If you were making 6 figures a month, how different would it be?

once you start making $100k you want $200k.. then you want 500k then 1Million

If you stop and be content with what you're making, then that's what you' and your biz is worth. Just you keep being hungry for more, your competitors have to keep up with you or else they lose.

That's funny, Mukul. I live in the burbs right now and plan on moving downtown

If I made 6 figures a month, I'd probably spend 6 months out of every year traveling (or at least doing something unrelated to 'work').

More money means more freedom.

More freedom means more quality time with family.

More quality time with family means more smiles.

More smiles means more fun.

So yeah Life would be more fun with 6 figures a month.

I read an article today about Bob Bernake, chairman of the federal reserve. He was speaking at a college graduation ceremony, and said that the more money you make tends to wear off after awhile. Without going into too much detail, he basically said that when you reach a certain point, it's fun and all in the beggining, but after awhile it loses its appeal.

I think the people chasing the 100K a month dream focus too much on how it could improve their life, without really thinking about what can improve your life. I mean really, lets be honest, money can buy you alot of things, but in the end if your not happy with what your doing (that includes internet marketing or anything else), then no amount of money will satisfy you.

Case in point, I live just outside West Palm Beach, FL. There is probably more millionaires in the area that i live in than most places in the US. Honestly, every time I walk around the publix on a grocery run, I see so many miserable jerks. I mean, they are driving around in lexus' and BMW's, wearing flashy jewelry, live in 10th floor condo's overlooking the ocean, and THEY...LOOK....MISERABLE.....As if they were dirt poor and had nothing going for them.

And here's me, drivin my beat up 1999 pontiac grand am, living in a 2 story condo with my girlfriend, and I'm happy as a pig in Sh&t.

Sorry for the rant, working on my second glass of wine

Thanks for the responses.

I think people mix time freedom and money up. Last year we traveled 3 months, I dont need to make 100K a month to do that. I would have spent more time and made more money, but its a choice!!!!!

Time freedom is on how you run your business.

Steve, glad you are happy, that is how it should be

Curtis, well we have enjoyed the young life in a busy area, the family life coming soon, so we are moving to the burb

Cheers,
Mukul

Probably go on holiday!

In all seriousness, what Fernando Veloso said, more fun in my life.

Well, it'd definitely speed up the whole no-fun-but-necessary investments process so I could just get it overwith. House and car? Done. Kids' college tuition? Paid for. Retirement? More than enough for not only a cushy retirement, but I know my kids' futures would be taken care of after I'm gone.

I'd likely spend more time traveling, and shopping for expensive clothes/toys. I am a shopoholic at heart - with expensive taste. That need must be fed! Other than that, what do I do all day... play games, write, read, do artsy stuff, watch House - that won't really change no matter how much I make >

It's proven that money doesn't change people nor their habits. Social studies have proven that upon studying people who won the lottery.

The money rush loses its appeal within the first year apparently, and then you're left with whatever you are at the core: if you were miserable with your standard 80k/year job, you'll be still miserable if you hit it rich. The only difference is that you will be miserable in a Porsche instead of a Toyota, that's all.

Conversely, if you were an optimistic, out-going and fun-loving person before, you'll still do fun stuff if rich. But now instead of going for mountain hikes just out of your town, you'll go to the Swiss Alps.

So I guess the moral of the story is that, at the core, money won't change you much.

I'm not a millionaire, but few years ago I was literally broke (at one point I had $45 in my bank account). Now I make a comfortable living. Have I or my life changed much? not really, to be honest. I just get to go out for dinner without having to worry about whether I'll have enough left to pay for the rent at the end of the month, that's all.

If I made 7-figures per year instead of 6-figures, I'd be crafting very carefully an upcoming retirement plan. I don't intend to become ever a super-millionaire. As soon as I hit a two or three millions on my account, I am out of here for good.

Donate it all to charity and start from scratch again...that's where all the fun is!

~Dexx

As I make more money it just lets me help more people I care about. I've often been in nice places with enough money and thought that no amount of extra money would actually make any difference to me in that moment. But I do always come across people that need help and my spare money always goes, so having more just means I have more to give away when I see people in real need.

I know that's not a very 'business' answer but it's what I've found to be my reality so far.

Of course that also means that no amount of money will ever be too much either so making more is always a good idea.

Andy

People that just have to spend (waste) their profits are doomed to end up back at the poor house. Save for a downturn and invest wisely. Then if you have some spare blow it on a luxury or 2 realizing it is money down the drain.

YEP.....that's pretty sad actually. you have to watch out for "greed" Where do you stop? $500,000, $1M+, $5M......I have sen misreable peopel because they did not crack $2m profits.....Get a reality check. Creating wealth to simply buy nicer cars, big homes etc....is a path you do not want to take.

Let's see:

1

And is this what you have done Dexx or are you taking the p***?

I am just starting in the Internet Marketing business, and making 6 figures a month is not even in my thought patterns yet. Im still working on $1 a week. Have to start small, and work my way up right?
Well, if I was making 6 figures a month, I would pay off my school loans. Pay off all my other debt. Help my parents finish paying for their house. Then I would outsource as much as possible so that I wouldn't have to work as hard, giving me more time to spend with my son.

Here's what I would do if I were making six figures a month:

1) Buy real estate .. The risk level for this type of investment is low if you're buying it to rent out. if I can buy real estate that guarantees me somewhere between 4 to 6k a month I'd be happy. I'd even hire a property management company to manage my small estate. (This would be my fallback.. )

2) After dishing out for all that property. I'd start spending a chunk of my profit in outsourcing as much of my business as possible.

3) I'd probably spend a few K's a month in charity. Trust me.. the amount of gratitude you get from a poor person when you give him money is overwhelming. It just makes your day.

4) After I get my current busines on autopilot.. I'd probably start another company. A new business. I know a ton of you would want to retire in the Bahama's for eternity.. but I think it'd get boring after a while. Starting a new business keeps your juices flowing...

Im off to call my dreams.. I'm tired of following them. I'll just see where they're heading and catch up with them later

Just make sure you have a good reason why and a massive intent then you will be unstoppable.

And

Dont compromise, for anything!!

It would change my plans BIG TIME.

Since i would have many more people working for me. My work would then rather be delegation and give them projects - at the monent i still do A LOT myself. And i also would relocate to somewhere sunny

Who cares how "expensive" something is. Its not a criteria. And i might want to move to southern spain - but NOT marbella. Because i dont think that everything around me being "expensive" would actually enrich my life, AT ALL. It might actually annoy me

Once you get to 100k then its just a game to see when you can double it. As far as lifestyle, yes that changes.

You don't know how things will be unless you experience this.

It is a very good question. I'm a believer of living within my means that means I only drive cars that I can pay cash for and live in a house that 25% of the house hold income is going in to it. Having said that, when I make the six figure income monthly a lot of things will change for me and my family. As most people mentioned. It won't change me such as my values, how I view the world etc... I would probably have the same happiness and gratitude towards life as I do now. However the change would come into a car am going to drive and house I want to live in. I will not go to luxury either but at least drive a new car and living in good suburb with great school district for my kids etc... one of the most important things that money is going to provide for me is going to be time freedom. And also taking vacation where ever I want to with out not being worried about the financial impact. That would be a blessing to have. Thanks for making us reflect on this.

I guess it depends on your "why" for wanting more money. Having more money shouldn't change who we are. However, it does make live more comfortable and facilitate what we wish to achieve.

My lifestyle would not change that much...I already have someone to take care of the everyday stuff I don't like to do, like clean, laundry, make the sheets, etc.
I decided to change my lifestyle before 6 figs/month happened (Which it hasn't yet) by moving to somewhere where I can afford the lifestyle (i.e I work out of Central America and love it).
One of the reasons we left the US is that MONEY does NOT make you happier. Lack of money does. More STUFF does not make you happier. We have less here but are far richer with our time and smiles.
But you have to decide what your focus in life will be.... $$$$$ & Stuff or Your Chosen Lifestyle.

Read Tim Ferris' "4 hour Work Week" and you'll see that you can have whatever lifestyle you dream up without the price tag you think it's going to cost.
Don't wait for retirement to enjoy the good life!

I don't have great material needs, but I would like to travel around the world and buy real estate in great places like Sydney, LA, New York and enjoy life =)

I would aim for more and more, I would never stop IM for good, it's too enjoyable and rewarding!

getting 3k per month is enough for me

My lifestyle would be about the same with the exception of being able to donate more to church and charity.

I would definitely buy my dream home and then invest in other real estate to rent out. I'd also buy a few vehicles. Definitely outsource many tasks of my business and try to make more money. And I'd make it a point to take at least a one week vacation every 3 months. Hell, I might even take my business on the road.

I'd also like to open a non profit domestic cat sanctuary.

agree, lifestyle largely the same

My all crazy imagination starts .

I purchased tons of techno products which i love . I give nice gifts to my family and friends and live life like a king size .

If my IM efforts could pull me in 6 figures a month? I would be paying someone to keep it running and I would be using the massive capital to fund an independent feature film and start a production company.

Then I'd come back to the WF and thank everyone for teaching me the best ways to get my film in every corner of the internet. "Building a list!" Or so they all say...