2 WAYS TO MAKING 6 FIGURES A YEAR

Do you want to make six figures annually? 

For those that may not know, the annual median dual household income in the United States is $54,000. 

That means with both people working under the same household, that's their total income. 

So how do you go to a hundred thousand dollars individual income? 

There are a few ways you can go about it. The first way you can go about it is you can start a business. 

This is what I recommend all the time–if you're somebody who actually has the attributes of running a business and starting a business with a great idea. 

But let's say you don't have a great idea. You're not necessarily an entrepreneur because not everybody's an entrepreneur, and that's okay.

You can have your own different skill sets separate from being an entrepreneur, so the second option is you want to make six figures. Maybe you're making, let's say, $15, $20, or $25 an hour. 

If you're making $25 an hour, it's 50 grand a year. So how do you jump up to the next echelon? That six-figure number. Here's how you do it. 

Step one is you have to know one thing. You have to know that your employer's responsibility is not to take you from $20 to $50 an hour. 

That is not the employer's responsibility. The employer's responsibility is to make sure that you have opportunities to make that money, meaning go into different levels of the company, but that will fall on you. 

If you have this idea, "Oh, my boss should just pay me more money because they're making more money."

No. Once you understand that it is not your employer's job to make you rich, and you’re only going to make more money by taking on more responsibilities and delivering on them.

That is step two: You have to increase your skill set enough, to be able to move up within the ranks and take on more responsibility.

That gets you into that upper level that demands or pays for that income. 

For example, if you have a person doing, let's just say, data entry, and they're making $14 an hour. 

Every year, that person will say, "Well, you know, I'm working hard, and I show up every day and I don't take time off." and all that kind of stuff.

They start to think they deserve to make more just because they worked hard. 

"I deserve to make $16 an hour." You're making $14 and want to make $16? That's quite a jump for the same level of work!

The smart employer, at some point, is going to say, "Well, this job only qualifies max to make $15 an hour." or whatever it may be for that company.

So thinking you’ll get a raise every year, for the same job, is never gonna happen.

What about the people making six figures? You're probably wondering, "How are they making that much?"

They're making six figures because they have a different skill set, and they're willing to invest and become better at that skill set, and take on more responsibility.

It doesn't necessarily mean that you can't; all it means is that you've got to now invest the time and be courageous enough to take the risk of saying, "Hey, I want that position. I want to go do that job."

The employer will say, "Okay, Johnny, you want to do that job? You have to do this, and I need you to take this class, etc."

You’ll need to understand more about whatever it is, so that you can then do that job. 

If you're not willing to do that, don't complain that you're only making $10 an hour or $11 an hour. 

Nobody will pay you a hundred thousand dollars a year or more if your skillset is down in the $10 range; they're just not. No one's going to do that.

So you need to get over any idea that you're going to be at some job doing the same thing year over year, over year, and 15, 20 years later, you'll be making six figures. 

And that comes all the way back to step number one: Understand that it's not your employer's responsibility to make you rich.

And number two: it is your responsibility to increase your skillset to take on more responsibilities in your job and make yourself invaluable.

Invaluable employers will pay you a lot of money if you make yourselves invaluable. 

What does being invaluable to an employer mean? It means that they feel that they cannot operate without you.

Many people in my company make a lot of money, hundreds of thousands of dollars a year because they've made themselves invaluable. 

I love it. And I love paying people that make themselves invaluable a ton of money. I don't have any back-off on it. 

I want them to make as much money as they can make. Why? Because they're creating so much value in the business that you don't mind paying them the money because they're making the company more money. 

So step one, it's not your employer's responsibility. Step two, it's your responsibility to increase your skillset. Meanwhile, it's the employer's responsibility to ensure that they provide enough opportunity for you to continually make more money.

The responsibility of an owner and a CEO is to make enough opportunities for all their people.

If that opportunity is there for you, you can get there if you are willing to take the risk and responsibility.

That's how you get to six figures.