100K A Year Lifestyle

A six-figure annual income is a dream for many. And why wouldn’t it be? A six-figure $100K annual income lifestyle consists of a car, a house, a job that pays well and has good benefits, enough leisure time to have interests outside of work, and enough savings to be comfortable in retirement.

In the United States, the overall average salary is about $50,000. The average salary in the United States varies greatly depending on what state you live in. For example, the average salary in Virginia is $62,874 while the average salary in Louisiana is $42,856. The five-figure lifestyle generally involves a rented apartment, a car and a job that pays just enough.

Keep in mind that we are talking about gross income here. This means that the take-home pay after taxes is lesser than the amounts mentioned here.

It makes perfect sense for people who earn five-figure salaries to aim for the six-figure mark given the perks that come along with it. The lifestyle changes when you make $100K a year and you get a sense of financial freedom and financial security.

The $100K Job

Earning six figures annually is not easy. In order to earn that kind of salary you have to be assertive. You have to be willing to go the extra mile if you want your company or boss to know you are serious about your work.

A six-figure job description can have many more different duties than a five-figure one, so the salary will almost always be higher.

There are many six-figure jobs out there. Here are just a few:

• Financial Manager
• Software Developer
• Ethical Hacker
• Dentist
• Data Engineer

Monthly Expenses Of Someone Earning $100K

A person earning $100K would undoubtedly be in a better situation than a person earning $50K when it comes to monthly expenses. The essential expenditures that are necessary in order to have a good quality of life include housing, food, transportation, entertainment, child care, medical care and others.

It is important to note that people earning six-figure salaries not only spend varying amounts each month on these items but also spend more or less depending on their their lifestyle and location. For example, someone living in an expensive metropolitan city like London will be spending more on their monthly expenses than someone living in a suburban area where cost of living is lower.

In a moderately priced neighborhood in a city, a person earning $100K can expect to pay

• between $1,500 and $2,000 per month in rent or mortgage
• between $400 and $500 per month for utilities
• about $1,000 per month for vehicle expenses including car loan payments
• between $300 and $400 per month for groceries
• about $200 per month for shopping and grooming
• between $300 and $400 per month on entertainment
• about $150 per month on pets

There could be more expenses depending on the lifestyle of a person. For example, a married person would have more expenses as compared to a person who is single.

What’s great about a six-figure lifestyle is that you get to save money after you have accounted for all of the expenses. This additional amount could be anywhere between $5,000 and $15,000 or more depending on your lifestyle as a $100K earner. You can use this additional amount to invest or deposit it into a savings account.

The $100K Lifestyle

Achieving a $100K lifestyle is not about the amount of money you make in your bank account every year, but what you do with that money to live an easy and fulfilling life. You can spend $30/day on food, drink and entertainment or $6,000/month on living in the most expensive parts of the world. You can choose to purchase a regular shirt from Walmart or buy one from Tommy Hilfiger.

What you do with your money is up to you. What you also do with your money defines the kind of lifestyle you will have as a $100K earner.

Many people who earn $100K or more choose to have an average lifestyle while making sure their basic needs are met. These people know that they have the money with them to buy whatever they want to buy, so they are don’t worry much when something breaks or when they are in need of something. Many others who earn a six-figure income and are single and do not have any extra responsibilities sometimes spend their money extravagantly.

The $100K lifestyle is also about building wealth for one’s future self, whether it’s for retirement, education, or personal finance.

However, one thing is for sure. The $100K lifestyle makes you confident about your financial situation and you have a greater sense of financial security. Whatever the goal, the $100k lifestyle will get you there faster and more comfortably than anything else out there.

Health And Well-Being Of A Six-Figure Earner

A six-figure salary is only great if your health and well-being is in an excellent shape. Only if you are healthy can you really enjoy a six-figure lifestyle.

Job stress is a major cause of mental health problems in the United States. The American Psychological Association defines job stress as “the negative reaction people have to excessive job demands, characterized by emotional and physical fatigue, anxiety, sleep problems, difficulty concentrating, or irritability.”

Very often, people who earn $100K or more suffer from stress and fatigue. There are many reasons why people who earn a six-figure income suffer from job stress.

There are external factors that are out of the control of the individual such as an unrealistic boss or unreasonable deadlines. However there are also internal factors that an individual may have control over such as high expectations for themselves or their colleagues. These stresses can lead to other mental health problems including depression and substance abuse.

It is important for individuals to be mindful of their own stress levels and reactions to these stresses so they can take proactive steps towards managing it before it becomes an issue.

Final Note

No matter what, the $100K per year lifestyle will always be better than anything that is less than that amount. You reach your goals faster when you are making $100K per year.

While happiness is associated with living a comfortable life as a result of earning $100K a year, there is a limit to it because studies have shown that happiness stops increasing when you reach a certain level of income. After that, you simply have extra amount of money and it is up to you what you decide to do with that money. Perhaps this is why money can’t buy happiness, but it certainly can until you are making enough to live a comfortable life.