The biggest challenge to making $100k a month is...

11 replies
The biggest challenge to making $100k a month is - not being satisfied with making $50k a month.

Most people hit a certain level and then take their foot off the gas and relax.

This applies to making $10k a month and others income goals as well.

Once you get to $5k and your bills are paid, do you press on full speed to hit the next level or do you get inebriated and celebrate for the next month?

My wife made an interesting suggestion related to this last night. She said, whenever you feel too comfortable with the money you've made, lets just book an expensive vacation so that you can have some motivation LOL.

How do you avoid complacency and stay motivated?
#$100k #biggest #challenge #making #month
  • Profile picture of the author AddictionHelper
    I totally agree. When I hit 10k a month I sat back and did nothing and I'm paying for it now. Business went way down and now I need to bust my butt again to get my business back to where it was. I highly recommend to keep going nonmatter what income you're at.
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  • Profile picture of the author allenjohn
    Yes, but also important not to build a forever spinning hamster wheel, with you as the hamster. Goals are dreams with deadlines and it's important to set them (so you know when you've arrived). Thanks Allen
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  • Profile picture of the author kindsvater
    It depends on what your goal is.

    If your goal is to work hard to make $50k, then work hard to make $100k, then work hard to make $150k ... sounds like your goal is to work hard.

    If your goal is something else, such as relaxing personal freedom enjoyed by not working hard after a certain level of income streams are made, then you stop working hard.

    I'd change that first sentence of the OP to say the biggest challenge to $100k is being satisfied with $50k.

    But if your goal is $100k, then when you reach $50k you say great: I'm at 50 percent of my goal, time to make the extra push to reach my goal.
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  • Profile picture of the author SteveJohnson
    The biggest challenge to making $100K/mo is believing that it's possible and that you can do it. If you don't have that level of belief, you won't do what's necessary to make it happen.
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  • Profile picture of the author Tom Byrde
    How wise you are!

    The hardest part of the whole thing is getting your income up to something you can live off, and when you get there, you deserve a rest

    Tom
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  • Profile picture of the author mattlaclear
    The biggest problem for us in getting to $100k a month is payment processors for sure. We get up to the $85k mark and the processors start freaking out that they are getting scammed because of the volume of daily sales. Never mind the fact we have had only 1 dispute in 11 months. That doesn't seem to alleviate the risk departments apprehension over the heavy volume of transactions. So we are constantly having to fax them invoices to prove transactions are real ones and not just us trying to rip them off.
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  • Profile picture of the author John Romaine
    I remember when I first started working out. I weighed 69kg (Im 6 foot 2 btw) and thought, wow, I cant wait to get to 80kgs.

    That was 40kg ago. Its been 14 years, and almost a 50kg gain.

    For me, I was never satisfied and just kept pressing forward, constantly wanting more.

    Hopefully IM is no different. $100k a month would be an amazing feeling.
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  • Profile picture of the author Ian Varnava
    To the OP: well said.

    I do have mixed feelings about it though, as some of the others have said, it depends on your goals. Not everyone wants to keep busting their behind to get the the 'next level'.

    Someone's goal may be to have 5k a month coming in passive income so they can spend all their time with their kids and family, and they stop working so hard when they reach 5k a month in passive income. That doesn't mean they gave up, that means they got exactly what they wanted.

    Others may never be satisfied with how much they make, and continue working towards more and more and take it to a completely different level.

    Yet others may realize that you don't need to bust your behind all day long to consistently make 100k+ per month, and figure out the 'smarter' way of doing things instead of the 'harder' way of doing things.

    For me the line is somewhere in the middle, between busting my behind 24/7 and having the freedom I want to travel and do the things I want to do, so I've focused my last few years in IM on building more of a passive income, where I don't have to do something every single day for it to come, it just comes. I could be making 5 times as much as I make now (which would be an utterly high amount), if I wanted to actually work hard 24/7 and really expand my business. I choose not to do so because I prefer to be lazy and do other, non-work related things, than just always work, work, and work some more. Having a passive income also frees me up to run all kinds of weird experiments online, not worrying about whether I will make money from them or not, and running unorthodox experiments is what I get a thrill out of.

    So it just completely depends.
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  • Profile picture of the author FredMan
    If you work hard to rich $50K you should try to get $100K
    and then you can relax for a short time.
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  • Profile picture of the author Clyde
    6 figure a month, more than that it's just a game.

    IMO though, having a monetary goal is a bad way to live life unless what you do is trade currencies.
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  • Profile picture of the author mavmav
    50k a month is a lot of money. I would be happy to know how to make 10k a month. Some people are content with what they get.
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