1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

What does it feel like to make 6 figures

Discussion in 'BlackHat Lounge' started by golaso9, Dec 10, 2015.

  1. golaso9

    golaso9 Registered Member

    Joined:
    Jul 12, 2014
    Messages:
    90
    Likes Received:
    28
    What are things you noticed that changed in your life? Did things get easier? Harder?

    Did you change?
     
  2. SEOWithV

    SEOWithV Newbie

    Joined:
    Dec 9, 2015
    Messages:
    39
    Likes Received:
    13
    Location:
    UK
    I think the #1 thing I noticed from myself once I passed 6 figures was just how my motivation and work rates skyrocketed even higher. When you start making some decent money, you naturally want to make more and I realised with me I actually started working a lot harder with my projects. And I don't think I've changed.
     
    • Thanks Thanks x 1
  3. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

    Joined:
    Mar 21, 2013
    Messages:
    12,026
    Likes Received:
    10,816
    Occupation:
    WHEREZ MA
    Location:
    BITCOINS AT?
    Home Page:
    I wonder what people think before they post these threads. Do you expect to get any true info? Do you expect any honest replies whatsoever?
     
    • Thanks Thanks x 4
  4. therealgamer420

    therealgamer420 Junior Member

    Joined:
    Oct 24, 2015
    Messages:
    195
    Likes Received:
    56
    If you want to succeed in life then you should follow these rules: Number 1: Work hard, if you think you've work hard then work harder. Number 2: Don't tell all of your secrets. Number 3
     
  5. RMFT1

    RMFT1 Newbie

    Joined:
    Mar 17, 2015
    Messages:
    36
    Likes Received:
    13
    I can't answer for 6 figures. I have had a $1000 day in sales and I've made consistent cash probably amounting to 45-50k/year.

    Life has gotten incredibly busy. My girlfriend didn't like how much I was working. I dropped down to 3 classes a semester in university.
    Things get better though, you begin to realize that you have money to work with. Strategic outsourcing becomes a key thought. I've managed to bring on 12 other people that get paid a percentage based on my model. Those people have brought on business partners as well. Even my girlfriend is working with me now.

    Things change, it isn't all about the money now, but becoming successful as a team, getting to the point where we can rent an office and inviting our top members to come with us.
     
  6. Neon

    Neon Jr. VIP Jr. VIP

    Joined:
    Nov 3, 2013
    Messages:
    2,700
    Likes Received:
    6,326
    Gender:
    Male
    Occupation:
    Traveling the world
    Location:
    Berlin
  7. Aatrox

    Aatrox Supreme Member

    Joined:
    Feb 27, 2014
    Messages:
    1,432
    Likes Received:
    1,062
    Don't know. Didn't get there yet.
     
  8. Cnotey

    Cnotey Power Member

    Joined:
    Jun 25, 2010
    Messages:
    713
    Likes Received:
    915
    Location:
    Seattle
    Home Page:
    I make about $160k a year management consulting. I actually just quit a few months ago to focus on some of my own ventures.

    But I have made well over 6 figures working a day job for the last 6-7 years of or so.

    I will give you an important piece of advice.

    If you can't budget your money and make good financial decisions making $12/hr, then you won't be any better off making $100k+

    I thought the same thing when I finally got an offer letter that had 6 digits in it. "Hell yea, I'll never have to worry about money again!"

    You know what happened? I had shitty money management skills. All that happened was I started spending more. I can think of times where I didn't even have an extra $60 to buy a video game that I needed because I had $2k in car payments, and $3k on the mortgage I had to pay.

    Right now, my bills are running about $8500 a month for cars, house, cell phone, etc.

    So the moral of the story is:

    If you aren't happy financially making $12/hr, you won't be any happier making 6 figures.

    I should also add that I have kids, a wife, and friends that I support. So single people making 6 figures might be in a slightly better position. But not much.

    I have a friend who makes $30k a year. You know what? He has over $100k in the bank. Because he has good money management skills. I was never taught that.
     
    • Thanks Thanks x 5
  9. SkyrocketSEO

    SkyrocketSEO Jr. VIP Jr. VIP Premium Member

    Joined:
    Nov 5, 2012
    Messages:
    4,495
    Likes Received:
    11,759
    Occupation:
    travəlɪŋ
    Location:
    Aibres
    Home Page:
    Doesnt sound like good money management.
     
    • Thanks Thanks x 8
  10. Cnotey

    Cnotey Power Member

    Joined:
    Jun 25, 2010
    Messages:
    713
    Likes Received:
    915
    Location:
    Seattle
    Home Page:
    Exactly my point. I suck at managing my money. I was never taught those skills.

    So my moral stands. If you can't manage your money correctly making $12/hr, then $100k is not going to change your life one bit.

    You just get to be broke driving a BMW instead of a Dodge Neon.

    I think I will also add, I was happier making $70k a year than making what I do now. I also worked for a living doing construction back then. There's been studies done that the correct level of income for median happiness is around $65k a year.
     
    • Thanks Thanks x 1
    Last edited: Dec 10, 2015
  11. PinguSpy

    PinguSpy Jr. VIP Jr. VIP

    Joined:
    Dec 7, 2007
    Messages:
    1,112
    Likes Received:
    966
    Occupation:
    Internet Farmer
    Location:
    Pineal Gland
    Home Page:
    ..what I feel?

    $100 dollar make me think like $10
    everything looks cheap
    u will spend too much money on entertainment
    u perception will become more bigger. (greediness) from 100k per year you will target to earn 100k permonth and million per year.
    and end up doing few bad investment that will burn your money.


    oh, this story is from my friend that he tell me. ;)
     
  12. EPC

    EPC Junior Member Premium Member

    Joined:
    Jun 12, 2014
    Messages:
    104
    Likes Received:
    13
    Home Page:
    your taxes shoot up and you start aiming for a million
     
  13. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

    Joined:
    Jan 27, 2009
    Messages:
    2,566
    Likes Received:
    11,025
    Occupation:
    Pusillanimous Knitter
    Location:
    Buenos Aires
    Second time you write this - what kind of an excuse is this? It's someone else's fault?

    You're a grown up and you can pay for a consultant. Given that you make money as a consultant, I don't have to point out that good consultants provide good value to their clients, do I? :eek:

    So now it's time to spend some money on your education.
     
  14. Sherbert Hoover

    Sherbert Hoover Jr. Executive VIP Jr. VIP

    Joined:
    Dec 26, 2010
    Messages:
    995
    Likes Received:
    7,984
    Occupation:
    ORM - Branding - Content
    Location:
    United States
    Home Page:
    That's a piss-poor attitude to have. You're an adult. Get on http://reddit.com/r/personalfinance, read the sidebar links, make a budget, and fucking learn bro.

    What kind of cars and homes are you rocking where it's costing you $8500 a month?
     
  15. eyerish

    eyerish Regular Member

    Joined:
    May 26, 2010
    Messages:
    225
    Likes Received:
    133
    Occupation:
    Jack of all trades...master of bating
    Location:
    Boston, MA
    I just bought more shit and it made me lazy since I did it at a fairly young age. I'm not there now....trying to get it back. 6 Figures isn't much when you have bills and 4 kids. In Boston you are still poor.
     
  16. Cnotey

    Cnotey Power Member

    Joined:
    Jun 25, 2010
    Messages:
    713
    Likes Received:
    915
    Location:
    Seattle
    Home Page:
    This makes absolutely no sense. Maybe there's a language barrier issue here.


    I was just trying to help the OP understand that it doesn't "feel" any different to make 6 figures.

    I really don't appreciate you two slamming me. I am just trying to help OP. My personal finances are neither of you guys' business.
     
    • Thanks Thanks x 3
    Last edited: Dec 11, 2015
  17. Sherbert Hoover

    Sherbert Hoover Jr. Executive VIP Jr. VIP

    Joined:
    Dec 26, 2010
    Messages:
    995
    Likes Received:
    7,984
    Occupation:
    ORM - Branding - Content
    Location:
    United States
    Home Page:
    This was my first full six-figure year.

    Age 25, married (wife is in school, so zero income currently), expenses are usually around $3,000 per month.

    My stress level has grown. I have less free time. But we have saved for a nice down payment on a house, have several investments set up, and I have gotten to the point where I forget when payday is for my day job.

    To quote Kanye: "Havin' money's not everything, not havin' it is."
     
    • Thanks Thanks x 1
  18. Sherbert Hoover

    Sherbert Hoover Jr. Executive VIP Jr. VIP

    Joined:
    Dec 26, 2010
    Messages:
    995
    Likes Received:
    7,984
    Occupation:
    ORM - Branding - Content
    Location:
    United States
    Home Page:
    You're right, my apologies.

    Congratulations on your success. However I promise you that if you get a better hold on your finances it WILL feel different. You mention around $160K per year, that's $13.3K per month, probably around $10K after taxes. With monthly expenses around $8,500, that leaves $1,500 per month wiggle room.

    But you've got more life experience than I do. Carry on, and best of luck to you in your future.
     
  19. seogenius21

    seogenius21 Newbie

    Joined:
    Nov 12, 2013
    Messages:
    37
    Likes Received:
    2
    Makes no difference, I make 7 figure in fashion business, its a tough world, you are under severe pressure, most importantly, I like what I do, so it doesn't feels like a job, so even when I am working till 4 at night, it feels fine.
     
  20. Cnotey

    Cnotey Power Member

    Joined:
    Jun 25, 2010
    Messages:
    713
    Likes Received:
    915
    Location:
    Seattle
    Home Page:
    I appreciate the apology.

    It's about $9400 after taxes.

    Just wait until you have 3 teenage kids.....Your expenses will skyrocket.
     
    • Thanks Thanks x 1
    Last edited: Dec 11, 2015