FutureStarr

How Much is 6 Figures in Money? (And 7,8, and 9 Figures Explained)

How Much is 6 Figures in Money? (And 7,8, and 9 Figures Explained)

How much is 6 figures in money?

We all have dreams and aspirations about earning ‘good money’. And there's a particular kudos around someone declaring an income of six figures.

Person Holding 100 Us Dollar Banknotes

But what do these figures mean in real terms? And what quiet lifestyle does that size of income afford?

Today we’re visiting look at:

  • exactly what those statements mean
  • the those who are making that level of income
  • what quite jobs they hold, and
  • what their lifestyles may seem like

We will take a look at what's meant by 4-, 5-, 6-, 7-, 8-, and 9-figure incomes during this article.

Table of Contents

  1. What do we mean by a figure?
  2. How much are 6 figures in money?
  3. What is a 7-figure income?
  4. What does an 8-figure income look like?
  5. What do 9 figures mean?
  6. Let’s talk about 10 figures!
  7. What about a 4-figure income?
  8. How much is a 5-figure income?

What Do We Mean By A Figure? 

Let’s start by going back to high school and quickly review the fundamentals before we start. A figure is just one number. as an example 0, 2, 8, 5, 9.

One single number may be a figure.

The number 7931 is created from four figures: 7, 9, 3, and 1.

The number 10 is formed from two figures: 1 and 0.

When somebody says they need a six-figure income, they mean that they earn between $100,000 and $999,999 p.a..

The per-year part is vital. that's the quantity (before tax and other deductibles) that a private earns in a very single year.

Top view of different types and colors American dollars placed together on each other

As a side note, we don’t include the quantity of cents within the figures.

So if someone’s income was $1,500.52, that may count as a four-figure income, because the figures after the amount don’t count.

Let’s dive right in to seek out out what quantity is 6 figures in money.

How Much are 6 Figures in Money?

So what proportion is 6 figures in money? over $100,000 but $1,000,000 (one million dollars).

And yes, it’s lots of money!

Some people divide it even further, as six figures remains a large range of income. While there’s no real consensus on what constitutes low, mid, or high six-figure incomes, common mathematical sense would suggest:

  • Low six-figures = $100,000 – $399,999
  • Mid six-figures = $400,000 – $699,999
  • High six-figures = $700,000 – $999,999

However, when I become a six-figure earner, I won’t be arguing with anyone about how much money is 6 figures!

Why Do Six Figures Matter? 

For most people, crossing the brink to a six-figure income could be a milestone, a life goal, a dream. However, this doesn’t always mean someone is bringing home almost 1,000,000 dollars.

How Much is 6 Figures a Year? 

A six-figure income may be anything from $100,000 to $999,999. this is often an incredibly wide selection of income, which only gets wider the more wealthy you become.

Round Silver and Gold Coins

Most people can live comfortably on a way lower income, so this is often more of a ‘bragging rights’ income level that several people will never achieve.

Six figures broken into a monthly income would determine from the whole income divided by 12 (the number of months per year).

So, if you brought home an annual income of $200,000, your monthly salary would be $16,667.

If you earned $900,000 each year, your monthly remuneration would be a whopping $75,000 a month!

So even within the six-figure bracket, two individuals can have wildly differing earnings.

What Does a 6-Figure Lifestyle Look Like?

A six-figure annual salary is obviously a significant income. How far it stretches and the lifestyle it can afford you will depend on several things, including:

  • where you live
  • the size of your family
  • the way you choose to live
  • which end of the six-figure scale you are at. 

Living in London or the big apple would force significantly more income than somewhere less iconic.

what quantity is 6 figures in money will be relative to how costly your lifestyle is on daily to day basis.

For example, a salary of $100,000 would be considered an occasional income in geographical region, California!

Many people expect a six-figure income to form for us the life-style of our dreams – the flamboyant car, luxury holidays, expansive and palatial homes.

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.

However, taking a world view, having $100,000 in cash or investments would put you into the highest 10% of made individuals within the world.

6-Figure Salary Jobs

Only around 9% of usa citizens make six figures or more. Despite all the media target celebrities and their extravagant lifestyles, this level of income continues to be very rare anywhere within the world.

Many traditional six-figure-income jobs are in senior management or business ownership and need multiple years of faculty study.

Black Payment Terminal

These qualifications will earn you excellent money, but will cause you a big amount of student debt:

  • Actuary ($103k+) – Someone who deals with assessing and managing risk and uncertainty
  • Surgeons ($250k+) – The specifics of how much any doctor is paid will depend on their speciality and seniority
  • Psychiatrists (216k+)
  • Dentists ($156k+)
  • Computer scientist ($118+)
  • Anaesthesiologists ($292k+)
  • Financial Managers ($128k+)

Six-Figure Salary Jobs that Don’t Require a Degree

Remember our earlier question: what proportion is six figures? not a soul who earns six figures has spent years and years at school at great cost to their future selves.

Some people are born into money. Some people inherit money. Some people win money. others work effortlessly.

Bringing $900,000 in from your work isn't the identical as inheriting $100,000.

Many higher earners exerting to safeguard their income by diversifying their income streams, creating passive income, yet as making use of long-term, high-yield investments.

According to USA Today in 2018, there have been 77 occupations within the US that commanded salaries averaging six figures.

Some of those are listed below. Many require college degrees, but those with an entrepreneurial personality will find they'll grow a six-figure business without visiting college:

  • Bloggers -here’s my guide on how to get started in blogging
  • YouTubers
  • Online Entrepreneurs -here are my articles on how to get started on your entrepreneurial journey)
  • Air Traffic Controllers ($124k+)
  • Commercial Pilots ($161k+)
  • Web Developers ($110k+)
  • Business Owners

By including these roles in my list, i'm not saying that you just can’t do these roles with a degree, or that nobody making money on YouTube encompasses a degree!

Obviously many are graduates. i'm merely stating that, unlike medicine as an example, you'll make excellent money in these roles without having graduated from college.

As many of those roles are more towards the entrepreneurial end of the spectrum, it's also vital that you simply explore the danger versus reward of every career.

More established, traditional jobs often include reduced risk as you're becoming an employee or working in a longtime setting or company.

People Who Earn 6 Figures

Looking at people during this bracket, it might be quite easy to search out individuals within 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 within the two obvious spheres within which you'll be able to easily find six-figure earners.

People like blogger Edwin Contreras and YouTubers like Rich Ferguson:

Edwin Contreras started off with a network of small websites within the late 1990s and learned a way to work the software systems of Google.

He then progressed through stages, honing his craft as he began to form small amounts of cash from his first blog and products he sold through it.

  • His enter the health and wellness niche saw him take strides into the six-figure bracket.
  •  
  • Rich Ferguson could be a highly successful YouTuber, with a channel showing videos of him doing pranks, carrying our social experiments, sharing how-tos and sharing magic tricks.

 

What Is a 7-Figure Income?

How Much is 7 Figures?

Seven-figure incomes are anything over $1,000,000. 

Again, there is clearly a huge disparity between someone earning $1million and another at the top end of the income bracket earning $9million! 

7-Figure Jobs

You’ll notice that several of the 6-figure jobs are repeated during this section. this can be due to the massive overlap at these income levels.

The jobs that may see you bringing in an exceedingly 7-figure salary include:

  • CEOs
  • Business Owners
  • YouTubers
  • Social Media Influencers
  • Investment Bankers
  • Movie Stars
  • Athletes
  • Fashion Designers
  • Bloggers

People Who Earn 7 Figures

All individuals during this bracket are considered to be millionaires and plenty of during this bracket are first-generation rich.

The reality is that those during this bracket with traditional careers won’t always be there. the character of their income is that when it's coming from their career, it's time-limited earning potential.

Silver and Bronze Coins

However, many others are entrepreneurs, setting themselves up for keeps, with both active and passive incomes. People such as:

  • Rosemarie Groner, or The Busy Budgeter, as she is known online at the personal finance blog she started from scratch in 2015
  • Sabrina Philipp, an online business coach, and strategist, now making seven figures from her business
  • Tanner Chidester, self-made millionaire, and owner of Fit Warrior and Elite CEOs.

What Does An 8-figure Income Look Like? 

How Much is 8 Figures?

The figures are becoming beyond most people’s imaginations now!

But an eight-figure income would see someone become a multi-millionaire. These are people with an annual income of between $10,000,000 (ten million dollars) to $99,999,999.

8-Figure Jobs

  • YouTubers
  • Athletes
  • Movie Stars
  • CEOs
  • Hedge Fund Managers
  • Website Owners

People Who Earn 8 Figures

  • YouTuber Ryan Kaji of Ryan’s World channel made $26 million in 2019, making videos of his toy reviews and unboxings. He usually releases a brand new video a day and these often include his parents and twin sisters. he's currently the highest-earning YouTuber within the world
  • Actor Dwayne Johnson made $87.5million in 2019 consistent with Forbes. he's famous for his action movies like Fast and Furious and Rampage, plus latterly entering the family movie market with Moana and Jumanji
  • Ariane Grande made $72million from her music, merchandise, sponsorships, and other endorsements and add 2019, with a world tour grossing $146million. She is that the highest-paid female celebrity on Forbes 2019 list
  • Moz, the SEO community and repair provider, founded by Rand Fishkin and now edited by Morgan McMurray brought in $44.9m in 2019
  • Tim Sykes, penny trader turned blogger and Instagram star was estimated to be worth $20million in 2019
  • Mohammed Salah, Liverpool and Egypt footballer made $95million in 2019.

What Does 9 Figures Mean?

How Much is 9 Figures?

Nine figures is any income number with nine digits in it: $100,000,000 and up.

This is written in words jointly hundred million dollars. for many people, a very unbelievable amount of cash.

When you reach this level of income, you're talking about an incredibly select group of people across the globe. Often they need wealthiness, or have built on a closed corporation that has exploded. Usually, they're within the tech sector or industry.

However, this level of income (9 and 10 figures) becomes more cloudy when it involves trying to spot the particular remuneration of a personal.

For example, Jeff Bezos, founder, president, and CEO of Amazon ( a 10-figure earner) is usually reported as making billions of dollars in an exceedingly single day. That income is sometimes tied into the company’s stocks and not his actual salary.

9 Figure Jobs

  • Tech Company Bosses
  • Hedge Fund Managers
  • Media Stars
  • Pop Superstars
  • Elite Athletes

Let’s Talk About 10 Figures!

How Much is 10 Figures?

Now we have moved into the realm of the few! Ten figures is $1,000,000,000 which is more commonly known as one billion dollars (but occasionally still referred to as one thousand million dollars). 

Crop payroll clerk counting money while sitting at table

Most of the individuals residing in this section will be worth ten figures and up as ten figures would see them remaining at an income level of one to nine billion.

 Many in the list below are worth far in excess of that.

10-Figure Jobs

It isn’t really possible to list the jobs that would bring you a ten figure income, beyond describing the jobs and roles that the people below are doing right now: tech giants, philanthropists, heirs and heiresses, and media magnates.

As with a 9-figure income, looking at the annual income of an individual would not give you clear insight into their actual take-home pay. 

For example, Mark Zuckerberg of Facebook pays himself just $1 a year, a legal requirement to ensure he remains registered as a legal employee, but he draws no other salary.

This would see him tumble into the category of poverty, with a single digit income! 

However, at this level of earnings, that is obviously not the case. Check out this list of other top CEOs who do the same.

 

Related Articles