How much is 6 figures? 7, 8, or 9 figures [Explained]

six figure income

Did you ever hear of a person saying they earned six figures in income? Perhaps, from an interview or through social media, you have heard people talking about their luxurious cars, their homes, and the six-figure incomes they enjoy.

So, How much is six figures? Quite simply, a six-figure income is defined as an annual income, PER YEAR (this is critical), that has six digits in it, which means that a six-figure income starts at a minimum of $100,000 and goes up to $999,999.

In conclusion, if you earn an annual income between $100,000 and $999,999, it is considered a six-figure income.

The next question is: how can you earn six figures? What job provides a six-figure income with or without a college degree? and what are the pointers to make a six-figure income?

Having said all that, don’t worry about it – we’ll cover everything in this article and help you to be able to make six figures and manage your personal finance. So let’s begin by covering the basics first.

How to earn a six-figure salary?

A six-figure income will require you to be extremely good at what you do. You will also need to find a career that will pay well and keep your salary competitive with that of the market. 

In addition, you should make sure you give yourself enough time to earn a college degree or similar qualification.

 The best way to earn six figures is to invest in your future and obtain the qualifications that will allow you to earn higher salaries.

Here are the six-figure income-earning jobs that need and do not need you to have a college degree.

Six-figure jobs that need a college degree

These are just a few of the jobs that will allow you to earn a six-figure income when you have a college degree.

Obviously, for something like this to work, you have to be very well-versed and talented in what you love doing. 

  • Financial Advisors
  • Dentists
  • Software developers
  • Doctors
  • Pilots
  • Pharmacists
  • Engineers
  • Lawyers

Six-figure jobs that don’t need a college degree

Below are jobs that do not require a college degree to earn six figures.

  • Blogger
  • Business owner
  • Entrepreneur
  • Marketing consultant
  • Customer service representative
  • Salesperson/Account executive

Pointers to manage your six-figure incomes

In order to manage your income effectively, you will need to put in a lot of effort. Managing your six-figure income is not something that will happen or you’ll learn overnight.

In fact, some people put off automating their finances because they aren’t sure where to start, but this article is a great place to start.

1. Work in a low-cost living area and earn more money.

2. Use a credit card for essential expenses and pay it off every month.

3. Take advantage of credit card rewards to earn things like gift cards, travel, and cashback.

4. Automate your finances with online personal finance tools like Mint.

5. Use credit cards to borrow money for big purchases instead of borrowing from a bank that will charge interest.

6. Get 1% or 2% cashback on all your purchases by using a credit card.

7. Make sure you negotiate and shop around before using your credit card.

8. Spend less on things like eating out, cable, and unnecessary travel to save money.

9. Automatically transfer money into your savings account each payday so that you can save it before you spend it.

10. Spend 10% of your paycheck on savings and investment accounts by doing monthly transfers.

What to do after making a six-figure income?

By the time you reach $100,000 per year, you have made it to the top 10% of all wage earners.

A six-figure salary can seem like a dream come true for many people and it can get you many things. In return for all of your hard work, you are rewarded with a larger check with more zeros than before.

The amount of money you continue to make from here on will depend on your investment success as well as what opportunities you may have access to as time passes.

There is no limit to how high a salary can go, so if that is something you are interested in, there is still room for growth.

Of course, it’s a large amount of money to make, but the main question is, what are your expenses? Generally, if you’re living in a high-priced area and have a lot of debt, and if you have dependents and if you have loans, you’ll probably need at least 6 figures to cover your bases.

On the other hand, if you’re single, or your partner earns the same income as you, plus you live in the suburbs where the cost of living is low, then having a 6-figure income is a blessing on its own.

How much is 7 figures?

It is only when you reach the seven-figure mark that you become a millionaire.

Seven-figure earnings mean an annual income that has seven digits, which is a minimum of $1,000,000, and it can go all the way up to $9,999,999.

There are several factors that will impact how fast you reach this level, including how much money you start with, what income sources you have, and what investments you make from those sources. 

It is up to you how much interest your investments will yield that will determine whether or not you’re going to achieve a seven-figure income

What Jobs Pay 7-Figures a Year?

According to the Harvard Business Review, about 4.5% of American workers earn $1 million or more per year. Following are examples of careers with such hefty salaries:

  • Sales Director
  • Lawyer at a corporate firm
  • Medical and a pharmaceutical sales representative
  • Accountant
  • Real Estate Agent
  • CEO of a company (may or may not require an MBA)

How Much is 8-Figures?

An 8-figure income is defined as one in which the digits are 8 digits, in this case, a minimum of $10,000,000, and it goes up to $99,99,999.

What jobs pay 8-figures a year?

Here is the list of some jobs that pay 8 figures a year:

  • Hotel Manager
  • Business Owner
  • Entertainment Agent
  • Executive Chef
  • Real Estate Broker

How Much is 9-Figures?

9 figures mean that the annual income is in nine digits, which means a minimum income of $100,000,000, and it will reach $999,999,999.

What jobs pay 9-figures a year?

When it comes to making 9-figures, you might want to think about developing a brand-new product, or perhaps you can try starting your own company.

Depending on how efficient and well-performing your business is, as well as the types of sales that come in, you will have to wait for a certain time before you can make the money you want.


There are several factors that can impact the amount of money you make. The most important factors are your job, your education level, and your previous experience in the market.

A company’s success will also be affected by how much effort it puts into marketing itself. Your goal of earning six-figure incomes requires you to prepare yourself for the challenges ahead.

I’d like to conclude by saying that it doesn’t matter how much money you make, as long as you have a clear picture of what your life and financial goals are, how you invest your money to reach those goals, and how you invest your time and knowledge.

Having a wise attitude towards money will allow you to accomplish whatever goal you have, whether it’s making six figures or just having some additional cash.

Further Reading

15 Highest Paying Jobs for an 18-Year-Old

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