How To Make $100K+ A Year: 4+ Steps To 6 Figures (Expert Tips)

Learning easy methods to make 6 figures ($100,000) a yr is a typical purpose for a lot of — and why wouldn’t or not it’s?

The six determine quantity is a milestone that may put your earnings properly past the median family earnings within the United States, and doubtlessly afford you with a extra comfy way of life. 

But how do you get there – particularly when you’re making nowhere close to this quantity now?

Ways to earn 6 figures a yr:

There are some ways you will get to incomes six figures a yr. The two commonest methods are:

  1. Getting a job that makes six figures a yr
  2. Starting a aspect hustle and scaling it so that you’re finally making six figures a yr
  3. A mix of the 2 above methods

None of those choices are straightforward, and they’ll possible contain sacrifices and sweat fairness. But leveling up your full time job and scaling a aspect hustle are exactly what we specialize in at IWT. The following techniques have labored for hundreds of our college students efficiently, and with effort and time, you would be in your technique to incomes 100k in a yr. 

What Does a Six-Figure Income Actually Look Like?

You have to make at the very least $100,000 a yr if you would like a six-figure earnings. That means making at the very least:

  • $8,333.33 a month, or
  • $2,083.33 every week, or
  • $416.66 every workday, or
  • $52 an hour.

Breaking down your bigger purpose into smaller increments will assist you to perceive what it is going to take to get the place you wish to go. Can you land a full-time job that pays $52 an hour? Or are you able to freelance for that quantity? 

It’s necessary to determine the place you at the moment are in comparison with these benchmarks if you wish to attain your purpose of 100k/yr.

How to make $100,000 a yr in 5 steps:

Let’s get began.

Step 1: Set up your monetary basis for six figures

When you’ve got a purpose as bold as “I wish to earn a six-figure earnings,” it’s straightforward to lose sight of the actually necessary issues in your life.

I’m speaking in regards to the fundamentals: meals, water, shelter, and so on.

This is the “Tripod of Stability” — the entire foundational, large points of your life that you simply hold ultra-stable so you’ll be able to take dangers in different areas.  

“I’m a proponent of a part of the Tripod of Stability,” says Naveen Dittakavi, founding father of “If you’ve got a day job, you should be sure that it’s secure. You should carve a capability to work in your aspect hustle whereas doing nice work at your day job.”

He continues, “I lived at residence for six years. My mother and father had been actually cool and helped me get by whereas I constructed out my enterprise.”

Naveen not too long ago scaled his hustle in order that he’ll be taking away roughly $1 million this yr (so you recognize he is aware of his stuff).

By taking good care of your large issues — your own home, automobile, relationships, meals — you’ll have the ability to take dangers in areas like your aspect enterprise. As Ramit says, when you’ve got your bases coated, you’re not likely taking dangers in any respect.

Your Tripod of Stability doesn’t essentially imply that you simply’re freed from sacrifices although. If you wish to dedicate your self to creating six figures a yr, you’re going to have to alter a few of your habits and beliefs.

“I sacrificed lots to construct my enterprise,” Naveen recollects. “After all, dwelling at residence along with your mother and father for six years means you’re going to be single for six years — BUT it gave me what I wished out of my life.”

Action step: Identify your Tripod of Stability

Write down the three important “legs” of your Tripod of Stability. These are the issues that, if they continue to be fixed, would can help you climate dramatic modifications in different areas in your life. It may very well be issues like:

  • Your residence
  • Your automobile
  • Your job
  • Your partner or companion
  • Your financial savings account

Once you recognize what makes up your Tripod of Stability, you’ll be able to be sure to have these areas safe so you can begin taking dangers in areas like beginning a aspect hustle.

If you’re apprehensive about your private funds, you’ll be able to enhance them with out even leaving your sofa. Check out my Ultimate Guide to Personal Finance for ideas you’ll be able to implement TODAY.

Step 2: Earn extra money in your profession

If you’re trying to construct a six-figure earnings on freelancing along with your aspect hustle alone, you’ll be able to skip this step.

If having a job is among the legs on your Tripod of Stability, although, you’re going to wish to maximize your wage as a lot as attainable.

Why? The extra you earn, the nearer you’ll get to your first six-figure yr. There’s no higher method to do this than to barter your wage.

Check out this chart that exhibits how a lot a $5,000 enhance in wage can add up over time:

Not solely is it a BIG win, however it additionally units you squarely on the street to incomes extra after only one dialog along with your boss.

And step one to do that is definitely easy — however many individuals nonetheless neglect it: Do good work.

“First and foremost, you need to ship nice outcomes,” says IWT reader and six-figure earner Enoch Ko. “Without outcomes, no quantity of networking or relationship constructing can get you [to six figures]. That stated, you need to construct good relationships at work together with delivering nice outcomes.”

“Results and relationships go hand-in-hand,” he continues. “Once I had confirmed myself to be a Top Performer, greater wage was only a matter of time — having common wage discussions with my managers and skip-level managers, figuring out timing with the company planning cycles, and so on.”

Once you show your self to be a useful asset to your organization, start to construct two of a very powerful instruments at your disposal: your community and your observations. Enoch made such an affect he finally moved on to a different position that he was referred to by … his present manager.

“It was via constructing good, trusting relationships via delivering nice outcomes that helped,” he says.

One factor that may have a HUGE affect on wage negotiations is exhibiting you’ll be able to add even extra worth sooner or later.

A good way to do that is just by asking questions of your manager:

  • What’s one thing that you simply wish to enhance inside the firm — and the way can I assist?
  • What traits do you worth probably the most in a brand new rent?
  • How can I assist along with your most necessary purpose this quarter?

Not solely will this present that you’ve initiative however it additionally provides you perception into precisely the type of speaking factors that may grand slam your wage negotiation.

One of the largest fears of job seekers will not be realizing what to say in an interview. Find Your Dream Job consists of word-for-word scripts and breakdowns with actual hiring managers so to nail your subsequent negotiation. Click here to learn more.

Action step: Prepare on your wage negotiation

Check out our assets all about easy methods to put together on your wage negotiations. A couple of nice locations to begin:

Step 3: Find a aspect hustle concept

This is the number one barrier holding individuals again from creating their aspect hustle.

After all, you’re searching for one thing that’s worthwhile and that you simply’re captivated with.

And the Venn diagram between these two issues usually looks like two separate circles.

Luckily, you have already got worthwhile expertise already. That’s what Christina Nicholson of Media Maven realized when she left her job after years of expertise as a tv information reporter and began working for a PR company.

“Like many individuals, I didn’t have an excellent boss,” Christina recollects, “and extra consideration was paid to the hours I used to be sitting in entrance of my desk within the workplace as an alternative of the standard of labor I used to be executing.”

That all modified when in the future a consumer got here in to pay his retainer and Christina found that it was greater than what she made in a single month.

“That’s once I realized I may do all of the work AND hold all the cash,” she says. “I didn’t have to work for somebody who brought on me pointless stress. I didn’t have to get trip permitted or be on the receiving finish of an perspective once I wanted to go away the workplace early as a result of I had a sick baby.”

She continues, “I may additionally do different issues, like host native and nationwide TV segments on a contract foundation.”

So she started to construct out Media Maven, her hustle to assist different companies get a deal with on their PR. “After beginning my enterprise,” she recollects, “I noticed what was attainable and it motivated me, much more, to be taught extra about entrepreneurship and take issues to the subsequent stage.”

That’s not the one method yow will discover a worthwhile freelancing concept both. If you’re at a loss for the place to begin, try the 30 confirmed enterprise concepts within the PDF beneath. As you scan the record, take into consideration the way you may apply these concepts to your present expertise and hobbies.

Click right here to obtain your very personal PDF of the 30 confirmed enterprise concepts.

For now, simply select one enterprise concept. It’s okay, you’ll be able to all the time change it later. For now, we’re going to only strive one out and attempt to discover a consumer with it.

Step 4: Get your first consumer

In order to begin incomes cash, you should discover the individuals who offers you cash on your concepts.

But the query is … how? Where do you discover these individuals?

Naveen’s tactic? Offering mouthwatering worth.

“I used to be actually concerned in lots of entrepreneurial aspirational teams,” he explains. “So entrepreneurs would dangle on the market and I might discover methods I may add worth. I wasn’t attempting to pitch or shut offers. I might simply say that I had a pc science diploma and, ‘I can assist you make clear your imaginative and prescient and perceive what it takes to construct it out.’”

“I’ve all the time been useful,” Naveen continues. “I began to seek out that being useful to different individuals builds belief and can lead to gross sales. I used to be ready the place there was restricted expertise to execute tech initiatives and there wasn’t lots of people to assist aspiring entrepreneurs.”

By doing this, Naveen did two crucial issues relating to discovering purchasers:

  • He went to the place the purchasers lived. By going to precisely the place his goal market frolicked, he was capable of construct a community of potential purchasers and other people he may assist.
  • He supplied superb worth. Naveen acknowledged a possibility to point out his potential purchasers that he was the person to assist them. This value-add helped him achieve his first few purchasers.

You can do the identical factor.

Ask your self:

  • Who is my consumer?
  • Where do they go once they wish to search for an answer to their issues?
  • Where are they ALREADY searching for options to their issues?
  • How are you able to join them to your service?

At this level, you’re additionally going to wish to area of interest down your goal market so as to actually tailor your providers and attract clients. So take into consideration who’s an instance of a consumer who may wish to purchase your product.

A couple of inquiries to jump-start your analysis:

  • How outdated are they?
  • Where do they stay?
  • What are their pursuits?
  • How a lot do they make?
  • What books do they learn?

Using this data, discover out what your purchasers want by going to the locations they go.

For instance:

  • Looking for bodily or therapeutic massage therapists inside 50 miles of your home? Yelp ought to get you began simply.
  • If you wish to do massive canine grooming and sitting, properly there’s most likely a neighborhood pet retailer or canine park close to you the place homeowners are all congregating simply ready so that you can provide them an answer.

Here are just a few ideas of another nice websites freelancers can use to seek out enterprise on-line:

Once you discover a potential consumer, you’re going to wish to attain out to them and pitch your providers.

Building a enterprise, together with a contract enterprise, may be difficult. In Earnable, we’ve damaged down the whole course of. It’s been confirmed over 15+ years, 50+ industries, and 42,000+ paying clients. It’s an entire system — you get all the precise methods, frameworks, hands-on ways, real-world examples, mindsets, done-for-you templates, word-for-word scripts, and hard-won breakthroughs to begin and develop your personal enterprise. Click here to learn more.

Action step: Find a consumer and e-mail them (with scripts)

Find your consumer utilizing the knowledge I’ve outlined above. Let’s say you’re a video editor trying to choose up some aspect work. Here’s a useful script you would use (simply change the “video editor”–particular stuff along with your ability):


I noticed your submit on X and visited your web site. I observed that you simply’ve not too long ago began utilizing movies too.

I’ve been doing video modifying for 3 years and I’d like to supply that can assist you edit your movies and get them optimized for the net.

That would make them look extra skilled and cargo sooner, which is necessary on your readers. And you’d unencumber time that you would use to create new content material.

We can focus on the main points, after all, however first I wished to see if that is one thing you may be inquisitive about.

If so, would it not be okay if I despatched you just a few concepts on easy methods to assist?


Joe Example

A couple of takeaways:

  • There is zero fats within the pitch. Every phrase counts and is required to assist actually promote the advantages of working with you.
  • Don’t point out fee. There’s nothing that may kill a possible consumer’s curiosity in you greater than pushing costs on them earlier than they’re prepared.
  • Stress the advantages. This e-mail exhibits the consumer why it could be of their greatest curiosity to purchase from you within the third paragraph.

Once you get a consumer utilizing this e-mail, congrats! You simply secured your first consumer — however it doesn’t finish there. You want to truly do the work for them, and meaning frequently including worth.

“Being tremendous conscious of how one can assist individuals and the way they understand you and recognizing that cash will come when you’re valued by your viewers helps most,” Naveen explains.

Step 5: Invest in your funds AND your self

Investments can take all shapes and types. Let’s stroll via three areas the place you can begin to speculate relating to constructing out your six-figure life.

Investment #1: Personal finance

This is IWT’s bread and butter. We have extensive resources when it comes to personal finance. It’s additionally a vital leg anybody ought to have on their Tripod of Stability.

The best technique to get began guaranteeing your private funds are so as is by automating your funds.

This is our system of sending your paycheck the place it must go every month (utilities, lease, mobile phone invoice, and so on.) so that you don’t have to fret about it.

“Being financially conservative, I’ve additionally automated my money circulate in order that I robotically have financial savings and investments,” Enoch says. “I get pleasure from not having to consider financial savings and investments. I get pleasure from with the ability to spend cash with out worrying whether or not I’d have sufficient money to pay for the extremely cyclical quarterly fuel invoice or bimonthly electrical energy invoice once they come.”

“Automation is extremely necessary,” Naveen says. “At the time I used to be drawing a wage from my day job, it was useful to place my belief in a system that made sense and would work out ultimately. At the time, I used to be placing money away in my ING Direct account and my sub-savings accounts. I used to be capable of see that quantity enhance and I noticed it labored rather well.”

Automating your finances solely takes one to 2 hours on the most, however when you set it up, you don’t have to fret about it once more. It’s positively a key a part of easy methods to make $100,000 a yr.

AND it’ll prevent hundreds of {dollars} over your lifetime.

Investment #2: Your aspect hustle

If you wish to know easy methods to make $100,000 a yr, you’re going to should hustle laborious. That means you’re going to succeed in some extent in your side hustle the place you’re going to should put again some cash into it if you wish to develop.

That may take the type of hiring workers, shopping for a web site area, or getting a mentor / coach as was Christina’s case.

“It sounds cliche, however working smarter as an alternative of working tougher is how I reached six figures,” Christina explains. “How do you’re employed smarter? You encompass your self with people who find themselves smarter than you and have already achieved what you’re working for.”

So she employed a enterprise coach and located somebody to assist her construct out her enterprise.

“I actually did my homework,” she says. “I employed somebody with a staff of individuals, all of which had been profitable entrepreneurs incomes at the very least a number of six figures, a lot of their purchasers had been incomes at the very least a number of six figures, and the teaching staff had a really excessive retention price, which advised me they have to do one thing proper!”

That’s only one instance although. You can discover some ways to place a reimbursement into what you are promoting to assist it develop.

One nice technique to make investments is to seek out mentorship or buy a product or a guide — which brings us to …

Investment #3: Yourself

Possibly the most effective funding you can make that may put you on a path to make 100k a yr is placing cash in growing your self each career-wise and on a private stage.

“My largest funding is self-care,” Bonnie says. “The very first thing on the calendar every month is Pilates, pole health, massages, day spa visits, {couples} remedy, fast getaways to Desert Hot Springs, and so forth. If I’m not my greatest self, I’ve obtained nothing to carry my purchasers. It’s simply silly necessary, as investments go.”


Who cares if this looks like a luxurious? Who cares if individuals may scoff on the concept of getting a therapeutic massage? What issues is that YOU need it and that YOU are keen to work for it.

The greatest technique to get began is to start investing in your self. This is one thing individuals hardly ever take into consideration once they begin studying easy methods to make $100,000 a yr.

And one factor that you can see quite common with individuals who haven’t taken the time to put money into themselves and learn the way these items works, is they may create what’s referred to as ranges of abstraction.

Rather than simply going on to what they need, they may create all these totally different ranges of abstraction — like making a Facebook web page or a weblog — that make them really feel good, however that really don’t require them to do the laborious work.

So, they’ll spend six, 9, twelve months doing one thing irritating after which hand over as a result of they by no means hung out shopping for a pair good books or shopping for a course.

Frequently Asked Questions About How To Make 6 Figures

Is it laborious to make 6 figures?

Building as much as or incomes 6 figures will not be straightforward. It will take laborious work to have the ability to earn that a lot or purchase that a lot wealth. The greatest technique to get to $100,000 is by consistently growing your internet price and expertise.

What jobs make 7 figures a yr?

Here’s an inventory of jobs that make 7 figures:

  • Business Owners
  • Doctors and Other Medical Professionals
  • CEOs and Other C-Suite Executives
  • Salesmen
  • Investors
  • Bankers
  • Corporate Lawyers
  • Actors and Actresses
  • Professional Athletes
  • Youtubers and Influencers

At what age ought to I be making 6 figures?

Usually, individuals don’t earn 6 figures till they’re of their 30s. However, there isn’t any particular timeline for this and everyone seems to be totally different. Workers in America are normally anticipated to be making 6 figures or extra by the point they’re 30 due to their expertise. There are after all outliers and exceptions to this rule.



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