Whether you’re living in a coastal city or in a heartland town, your salary can have a big impact on how rich you feel.
A recent CNBC Make It: Your Money survey found that most Americans say they need to earn at least $200,000 to feel rich. But how much you need to bring in may depend on a number of factors, such as your experience and what you want out of life.
What is a six-figure salary?
A six-figure salary is a high-income level that many professionals strive to achieve in their careers. While the number of people making six figures has decreased over the years, it is still an attainable goal for a small percentage of Americans.
If you want to earn a six-figure income, you’ll need to be dedicated to your career and take action to boost your earnings. You’ll also need to focus on building healthy money habits and saving up for retirement.
There are a few ways to earn six figures without a college degree. For example, you can become a real estate broker or a lawyer. However, these careers require extensive training and can be time-consuming.
What is a seven-figure salary?
A seven-figure salary is a pay package between $1 million and $9,999,999 per year. This amount is considered a very high income and many people are lucky enough to earn it in their careers.
Individuals earning this kind of money usually have a very high-paying job or have built an extremely successful business. However, this is not something that can be achieved by everyone and it requires dedication, time and effort on your part.
Fortunately, there are several ways to make a seven-figure salary and some of them can be accomplished without a college degree! For instance, becoming a successful social media influencer can be a good way to start earning this type of salary.
What is a eight-figure salary?
A eight-figure salary is a huge amount of money that people earn. The figure ranges between $10,000,000 and $99,999,999, and it is typically reserved for multi-millionaires.
An eight-figure salary can be earned in a number of different ways. A person could work for a company that pays them an eight-figure salary or they can run their own business.
Another way to make an eight-figure salary is by working as a social media influencer. These influencers have huge audiences on platforms such as Instagram and YouTube, and they can easily make millions of dollars for each post they publish. They also earn commissions on products that are sold through their posts. It takes a lot of skill and hard work to be successful in these fields, but it can be a great option if you want to earn an eight-figure salary while working less.
What is a nine-figure salary?
A nine-figure salary is a huge number, with a corresponding hefty price tag. This figure typically includes a variety of monetary benefits, such as stock options and endorsements. It’s also the best possible way to describe a yearly income that is not only impressive, but will set you up for a lifetime of luxury. This level of wealth typically takes years of hard work, but it pays off handsomely in terms of lifestyle and net worth. It’s a rarefied air, but if you’re lucky, you might find yourself in the company of the likes of Steve Jobs and George Clooney.