How Much Is 5 Figures In Money

What is a "Figure"

You've probably heard someone say that they "make five figures" or "make vi figures" and wondered to yourself "how much is v figures? How much is 1 figure? That doesn't sound similar a number to me!"

I'll cut right to the hunt: a "figure" is simply a digit. Or rather, a effigy is the number of numbers in the number. For example, 2000 is 4 figures. Nosotros can count them like this:

The first number is 2; second number is 0; third is 0; fourth is 0.

ii 0 0 0.

100,000 is 6 figures because it has 6 numbers in it:

Some more examples:

• 25 is 2 figures because it has 2 numbers in information technology (2 and five)
• 430 is 3 figures because it has 3 numbers in information technology (iv, 3, and 0)
• 9874 is 4 figures because information technology has four numbers in it (ix,viii,seven, and 4)

How Much is five Figures?

So, when someone says they make 5 figures, that means that they earn five digits of money (usually, it means they brand that amount in a yr).

The smallest 5 digit number is 10,000. The largest 5 digit number is 99,999. That ways that if someone makes 5 figures, they are making anything from $x,000 a year to $99,999 a year. Of course, the way that they count their income can differ. They might be just talking about their W2 income. Or they could be including extra income from other activities similar investing / side hustles. MOST of the time though, when somebody says they brand 5 figures, it refers to the money they make from their work salary.

v figures is a pretty large range. In fact, MOST jobs at the entry-level will land you lot inside that bracket. SO and so how much is 6 figures? or seven or 8 or 9?

How Much is 6 Figures? (and more than)

If we utilize the same thinking to six figures, nosotros can determine that 6 figures is anything from 100,000 to 999,999.

At the low end of the spectrum, 6 figures in money can't fifty-fifty buy you a firm. But on the loftier end of the spectrum, 6 figures can be shut to one million dollars!

Likewise, seven figures is anything from $1,000,000 a twelvemonth to $9,999,999. Here'due south all the ranges from 1 effigy to 9 figures:

• i figure: ane – 9
• 2 figures: x – 99
• 3 figures: 100 – 999
• 4 figures: 1,000 – nine,999
• 5 figures: 10,000 – 99,999
• 6 figures: 100,000 – 999,999
• 7 figures: 1,000,000 – ix,999,999
• eight figures: 10,000,000 – 99,999,999
• 9 figures: 100,000,000 – 999,999,999

Jobs That Pay Six Figures

In case you lot're curious, hither are some well-known jobs that pay over six-figures in bacon:

• Primary Executive Officers (CEOs usually make over $100,000)
• Hedge Fund Managers
• Doctors
• Influencers (depending on how successful y'all are)
• Investment Bankers (they need to merchandise their soul though)

Where Do You Stand Compared to Guild?

And so if you make 5 figures, how exercise you compare to the rest of society?

Well, here'south a table breaking downward the U.s. household income percentiles for 2020:

This shows that if your household makes $23,000, you're doing better than 25% of other Americans. If your household makes $75,000, and so you lot're doing better than 75% of Americans. And if you brand over six figures ($125,000), y'all're basically doing improve than 90% of Americans.

If you brand "5 figures", y'all could fall anywhere from the 25th to the 75th percentile… in other words, y'all're pretty average.

How to Get From 5 Figures to half dozen Figures

At this point you might be wondering "how do I make more than money and bump my five figures up to six figures?"

The primal is to take on as many office-fourth dimension money-making opportunities as you can, meet which ane sticks, and capitalize on it. Then, once you've started gaining some traction and make extra cash, invest the profits so they tin abound and snowball. Do this and you lot'll be making six figures in no time.

A few ideas for you to earn extra money are:

Become a Freelancer

To freelance merely means to do work for multiple companies at the aforementioned fourth dimension. As long as you have an interest or talent, yous can exercise freelance piece of work.

Amazing at social media? You can freelance for companies who demand aid with their marketing. Great at playing the guitar? At that place are people who will hire you to play certain riffs for them. Have a knack for writing? You could write blogs and manufactures for websites and they'll pay you for it. Some websites to check out if y'all want to offset a freelancing gig are:

• Upwork
• Fiverr

The beauty of freelancing is that if yous're successful, you may be able to plow your side income into a full income!

Showtime a Blog

The process is dull, only once upward and running, a web log is a great way to earn some passive income. With an established blog you can command many sources of revenue:

• Affiliate marketing (you lot market place certain companies' products on your website and receive a cut of all sales you're responsible for)
• Online courses / ebooks (sell a course/ebook about something you lot're deeply knowledgeable in and use your blog every bit a marketing platform)
• Advertisements like Google adsense (many companies will pay lots of money for you to mention their products in your blog posts or even to have their banner on the side of your website – otherwise known as monetization)

Blogging is definitely not a get-rich-quick kind of thing. Only it IS a fashion to potentially brand money from domicile and get paid to exercise something you love (if you honey writing).

Kickoff Your Own Business

Honestly, the best way to make a lot of coin is to start a successful business. The key is to detect a need that isn't really beingness met, and so fill it better than anyone else. Some easy ideas to implement are:

• Tutor students in the neighborhood and growing it into a tutoring business organization
• Babysit kids of parents you know and growing information technology into a babysitting business organisation
• Get a successful proofreader and taking on proofreading clients

The businesses that you could get-go are endless. Yous can even practice something as uncomplicated as grabbing someone's groceries for them, charging them a fee, then using that money to rent even more than people to grab groceries. Before long enough, you'll realize that you have a full-scale business under your belt.

The benefits of starting a business are:

• Brand some extra money and have a source of income not fastened to your total time job
• Freedom from the 9-5 work hours
• The feeling of accomplishing / edifice something

The drawbacks:

• A lot of businesses neglect before they're assisting
• You might need to put in a LOT of work for it to be successful
• You might end upwardly lonely

Some More Ideas to Save / Chip Away Some Money

If you lot're unwilling to practise anything as desperate as starting a business or a weblog, there are however ways to save money and brand some quick greenbacks that could do good you. Some ideas:

• Get an Uber or Lyft driver in your spare time
• Use apps similar Acorns to invest your money without yous fifty-fifty realizing information technology
• Sell some of your used stuff on Shopify
• Accept online surveys on survey sites that pay you to exercise and so (Swagbucks and InboxDollars)
• Practice some graphic-design for small businesses on the side
• Drop-shipping products and receiving a cutting

Quick Recap

If you've ever wondered "how much is 5 figures" and then wonder no more. In this mail nosotros've covered what exactly a effigy is (a digit), the ranges for each figure's salary, and how y'all can bump yourself up from earning a five effigy income to a 6 figure income.

If you scrolled all the way down here just for the quick answer, then v figures is simply anything from $10,000 to $99,999 so if someone says they "earn v figures" and then they brand anything within that range.

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Thanks for reading through this postal service revealing how much is 5 figures and thanks for following forth! If y'all're a Canadian Educatee, check out the Ultimate Canadian Pupil'due south Guide to Personal Finance! If you want to exist financially costless sooner, check out this page here! To learn more most me, head over to this link hither. If you want to get exclusive updates and tips, drib your e-mail in the "get updates" box (might have to ringlet upwardly a scrap.) Let me know your thoughts and suggestions in the comments!

Jeff is a Harvard 2025 educatee passionate about making smart financial decisions both in school and in the workplace so that he can spend more time doing what he loves (like playing golf, spending time with family unit, and travelling). He has experience working in the financial industry and enjoys sharing all things personal finance, academic, and golf-related. Outside of blogging, he loves to cook, read, and golf game in his spare time.

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