What does it feel like to make 6 figures

What are things you noticed that changed in your life? Did things get easier? Harder?

Did you change?

 

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.

 

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?

 

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

 

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.

 

Read this thread for example: http://www.blackhatworld.com/blackhat-seo/blackhat-lounge/751984-lonely-road-successful-imer.html
OP has a Ferrari !

 

Don't know. Didn't get there yet.

 

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.

 

Doesnt sound like good money management.

 

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.

 

..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.

 

your taxes shoot up and you start aiming for a million

 

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?

 

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.

 

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.

 

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."

 

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.

 

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.

 

I appreciate the apology.

It's about $9400 after taxes.

Just wait until you have 3 teenage kids.....Your expenses will skyrocket.