Career Change | How to Get a 6-7 Figure Career

Explain how salaries are determined by supply and demand in the labor market. Show that wage levels rise where demand exceeds supply, not by job importance.

Analyze how salaries hinge on supply and demand, with restricted physician supply from licensing and immigration limits, and union influence shaping pay in fields like pilots, teachers, and software engineers.

Leverage supply and demand to boost your salary by pursuing roles with restricted supply and high entry barriers. Focus on booming fields and licenses, while shaping scarcity perception.

Specialize to become irreplaceable, creating a monopoly and commanding six-figure pay, then use referrals and recruiter connections to bypass applications and advance.

Identify markets where demand exceeds supply to build products with ready buyers. Use tools like Google Trends, Google Keyword Planner, surveys, and test ads to gauge demand before building.

Choosing where you live significantly affects your earning potential, with North America offering higher total compensation for management roles than other regions, based on NCR and Glassdoor salary comparisons.

Position yourself in high-paying locations, industries, and departments to maximize earnings; follow Porter’s distinction between strategy and operations to achieve success with deliberate positioning.

Sales opens a high paying path to a six-figure career for people with strong people skills, willing to learn, adapt, and handle rejection in lucrative business-to-business roles.

Explore the six factors of persuasion—reciprocity, scarcity, authority, consistency, liking, and consensus—and learn how to apply them to land a job or close a deal.

Negotiate with a clear priority list, focus on valuable concessions like vacation or remote work, treat the deal as a package, and use best alternative data to reach win-win agreements.

Leverage economies of scale by moving management to amplify output and impact. Develop customer captivity and government privilege through internships, leadership programs, and licenses to boost negotiating power and salary.

Choose well-paying fields and licensed professions like law, medicine, or engineering; formal education remains a reliable path to a high six-figure salary, with Harvard business grads earning about $135,000.

Compare international options to American universities, noting high competition, costly tuition, and the appeal of free or discounted education in Norway or Canada, with prestige from Oxford or Cambridge.

Focus on your goal and follow the path of least resistance to reach it, using binary thinking with success hacking to stay goal-focused and flexible in how you get there.

Leverage free resources like public libraries and Lynda.com to build data science skills without cost, and network on LinkedIn to seek guidance from those in the role.

Go to where the competition is weak, don't trade money for prestige, and follow the money by finding your niche in consulting beyond brands like McKinsey.

Examine the tradeoff between high median salaries in professional careers and the chance of extraordinary wealth in entertainment, sports, entrepreneurs, investors, and writers, and assess which path matches your motivation.