When you think of how much money you want to make in your lifetime, what number comes to mind?
6 figures? 7 figures? 8 figures? 9 figures?
While all of these numbers are impressive, they each hold a different level of financial security and stability.
In this article, we will break down how much each of these numbers really means for your bank account.
We will also explore the world of 6 figure, 7 figure, 8 figure, and 9 figure incomes. What does it take to make this kind of money? And what can you do with it?
Let’s dive in.
What is a figure?
A figure is a number. When you put numbers together with other numbers, you get a higher figure count.
For example, 1 figure is any dollar amount between $1 to $9. 2 figures is any dollar amount between $10 to $99. On a larger scale, 6 figures is any number between $100,000 to $999,999.
People often refer to their income level in terms of figures. So, if someone says they earn a 7 figure income, you know they’re making over one million dollars since 7 figures is anywhere between $1,000,000 and $9,999,999.
Now that we know what a figure is, let’s explore what each of these figures really means.
How much is 9 figures?
To put it simply, a 9 figure income is an income of $100 million to $999 million.
In other words, if you make one dollar less than $100 million dollars in a year, you are not considered to have a 9 figure income.
While this number may seem unattainable for the average person, there are actually quite a few people in the world who make a nine figure income.
Who makes a 9 figure income?
This is the very top of the food chain when it comes to income. Some of the most common jobs that earn a 9 figure income are the most powerful business executives, celebrities, and athletes in the world.
In order to make this much money, you usually need to be in a high-level position within a company or have a large following.
For example, Jeff Bezos, the founder of Amazon earned 9 figures as CEO of his company.
Bill Gates, the co-founder of Microsoft, is also a 9 figure earner.
Other well-known people who earned 9 figures salaries throughout their careers include Mark Zuckerberg, Warren Buffet, and Larry Ellison.
What are 9 figure jobs?
So, how do you make a 9 figure income?
For most people, the answer is simple: have a lot of zeroes in your bank account.
But for some people, it’s not that easy.
There are actually quite a few jobs that can lead to a 9 figure income.
For example, investment bankers, hedge fund managers, and venture capitalists are all positions that have the potential to make a 9 figure income.
In addition, many CEOs of large companies also make a 9 figure salary.
So, if you’re looking to make a 9 figure income, your best bet is to either start your own company or get a job in finance.
Now that we’ve explored how much a 9 figure income is, let’s take a look at how much an 8 figure income is.
How much is 8 figures?
An 8 figure income is any income between $10 million and $99 million.
While this number may seem high, it’s actually not as unattainable as you might think.
There are a number of jobs that can lead to an 8 figure income.
For example, surgeons, lawyers, and CEOs all have the potential to make an 8 figure salary.
In addition, many celebrities and athletes also make an 8 figure income.
Who makes an 8 figure income?
Some of the most well-known people who make an 8 figure income include Scarlett Johansson, Mark Wahlberg, Roger Federer, and LeBron James.
In addition, many CEOs of large companies make an 8 figure salary.
For example, the CEO of Starbucks, Howard D. Schultz, makes an 8 figure salary.
The same is true for the CEO of Walmart, Douglas McMillon.
As you can see, there are a number of different ways to make an 8 figure income.
What are 8 figure jobs?
There are a few different ways to make an 8 figure income.
For example, you can become a CEO of a large company, a celebrity, or an athlete.
You can also become a surgeon, a lawyer, or an investment banker.
So, if you’re looking to make an 8 figure income, your best bet is to either get a job in a high-paying field or become a celebrity.
Now that we’ve explored how much an 8 figure income is, let’s take a look at how much a 7 figure income is.
How much is 7 figures?
7 figures is any income between $1 million and $9 million.
Based on the latest IRS data available, 538,651 out of 154 million tax returns reported incomes of $1 million or more. That translates to about 0.35% of Americans that make 7 figures per year.
While the segment of the population that makes over 7 figures may seem small, it is actually more realistic to make 7 figures than you think.
Who makes a 7 figure income?
People who make $1 million a year or more hail from all different industries. Typically, people who make a high income work in finance, technology, or entertainment.
For example, people such as investment bankers, hedge fund managers, and venture capitalists typically make a seven figure salary.
In addition, many YouTubers and bloggers also make a 7 figure income.
What are 7 figure jobs?
There are a few different ways to make 7 figures a year.
You can either get a job in a high-paying field such as finance, technology, or entertainment and move up the ladder.
Or you can start your own business.
If you’re looking to make a 6 figure income, your best bet is to start your own business. There are many businesses in a variety of industries that can afford you a 7 figure income, from owning a construction company to running a successful blog.
What’s important is that you are the owner of the company and stand to benefit the most from its profits.
Now that we’ve explored how much a 7 figure income is, let’s take a look at how much a 6 figure income is.
How much is 6 figures?
A six figure income is any income between $100,000 and $999,999.
This may seem like a lot of money, but it’s actually not as much as you think.
In fact, many people in the United States make a 6 figure salary.
Based on the latest data available, around 30% of households earn over $100,000. This means that it’s not as rare as you might think to make this amount of money.
So, if you’re looking to make a 6 figure income, you’re in good company.
Who makes a 6 figure income?
This list of 6 figure earners is long. Earning 6 figures is far less exclusive than making 7 figures. Fame, status, and ownership are not needed on this level of income.
People who make a 6 figures come from all different backgrounds and work in a variety of industries.
For example, people such as marketers, pilots, and engineers typically make a six figure salary.
In addition, many small business owners also make a six figure income.
What are 6 figure jobs?
Although a college education is not required to make 6 figures, it certainly helps.
There are several opportunities to make 6 figures in fields like engineering, technology, and finance. However, it is not necessary to work in these fields to make 6 figures.
Professions like sales, marketing, and small business ownership are just a few of the many other opportunities to make a 6 figure salary.
Other career paths like human resources, architecture, and construction also offer the potential to make a 6 figure salary.
The best way to make 6 figures is to find an opportunity that matches your skillset and interests.
Now that we’ve explored how much a 6 figure income is, let’s take a look at how much a 5 figure income is.
Here are a few examples of 6 figure salary jobs to choose from:
1) Airline and commercial pilot
- Job description: Airline and commercial pilots fly passengers or cargo on fixed schedules. An airline pilot typically flies a large jet, while a commercial pilot typically flies a smaller plane.
- Education requirements: Airline and commercial pilots must have a bachelor’s degree from an accredited college or university and complete an FAA-approved pilot training program.
- Median salary: $130,440
2) Air traffic controller
- Job description: Air traffic controllers coordinate the movement of aircraft to maintain safe distances between them. They work in control towers, approach control facilities, or route centers.
- Education requirements: Air traffic controllers must have a bachelor’s degree from an accredited college or university and complete an FAA-approved training program.
- Median salary: $130,420
3) Real estate broker
- Job description: Real estate brokers help clients buy, sell, or lease properties. They work with buyers and sellers to negotiate prices and complete sales.
- Education requirements: Real estate brokers must have a license from the state in which they practice.
- Median salary: $51,220 (however, it is not uncommon for real estate brokers in particular markets to make over $100,000)
4) Financial manager
- Job description: Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies to ensure the long-term financial security of their organization.
- Education requirements: Financial managers must have a bachelor’s degree in finance or a related field.
- Median salary: $134,180
5) Marketing manager
- Job description: Marketing directors are responsible for planning, developing, and executing marketing campaigns. They work with sales teams to promote products and services.
- Education requirements: Marketing directors must have a bachelor’s degree in marketing or a related field.
- Median salary: $142,490
6) Electrical engineer
- Job description: Electrical engineers design, develop, and test electrical equipment. They work with electronic components, circuits, and software.
- Education requirements: Electrical engineers must have a bachelor’s degree in engineering from an accredited college or university.
- Median salary: $103,390
7) Software developer
- Job description: Software developers create, test, and maintain software. They work with computer programmers to develop new applications.
- Education requirements: Software developers must have a bachelor’s degree in computer science or a related field.
- Median salary: $110,140
How much is 5 figures?
A 5 figure income is any income between $10,000 and $99,999.
This is the most common type of income in the United States. In fact, around 70% of American workers make a 5 figure salary.
There are plenty of jobs that offer a salary in this range. In fact, most jobs do.
For example, people such as teachers, nurses, and retail workers typically make a 5 figure salary.
In addition, many entry-level jobs also offer a salary in this range, including the professions discussed in the higher income levels like finance and technology.
How to increase your income?
If you’re looking to make more money, there are a few things you can do.
First, you can look for a job or an industry that pays more. This is the most obvious way to make more money.
You can also ask for a raise at your current job. If you feel like you’re underpaid, don’t be afraid to ask for what you deserve based on facts and data.
Another way to make more money is to start your own business. This can be a great way to control your income and earn as much as you want.
Finally, you can invest your money wisely. This includes investing in stocks, real estate, and other assets that have the potential to grow over time.
Investing is a great way to make your money work for you and can help you reach your financial goals.
No matter how you choose to make more money, remember that it is possible to achieve your financial goals. With a little hard work and dedication, you can reach any income level you desire.
Conclusion
There is no one-size-fits-all answer to how much a figure is, but I hope this article has given you a better understanding of how much money is involved in making a six, seven, or eight figure income.
I also hope this article has inspired you to think about how you can start making more money.
If you enjoyed this article, check out my article on the best ways to make extra income online.
Or if you’re looking to boost your income by investing, read my article on making extra money with an Airbnb investment.
