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Learning how to make 6 figures ($100,000) a year is a common goal for many — and why wouldn’t it be?
The six figure number is a milestone that would put your earnings well beyond the median household income in the United States, and potentially afford you with a more comfortable lifestyle.
But how do you get there – especially if you’re making nowhere near this number now?
Ways to earn 6 figures a year:
There are many ways you can get to earning six figures a year. The two most common ways are:
- Getting a job that makes six figures a year
- Starting a side hustle and scaling it so you’re eventually making six figures a year
- A combination of the two above strategies
None of these options are easy, and they will likely involve sacrifices and sweat equity. But leveling up your full time job and scaling a side hustle are exactly what we specialize in at IWT. The following systems have worked for thousands of our students successfully, and with time and effort, you could be on your way to earning 100k in a year.
What Does a Six-Figure Income Actually Look Like?
You need to make at least $100,000 a year if you want a six-figure income. That means making at least:
- $8,333.33 a month, or
- $2,083.33 a week, or
- $416.66 each workday, or
- $52 an hour.
Breaking down your larger goal into smaller increments will help you understand what it will take to get where you want to go. Can you land a full-time job that pays $52 an hour? Or can you freelance for that amount?
It’s important to figure out where you are now compared to these benchmarks if you want to reach your goal of 100k/year.
How to make $100,000 a year in 5 steps:
Let’s get started.
Step 1: Set up your financial foundation for 6 figures
When you have a goal as ambitious as “I want to earn a six-figure income,” it’s easy to lose sight of the really important things in your life.
I’m talking about the basics: food, water, shelter, etc.
This is the…
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