{"id":31815,"date":"2020-06-06T20:25:42","date_gmt":"2020-06-07T00:25:42","guid":{"rendered":"https:\/\/www.theamateurfinancier.com\/blog\/?p=31815"},"modified":"2021-01-20T09:50:32","modified_gmt":"2021-01-20T14:50:32","slug":"how-much-is-7-figures","status":"publish","type":"post","link":"https:\/\/www.theamateurfinancier.com\/blog\/how-much-is-7-figures\/","title":{"rendered":"How Much is 7 Figures? (And How to Get to 6 Figures+!)"},"content":{"rendered":"<h2><span data-preserver-spaces=\"true\">How Much is 7 Figures? (And How to Get to 6 Figures+!)<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">If you\u2019ve ever heard someone saying they make 5 or 6 figures, you might be wondering what exactly that means. 6 figures sounds like a lot, but is it really?<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In this post, we\u2019ll explain how much money 5, 6, 7, 8, and even 9 figures is and discuss several methods of making more money so that you can make 6 figures or more!<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">How Much is 5 Figures<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">5 figures means that your income is between $10,000 and $99,999 annually. Most Americans will make 5 figures for a significant portion of their careers and lifetime.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">How Much is 6 Figures<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">6 figures means that your income is between $100,000 and $999,999 annually. Making 6 figures will take some time to achieve but is certainly possible. Most of those in director level positions will make 6 figures.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">How Much is 7 Figures<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">7 figures means that your income is between $1,000,000 and $9,999,999 annually. Those making 7 figures are typically a corporate executive at a large company or own their own business.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">How Much is 8 Figures<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">8 figures means that your income is between $10,000,000 and $99,999,999 annually. You\u2019ll find that those making 8 figures are usually CEO\u2019s or own their own business.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">How Can I Make 5 Figures?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Making 5 figures annually is pretty easy. In fact,\u00a0<\/span><a class=\"_e75a791d-denali-editor-page-rtfLink\" href=\"https:\/\/www.statista.com\/statistics\/203183\/percentage-distribution-of-household-income-in-the-us\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-preserver-spaces=\"true\">roughly 64% of American households make 5 figures<\/span><\/a><span data-preserver-spaces=\"true\">. You may want to start by learning <a href=\"https:\/\/www.theamateurfinancier.com\/blog\/easy-ways-to-get-20-instantly\/\">how to get $20 right now<\/a> before moving on to more adventurous strategies.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Because the poverty line in the United States is in 5 figures, you\u2019ll need to make at least 5 figures to have a living wage.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Almost any job will pay you 5 figures annually with a full-time position. If not, they could be in trouble with current labor laws that would be required to pay at least $15,080 a year for minimum wage.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Picking up a minimum wage job is one easy way to make 5 figures working full-time. Otherwise, you might consider odd jobs or side hustles to earn more money.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Best Ways to Make 6 Figures<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Earners in the 6 figure bracket are more difficult to come by in the United States. Less than 30% of American households make 6 figures annually, making you a high-income earner. Keep reading to learn the best ways you can make 6 figures.<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">Work Up the Corporate Ladder<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">The most common way people make 6 figures is by working their way up the corporate ladder drawing a larger and larger salary over the years. There are hundreds (if not thousands) of jobs that will pay more than 6 figures alone.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Some of the most common jobs paying 6 figures are:<\/span><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Software Engineering<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Doctors<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Dentists<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Orthodontist<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Actuary<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Chemical Engineering<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Network Architect<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">And many more<\/span><\/li>\n<\/ul>\n<h3><span data-preserver-spaces=\"true\">Side Hustles<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">There are thousands of side hustles that people use to make 6 figures. The combination of their full-time earnings and side hustle income can easily make you a 6 figure earner.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Below are some great side hustles you can use to make more money and become a 6 figure earner:<\/span><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Blogging<\/span><\/li>\n<li><a href=\"https:\/\/www.dontworkanotherday.com\/guide-to-flipping-furniture\"><span data-preserver-spaces=\"true\">Flipping furniture<\/span><\/a><\/li>\n<li><span data-preserver-spaces=\"true\">Renting our a room in your home<\/span><\/li>\n<\/ul>\n<h3><span data-preserver-spaces=\"true\">Own a Business<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">There are many business owners who make 6 figures annually. There are also many business owners who make well under 6 figures.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">If you are knowledgeable in business and can grow your company while maintaining profit margins, you have a good chance of making 6 figures.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Is 6 Figures a Good Salary?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">For those lucky enough to be earning 6 figures per year, you might be wondering if that is a good salary. To be blunt, YES. Making 6 figures is a dream of many inside corporate America. Once you\u2019ve reached 6 figures, you\u2019ll be in the top 15% of earners.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Making 7 Figures is Possible \u2014 Here\u2019s How<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Making 7 figures puts you in the top 5% of American households. Making over $1,000,000 is quite the accomplishment and there are many different methods of achieving this. Below are a few examples to help you get started.<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">Build Passive Income Streams<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">Passive income (or income that doesn\u2019t require much ongoing work to maintain) is a great way to become a millionaire. This will allow you to work a full-time position while earning additional income on the side.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Examples of passive income streams include dividend investing, starting a blog that receives consistent traffic or purchasing a rental property. These investments will either require time upfront to get started or money.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">For example, a blog will require a significant amount of time to grow up front but it can provide lifelong income once established with minimal work.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On the other hand, dividend investing will require cash upfront, but it will also provide lifelong income for as long as your returns are reinvested.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Here are a few examples of passive income streams you can start today:<\/span><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Build a blog<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Create and sell an eBook<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Sell stock photography<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Invest in dividend stocks<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Invest in rental properties<\/span><\/li>\n<\/ul>\n<h3><span data-preserver-spaces=\"true\">Make Your Way to the Top of Corporate America<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">Executive positions for some companies can easily pay 7 figures, especially for larger companies with large revenues.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Some of the most common 7 figure job titles are:<\/span><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">CEO<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">CFO<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">CMO<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">VP of Software Engineering<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">VP of Marketing<\/span><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">Some of the highest-paid executives are listed below.<\/span><\/p>\n<ul>\n<li><strong><span data-preserver-spaces=\"true\">Sundar Pichai<\/span><\/strong><span data-preserver-spaces=\"true\">, Alphabet Inc., $280.6 Million<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Robert H. Swan<\/span><\/strong><span data-preserver-spaces=\"true\">, Intel Corp, $66.9 Million<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Lisa T. Su<\/span><\/strong><span data-preserver-spaces=\"true\">, Advanced Micro Devices Inc, $58.5 Million<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">John C. Plant<\/span><\/strong><span data-preserver-spaces=\"true\">, Howmet Aerospace Inc, $51.7 Million<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Robert A. Iger<\/span><\/strong><span data-preserver-spaces=\"true\">, Walt Disney Co., $47.5 Million<\/span><\/li>\n<\/ul>\n<h3><span data-preserver-spaces=\"true\">Start a Business<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">Starting a business is the method many 7 figure earners use to get to the top. There are tens of thousands of businesses that profit more than $1,000,000 annually. You can even purchase a business that is already making 7 figures.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">It\u2019ll Take Some Luck to Make 8 Figures<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Most would describe people making 8 figures as \u201cfilthy rich\u201d and with good reason. Making over $10,000,000 annually is quite an accomplishment. You\u2019ll be capable of affording just about anything you\u2019d like but it won\u2019t come easy.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">While there are many different ways to make 8 figures, you\u2019ll also need some luck along the way.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Most 8 figure earners have businesses that have succeeded beyond belief or are executives at large corporations.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">How Much is 9 Figures?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Making 9 figures will put you in the top less than 1% of earners in America. These individuals make over $99,999,999 annually. There are very few of these people worldwide.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">There are a few ways you can make 9 figures. There are a handful of CEOs that make 9 figures, the rest own large businesses, or have invested large sums of cash over a long time.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Conclusion: Making 7 Figures is Tough, But Possible!<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Whether you make 5,6,7 or even 8 figures, you\u2019ll likely always strive for more. Some of the best ways to boost your income are by starting a business, building passive income streams, or investing your money over the years.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">There are many corporate executives who also make 7 figures or more, but this is often much more difficult to achieve and might take some luck along the way.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Those climbing the corporate ladder will likely find making 6 figures easy once they reach the more senior positions, but it will come at the cost of your time.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Do you make over 6 figures? What\u2019re your tips for making more money? Comment below!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How Much is 7 Figures? (And How to Get to 6 Figures+!) If you\u2019ve ever heard someone saying they make 5 or 6 figures, you might be wondering what exactly that means. 6 figures sounds like a lot, but is it really? In this post, we\u2019ll explain how much money 5, 6, 7, 8, and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":31816,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[1495],"tags":[],"class_list":["post-31815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-make-money","wpautop"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How Much is 7 Figures? (Make More Money) | The Amateur Financier<\/title>\n<meta name=\"description\" content=\"Making 7 figures is quite an accomplishment. Learn how much 7 figures is plus how you can make more money to reach your goals!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theamateurfinancier.com\/blog\/how-much-is-7-figures\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Roger\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.theamateurfinancier.com\\\/blog\\\/how-much-is-7-figures\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.theamateurfinancier.com\\\/blog\\\/how-much-is-7-figures\\\/\"},\"author\":{\"name\":\"Roger\",\"@id\":\"https:\\\/\\\/www.theamateurfinancier.com\\\/blog\\\/#\\\/schema\\\/person\\\/08574c7c42732c7cc4346dc3fec0e881\"},\"headline\":\"How Much is 7 Figures? 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