How Much Is 6 Figures, 7-Figures, 8-Figures, & 9-Figures? (2024)

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Have you ever found yourself daydreaming about the lavish lifestyles of those with a six-figure income?

That magical number tends to conjure images of financial prosperity with a high net worth and a life of ease.

These aren’t just numbers; they’re doors to exceptional financial achievements and boundless opportunities.

But what are these money figures exactly, and what careers can help you reach those financial goals?

Let’s talk about how much is 6 figures and more and the jobs you should consider to start growing your wealth.

Key Takeaways

• 6 figures = $100,000 – $999,999 per year
• 7 figures = $1,000,000 – $9,999,999 per year
• 8 figures = $10,000,000 – $99,999,999 per year
• 9 figures = $100,000,000 – $999,999,999 per year
• People earning a 6 figure income have jobs like bloggers, project managers, and pharmacists
• Top earners include CEOs, famous athletes, professional actors, and more
• Many people have added side hustles to supplement their income- including freelancing on Steady, selling on Shopify, and more

How Much Is 6 Figures, 7-Figures, 8-Figures, & 9-Figures?

6 Figures

How much is 6 figures?

A six-figure annual income ranging from $100,000 – $999,999 provides you with financial stability and a comfortable lifestyle.

Let’s break it down even more to how much you need to make hourly and monthly to reach a total median salary of $200,000:

Hourly Breakdown:

Assuming a typical workweek of 40 hours and 50 weeks in a year:

• Hourly = Annual Salary / (Weeks in a Year * Hours in a Week)
• Hourly = $200,000 /(50 * 40)
• Hourly = $100

Monthly Breakdown:

• Monthly = Annual Salary / Months in a Year
• Monthly = $200,000 / 12
• Monthly ≈ $16,667

These calculations provide a general gross income estimate, and the net worth in real life will change with taxes, health expenses, and more.

This will be the case for this six-figure example and my other examples!

7-Figures

A 7-figure salary is an annual income ranging from $1,000,000 – $9,999,999 per year.

That’s an extraordinary achievement that signifies millionaire status and the ability to afford luxury items and more.

Let’s break down seven figures to what you need to make hourly and monthly to reach a total seven-figure income of $5,000,000:

Hourly Breakdown:

Assuming a typical workweek of 40 hours and 50 weeks in a year:

• Hourly = Yearly Income / (Weeks in a Year * Hours in a Week)
• Hourly = $5,000,000 / (50 * 40)
• Hourly = $2,500

Monthly Breakdown:

• Monthly = Yearly Income / Months in a Year
• Monthly = $5,000,000 / 12
• Monthly ≈ $416,667

8-Figures

An eight-figure salary, ranging from $10,000,000 – $99,999,999 per year, indicates extreme wealth.

Eight-figure salaries are often associated with world-renowned celebrities, top-tier athletes, and business moguls.

Let’s break down how much you need to make hourly and monthly to reach an eight-figure salary of $65,000,000:

Hourly Breakdown

Assuming a typical workweek of 40 hours and 50 weeks in a year:

• Hourly = Income Yearly / (Weeks in a Year Hours in a Week)
• Hourly = $65,000,000 / (50 * 40)
• Hourly = $32,500

Monthly Breakdown

• Monthly = Income Yearly / Months in a Year
• Monthly = $65,000,000 / 12
• Monthly = $5,416,667

9-Figures

A 9-figure annual salary, ranging from $100,000,000 – $999,999,999 per year, represents an elite level of wealth and financial freedom that only a select few can attain.

This incredible income level is associated with billionaires, world-famous entertainers, and the most successful entrepreneurs.

Check out this breakdown of how much you would need to make $750,000,000 a year:

Hourly Breakdown

• Assuming a typical workweek of 40 hours and 50 weeks in a year:
• Hourly = Yearly Income / (Weeks in a Year Hours in a Week)
• Hourly = $750,000,000 / (50 * 40)
• Hourly = $375,000

Monthly Breakdown

• Monthly = Yearly Income / Months in a Year
• Monthly = $750,000,000 / 12
• Monthly = $62,500,000

6 Figures Jobs

Let’s explore various jobs with a national average salary of six figures a year and generate multiple income streams to raise your net worth:

Blogger

Blogging has become a lucrative career option for many. It’s my favorite way to earn money each month!

I can personally tell you that it is entirely possible to make a 6 figure salary and beyond with a successful, well-run blog or multiple blogs.

By creating engaging and informative content, bloggers can attract a large audience and generate passive income through various monetization strategies.

Bloggers can earn a 6-figure salary through advertising, sponsored content, and affiliate marketing.

With dedication, creativity, and a passion for sharing knowledge, blogging can be a rewarding career path that leads to six-figure incomes a year for many people.

I’ve got insider info on starting your blog and making sure it makes money. My Start Your Blog Boot Camp can help you get started toward a six-figure salary!

Project Manager

Project managers are crucial in various industries, overseeing projects from inception to completion and ensuring their successful delivery.

They can earn a 6-figure salary by efficiently managing resources, mitigating risks, and meeting project objectives.

With strong leadership, communication, and organization skills, project managers can excel in their roles and achieve a comfortable lifestyle with 6-figures.

Pharmacist

Pharmacists play a vital role in healthcare by dispensing medications and providing expert advice to patients.

They can earn six figures by ensuring the safe and effective use of medications.

With a strong educational background, pharmacists can enjoy a rewarding career that offers financial stability and the opportunity to positively impact people’s lives.

Lawyer

Becoming a lawyer is also an option for a six figure job.

Lawyers provide legal services and represent clients in various legal matters, from criminal defense to corporate law.

They can earn a six-figure income by utilizing their expertise and knowledge to advocate for their clients and secure favorable outcomes.

With exceptional analytical, communication, and problem-solving skills, lawyers can thrive in their profession and enjoy a comfortable lifestyle with a 6-figure salary.

Software Engineer

Software engineers develop and maintain software applications that power our digital world.

They can earn 6 figures and up by creating innovative solutions that improve how we live, work, and communicate.

With strong technical abilities and a passion for problem-solving, software engineers can excel in their field and achieve a rewarding career with a 6-figures income.

College Professors

College professors teach and conduct research in their respective fields, sharing their knowledge and expertise with the next generation of professionals.

They can earn an average of 6 figures by inspiring students, pursuing academic excellence, and contributing to advancements in their field.

With a strong commitment to education and a passion for their subject matter, college professors can enjoy a fulfilling career with a 6 figure salary each year.

Doctors

Doctors diagnose and treat patients in various medical specialties, providing essential healthcare services that improve people’s lives.

They can earn a 6 figure annual salary by utilizing their medical expertise and compassionate care to make a difference in the lives of their patients.

With a strong educational background, a commitment to patient care, and the ability to adapt to the ever-evolving field of medicine, doctors can enjoy a rewarding career with 6-figures.

Financial Planner

Financial planners help clients manage their finances and achieve their financial goals by providing expert advice and tailored solutions.

They have the potential to reach a 6-figure salary by assisting individuals and families in navigating the intricacies of financial planning.

It includes budgeting, saving, creating financial reports, making investment decisions, planning for retirement, and analyzing spending patterns.

7-Figures Jobs

As we continue our exploration of high-income jobs, let’s take a look at the exciting world of 7-figure jobs.

These extraordinary opportunities offer the potential to earn 7 figures and enjoy a luxurious lifestyle and higher net worth.

Social Media Influencer

Social media influencers have revolutionized how we consume content and interact with brands.

They can earn a 7-figure salary by promoting products and services to their followers, leveraging their popularity and credibility to drive sales and brand awareness.

With a strong online presence, engaging content, video content, and the ability to connect with their audience, social media influencers can enjoy a lucrative career with this income.

One valuable resource for aspiring influencers is the Mastering YouTube course, which provides insights and strategies to grow and monetize a successful YouTube channel.

This course equips influencers with the knowledge and skills to create compelling videos, increase their subscriber base, and effectively collaborate with brands to maximize their earnings.

Entrepreneur

Entrepreneurs are the driving force behind innovation and economic growth.

They can earn 7 figures by starting and growing successful businesses, creating jobs, and bringing new products and services to the market.

With a passion for their ideas, a willingness to take risks, and the determination to overcome obstacles, entrepreneurs can achieve incredible financial success.

One way to embark on this journey is by becoming an entrepreneur and setting up a Shopify store.

Shopify, a popular e-commerce platform, provides aspiring business owners with the tools and resources to establish and manage online stores to sell products to millions of people online.

Investment Banker

Investment bankers play a crucial role in the world of finance, providing financial services and advice to corporations and governments.

They can earn this income by helping clients raise capital, navigate mergers and acquisitions, and manage financial risks.

With a strong background in finance, excellent analytical skills, and the ability to build relationships with clients, investment bankers can enjoy a high-powered career with a high salary.

Executive Officers (Board Members)

Executive officers, or board members, are responsible for leading and managing large corporations.

They can earn 7 figures by making major corporate decisions, setting strategies, and ensuring the company’s success.

With exceptional leadership, strategic thinking, and the ability to adapt to changing market conditions, executive officers can enjoy a prestigious career with a very high income.

Business Consultant

Business consultants provide expert advice and solutions to businesses in various industries.

They can earn a high income by helping organizations identify opportunities for improvement, implement effective strategies, and achieve their goals.

With a deep understanding of business operations, a keen eye for detail, and the ability to think critically, business consultants can enjoy a rewarding career with 7-figures.

8-Figures Jobs

Now, let’s explore the realm of 8-figure jobs.

These extraordinary opportunities offer the potential to earn an 8-figures and enjoy a life of extreme wealth and financial security.

Hedge Fund Managers

Hedge fund managers are responsible for managing large investment portfolios and generating high returns for their clients.

They can earn 8 figure income by making smart investment decisions and overseeing the fund’s operations.

With a strong background in finance, a keen eye for market trends, and the ability to take calculated risks, hedge fund managers can enjoy a high-stakes career with a very high income.

Pro Gamers

Gamers like PewDiePie, Markiplier, and more earn 8 figure salaries and make over $50 million, and many people aspire to reach that success.

Professional gamers on YouTube have turned their passions into lucrative careers, earning 8-figures through sponsorships, advertising, and merchandise sales.

With exceptional gaming skills, entertaining content, and a dedicated fan base, pro gamers (YouTubers) can enjoy a life of fame and fortune with this kind of salary.

The success of these gamers and YouTubers is a testament to the power of hard work.

CEOs Of Fortune 500 Companies

CEOs of Fortune 500 companies are responsible for leading and managing some of the world’s largest and most successful corporations.

They can earn an 8-figures by driving growth, making strategic decisions, and ensuring the company’s long-term success.

With exceptional leadership skills, a deep understanding of their industry, and the ability to inspire their employees, CEOs of Fortune 500 companies can enjoy a prestigious career with a very high income.

9-Figures Jobs

Finally, let’s step into the world of 9-figure jobs. These ultra-high-income opportunities represent the epitome of financial success and are reserved for a select few.

Famous Hollywood Actors

Famous Hollywood actors can earn a 9-figure salary through movie contracts, endorsements, and royalties.

With exceptional acting skills, charisma, and the ability to captivate audiences, these actors enjoy a glamorous lifestyle, worldwide fame, and an income that is truly out of this world.

They can command huge salaries for their work, and their fame and success can be seen.

Professional Athletes

Professional athletes can earn 9 figures through lucrative contracts, endorsements, and merchandise sales.

With exceptional talent, dedication, and discipline, these athletes rise to the top of their respective sports and enjoy a life of fame, fortune, and unparalleled success.

They are rewarded for their hard work and dedication to a lifestyle that most people can only dream of.

CEOs Of Fortune 100 Businesses

CEOs of Fortune 100 businesses are responsible for leading and managing some of the world’s most successful corporations.

They can achieve nine-figure earnings by propelling growth, formulating strategic choices, and securing the company’s enduring prosperity.

With exceptional leadership skills, a deep understanding of their industry, and the ability to inspire their employees, CEOs can enjoy a prestigious career with a 9-figure income.

FAQ

Can I really make 6 figures per year?

Absolutely! Achieving a 6-figure salary is a realistic goal for many individuals- it’s a minimum median weekly income of only $2K.

Six figures are totally feasible with the right business ideas and careers.

Careers in fields like medicine, law, technology, finance, and management often offer opportunities to earn in this range.

As a blogger making 6 figures, I can tell you that there are many opportunities out there- including blogging from home!

Do I need a degree to make 6 figures or more?

Going to college and earning a bachelor’s or Master’s degree can give you good options for making six figures or more.

But having a bachelor’s degree isn’t the only way to make a lot of money and land six-figure jobs. Some jobs care about what you can do and what you know, even if you didn’t go to college.

For example, starting your own business, selling things on Shopify, or working in a skilled trade can earn a six-figure income without a degree.

It’s all about your skills, effort, and making connections with people who can help you succeed to help you earn a 6-figure salary.

How can I earn more money without switching careers?

To earn more in the job you already have, you can take on bigger responsibilities like leading important projects or learning new skills that are valuable in your industry.

If you consistently do good work, exceed expectations, and help your company succeed, you may get promotions that offer 6 figures or above as you move up in the company.

By focusing on doing well and contributing to your company’s goals, you can increase your six-figure income without switching to a different job.

What are tips to earn more money?

1. Negotiate your salary: When you start a new job or during performance reviews, don’t hesitate to ask for a higher salary based on your skills and contributions.
2. Learn new skills: Acquiring new skills or certifications can make you more valuable to employers and potentially open up higher-paying roles.
3. Take on more responsibilities: Showing initiative and volunteering for important tasks or projects can demonstrate your commitment and lead to higher pay.
4. Seek promotions: Look for opportunities to advance within your current company by aiming for higher positions with a higher six-figure income.
5. Consider side gigs: Taking on part-time or freelance work outside your main job can provide an extra passive income stream and help you earn six figures and more.

Can I make 6 figures as a freelancer?

Yes, it’s possible to earn six figures as a freelancer.

Many freelancers in high-demand fields like web development, graphic design, writing, and digital marketing can command premium rates for their expertise.

By building a strong portfolio, consistently delivering quality work, and effectively marketing your services, you can attract clients willing to pay top dollar for your skills.

You can even explore platforms like Steady, a freelancing app, to discover various freelancing jobs that align with your expertise and interests.

Keep in mind that achieving six figures as a freelancer often requires dedication, specialization, and a commitment to delivering exceptional value to your clients.

What freelancing jobs pay the most?

Certain freelancing jobs tend to offer higher figure salary due to their specialized nature and high demand.

Here are some freelancing jobs that often pay well and can earn a six-figure income or better:

1. Proofreading: Freelance proofreaders with a keen eye for detail and language skills often find well-paying opportunities in the six figures range.
2. Copywriting and Content Creation: Talented writers can earn 6 figures by creating compelling website content, marketing materials, and engaging articles
3. Software Development: Freelance software developers that work in app development or AI can earn significant income due to the ongoing demand for technical skills.

Can I earn more money passively?

Passive income is like having a money-making machine that keeps running even when you’re not actively working.

It’s a way to create financial stability and achieve your money goals without being tied to a traditional 9-to-5 job.

Here are a few ways you can earn passively:

1. Investments: Your investment portfolio can grow over time and potentially earn long-term capital gains without constantly managing them.
2. Dividend Stocks: Certain stocks pay dividend income, which is a portion of the company’s earnings distributed to shareholders.
3. Rental Income: Real estate investments bring in rental money and passive income every month whether it’s a residential property or commercial space, or vacation rental.
4. Royalties: Authors, musicians, artists, and even app developers can continue to earn money from their work long after it’s been created and released.
5. Online Businesses: Creating digital products like e-books, online courses, or software can lead to ongoing income as long as there’s demand.
6. Affiliate Marketing: If you have a blog, website, or social media following, you can earn money from commissions by promoting products or services through affiliate marketing.
7. Peer-to-Peer Lending: Platforms allow you to lend money to individuals or small businesses, earning interest on the loans you provide.

While it sounds appealing, it’s important to note that it often requires an upfront investment of time, money, or both.

Additionally, not all income streams are completely hands-off; some may require occasional monitoring or management.

It’s crucial to research, plan, and diversify your income sources to ensure long-term financial success.

Final Thoughts

So how much is 6 figures? At the bare bones of it all, it means you make over $100K a year but aren’t quite a millionaire yet.

But six figures isn’t just a big number – it’s like a door to many money possibilities.

People aim to earn 6 figures or more to reach financial security, buy luxury goods, and grow generational wealth for their families.

And I’ve shown you that many jobs can make that dream a reality! You can start making extra money and gradually bulking up your income.

Whether you’re freelancing, starting a biz, or making waves on social media, making a 6 figure income takes work and smarts.

Remember, there’s no one road to six-figure jobs. It’s about finding what suits you – whether using Steady or Shopify to make money online or getting internet famous.

So, dream big, work hard, and get ready to grab those 6 figures and save money!