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Income without context means nothing

Robert Herjavec1:23

Transcription

If you make six figures, are you well off? Are you broke? Are you rich? What does it mean to make a h 100,000?

When I started out, making $100,000 was like a pipe dream. It seemed so incredible.

So, the answer to that question is it depends where you're watching this video. If you're watching this video in India and you're making $100,000 a year, guess what? You are doing great.

If you're making $100,000 in Manhattan, you're probably paying $8,000 in rent. You're barely getting by.

So, how much money you make as income is directly related to your life circumstances. But here's the question you've got to ask yourself at this point in your life that you're watching this video. What is more important to you? Income or experience?

Because it's very, very rare you're going to make a lot of income and continue to grow your experience. If you're young or if you're in a position where you don't have or need a lot of money, you should get the job that creates the experience you need for the future so you can start your own business, create some value, and so on.

So $100,000 one is dependent on where you live and two where you want to go in.