You may have heard of people earning 6 figures, 7 figures, 8 figures and even 9 figures of income per year. And, perhaps you would be curious to know “how much is 6 figures in money?“.
If so, you have come to the right place.
Here, I will clear all your doubts related to 6 figures. Such as “How much is 6 figures?”, “What does 6 figures salary mean?”, ” Is 6 figures income enough for good living?”, “Why do people brag about making 6 figures?” and much more.
Additionally, I will also share some of the best ways to generate 6 figures income with or without a college degree so that you can also earn six-figure income in the near future.
How Much Is 6 figures
Any amount totaling 100,000 or more but less than one million is called 6 figures. Meaning, $100,000 is 6 figures in money, as the number of digits present in $100,000 is 6.
But this does not mean that $9,999.99 is a 6-figure income because no numbers after the decimal place are counted in the figures.
Only the numbers ranging from 100,000 to 999,999 is considered a 6 figures.
Six-Figures Range Low 6 Figures 100,000 – 199,999 Mod 6 Figures 200,000 – 399,999 Med 6 Figures 400,000 – 699,999 High 6 Figures 700,000 – 999,999
Numbers below or above this range are not considered as a 6 figures.
What is The Meaning Of 6 Figure Salary?
If someone earns more than $100,000 per year from his job, we consider him/her as a 6 figure salary earner. But, most people are wrong about the six-figure salary. They think earning six figures means making $100,000+ in a single month which is not true by the way.
If a person talks about six figure salary, then he/she is talking about their annual salary, not a monthly salary. This is something you had to keep in mind.
A study conducted in USA shown that as households make more money, their happiness will increase. However, there is a point that your overall happiness stops increasing. Basically, you hit a wall.
And, that wall is $75,000. This does not mean that lifestyle does not become easier or better after this number. What it basically mean is that every dollar before that made you much happier than every dollar after.
How to make 6 figure Income?
You can make 6 figure income from:
Not only this, there are hundreds of other ways to generate 6 figure income. But, the problem with them is that they require a lot of investment upfront and are difficult for ordinary people like us to start.
Here are some articles that can help you make six-figure income from your home:
Is 6 figure Income enough for good living?
Well! it depends.
If you are living in an expensive city and your expanses are too high, then 6 figure income may not be sufficient for you.
But, if you live in a rural part then earning 6 figures may be more than enough for your living.
So in short, it all depends upon how you use your money and how frugal you are.
How Much Is 7 Figures
Any amount that has seven digits or figures in it is called 7 figure income. 7 figure income ranges from $1,000,000 to $9,999,999. Meaning, the same rule applies here too. You had to count single digits as figures.
How Much Is 8 Figures
Any amount that has eight digits or figures in it is known as 8 figure income. 8 figure income ranges from $10,000,000 to $99,999,999. Mostly, businessmen are found to be touching 8 figure milestone.
How Much Is 9 Figures
Any amount that comes in between $100,000,000 to $999,999,999 is called 9 figure income. And, it is almost impossible to earn this much money.
For your kind information, only 9% of the American population earns 6 figure income per year. But, that doesn’t mean you can’t be among them.
These figures are just a numbers, and everyone can get to these numbers. But, to reach 6 figures milestone, you need hard work, dedication, patience and proper knowledge.
So, are you ready to be among those 9% population?