So you’re wondering how much is 6 figures in money? What about 4 and 5 figures salary, or 7, 8, 9, and even 10 figures income? Find out everything you need to know in this ultimate guide.
The mathematics of money does not need huge formulas and equations. All that is required is a simple familiarity with figures which ranges from 0-9.
Figures tell the worth of money, and numbers don’t lie. The value of money is not limited to figures but how heavy these figures are.
You can ascertain the worth of a dollar note from the figures it carries, and its purchasing power measures the value of such a dollar at any given period.
What do Figures Mean in Money?
A figure is one digit, irrespective of the number it carries, between 0–9. Figures in money are the digits or numbers that make up an amount.
Telling someone you earn a six-figure salary does not disclose how much you are making, but it does create a picture with a loophole in your listener’s mind.
They mostly fill these holes with figures they feel are worth your status because you left them to wonder about it.
Now, telling the same person you earn $500,000 per year becomes more specific.
In this context, we will be using the word figure as a range and the same time as a precise amount.
Take for instance we have; $789,456 and $200,568. Both are six figures, but they are different amounts.
The former has a higher value than the latter but still falls under the same bracket of 6 figures because if counted, both are made up of 6 digits.
Baring this simple analysis in mind will help you comb through this article without difficulty.
How Much is 6 Figures in Money
Six figures in money are between the range of $100,000 to $999,999. So, any amount that falls within this bracket is regarded as a 6-figure.
This is so because if you count the digits available from the lowest range to the highest range, it equals six numbers.
Any amount outside this range is either lower than six figures or more.
Further from that, there has always been an argument about the categorization of 6 figures.
Below is an accurate mathematical division that best soothes this narration.
- Low Six Figures: $100,000–$400,000
- Mid Six Figures: $400,000–$700,000
- High Six Figures: $700,000–$999,999
So, if your income or that someone you know falls into these categories, you know how to classify it better.
Nevertheless, falling into any of these categories indicates that you earn well.
What is the Trend with Six Figures?
Over the years, “six figures” has become a catchphrase often used to describe big earners especially, when their earning is undisclosed.
Others also use it to back their narration whenever they found it pleasing.
Lately, the phrase made it into the Investopedia on a controversial topic that says, “High Earners, Not Rich Yet (HENRYs).”
This article was written with surrounding facts around an acronym called “HENRY,” which means Higher Earners, Not Rich Yet.
It further justifies this fact that a typical HENRY earns a high income ($250,000 and $500,000), but their lavish lifestyle will continuously make them feel broke.
They never hesitate to live above their means thereby, making their massive earning feel less.
How Much is 6-figures Salary Per Year?
A 6 figures salary would range between $100,000 and $999,999.
So, if you earn $325,213.89 per annum, it is important to note that the extra cents attached are not included when counting six-figure earnings because they are insignificant.
What Does a Six Figures Income Get You?
I will say a lot. And I mean a lot of everything ranging from the good to the not so fair.
Many people have lived and survive with a lesser salary range, and they are happy and contented with it.
Nevertheless, other individuals earn more and feel indifferent while few even get troubled after reaching the milestone—just like the famous saying, “more money breeds more problems.”
However, below are just but a few of what a six-figure salary can get you.
A six-figure income gives the earner comfort from all angles. Most basic amenities, gadgets, automobiles, and other items that provide comfort become sorted out.
The acquisition of these basic needs is what brings comfort.
A six-figure income gives earners the purchasing power to get what they need when they need it without much stress or long-term saving.
Such an earning helps in eliminating window shopping in the aspect of comfort eliciting products.
2. Status Upgrade and Respect
With a six-figure earning comes an automatic status booster. This earning range is like a fog that announces its presence in the life of its earner.
Naturally, people need a reason to respect you. This level of earning is enough reason to command respect in the circles of average earners.
When people see the change, they start to give reverence to such a person. It is like a bonus that comes with it.
3. Financial Liberty
When people start earning in six figures, for most, their first line of action is to clear out all outstanding debt.
This gives them the financial freedom to want more from life as they are no longer constrained in debt and its repayment shackles.
Financial liberty also extends to making impulsive buying. One doesn’t have to save for months to buy some averages cost items.
4. Higher Taxes
Theoretically, the more income you make, the more percentage you are being taxed.
This becomes worse if you start acquiring automobiles and houses for self-use.
Your tax rate will automatically skyrocket, and you pay the government more on items you barely use.
The Best Six-figures Salary Jobs with a Degree
Oftentimes, a college or bachelor’s degree job is required to attract a six-figure income.
Below are the best six jobs you can do to make the list of a six-figure earner.
1. Chief Technology Officers (CTO) – Average Salary: $152,132 per annum
The core responsibility of a CTO is to identify the most efficient and strategic way to make use of technology in favor of a company’s needs.
This job role requires a bachelor’s degree in technology and any other related field.
2. Senior Business Consultant – Average Salary: $125,403 per annum
This job needs a lot of business-related experience and connections to make it to the top.
For someone who is trying to break into this career path, it is vital to have a bachelor’s degree in commerce, business administration, or economics.
Adding an MBA will give you more edge on this lucrative career path.
3. Research Scientist – Average Salary: $113,286 per annum
A research scientist is a person who helps to broaden scientific knowledge by carrying out in-depth research and lab experiments to analyze scientific manifestations.
They document their finding through report writing and research papers.
A bachelor’s degree is never enough to excel in this career path, as you would need to complete a master’s degree and consider a doctorate.
4. Chief Executive Officer (CEO) – Average Salary: $117,018 per annum
A chief executive officer is responsible for making corporate decisions for a company.
This job comes with a lot of responsibility; therefore its salary makes it into the six-figure benchmark.
A typical CEO is expected to have an attractive bachelor’s or master’s degree in business administration or any related field.
5. Network Architect – $120,842 per year
Network architects are responsible for identifying a company’s network needs thereby, finding a cost-efficient method of creating a data network system for such a company.
It is their responsibility to install, repair, and resolve all network issues an organization might be facing.
Below are other six-figure jobs that require a bachelor’s degree:
- Directory Strategy ($154,909 per year)
- Advertising Director ($154,137 per year)
- Regional Sales Director ($146,308 per year)
- Vice President of Communication ($143,835 per year)
- Director of Manufacturing ($138,068 per year)
- Software Architect ($136,865 per year)
- Product Designer ($121,124 per year)
- Sales Director ($120,093 per year)
- Senior Mechanical Engineer ($119,884 per year)
- Actuary ($115,082 per year)
The Best Six-figure Income Jobs Without a Degree
Oh yes! The world is not over without a college degree.
Many people still make a six-figure earning without a college degree.
Below are lucrative jobs that can still earn you a 6 figure income without attending any college.
1. Freelance Writers and Bloggers – $100,000 per year
A freelance writer or blogger does not need a college degree to practice.
All that is required is a good command of the English Language and a willingness for self-improvement.
There have been cases where writers own a reputable blog and make quite a fortune out of it.
2. Head Chef – $150,000 per year
Don’t be surprised that being a Sous chef or head chef can land you that comfortable lifestyle you’ve always dreamt of.
What is mainly required to excel in this line of duty is passion and the guts to try new recipes that savor customers’ palate.
3. Radiologist – $116,000 per year
Surprisingly, a Radiotherapist does not need a degree, nor does it require an associate’s degree to practice.
They are usually paid by the experience and contributions they make.
A senior radiotherapist makes up to $116,000. Some even make more depending on the organization they find themselves in.
4. Professional Athletes
Talent and opportunity are all that are sometimes needed to make those six-figure earnings.
Some professional athletes do not have any educational background, yet, they make it big in their chosen sport.
The earnings of an athlete range in different figures depending on the kind of sport they engage in.
5. Air Traffic Controller – $120,000 per year
While an air traffic controller can work without a degree, they are thoroughly screened on a psychological test just for the safety of boarding passengers.
The job of an air traffic controller is to coordinate airplanes. It might come with a bit of mental stress, but a six-figure income is enough to cure such pressure.
Below are other six-figure jobs that do not require a degree, with their average income.
- Sales Director – $101,132 per year
- Director of Operations – $102,753 per year
- Product Manager – $104,001 per year
- Computer Network Architect – $119,774 per year
- Pilot – $114,184 per year
- Senior Sales Executive – $114,518 per year
- Senior IT Manager – $117,573 per year
People Making 6-Figure Income
Below are a few of the people making six figures to keep you inspired in chasing your dream.
1. Charmaine Pocek ($38,000–$48,000 monthly)
Pocek is a career consultant, recruiter, and resume writer who earns around $456,000 per annum. She started with $5 with no referral after her name, and today, she is earning big.
2. Levi Newman ($10,000–$15,000 monthly)
Newman is a Colombian copywriter. He is a former military turned real estate content writer.
Imagine getting to that peak where one can charge $60 for a hundred words of mail. That is the level Levi is currently operating on.
His Fiverr customer base grew, and what he thought would generate little bucks for videos games and upkeeps became a full-time job with a 6 figure income.
3. Redd Horrocks ($15,000 monthly)
Horrocks is a Las Vegas voice-over artist who has made a name for herself on Fiverr.
He began this amazing journey in an attempt to clear off her $23,000 credit card debt and her paycheck-to-pay-check style of living.
Right now, he is financially independent and well-to-do. Eventually, Redd quit her full-time job and ventured fully into what now earns her a six-figure income.
What Does 7 Figure Income Mean?
A 7-figure income simply implies earnings that sum up to a million dollars at the end of the year.
This level of income is a whole vibe of its own as earners of such are top-rated employees or employers in an organization.
Other times, seven figures, on their own, are used to depicts the total net worth of a person. It goes beyond an annual earning as it covers their pool of wealth.
How Much is 7 Figures?
In short, seven-figure is a million. 7-figures ranges from $1,000,000 to $9,999,999. Any amount that falls between this bracket is regarded as seven-figure.
The moment a collection of figures hits seven, it has crossed the boundaries of thousands and becomes a million.
The Best 7 Figures Jobs
Earning a very high range of thousands can give you a comfortable life, but making some millions puts you in a different league entirely.
Below are some of the millionaire jobs you can start considering to join the millionaires league.
Being an actor is different from being an A-List-actor. The latter are the millionaires that make blockbuster movies people queue up to see in anticipation.
Hollywood is now a pool of money for those who know how to swim it deep. People now earn fat paychecks that either make them millionaires or multimillionaires.
2. NBA Player
The NBA is another soft spot to make millions as a basketball player.
Professional NBA players are big earners, and it becomes one of these jobs that can earn you a seven-figure income really quickly.
According to ESPN, NBA players’ salaries for the 2021-2022 season averages over $8 million, with the highest-paid NBA player earning $45 million and the lowest-paid NBA player making $1.5 million per anum.
Basketball players are also among the best-paid athletes on US soil.
Screenwriters are millionaires who do not often make it to the screen. Your attention is shifted away from them while they rake out millions.
I must tell you; this is a million-dollar paying job.
A Hollywood report shows that some screenwriters make $1 million just from a script and some thousand dollars for a retouch.
If you’ve got what it takes, this job is a goldmine that can be explored.
4. Law Firm Partners
Only a lawyer will understand what it is to make it into partners. This is where the money lies for lawyers.
Therefore, being a partner to a law firm is a ticket to being a millionaire. They make an average of $1.1 million in a year.
People Making 7 Figures Salary
The world is made of peasants, average, and billionaires. Below are a few people who earn in 7-figures.
- Stephen Curry ($45,780,966) – Highest-paid NBA player for 2021-2022 season
- Jordan Nwora ($1,517,981) – Lowest-paid NBA player for 2021-2022 season
What Do 8 Figures Income Mean
Eight-figure income is an income carrying eight figures when counted. The minimum earning here is ten million dollars!
This income level is a big one, and people on this annual earning are usually reputable citizens.
How Much is 8 Figures?
Eight figures salary ranges from $10,000,000 to $99,999,999.
Hence, the minimum amount here is ten million dollars, and that is gross for an annual income.
The Best 8 Figure Jobs
We live in an age where the internet is the order of the day. Information, solutions, entertainment, and many others are sourced online.
A YouTuber providing these contents on their channels now earns from it.
Many enjoy millions of subscribers, making them money through advertising revenue and influencer marketing.
YouTubers earn well, and the highest-paid YouTubers are cashing out in 8 figures.
2. Corporate CEO
Some corporate CEOs manage big companies, earning enormous amounts of income that can leave you speechless.
3. Business Executives
Top business executives in huge firms make eight figures as an annual income.
These executives can be on the board of directors or other positions depending on the organization’s structure.
People Earning 8 Figures
1. Dwayne Johnson (Actor)
Dwayne Johnson has made the eight figures repeatedly in different movie appearances.
According to Forbes, Johnson made $87.5 million in 2020, becoming the highest-paid actor for the year.
He can earn up to $20 million in a movie, thanks to his box office hits.
2. Ryan Kaji (YouTuber)
Kaji is a nine-year-old YouTube star with over 41 million subscribers. According to Forbes, he earned $29.5 million via his channels that enjoyed 12.2 billion views.
Kaji reviews new toys, streams video games, does DIY science experiments and family storytime.
What is 9 Figures Like?
A nine-figure income is an amount of income that comprises nine numbers.
It is a massive income level. Nine figure income earners are big earners; therefore, this space is for the rich and super-rich individuals.
How Much is 9 Figures?
A 9 figure salary is an amount that starts from $100,000,000 – $999,999,999.
Interpreting in words, the minimal amount in the range of 9 figures is a hundred million dollars, with the highest range falling very close to a billion dollars.
This amount of money as an annual income is much but, no amount of money can be too much for whosoever is earning it; hence, they strive for more.
The Best 9 Figure Jobs
1. Corporate CEO
Some corporate CEOs are quietly making millions while and the Bureau of Labor Statistics does not see it.
For instance, the co-founder and CEO of Palantir Technologies became the highest-paid CEO in 2021 with an income of $1 billion.
The entertainment industry is filled with many high-paying jobs. The TV show business is making waves, and their anchors are making up to 9 figures.
The likes of Oprah Winfrey and the others are making nine figures annually.
3. IT and Tech
The tech world is currently making a huge blast, and their income is reading in 9 figures. Tech gurus are presently making huge paychecks.
With the latest demand for women in the tech industry, it is an excellent job to make quite a fortune.
People Making 9 Figures
Don’t be surprised that people are making 9 figure salaries annually. Below are a few names of people earning nine figures.
1. Alexander Karp (Corporate CEO)
According to the New York Times, David made the top 200 list of highest-paid CEOs in 2021 with an income a little above 1 billion dollars.
If you still think CEOs don’t make enough money, it is high time you remove the veil from your face.
2. Lionel Messi (Soccer Player)
Messi is a famous soccer player who has made a name for himself in the sport.
The Argentine has constantly earned a 9-figure income per annum over the years.
According to Forbes, Messi made $130 million, making him the highest-paid soccer player in 2021.
10 Figures Income is Massive
A ten-figure income is that income that makes Forbes billionaires list ranking of world richest.
Sadly, this is an income level that many will never attain in their lifetime. This income is so massive that only a few extremely wealthy individuals earn something this big.
How Much is 10 Figures?
A ten-figures salary would range from $1,000,000,000 to $9,999,999,999. People who earn at this level are well renowned and people of influence.
Ten figures is a vast amount, and people who earn this level of income are considered billionaires.
The Best 10 Figures Job
Earning 10-figures annually from a paid job is nearly impossible. This amount is just too huge to be split into a salary for someone to make.
Most times, the ten figures are used to tell the net worth of wealthy people. This worth is an accumulation of wealth over a very long period.
Considering the world population, only a few people are worth ten figures, and they are on the Forbes list of world richest.
Such a net worth can’t be left unrecognized.
People Making 10 Figures
Elon Musk ($11 billion in 2020)
Elon Musk is an entrepreneur and business magnate who is the co-founder and CEO of electric car company Tesla and rocket manufacturer SpaceX.
While you are not likely to find him among various lists of highest-paid CEOs, Forbes calculated that Musk was paid $11 billion in 2020, making him the highest-compensated CEO ever.
What is a 4-figure Salary?
A Four figure salary is an income that is made up of four numbers. This income ranges from $1,000 to $9,999.
So, someone who earns $5,325 would be considered an example of a four-figure salary.
Most times, people would talk about earning a four-figure salary or a four-figure sale or commission.
Making four figures a year would mean earning between $1,000 to $9,999. This level of annual income could be from a part-time job.
What is a 5-Figure Salary?
A five-figure earning is an income that consists of five figures when counted. It ranges from $10,000 to $99,999.
For example, someone who earns $45,500 would be considered a five-figure salary.
This is an annual income earned by the average American.
Figures in money are in constant play in almost every sphere of our life. Your product is your job which generates earning.
Having been educated about the various figures in money, paying jobs, and people already earning big, it should gas you up as you embark on your journey to earn more.
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