The figure of 7 is something that many are familiar with, but how many people know what it means? Even if you’re not sure, you’re going to be reading more than just this sentence from now on. You see, the phrase ‘7 figures’ has taken the internet by storm, and for good reason too. It might seem like a number straight out of a fantasy novel or an episode of Seinfeld. But it’s far from meaningless.
If you’re able to make as much money as a seven-figure earner does, then you can truly call yourself successful. With that being said, it doesn’t mean that to reach this level you know what you’re doing.
For most individuals who don’t work in high-paying fields, it seems almost impossible without outside help and support. However, working your way up to a 7-figure income takes commitment and dedication. There are ways to get there if you put your mind to it.
Here is what this article will talk about:
- How Much Is 7 Figures?
- What Is 7 Figures?
- How To Make 7 Figures Income
- Is A 7-Figure Salary Realistic?
- Skills To Obtain To Reach A 7 Figure Salary
- Ways To Work Towards A 7 Figure Salary
- What Jobs Make 7 Figures?
How Much Is 7 Figures?
The amount of money a 7-figure income represents is 1 million to 10 million dollars. It is highly dependent on the person and the industry.
The term ‘7 figures’ is commonly used as a way to compare high incomes with other high incomes. It could be much higher than $1 million depending on the field.
Some people believe that it’s possible to make up to $10 million per year. This is what many NBA basketball players can earn through sponsorships. In fact, LeBron James was able to reach $1 billion by the time he retired from basketball.
What Is 7 Figures?
The number 7 is a popular number in the world of personal finance. Many high-paying fields are associated with it and represent the number of figures in an annual income. It starts with 1 million dollars a year since a million has seven figures: 1,000,000.
The amount of a 7-figure income a person is making varies from industry to industry and job to job. We will talk more in detail, but it includes doctors, consultants, and athletes, among others. You might think these jobs are only for the elite few or for those who have an established background in these fields. The truth is, you could be wrong.
If you’re looking to make this type of money, then you can start from the ground up. There are plenty of ways to get involved in these developing fields with little to no experience. And they’re all worth trying out.
If you want to make as much money as possible in a short period of time, there is one thing that you should do: keep your eye on the prize.
What this means is not just to take steps toward achieving a 7-figure income. But you also think about what will happen if you don’t achieve it. It could be that in order for your goal to be met. You need to work harder than ever before or keep at it until success comes knocking on your door.
How To Make 7 Figures Income
So, how do you make a 7 figure income? It all starts with your personal finances. You need to start by getting control of your expenses and getting rid of any unnecessary things, and investing in the right places.
That doesn’t mean stop doing things you love. If you have something that makes you happy or brings peace to your life, then keep it.
The key is finding balance when it comes to what you spend and what you save. You also need to start investing in yourself.
Investing in yourself means investing in education, taking on new challenges, and focusing on the long term.
For many people, this can be difficult since they’re focused on short-term gains. Doing that, in general, doesn’t help them reach their ultimate goal.
Focus on the bigger picture and remember that keeping the big picture in sight will help keep your feet on the ground and get you through tough times as well as reward you for staying committed.
Another piece of advice for those looking for a 7-figure income is understanding and embracing technology as it becomes more prevalent in everyday life.
Nowadays there are ways to earn money online that weren’t around before so be open-minded about giving something new a shot if it seems interesting enough or beneficial to your life goals.
You never know what might happen if you took some time out of your day to try
Is A 7-Figure Salary Realistic?
It’s not impossible to reach a 7-figure salary, but it does take a lot of work and dedication.
The good news is that there are ways to make it happen with some serious dedication and hard work.
First things first, you need to decide what type of income you want. For example, if you want to make more money than your current job provides then you need to start looking for new opportunities in order to get the job or find a way to start your own business.
Luckily, the internet is full of resources that can help you achieve just that. There are also different techniques and methods that will help you perfect your skill set so that you don’t have an issue finding a new job or starting your own company.
Once you have a plan going forward, you really have nothing left to do except wait for the opportunity to come knocking on your door as they did for seven-figure salaries.
Skills To Obtain To Reach A 7 Figure Salary
In order to reach the level of 7 figures, you’re going to need certain skills.
While it might seem like there is a wide range of skills needed, the most important are those that will allow your business to grow exponentially.
Let’s take a look at some of these skills:
- People Skills
- Business Savvy
- Knowledgeable in Social Media
- Knowing How To Find Opportunities
- Creative Mind
- Confidence
The more you invest in yourself and your education, the more likely you are to become a successful entrepreneur.
If you want to be a 7 figure earner, it will require time and effort on your side. You have to believe in yourself and trust that if you work hard enough, you can make it happen.
Ways To Work Towards A 7 Figure Salary
In order to earn a 7-figure salary, you need to put in some serious work and sacrifice for your career.
This means long hours and a lot of dedication which are two things most people are not willing to do.
However, there are ways for individuals who want to reach a 7-figure income in their lifetime or at least one way they can get closer to it.
If you have an entrepreneurial spirit and want to start your own business, then this is the path for you!
Creating something from nothing requires a lot of hard work and patience, but the windfall of profits can easily make up for such costs.
There are so many different opportunities when it comes to starting your own company alone or with others as well. If this isn’t something that appeals to you, then consider becoming an entrepreneur in another field such as real estate or finance (maybe even social media marketing!).
What Jobs Make 7 Figures?
Do you know what makes you money?
Do you know how to find it?
Well, if you’re looking to make a lot of money, you might have your work cut out for you. But if you’re willing to put in the time and effort, there are plenty of ways that money can easily come your way.
Doing well financially comes down to many different factors. Doing a job that pays well requires certain skills or things that are valued above other things in the workplace.
If an occupation has value, then people will be willing to pay more for it. Here we’ll answer all of the questions you might have about finding a high-paying job and creating financial independence.
We will talk about the following jobs:
- CEOs And C-Level Executives
- Entrepreneurs
- Consultants
- Corporate Lawyers
- Sales Executives
- Investment Bankers
- YouTubers And Influencers
- Professional Athletes
- Actors And Actresses
- Fashion Designers
- Doctors
CEOs And C-Level Executives
What jobs make 7 figures? A job that pays 7 figures can be just about anything.
There are certain types of jobs, though, that pay a lot more than others. Executives and CEOs in particular earn substantially more than other positions with the same skillset.
These high-paying positions include individuals in the fields of law, finance, marketing, engineering, and consulting.
Entrepreneurs
If you’re willing to put in the time and effort, there are plenty of ways that money can easily come your way. Business owners are one of those ways. This is one of the most rewarding occupations on the list, as it often has a direct correlation to the amount of time put into it. It takes a lot of time and effort to build up a successful business, but if you have the skills needed to run your own business, these will pay off in the end.
There are many different types of businesses that you could choose from, like restaurants, hotels, and professional services. You might also want to consider entrepreneurship as an option for making 7 figures. Entrepreneurship is similar to running a business, but instead of hiring employees you hire yourself and make all decisions on your own behalf.
Entrepreneurship is riskier than owning a business. In the beginning, it’s hard to predict how much revenue each month. It’s also challenging to predict how long your company will last.
But with hard work and perseverance, this is one opportunity that could lead to success. If you’re looking for something different or working alone doesn’t sound like an option. Then, think about becoming a freelancer or starting your own business as opposed to an actual job at another company!
You would provide services directly to clients which would allow you complete freedom in what kind of work you do and where it takes place with minimal interference
Consultants
If you are looking to make a lot of money, you might want to consider becoming a consultant. Consulting is one of the fastest-growing fields in America. And it is easy to see why when you consider the salary potential.
According to the Bureau of Labor Statistics, the median pay for an individual in this career field is $72,000 per year. However, if you become a consultant guru, start making speeches, and are requested by big companies, your salary can grow exponentially and reach the 7 figures.
So if consulting pays so well and can be done remotely, how hard is it really?
The truth is it’s not that hard; all you have to do is decide what type of work you want to do and find someone who needs your professional expertise.
Once you have found your client and signed on the dotted line, all you have to do is get started!
Corporate Lawyers
For example, corporate lawyers can make from $200,000 to millions per year.
This is because these lawyers are in high demand. With all the laws that are constantly changing and new legislation being passed, there are a lot of legal cases and new laws that need to be written and enforced.
This means employers will pay top dollar for lawyers with this skill set. They usually need someone who can keep up with the needs of their business. Also, there is always a demand for people who know how to draft contracts with the best interests of both parties in mind.
Lastly, corporate lawyers generally work for large corporations instead of individuals or small businesses. In general, this helps them make more money in less time.
So if you think you’re ready to start making your money work for you while also providing valuable services to your community and society, then becoming an attorney might be your next step!
Sales Executives
A sales executive is typically in charge of a team of people and has a client list that is largely composed of potential customers.
They are also responsible for the daily operations of their teams, as well as overseeing the work done by subordinates.
Sales executives manage people and resources and can be found at different levels within an organization. They typically have to travel often and take on additional duties like coordinating with vendors, handling all the marketing material, meeting with clients, delivering presentations, and monitoring staff members’ performance.
In order to keep up with this lifestyle, they must be creative and able to multitask effectively.
The average salary for a sales executive is $73,000 annually. To reach a seven-figure income it all depends on the product you work on and the talent you have. Some real estate agents, for example, can make millions per year if they work in the luxury market.
A sales executive can also make more money if they have experience in other related fields such as management consulting or advertising. Therefore, 7 figures is a reality in this job.
Investment Bankers
It’s difficult to estimate the amount of money that Investment Bankers make. However, it is estimated that most investment bankers make around $1 million a year or more.
Investment bankers are responsible for advising companies and helping them invest in new opportunities. They are involved with the industries, such as financial services and technology, that help drive the global economy.
Being an investment banker requires a lot of knowledge on a variety of topics, including international trade and finance. It also requires expertise in mathematics, statistics, accounting, and computer programming.
The best way to get into becoming an investment banker is by getting into a good undergraduate program. Ideally, you’ll have been exposed to some of the economics courses at your school before applying for the job. After you graduate from college with your bachelor’s degree in any field related to business or economics, you can enter into the world of investment banking!
Youtubers And Influencers
Youtubers and influencers are two of the most popular types of people to follow on social media. They’re also some of the highest-paid. So, what do they have that makes them so popular? Well, they have something that everyone is looking for: authenticity.
According to Forbes, the top YouTubers in income in 2021 were:
- MrBeast — $54 million
- Jake Paul — $45 million
- Markiplier — $38 million
- Rhett & Link — $30 million
- Unspeakable — $28.5 million
- Like Nastya — $28 million
- Ryan Kaji (Ryan’s World) — $27 million
- Dude Perfect — $20 million
- Logan Paul — $18 million
- Preston — $16 million
Youtubers and influencers use their platforms to make content that is raw, personal, and real. They are able to make money through advertisements or brand partnerships.
In order to attract this type of audience, it’s important for your content to be relatable and authentic.
Professional Athletes
Professional athletes are one example of jobs that could pay upwards of $7 million annually.
Sports are increasingly becoming lucrative and high-paying careers, giving athletes opportunities to be among the highest-paid people in the world. This is not to say that professional athletes don’t have their share of critics.
Many professional sports fans are concerned with the long-term health risks that professional athletes often face.
One example of this is brain trauma, which can cause memory loss or other symptoms associated with dementia, such as aggressive behavior and poor decision-making. Despite these concerns, they continue to make a lot of money doing what they love! The average salary for a professional athlete is $2,000,000 annually.
Actors And Actresses
Some jobs that make 7 figures are actors and actresses. If you’re interested in acting as a career, then there are some things to consider before taking the plunge
The most important factor is whether or not you have the talent and drive to become successful in this line of work.
With time, dedication, and hard work, it may not be too difficult for an actor or actress to make it big.
Additionally, if you want to really take your career seriously, find a reputable agent who will help you get well-known and start earning money from their contracts.
Fashion Designers
The most common jobs that make seven figures are fashion designers, professional athletes, movie directors, and musicians.
Fashion designers are often the highest-paid category of workers in their field, with some making more than $10 million annually.
If you’re interested in finding work in fashion design but don’t know where to start your search, start by getting the skillset required for it.
Doctors
Doctors have one of the highest incomes in the United States.
If you are considering a career in the medical field, then you might want to consider pursuing a degree in medicine or pursuing a career as a physician. Physicians can earn from $200,000 to millions of dollars annually.
Bottom Line
If you want to find out what jobs make 7 figures, consider checking out this article! It was created to help you figure out what your salary should be based on your work experience and education level.
Ultimately, it is up to you to decide whether this information is worth taking into account when trying to determine what type of job is right for you.
So whether you are new to the idea of making money or just need some help figuring out a seven-figure job, this article is for you!
