Let's do some math if you want to earn a hundred thousand dollars a year then
you'll need to earn a bit more than eight thousand dollars a month and quite
frankly that's a decent amount of income for one person to generate but this
isn't to say that it can't be done in fact millions of people have attained
and surpassed that annual income figure the real question you should be asking
is how and in this video i will share with you five ways to make a hundred
thousand dollars a year and if you're new to the channel then hit the
subscribe button below for more life-changing content method number one
good education and a high-paying job if you're not up for the entrepreneurial
side of life then the only way you can earn a hundred thousand dollars a year
is by securing a high-paying job there's a wide variety of high-paying jobs for
graduates regardless of the degree you hold however you must choose your career
wisely and pursue the required degrees not surprisingly the highest paid jobs
you will find require at least some sort of degree and a decent amount of
experience let me share with you a few examples with the first being the role
of a chief executive officer or ceo ceos have a duty of overseeing all
departments in a company it is their job to set strategic goals make tough
business decisions monitor business budgets and report to the board of
directors such an important job requires one to possess a bachelor's degree in
business or any other business related degree as you can imagine being a ceo of
a company is no easy task which means a candidate must have a significant amount
of working experience in the field becoming a ceo of a company is not easy
you'll have to work your way up to the top and this will take years there is an
exception to this rule though you can attain the title of ceo in an instant
but that is only if you start your own company top paying industries for ceos
include manufacturing telecom science and medicine and a ceo salary within the
first five years of that position can range from 120 000 to 150 000
after 10 years it can go as high as 200 000 per year or more however if leading
a company isn't for you then you can consider a more technical job like a
computer and information systems manager this position requires a holder to make
sure the technological needs of the company are not lacking it is also the
duty of the holder to make sure the employees are well equipped and trained
to carry out their tasks supervising maintenance software and hardware
installation and network security are also part of their job description to
apply for this position applicants must have a bachelor's degree in it or
computer science a significant amount of work experience is also required within
10 years of work experience holders of this position can earn up to 120 000 per
year one final example is the role of a pilot it doesn't matter if it's military
choppers charter planes helicopters or commercial jets a pilot's job is a very
delicate nature as they are entrusted with the safe transportation of people
and cargo across the sky from one region to another as part of their job
description they are responsible for absorbing flood conditions checking the
safety of the plane communicating with air traffic control as well as co-pilots
to become a professional pilot you must train for and obtain an airline
transport pilot certificate a bachelor's degree is also required pilots earn up
to 69 000 per year within their first five years at work but start to earn
between 110 and 130 thousand dollars per year after the first 10 years on the job
as you can see there are plenty of jobs that you can obtain that will have you
earning a hundred thousand dollars or more strictly through salary however
these jobs often take a lot of time climbing the corporate ladder and can be
exclusionary if you cannot afford to obtain the education and training that
is required to hold these roles it's for this reason that i will now share the
second method of earning six figures a year
method number two a good job and a business another way to hit the hundred
thousand dollar per year mark is to start a business while you are still
employed at your nine to five job you can use some of the money saved from
your salary to start your small business the amount you need as capital will
depend on the kind of business and if this idea appeals to you but you have no
money saved to fund your new venture then i recommend you form a savings plan
today now depending on your passion or skill there are various businesses you
can start while still retaining your day job one option is fashion design the
good thing about this business is that you can make your clothes after you are
done with your regular job for the day and you can start small if you don't
have a lot of upfront capital just buy a sewing machine make your clothes upload
pictures on your social media platforms and interested individuals may contact
you to design for them another popular side business is fitness training if you
have a passion for training people on how to keep fit then you might want to
consider this you can train your students on evenings and on weekends or
whenever else you find yourself with free time the key to marrying a job in a
business is to ensure that you are passionate about the business you create
chances are you will have to work eight hours a day fixated at your job and you
will need your passion to energize your efforts when it comes time to build your
business method number three a good job and asset
management having long-term investments is the true key to financial freedom and
wealth long-term investments include real estate and dividend stocks getting
into the real estate or stock business will require some capital of course and
this is where your salary comes in if you're interested in real estate
investing then you would need to provide a twenty percent minimum down payment of
the value of the property as most banks require this means if you're looking to
buy a property worth a hundred thousand dollars you'll need to make a twenty
thousand dollar upfront payment with proper planning and good savings habits
you'll be able to raise the upfront payment by saving a percentage of your
salary every month during my own quest to buy a home i would send 10 of each
paycheck into a home savings account and i ensured that any windfall i received
was also included in my home savings efforts then once you own the home it is
time to make it earn you some income if you are living in the home this will
include renting out a room on the contrary this property could be used as
a rental unit and every time you collect rent you are moving yourself one step
closer to earning that a hundred thousand dollars you desire when this
rental income is combined with a decent salary there is no reason you can't be
earning at least a hundred thousand dollars a year the same goes for
dividend investing by building up a large enough holding your quarterly
dividend paid checks when combined with your salary should be able to help you
crack the six figure mark method number four running a business
while the previously mentioned combinations of getting a good education
and a high paying job can make you a hundred thousand dollars a year there is
another viable means to make a hundred thousand dollars and that is running a
business think about it the richest people in the world all run businesses
you can begin your journey to such wealth but you have to realize that it's
a gradual process to be a successful entrepreneur your business must be able
to solve a problem or many problems also you must provide quality goods or
services a very competitive prices if your business is able to do this then
you'll be on your way to earning up to and likely even more than a hundred
thousand dollars per year method number five a good job and freelancing the
final way and the one i recommend for most people to earn a hundred thousand
dollars per year is by combining your day job with a freelancing job for those
who do not know what freelancing or freelance worker is allow me to explain
a freelancer is someone who has a specialized skill
but does not work for one employer or company a freelancer renders his or her
services to multiple clients allowing them to vary their projects and
diversify their income the good thing about freelancing is that you have no
set work times as is typically demonized in the nine to five work structure what
this means is that you can go about your freelancing work after you are done with
your regular job the reality is that many individuals live off freelancing
income alone but for those who already work a 9-5 job this extra income can be
the key that unlocks their six-figure salary let me share with you a few
examples of freelance jobs you can combine with your regular job with the
first being writing this is one of the most popular freelance jobs in the world
there are many forms of writing you can take up these include product review
writing informative articles copywriting ebook writing fictional writing
entertainment writing etc to give you a more detailed example writing an ebook
for a client can earn you as much as 10 000 depending on the book's length and
required effort as for articles product reviews and other blog posts can earn
you up to 33 dollars per hour next is graphic design graphic design is another
freelance job you can take up to increase your earnings if you have the
skill then you could be responsible for making all sorts of digital flyers for
businesses as well as cover designs for ebooks albums wedding invitation cards
business logos and complimentary cards there is no fixed price for graphic
design and work as everyone can charge as they see fit however you can make as
much as three thousand dollars to design a single business logo the better your
work is the more recommendations you will receive hence you will be able to
charge higher fees sadly not everyone possesses a skill
that they can simply go to the market with and start making more money simply
put we all possess skills but not all of them have as much value on the open
market in fact for a long time i wanted to increase my income but had no idea
where to start clearly work was not going to give me a huge raise to allow
me to earn six figures so i had to find another way and now that i have i want
to share my wisdom with you this is why i created the side hustle success course
where i show you how to build a freelance site house from scratch that
you can use to earn at least a thousand dollars a month and succeeding with this
course requires no prior experience as i walk you through step by step exactly
how to scale up to a thousand dollars or more a month and unlock the newfound
financial success that comes with making more money if this sounds like it's for
you check out the link in the description for more information on how
you can join the side hustle success course today hey it looks like youtube
thinks this next video is the one that will change your financial life forever
give it a watch and let's see if they're right