With the right strategy and the right amount of effort, anything is possible, including earning 6 figures per year! Six figures mean anything between $100,000 and $999,999.
Earning a 6 figure salary can afford you a more comfortable lifestyle. However, it can be challenging to achieve such a target.
You need to land yourself a high-paying job or start a multimillion-dollar business. Both strategies need time, effort, and sweat.
Some of the highest-paying jobs may necessitate formal university education as well as years of experience to achieve such a high salary. If it’s for business, you will need preparation and deduction too.
It might entail developing new skills, thinking creatively, and seizing opportunities presented by the expansion of specific industries. By doing this, you can discover the $100,000 position that’s ideal for you.
What a 6 figure looks like(monthly, weekly, hourly)
Using the least 6-figure amount ($100,000), here is a breakdown of how much you need to be earning
- Around $48+ Hourly
- $384+ per day
- $1,923+ per week
- $3,846+ bi-weekly and,
- $8,333+ monthly.
That’s how much you need to earn to hit 6 figures a year. The amounts are based on working five days a week for 40 hours.
How to make 6 figures a year
To reach your 6 figures, you need a plan. Here are some things to remember on your way to 6 figures a year.
- Set up a financial foundation toward your 6 figure target.
Do you want to start a business? Learn what niche you’ll need to focus on. Do you want to be employed? Learn some skills and research some marketable professions.
Some professions require obtaining a degree or training for your chosen career path. A bachelor’s degree is a minimum requirement for some high-paying jobs. You, therefore, need to enroll in college, finish a vocational program, or receive specialized training.
- Explore advancement opportunities
When considering your career path, make sure to go for careers that offer the ability to advance. This is also something to consider when selecting your business path.
You should choose a business with advancement opportunities, as these often present more opportunities to earn more money.
- Desire to make 6 figures
A desire is a mental decision to achieve a goal (s). It frequently helps you to continue increasing the likelihood of your future success.
It’s the same when you want to make 6 figures a year. It must be your desire to hit your 6 figures goal!
- Work Extra Hard Than Average
We said before you need to put in some more effort and sweat. The journey to making a 6 figure a year is not for the lazy.
You’ll need to try hard, at least at your starting point. Maybe it will include waking up early, networking with people outside your comfort zone, and washing away lame excuses of why it cannot work.
- Consider a side hustle.
One way to work beyond average is to look for a side hustle. You should think of pursuing additional ways to increase your income.
This way, you can earn more and reach our 6-figure target for the year. You can consider a part-time job to increase your earnings.
You can look for ways to generate passive income for yourself. You can choose investment options such as real estate.
- Desire to get more knowledge by pursuing additional credentials.
It’s said that knowledge is essential in dealing with our day-to-day events. Knowledge increases your reasoning and problem-solving skills.
The same is needed in the pursuit of making 6 figures a year. Consider pursuing extra credentials in your area of expertise to advance your career.
This will increase your chances of earning more money. You can also choose to complete a specialized training or professional development course.
Additionally, there are certification programs you can pursue related to your specific industry.
Some industries with jobs that will help you make 6 figures a year
- Healthcare
Some of the highest paying healthcare jobs are
- Pharmacist
Average salary: From $122,534 for novices to $131,615 for experienced professionals,
Education requirements: Doctor of Pharmacy (Pharm. D.) degree
- Veterinarian
Average salary: $122,045
Education requirements: Doctor of Veterinary Medicine degree
- Optometrist
Average salary: $134,975
Education requirements: an optometry degree. It has to be approved by the General Optical Council (GOC).
- Dentist
Average salary: $172,197
Education requirements: Doctor of Dental Surgery or Doctor of Dental Medicine degree
- Surgeon
Average salary: $155,553
Education requirements: Doctor of Medicine degree (M.D.)
- Psychiatrists
Average salary: $232,887
Education requirements: a medical degree
- Nurse practitioner
Average salary: $123,780
Education requirement: Master of Science in Nursing
- Engineering
- Electrical
Average salary: $100,633
Education requirements: A bachelor’s degree in electrical engineering, electronics engineering, or a field that is related to engineering
- Nuclear
Average salary: $99,677
Education requirements: Engineering, engineering technologies, or a physical science field bachelor’s degree
- Software
Average salary: $118,741
Education requirements: Bachelor’s degree in computer science, computer engineering, or software engineering is required.
- Computer Hardware
Average salary: $135,247
Education requirements: a bachelor’s degree in computer engineering or a related discipline, like computer science or information technology
- Sales
Average salary:$125,321
Education requirements: engineering or a related field, like business bachelor’s degree
- Business
- Financial manager
Average salary: $181,000
Education requirements: A bachelor’s degree at the very least in business, economics, or a related subject
- Actuary
Average salary: $131,015
Education requirements: A bachelor’s degree in statistics, actuarial science, mathematics, or a related discipline
- Chief executive officer
Average salary: $186,247
Education requirements: A bachelor’s degree or higher and vast knowledge of business and industry experience
- Human resources managers
Average salary: $102,189.
Education requirements: A bachelor’s degree and years of experience.
- Chief sales and marketing officer
Average salary: $302,640
Education requirements: Marketing bachelor’s degree
- Chief talent officer
Average salary: $176178
Education requirements: a bachelor’s degree and years of experience.
- Technology/software industry
- Mobile Applications Developer
Average salary: $112,500
Education requirements: Computer science, computer engineering, or electrical engineering bachelor’s degree
- Information Systems Security Manager
Average salary: $126,447
Education requirement: Bachelor’s or a master’s degree in computer science, IT, network security, or a related field
- Cyber Security Engineer
Average salary: $126,750
Education requirement: A bachelor’s degree in cybersecurity or computer science
- Data Scientist
Average salary: $191,024
Education requirement: Bachelor’s degree in IT, computer science, math, or business
- Artificial Intelligence (AI) Engineer
Average salary: $121,039
Education requirement: A bachelor’s degree in a relevant subject, such as information technology, computer engineering, statistics, or data science
Conclusion
How to make 6 figures a year calls for dedication, commitment, and going out of your comfort zone. You need to have a good plan to achieve this.
From setting up a good foundation and working extra hard to pursuing extra credentials. There are many jobs that can earn you 6 figures a year in different fields.
Find one of the best, pursue your career dream, and make 6 figures a year.