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The 10 Commandments of How to Earn $100K a Year

Discover the ten commandments to earn a six-figure income—skills, negotiation, networking, income diversification, entrepreneurship, branding & more.

Yearning to crack the $100K earnings ceiling? 

You're not alone. 

One of the biggest goals in modern entrepreneurship is to hit the big six-figure income bracket. It's an incredibly satisfying and fruitful journey, but don't confuse it with just being a big financial payoff.

It's about the stability, fulfillment, and self-assurance that comes with it.

But making that leap can seem like a mystery. 

"How on earth can I make it happen?" You may wonder.

Let's say you're on $30,000 or even $50,000 already. You still need to ultimately double your income to get to the $100,000, and that's not even considering taxes and expenses and so on.

Relax, we've got your back! 

Welcome to the "10 Commandments of How to Earn $100K a Year". We're offering practical and actionable steps to paint your financial future with many more zeros!

Let's get this show on the road.

Commandment 1: Define Your Financial Goals


Source - Alt: A man works out his financial goals with Post-It notes and a small diary

First things first, you need crystal clear financial goals. Quantifiable goals enable focus, motivation, and progress measurement.

Start by identifying your ultimate yearly income target. Break it down into smaller, manageable monthly and weekly targets. Quantifying your goals makes them less daunting and more achievable.

But goal-setting isn't a one-time thing. Regularly revisit your goals to stay focused and make adjustments as needed. Use personal finance tools or a spreadsheet to consistently monitor progress. Celebrate accomplishments, big and small, along the way.

Rome wasn't built in a day, and neither will your income. Be patient, but start laying the groundwork now.

Success is a series of well-calculated steps away, so define your financial goals, break them down into smaller targets, monitor progress consistently, adjust as needed, and celebrate milestones. 

With focus and patience, your six-figure income will become reality.

Commandment 2: Cultivate High-Income Skills


So, your goal is set. Now, you need to figure out how you'll get there, and we can tell you for nothing that you need skills to put your plans into action.

Whether you're serving customers or businesses, you need to provide solutions to problems that people are willing to pay for. Again, to solve particular problems, you need specific skills, so what are you good at?

What are your strengths and weaknesses? What could you see yourself doing in five years' time at a high level? Wait, that idea that just popped into your head. Don't dismiss it as something you couldn't do. Don't believe that's out of your reach or not possible for someone like you.

That's the kind of mindset that's holding you back. Instead, take that idea and dive deeper.

Of course, high-income skills span a broad spectrum. We're talking about everything from coding, data analysis, and AI expertise to sales, digital marketing, and project management. The beauty of these skills is their potential to effectively turbocharge your earnings.

But how do you develop these high-income skills? 

Start identifying what skills are high-yield in your industry. Look around, do your research, and pinpoint the areas you could capitalize on.

Next, immerse yourself in learning. Online courses, webinars, books, mentorship programs – these are your tickets to proficiency. Practice and perfect your skills, then put them into action. Freelance projects, a side hustle, or even a blog can be a great start.

Cultivating these high-income skills takes time and effort. But remember, it's an investment - an investment in yourself that will pay rich dividends in your journey to the coveted six-figure income.

Commandment 3: Pursue Continuous Learning


Look at any high earner out there, and you'll see one thing in common - the relentless pursuit of knowledge. 

Yes, lifelong learning is that magic ingredient that can significantly augment your earning potential. And this, my friends, is the foundation of a growth mindset.

Those with a fixed mindset are the ones who stay stuck in life. Those who think they know everything, have the answers to all their problems, or simply believe that things are the way they are, and that's that.

Everything can change, and there's always an angle or piece of knowledge you'll miss on any topic, regardless of what it is.

On top of this, the world is in relentless flux, redefining skills and jobs at a dizzying pace. You must continuously learn, adapt, and grow to stay competitive and raise your income bracket.

Happy news - in today's digital age, education, and learning tools are rich, varied, and readily available. 

From vast online course platforms like Coursera and Udemy offering knowledge on anything under the sun, webinars, eBooks, and podcasts that host industry-specific insights, and mentors from the top companies that can help you overcome any obstacle you face, your options are virtually limitless.

Networking also opens doors for learning – participate in forums, join professional groups on LinkedIn, and attend seminars and industry-related events. These spaces not only offer knowledge but also provide opportunities to meet like-minded individuals pursuing similar goals.

Remember, your mind is a powerful asset. 

Keep it fine-tuned with the engine of continuous learning, and you'll be on your way to that enviable $100K income before you know it!

Commandment 4: Master Money Management


Ever noticed the trend of how so many people who win millions on the lottery end up being poor, bankrupt, or at least back where they started within a couple of years? This number is actually as high as 70% who lose their "rich" and wealthy status.

It's because earning more money is just half the equation for becoming wealthy and financially secure. 

The other half? Using that money wisely. 

A robust understanding of money management is paramount in catapulting you to that golden six-figure club.

Budgeting, saving, and investing - these are the cornerstones of effective money management. It's all about ensuring that your hard-earned money works as hard for you as you do for it.

Start by creating a budget meticulously tracking your income and expenditures. It's all about knowing where every penny goes. This real-time visibility allows you to manage your expenses prudently, increasing your potential for savings.

Speaking of savings, make it a habit. Aim to save a percentage of your income each month. No amount is too small when it comes to saving.

Moreover, don't let your savings sit idle. Invest! Whether it's in the stock market, mutual funds, or real estate, make your money work for you. Remember to do your due diligence and consult professionals when necessary.

Mastering money management might seem complex, but with discipline and consistency, you'll be well on your way to that prosperous financial future.

Commandment 5: Network Strategically


There's a saying that goes, "Your network is your net worth." It's not just about 'who you know' but 'who knows you.' Strategic networking can fast-track your journey toward a higher income and overall career growth.

It's a way to increase being in the right place at the right time and understanding who the key decision makers are who help you get to where you want to be, and you'll help them with what they want.

Basically, you're finding your team who helps each other win as much as possible.

The default way to do this is via networking, a chance to expose yourself to new opportunities, from learning from industry leaders, getting industry insights, landing job referrals, to even finding potential clients. 

It's no secret that a significant portion of high-earning positions are filled through referrals and word-of-mouth recommendations.

So, how do you build a strong professional network?

Start by positioning yourself in spaces where potential contacts gather—conferences, workshops, or industry events are great for meeting like-minded people. Online platforms, like LinkedIn, are also excellent for connecting with professionals worldwide.

Remember, it's about building genuine relationships, not just collecting business cards. Engage meaningfully, share knowledge, and offer help when you can. Always follow up after an interaction and maintain regular contact to keep relationships warm.

Remember, networking isn't a sprint but a marathon. With time and effort, you'll build a rich and rewarding network that will be a powerful catalyst toward your six-figure income.

Commandment 6: Diversify Income Streams


A high income isn't just about a hefty primary salary; it's also about multiple income streams. The truth is you only have a set number of hours in the day, so to earn enough to reach your goals, you need to maximize how much you're earning during that time.

If you can set up ways to earn while you sleep, then that's even better.

But this is more than just earning. This is about undertaking one of the savviest financial moves you can make.

Quite simply, diversification reduces risk.

If one source of income runs dry, others can keep buoying you. Additionally, having more than one income stream can help you reach financial goals quickly and create a cushion for unforeseen expenses.

There are myriad ways to diversify your income. Here are a few ideas:

  • Invest in Stocks and Bonds: Once you've done your homework or spoken with a financial advisor, investing in the financial markets can generate significant returns over time.
  • Real Estate Investing: This could range from rental properties to real estate investment trusts (REITs).
  • Freelancing or Consulting: Utilize your skills to serve multiple clients beyond your regular job.
  • Create a Blog or YouTube Channel: If you create engaging content, monetization through advertising, sponsorships, or digital products is possible.
  • Automate your work: If there's a way to automate part of your work, typically the most repetitive tasks, then you can save time to invest in other ones.
  • Peer-to-Peer Lending or Crowdfunding: Online platforms now make it easy to lend money directly to businesses or individuals, earning you interest over time.

Remember, diversification takes time, research, and sometimes initial capital. But with patience and wisdom, it can be the winning game changer on your path to a six-figure income.

Commandment 7: Embrace Entrepreneurship

Many of the commandments above somewhat dip and dive into how you're earning your money. It's very possible to hit the $100,000 milestone when working for a leading company and for being very good at what you do, but there are a few issues.

Mainly, when you're working for someone else, especially a large company, you're always capped at what you can achieve, and you're always against the competition of others. Miss a target here or a promotional opportunity there, and you could be set back from your goal for years.

That's why working to have at least some kind of entrepreneurship model working for you is so important.

You don't have to start a fully-fledged business that runs as your full-time job (although this can certainly be one of the best ways to hit the $100,000 mark, but it's worth growing something of your own.

Not only can this drastically increase your earning potential, but it also offers a satisfying sense of ownership and independence.

The idea for your business is your own and could stem from your passions or skills, such as freelance writing, design work, consulting, or even a craft business.

However, entrepreneurship comes with its challenges – market uncertainties, financial risks, and steep competition. To tackle these, cultivate a resilient mindset, keep learning, and stay adaptable.

Firstly, thorough research is vital. 

Understand your business niche, target audience, and competitors. 

Secondly, cash flow is king in business. So, budget and plan carefully, ensuring you always have a financial buffer. Lastly, build relationships — with customers, suppliers, and fellow entrepreneurs. 

These connections can be sources of support, learning, and collaboration.

Remember, entrepreneurship is a journey of courage, excitement, and learning. And as you traverse through, you're building a solid, personal staircase toward that coveted six-figure income.

Commandment 8: Invest in Self Branding


Building a strong personal brand is key to career success. Your brand is how you want to be perceived professionally. It helps you stand out, attract opportunities, and establish authority.

Whether you're starting a business, seeking investment, or going for a job interview, your personal branding is how you'll stand and will define how people interact with you and what you're aiming for.

Doing this is a bit experimental since everyone is different, but there are some key steps you can take to ensure you get the best results.

First, understand your professional identity and create a positioning statement. 

Then, build an online presence through platforms like LinkedIn and Twitter to demonstrate expertise. Expand your network by engaging with industry players and providing value. Authenticity and consistency are crucial. 

Align actions with your brand identity, drive value for your audience, and recognition will follow. 

A robust personal brand smooths your path to six-figure success. So, take charge of your professional perception. Build an influential brand, and abundant opportunities will unfold.

Commandment 9: Seek Professional Advice

Yes, knowledge is power, but there's another fantastic saying we should all learn to live by. It's not what you know but who you know. 

We know this can feel contradictory, but you really need to try and find the balance between the two. Learning everything you need to succeed while surrounding yourself with the people you're happy to call your tribe.

However, on top of the people around you, it's worth seeking mentors and gurus who can help with more complex guidance.

Financial advisors, mentors, and career coaches can all provide professional advice, guiding you effectively through your decisions and plans.

Financial advisors can equip you with crucial skills — budgeting, investing, tax planning, etc. They can assist in diversifying your income streams and planning your long-term financial trajectory towards higher income brackets.

Mentors and career coaches, on the other hand, offer a wealth of experience and wisdom that can help you navigate your career path. They can provide career insights, strategy, personal development guidance, and sometimes, they can open doors to new opportunities through their network.

Choosing the right professional is a crucial step. 

Look for credibility, expertise, and ethical conduct. Check for qualifications, experience, customer reviews, and professional affiliations. It's important that they align with your personal and financial goals.

Personal referrals can be a great way to find a reliable professional. Otherwise, there are many online platforms offering services with varying specializations to choose from.

Remember, professional advice is an investment in itself. It accelerates your journey towards financial prosperity, ensuring your six-figure aspiration isn't just a dream but a well-charted course.

Commandment 10: Be Persistent and Patient


And finally, the last commandment. 

In the quest for a six-figure income, the virtues of persistence and patience cannot be overstated. Reaching your financial goal is not an overnight phenomenon but rather a journey that demands unwavering determination and a steadfast attitude toward growth.

Therefore, a high income is built on continuous efforts, learning from failures, and staying motivated despite challenges and setbacks. 

The road may not always be smooth, and the climb can sometimes be steep, but perseverance is ultimately rewarded.

Patience plays an equally vital role in your financial ascent. It's essential to remember that significant milestones, whether career progression, investment returns, or business growth, often take time to manifest. 

Thus, accepting delayed gratification is crucial.

To bolster your patience and persistence:

  • Set clear, realistic goals and break them down into smaller, manageable tasks.
  • Celebrate your small wins and learn from each experience.
  • Surround yourself with supportive, like-minded individuals or mentors who can share their experiences and wisdom.
  • Cultivate a growth mindset, embracing opportunities to learn and develop.
  • Monitor your progress, reassess, and adjust your plans when needed.

Armed with persistence and patience, you can hold steadfast to your aspirations, overcoming obstacles and navigating your way towards a prosperous future and that coveted six-figure income.


As you can see, building a six-figure income is a rewarding but demanding venture that requires a multi-faceted and disciplined approach. To recap, the key principles outlined in these commandments include:

  • Constantly enhance your skills and knowledge.
  • Develop specialized expertise to stand out.
  • Negotiate assertively for your worth.
  • Strategically network and cultivate relationships.
  • Diversify your income streams to minimize risk.
  • Embrace entrepreneurship and start your business or side hustle.
  • Invest in self-branding to make a lasting impression.
  • Seek professional advice to navigate complex choices.
  • Practice persistence and patience for sustainable growth.

It's essential to note that no single commandment supersedes the rest; they all contribute uniquely to your journey. By diligently working on these principles, you'll gradually create a stable foundation for a prosperous career and thriving financial landscape.

It's time now to embark on this transformative path, taking responsibility for your own financial destiny. Stay persistent and be patient; with continuous efforts, boundless opportunities await you. 

The six-figure income you aspire to, a testament to your growth and hard work, is well within your reach.

Ready to kickstart your journey towards a six-figure income? Boost your success with personalized guidance from Mentorcruise's expert mentors. 

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