.
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