Full time !! $1,000 a month .... oh great ...

[MaddenGeneration]

I wonder who will win this challenge.

[Charann Miller]

$1,000 can make a difference in a lot of people's lives, granted not enough to live on but if you asked most people if an extra $250 a week in disposable income would help ease some of the financial pressures, you bet it would.

So I think it comes down to perspective, for some it's pocket change, for others life changing.

[brettmwindmann]

I agree that it really depends on which country you live in. I do not believe anyone could live a comfortable life in the USA for 1,000 bucks a month. That would be extremely difficult.

I think 25k-30k a year would be the lowest a person could earn and still live a decent life. But everyone has different likes and dislikes and if they feel they could make it on such a small amount of money then more power to them.

However, 10-15k a month range is where I feel comfortable.

[drmani]

Originally Posted by Scott Ames

Everyone has in their head what a "full time" income means to them. When I see people that are full time and they make about $1,000 a month or so, I'm not excited.

Way in the past I could have lived off of that, but now it doesn't even cover my spending on toys.

I guess it all depends on your lifestyle, debt, expectations, and wants.

Yep.

My own lifestyle fits well within $1,000 a month - but it is not lavish.

Also, I don't get excited about $1,000 - until I realize that it is enough
to fund a child's heart surgery (with the subsidy we now get from our
State Govt.)

So, yes...it all depends

All success
Dr.Mani

[MJGrae]

Lol dear god, what I wouldn't give to be making 1k a month online. But, I just turned 18 and all so I haven't had any sort of real income higher than 700 a month from a partime job, hahah.

[Bruce_Richards]

1k surely would not be enough for me

[kfilliez]

Everyone sets their minimum income to what would allow them to survive. I live in San Diego area and $1000 won't cut it in this little paradise if i was alone. But, if hubby works full time and I could make $1500 a month from home, then goodbye day job....

With high taxes, long commute and daycare costs in san diego...it is starting to seem ridiculous to go to work across the county. Stay at home and save the extra money on commute and daycare alone really starts to make more and more sense as prices for gas and services increase.

That is why I'm online. I'm trying to transfer my sales and marketing experience in the outside world to the internet world. Many people, like me, don't need to make as much money from home if they can cut a lot of the excess costs out of life. It's actually amazing how much money is wasted in going to a day job....my hubby and i added it up... I don't suggest you do that, you'll just get depressed.

Good Luck To All!

[GarrieWilson]

Originally Posted by DogScout

wouldn't they ding the SSI

Depends on how he works it.

You are allowed to make a % if on SSI/SSA. And you can claim expences for parts, file pass plans and other stuff.

[jan roos]

Originally Posted by Sirago

30k/yr? I need out of CA..

No ****! CA is raping us

[acrasial]

Centrillionaire would be bigger. Screw millionaire or billionaire! Become a centrillionaire!

[brchap]

Reading this thread makes me want to post an affiliate link to some Dave Ramsey books or something... Wow.

[johnsamuels]

Originally Posted by Billy Rey

Yes! I agree with you completely.

At first when I was earning around 400 a month, I just invested it back and grow it did.


this is a nice thread Scott!

Everyone goes on about mindset etc with regards to generating good income, I think it is as simple as reinvesting your profits till you reach substantial and regular passive earnings.

[dariuszszyc]

There are people who didn't make even 2$ a month with IM.
So I guess that 1000$ would be something huge for them.

I think that 1000$ just from IM is nice, but for a normal living - not enough.

[Ursa Anzur]

The average salary In Slovenia is about $1500, so a lot of people and families live off $1000 a month. They struggle every single month. The prices for everything are similar to Great Britain, Germany, France, where the average salary is at least twice higher as ours.

I had an even lower salary in my day job - around $600 a month. I was literally running the whole business myself for that money (customer support, orders, stock, accounting, etc.). After a year, I was fed up and quit that life sucking job with no real plans on how I'll replace that income online. But I had to leave, before I went crazy.

Fortunately, I live better than 50% (if not more) of our population now.

So, yeah $1000 may not be enough for the grocery bill in many countries (it's not even enough for my mom's grocery bill , but she has a nice salary), but a lot of people here would give anything to earn that much these days.

Just yesterday a Slovenian magazine released a list of top 100 most "wealthy" people - the wealthiest man here is someone who has around 340 million euros. There are no billionaires here. Yet .

[aminjohar]

$1000 a month, not enough. I need $1500 to survive in Internet Marketing right now.

[Kelly Verge]

Originally Posted by brchap

Reading this thread makes me want to post an affiliate link to some Dave Ramsey books or something... Wow.

I wholeheartedly agree.

Several years ago my household income was well into six figures. After a serious fall and a divorce, I quickly learned what was "needed" and what wasn't.

Here's a hint: you don't "need" the Excursion/Tahoe. Nor do you "need" 9/10 of the things you put of your credit cards or half of what goes into your grocery cart.

Chris Rempel would survive if his business were to suddenly fall flat (he sounds as if he's actually working a plan). I wish I'd had the forethought and discipline he has back when my income was significantly higher than it is today.

Now as to Scott's OP, I'd have a hard time making it *only* on $1K from IM. However, once you have a working system, it can be duplicated and ramped up. $1K + a part-time job would allow that if one were frugal.

[lakshaybehl]

For some $1K/month is a lot.

I have many friends that would love to work 10+ hours a day for that kind of money.

What's 1K for you is 5K for us Indians when you think about Purchasing Power Parity of the rupee. Most things that are inmade are 5 times cheaper.

Not that $1k would send my blood soaring either... Just been trying to put some things into perspective. When I joined IM, I was already making $4K/month or more in a part time coaching job. I was a freelancer, but did it pretty regularly.

Now...When i started IM, I thought if I could spend less than 1 hour/day and make $1K/month, then it'd definitely be worth my while.

-Lakshay

[JackPowers]

It's all relative..

To many people around the world $1,000 is considered top 10% earnings. In other countries it's wellfare and barely enough for a roof over your head and food in your stomach.

Here in Thailand, the minimum wage comes out at around $150 a month and a university professor makes $500. Hardly any wage slaves make $1,000 here, those that make more are already rich.

To live in a city like Copenhagen or London and have the same standard of living I would probably need $5,000.

[mikemcmillan]

I hear ya Scott. There is some kind of business principle thingie that says, a job (task) will expand to fill the time alloted to do it. Know what I mean? Income and expenses are like that. If you make 500 large a year, you can easily be behind on bills just as much as the guy making 20k a year. Your spending can easily expand to fill the income parameters you have.

Everyone thinks it's the guys making 10k a year that file for bankruptcy. Some do, but NEWSFLASH, there are tons of doctors, lawyers, CPSs, 100k-a-year Internet marketers and professional types that do too. It's called living within your means.

HOWEVER, (and I absolutely love this quote) in the David Mamet movie, The Spanish Prisoner, Ricky Jay's character--a con man--tells Steve Martin...

Living within one's means indicates a certain lack of fiscal creativity.

I don't advocate that, but I do love the quote!

[JohnMcCabe]

How does that old proverb go?

$1.00 in, $1.01 out, you're broke.
$1.00 in, $1.00 out, you're treading on thin ice
$1.00 in, $0.99 out, you're rich.

Depending on your location and situation, I believe most of us could survive on $1,000 per month if we absolutely had to. It might not be fun, but we could do it. And for some people, they would rather survive on the $1k a month than face the job they're letting go. If that's their choice, more power to them...