5 Things All 6-Figure Earners Have In Common
Is your dream to earn a 6-figure salary?
Don’t be jealous of those who are doing it!
Instead, look at the list of companies that has the greatest 6-figure salary earners, and learn what those people do that sets them apart!
Forbes’ top ten list of companies with the greatest number of six-figure salary earners include:
- JP Morgan Chase
- Microsoft
- HP
- Amazon web services
Aside from earning a 6-figure salary, being affluent is also a matter of intention and perseverance.
Here’s what those who earn a 6-figure salary all have in common:
1. They Have a Sense of Self Control
Financial dependence is a skill most of us have yet to master.
You would think that just because you have a 6 figure salary, you can splurge without having to look at price tags.
Beware of small expenses; a small leak will sink a great ship.” – Benjamin Franklin
Believe it or not, a Sun Trust report reveals that at least a fourth of 6-figure earners are still living paycheck to paycheck or are in danger of not having saved enough for retirement.
Budgeting is key to managing your savings.
To maintain a more stable savings account, cut down on impulse buying.
Shopping sprees may be fun, but those material things probably won’t last you long.
2. They Started Young.
In our childhood, we all wished to have an in-home McDonald’s like Richie Rich.
But this isn’t what experts mean by starting them young.
“Teaching kids how to handle money is about more than dollars and cents. It’s about character and responsibility.” —Dave Ramsey
Not all of us were born with a silver spoon in our mouths.
University of Cambridge researchers revealed that by age 7, kids’ money habits are already forming.
Mold them into a miniature Warren Buffett by incorporating money-savvy tips into everyday routines.
Teach them how to choose how and when to spend their money.
By giving them their own spending money, you teach them how to control where their money goes.
If they buy a toy impulsively and don’t have any left for the book they’ve been saving up for, they experience the consequences of overspending firsthand.
3. They Know How To Be Frugal Even With a 6-Figure Salary
Of course, they set aside money for necessities, too.
Mark Zuckerberg drives around in an Acura, and Warren Buffett lives in a $30,000 property he’s owned for years.
Like most of us, they pay rent, too.
“There are people who have money, and there are people who are rich.” – Coco Chanel
As drivers and responsible citizens of the country, they, too, invest in a backup plan for auto and life insurance.
But with aesthetics like outfits, successful people would rather not dwell too much on their outfits and appearance.
6-figure earners know there are bigger decisions than picking out their #OOTD.
The same goes for their lifestyles.
They might have almost a million or more to their names, yet they choose to live humbly.
Look at Steve Jobs and Bill Gates, for example.
If not for their multi-million dollar companies, the next thing they’re most known for is their iconic, repetitive choice of outfits.
4. 6-Figure Earners Set Aside Time to Read
Reading is a form of consistent learning.
If you’re earning a 6-figure salary, you might as well spend some of your income on books written by other experts.
“Don’t let money run your life, let money help you run your life better.” – John Rampton
It’s already a given that the most successful leaders and inventors always made time for reading.
During their leisure time, the books they read revolved around business, personal growth, or motivation.
Successful business people should be open to suggestions and advice to help them grow as leaders.
To become a millionaire, you’d have to think like one, too.
5. 6-Figure Earners Give Themselves a Break
Or take some time off.
Nap.
Reset.
Call it what you want.
They temporarily detach themselves from their work.
“A wise person should have money in their head, but not in their heart.” – Jonathan Swift
Hard work is good, but being consumed by money will only make you yearn for more.
Even 6-figure salary earners need a break.
So no matter how much you love your job, taking a few days off shouldn’t hurt.
Most millionaires are made, not born.
You’d have to go through at least one job you hated to reach your best potential.
“Only buy something that you’d be perfectly happy to hold if the market shut down for ten years.” – Warren Buffett
Let us know your thoughts on other things 6-figure earners have in common using the comment section below.
