How to Make $100K a Year: The Best Jobs & Side Hustles for Earning Big
By: Danielle Pietersen | November 17, 2020
There are numerous approaches you can follow to make six figures (or even more) in a year. The most obvious option is to find and land a full-time job that pays six figures. Unfortunately, even with a college degree, most people won’t be making a six-figure income in their first year of work. However, there are some jobs that can help you start earning a lot of money once you have a few years of experience.
Top Professions That Make 100k A Year
According to this list published by Glassdoor, these are 15 job titles that have have a median salary of over $100k a year:
- Physician Assistant
- Pharmacy Manager
- Nurse Practitioner
- Corporate Counsel
- Enterprise Architect
- Software Engineering Manager
- Software Development Manager
- Systems Architect
- Solutions Architect
- IT Program Manager
- Data Architect
- Plant Manager
As you can see, medical and IT jobs pay well. Qualifications in medicine, computer science, automation, and engineering are good routes to follow.
Having a minimum of a bachelor’s degree correlates highly with having a job that pays at least 100k a year. This list only takes into account the base salary, so there a few top options like real estate agents or investment banking jobs that are missing from the list because they rely on commission.
You can make big money in entrepreneurship but it’s risky. Running your own business can easily make you more than $100k a year, but you need to do it really well to be successful. There are amazing success stories like Apple and Amazon, and so many other startups that have made it big, but for each huge success, there are a ton that don’t make it big.
If your current job isn’t paying you six figures, then improving your skillset can help you earn more. Find out which skills in your field are important when it comes to earning more, perhaps learning a programming language or moving into online business skills.
Make Extra Money
A side hustle is a good way to add to your income. There are loads of ways to make extra money even while keeping your job. You’ll need a day job that doesn’t take up all your time and energy. Making money on the side is a lot of work, but if you’re willing to put in the time, then you can start making $100k a year.
Most people find making money online is easiest when you need to squeeze extra work in around a job. There are loads of options available and many of them can be done from home in the evenings or even during your lunch break.
You will find endless freelance jobs online. Quality freelancers are in high demand. If you don’t have the skillset for specialized freelance work, don’t despair. You don’t need to be a programmer or SEO specialist to make money online. There are options that don’t even require a high school diploma or work experience. Blogging, dropshipping, or starting a podcast are all good options.
For most people, the thought of taking on a second job is just too stressful. Their jobs are hard work and their home lives already seem full and overwhelming. Luckily there are some great stress-free ways to make and save money online. Swagbucks is a wonderful site that allows you to earn money by completing simple tasks like answering surveys or watching videos online. It’s the perfect way to start making money online and you can start today.
Investing To Earn
Investing your savings in a smart way is one of the easiest ways to make $100k a year. The invested money will start growing and earning you more money. Shares, funds, and real estate are all good ways to invest extra money. The longer you can leave the money invested, the more it will grow. Small savings add up quickly. There are two easy ways you can start saving and investing today.
1. Get Rid Of Debt
Debt is costing you money each year. Use the money you make and save to get rid of your most expensive debt, like a credit card debt first. Now your money is freed up to start investing.
2. Start Saving
Have a look at your budget and see where you can save and cut. Swagbucks also has some really easy ways to save money, through things like couponing and shopping online. If you can start saving and taking control of your personal finances, then you can start investing that money. Earning a passive income from your investments is one of the easiest ways to make six figures a year.
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