Don’t Get Sucked Into the 6-Figure Abyss
Most people think $100K a year is the dream. For many, it may seem unreachable. Some people that are making 6-figures a year think they’ve reached the financial pinnacle and are satisfied with what they’ve got. I’m here to tell you today whether you already make $100K or only dream of it, don’t make $100K your goal—it’s simply too small.
You want 7-figures a year as a target. Whether you currently make $50K or $150K a year, you need the $1,000,000 target. I’ve said before that the millionaire is the new middle class, so I’m not just talking about having a million dollar net worth—I’m talking about you making a million dollars a year.
People who have a million dollars are mere millionaires, people who make a million dollars a year are the real millionaires.
To make $1,000,000 in 12 months requires you to pull in $83K a month. Believe me when I tell you it will be easier to make $83K a month than $83K a year. Making under $100K is hard work, isn’t it? When you start making more it’s not that you’re working 10 times longer, it’s that you’ve learned to work smarter and you’ve skilled up along the way to know how to move products and services.
Until you fix your economy, it won’t matter what the economy does. I’m telling you, 6-figures a year is a trap—you want and need 7-figures. Too many people have bought into the idea that 100K is enough, and they are still living paycheck to paycheck. Do you know how many 6-figure earners are just getting by?
As a recent CNBC article* noted, “if you are earning six figures and you feel like you are struggling, it’s not like you are crazy,” said Mandi Woodruff, MagnifyMoney’s executive editor.
“Fixed expenses are increasing at a faster rate than incomes, making it harder to live the lifestyle our parents lived .“
While that same CNBC article recommended you just cut back, I have a better suggestion: increase your income.
It’s 2017, $100K is not enough anymore. 6-figures is an abyss that makes you feel like you’re doing better than the masses of 5-figure earners, but in reality leaves you only just getting by still.
6-figures will not buy you financial freedom, and it will not buy you the kind of real estate you need (30+ doors).
I created the 10X Growth Conference to get you up from 6-figures (or even 5 figures) to 7-FIGURES.
Don’t let 3-figures ($995) separate you from your $1,000,000 ANNUAL income.
Grant Cardone is a New York Times bestselling author, the #1 sales trainer in the world, and an internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media, and finance. His 5 privately held companies have annual revenues exceeding $100 million. Forbes named Mr. Cardone #1 of the “25 Marketing Influencers to Watch in 2017”. Grant’s straight-shooting viewpoints on the economy, the middle class, and business have made him a valuable resource for media seeking commentary and insights on real topics that matter. He regularly appears on Fox News, Fox Business, CNBC, and MSNBC, and writes for Forbes, Success Magazine, Business Insider, Entrepreneur.com, and the Huffington Post. He urges his followers and clients to make success their duty, responsibility, and obligation. He currently resides in South Florida with his wife and two daughters.