How common is a 6 figure salary?

Is earning a 6 figure income a financial goal you still aspire to? Or perhaps earning that level of income has never crossed your mind!

And if you are still asking yourself "How much is 6 figures?", that's fine too, in fact, it's a very common question.

Growing up, when I heard about a family member earning $100,000 a year, that seemed like the ultimate financial goal. It meant working hard, earning a degree from a small specific list of fields, and hopefully one day joining an elite few in the 100K club.

Earning 6 figures in 2021Fast forward a couple of decades, and the path to earning a 6 figure income is no longer so clear-cut.

Now according to Statista, there is still less than 20% of American households that bring in a 6 figure income. And while that figure may not seem the most inspiring statistic, there are now more than ever amazing new opportunities for earning an income in this higher bracket.

While earning 100K+ in the 1990s was more limited towards trained professionals like Doctors, Dentists, and Wall Street traders, 2021 is a whole new ball game.

We cannot underestimate the value of creative professionals and social media geniuses, that are paving new and interesting ways to achieving their financial goals and dreams.

New Job OpportunitiesIf the classic 9 to 5 job has never been of much interest and you prefer the creative side of things, the modern world has definitely carved a nice spot in the economy for you.

• Becoming a social media influencer can be a real career path. Earning 100K per sponsored post is not unheard of.
• Food bloggers and photographers are taking blogging to a whole new level.
• Makeup gurus hold a large space in the Youtube and Tik-Tok world.
• Youtuber in general is a career path in its own right.
• Starting an Etsy business

The career options are limitless as the power of social media can turn a business idea into a success overnight if you are lucky enough to get a viral picture, Instagram post, Youtube video, or even a 15-second Tik-Tok.

From doggy treats, custom cakes, to personalized candles, small businesses are popping up all over social media and thriving. Picking the right target niche is key and can make all the difference between choosing to not niche down.

And with the cost of goods, services and homes constantly on the rise, finding a career path where you can earn a higher income has become more and more important.

While a six-figure income once meant for many a very comfortable lifestyle, in today's day and age, a hundred thousand dollars does not even cover costs for some families. ConclusionThe path to a six-figure income may not be a hard as it once was, but it still requires hard work and motivation.

There are so many different paths an individual can take in 2021 to work towards a six-figure income.

Finding your passion is key! Work hard and you may find yourself joining that elite and coveted 20%.

Personal finance blogger and Owner of https://blueworlddreams.com