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Old 06-10-2009, 06:52 AM   #1
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Default So How Much Money Do You Want?

People often talk about wanting 'an income'
without any specific idea of how much that
income is.

It's been said $500 a month would prevent
85% of bankrupticies in USA.

So what income level do you have in mind?
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Old 06-10-2009, 07:07 AM   #2
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Default Re: So How Much Money Do You Want?

At the moment I just want enough income to replace my full time job...When that happens, I will start building my income up to a level where I am financial independent to have the life that I want. For me its not about how much money I want..its how much money do I need to live and have the lifestyle that I want..

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Old 06-10-2009, 07:18 AM   #3
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Default Re: So How Much Money Do You Want?

I would like to make just enough to sustain my current modest lifestyle so that I may pursue more philanthropic interests. I love giving back to others and want to help more. I am amazed at how many people have the ability and resources to help others, but do not (unless there is some sort of "catch").
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Old 06-10-2009, 07:44 AM   #4
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Default Re: So How Much Money Do You Want?

Quote:
Originally Posted by richpeasant View Post
People often talk about wanting 'an income'
without any specific idea of how much that
income is.

It's been said $500 a month would prevent
85% of bankrupticies in USA.

So what income level do you have in mind?
People who "want" never get.

"Wanting" is the wrong state of Mind like "try".
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Old 06-10-2009, 10:10 AM   #5
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Default Re: So How Much Money Do You Want?

Right now, I want my residual income to surpass my monthly expenses.

(yeah, I'm a devotee of Robert Kiyosaki)

I have to admit, I don't have a set monetary amount because I live really simply and I'm not really into the "bling." I live very well on $30k/year.

My goals and dreams, however, require funding. (I'd love to start scholarship and grant programs for artists among other things) and so for my business, I want to make a few million a year, but for me personally, I need much much MUCH less than that.

I would never be one to have more than 2 cars, designer clothes, or 15,000sf mansions...I would much rather give that money away to help people achieve their own visions.

Yeah, I'm a hippie

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Old 06-10-2009, 10:07 PM   #6
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Default Re: So How Much Money Do You Want?

$5k a month in passive.
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Old 06-12-2009, 05:01 AM   #7
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Default Re: So How Much Money Do You Want?

You can live quite well on $1000 a week virtually
anywhere in the world. So 5k a month passively
seems quite a reasonable goal.

The main thing is to keep the main thing the main
thing. And the main thing is freedom - Bob Proctor
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Old 06-12-2009, 08:25 AM   #8
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Default Re: So How Much Money Do You Want?

Yes, I agree.

Freedom is the main objective--there's nothing like it.

Dagmar
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Old 06-12-2009, 08:50 AM   #9
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Default Re: So How Much Money Do You Want?

£2000 a month would do me nicely to start off and then build on that

Top Earners in MLM have hidden secrets they won't tell you.But I will and for Free!

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Old 06-12-2009, 11:57 AM   #10
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Default Re: So How Much Money Do You Want?

I want my Websidual Income to be $5,000, this is on top of my full-time job
This way I can pay for my education on my own.

My WSO is giving 40% off WOW! There is an affiliate program with it, pays 50%. High quality videos showing step-by-step what to click and what to type in, so easy!
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Old 06-12-2009, 12:07 PM   #11
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Default Re: So How Much Money Do You Want?

Quarter million a year. That's enough.

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Old 06-12-2009, 02:29 PM   #12
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Default Re: So How Much Money Do You Want?

By the time I retire, I like to hit $1 billion in revenue. I believe this will be able to help my future generation for beyond my imagination. The future is where our children are going to live and I would like it to be a better place.

This is my personal goal
Clint

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Old 06-15-2009, 09:18 AM   #13
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Default Re: So How Much Money Do You Want?

i would be happy with $500 for my self and another $500 to invest back in the business. I firmly believe in expanding and investing in my own business.... so basically I'd start with $500 a month and build on that... and if I can make it then perhaps one day have $2000 - $5000 a month would be really nice. So far I only want the $1000 or just $500 just to cover my life expenses, since this is only a part time job (I'm a student, and i do some part time job when i have the time). If i get good at this then I hope I can make this my full time job.

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Old 06-15-2009, 09:41 AM   #14
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Default Re: So How Much Money Do You Want?

Like many people in this thread, they miss the point of KNOWING what you want/need and when. They say vague things like "How much it takes to replace my job" or "Enough money to give me freedom" or "1 Billion Dollars by the time I retire", which is vague in one aspect or another.

The mind works in specifics. Napolean Hill goes over this in Think and Grow Rich.

What you should be saying or doing is deciding how much total or monthly you need to have the freedom you want, then deciding when you want to accomplish this goal and once the mind knows an exact amount and a time limit, it will work consiously and subconscioudly to reach that goal.

I am the first to admit that I haphazardly come to IM with unspecific goals and needs. I just want to make a bunch of money, but when I have specifics in mind (like "I need $567 by next Tuesday so I can get my mom the negative ion mattress that she has wanted for the past year for her birthday") then I work to find ways to reach that specific goal by that specific time.

This takes away vagueness and procrastination.

Finally, to answer your question: I will be starting medical school in August. Tuition plus fees is $37,590. Living expenses, I expect to be $20,500. Therefore I need $58,090 by in the next year. To break this down, I need 1/2 this, or $29,045 by October and the rest by next May.

October is 4 months away. That means I need to make $7,261.25 (assuming I'm starting from scratch) a month. That is $234.23 a day. Assuming I'm awake and available to randomly check my computer for 12 hours a day, that is $19.51 an hour.

So I need to find a program (or create my own) that pays out at least $20 (or multiple ones) and start driving traffic to get me 12 sales/leads (if in CPA) a day.

Now it doesn't seem so hard. I'm not saying it won't be tough, but now I know exactly how much I need to make by a certain date, and I also know what I need to do to reach this goal.

Now, get to work brain!
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Old 06-15-2009, 09:49 AM   #15
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Default Re: So How Much Money Do You Want?

you know Woody, you have a point there.

But i must say something about books by Napoleon Hill his books are, in my opinion, one big sales letter...all i got from his books was: "...in the next chapter I will reveal etc etc..." (next chapter) ""...in the next chapter I will reveal etc etc..." and i guess he explains it all in the last 2 pages so the other 500 are obsolete... i stoped listening to them ( i got my self the audiobook version) simply because I got tired of getting the next chapter, then the next chapter pre-sold and not living up to it's expectations. However some case studies that he gives in his book like the Amazon one is quite brilliant.

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Old 06-15-2009, 09:56 AM   #16
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Default Re: So How Much Money Do You Want?

Well there is no limit of earnings and desire/wishes always increase with the increase of earnings
I prefer and wish of getting an income somewhere between $5000-10000 per month that is quite hard but not impossible so hope i will get there soon and maybe after that i will not wish of something more lol
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Old 06-15-2009, 03:28 PM   #17
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Default Re: So How Much Money Do You Want?

125k a month with my eventual goal of a net worth of 1 billion dollars then I will semi retire

A true entrepreneur can never fully retire

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Old 06-15-2009, 03:36 PM   #18
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Default Re: So How Much Money Do You Want?

Quote:
Originally Posted by dsanchez View Post
Yes, I agree.

Freedom is the main objective--there's nothing like it.

Dagmar
Right answer
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Old 06-15-2009, 04:46 PM   #19
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Default Re: So How Much Money Do You Want?

if i can get from my current monthly income $0 to $50 a month and then move to $500 and so on I'd be more than happy.... just need to start making that happen....

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Old 06-18-2009, 09:14 AM   #20
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Default Re: So How Much Money Do You Want?

Right now my objective is to make 3000$ /month as it would help me meet all my over heads and current expenses.but in the future it is my immense desire to stand in the league of super successful billionaire like bill gates and warren buffet.i am not greedy but i would like to make it really really very big.I would be happy with a net worth of around 60 billion $.
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Old 06-18-2009, 02:41 PM   #21
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Default Re: So How Much Money Do You Want?

My first goal is to replace my current income from my job. Once I reach that goal I want to double the income and then I will "retire" from my job. I think it is important that I keep adding to the amount I want each year. Gives me something to strive for and will keep me motivated.
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Old 06-18-2009, 02:52 PM   #22
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Default Re: So How Much Money Do You Want?

To be honest-- I'd like to make $1,000,000,000,000


Yes, that's a trillion.








I mean a TRILLION DOLLARS ... All US $.




Not Pure cash--- In the form of assets, businesses' net worth, and stakes.



But at least a trillion dollars...



That's what it takes to satiate me...



I want to make a trillion dollars

...


HOLD ON...



I wanna make a trillion dollars... but in what time frame? 100 years? 1000 years?



Without That Bit of information it all sounds hokey.



So, a trillion dollars, every...


.
.
.
...


...


...


...


...


...


Every...


...


...


...


SECOND.


A trillion dollars every second.


If you are thinking---

What would I do with it?


I'd say to you...


That you are asking....




THE WRONG QUESTION.

@@@@@@@@@@@@@@@@@@@@@@

The right question is...

What would $1,000,000,000/second mean to me...


It'd mean I'd serve 10 billion people (10 years down the line we could get there, I believe), every second.And my services to them would be worth $100/second.
To each of them.

So not only would I be rich, everyone in the world would be rich enough to pay me... $100/second...

That's $360,000/Hour or $8,640,00o/ Per day.

That's what they'd be paying just for my services.

So everyone would essnetially be trillionaires. And I would essentially have enough products and services out there so everyone would buy at least $8,640,000 worth og my stuff everyday. Sounds good-- doesn't it?

If you were to dream at all, dream big.

So big that you'd never regret having dreamt small. Anytime down the line.

-Lakshay

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Old 06-20-2009, 10:15 PM   #23
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Default Re: So How Much Money Do You Want?

I want more than enough to live comfortably and be a blessing to others. You can't help others if you're lacking or just have enough to live a modest lifestyle. The purpose of money IMO is not just to support yourself and your family well, but to serve others with it. Be a blessing and you will be blessed in return
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Old 06-21-2009, 07:19 AM   #24
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Default Re: So How Much Money Do You Want?

$20,000 a month would see me very comfortable, however as calculated following Bob Proctors suggestion in 'You Were Born Rich', $13,000 per week would see me living in the style I truly desire and providing financial freedom for all those I love
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Old 06-21-2009, 12:11 PM   #25
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Default Re: So How Much Money Do You Want?

my goal: from today to the end of the year, make $100,000 and more next year
my goal in life is not to make money, but make money to have what I want, and that goal need loads of money, that's why............
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Old 06-23-2009, 02:03 PM   #26
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Default Re: So How Much Money Do You Want?

For starters, enough passive income to walk or run way from my current career. After that, more money to take care of my mother (of course, she deserves it). Then pay off bad debt, reposition my life & donate to my favorite charities.

P.S. Maybe, a Corvette & Maserati. Hey, I am from Michigan. I love cars!

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Old 06-29-2009, 11:28 AM   #27
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Default Re: So How Much Money Do You Want?

I just want to be able to live comfortably...I guess I just need to make enough to replace my current income!
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Old 06-29-2009, 06:59 PM   #28
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Default Re: So How Much Money Do You Want?

My goal is 4 figures a month by the end of this year
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Old 06-29-2009, 09:55 PM   #29
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Default Re: So How Much Money Do You Want?

Quote:
Originally Posted by nicholasb View Post
125k a month with my eventual goal of a net worth of 1 billion dollars then I will semi retire

A true entrepreneur can never fully retire
Thats what I'm talking about right there.

Shoot for the stars and you might hit the moon!

19k / week is $1 million. That is what most consider "Rich."

How many rich people do you know?

"There is no elevator to success, you have to take the stairs"

Company T shirts, Polos, Stickers, Banners!

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Old 06-29-2009, 10:00 PM   #30
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Default Re: So How Much Money Do You Want?

Hi Guys,

$US500 a day would be nice, currently making $US5. so long way to go but getting there evantually.

enjoy your evening

regards

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Old 06-29-2009, 11:48 PM   #31
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Default Re: So How Much Money Do You Want?

Enough to care for my family and replaced my job.
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Old 06-30-2009, 12:14 AM   #32
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Default Re: So How Much Money Do You Want?

Enough money to be able to do what I want, when I want, whenever I want to do it. I don't need to be a glutton - I just want the freedom to live life with money holding me down.

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Old 06-30-2009, 04:49 AM   #33
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Default Re: So How Much Money Do You Want?

$10,000 per month. Setting that target for myself in January rather than thinking I want just enough to do x, y, z has helped me get closer to actually achieving it. Breaking my target down into 10 projects that make $1000 a month makes if far less daunting and to my suprise possible!
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Old 06-30-2009, 06:03 AM   #34
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Default Re: So How Much Money Do You Want?

Have any of you guys seen the film "21" or read the book it's based on, "Bringing Down the House"?

The part where the main character says he "only wants $300,000 and then he'll quit"?

It's one thing to discuss goals that are in the future for us - interesting question is, when we all eventually get there, will be happy with it or will we want more?

Gil-Ad

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Old 06-30-2009, 06:08 AM   #35
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Default Re: So How Much Money Do You Want?

I imagine that once you have succeeded at making a fixed amount that it might be difficult to stop, knowing that you are capable of repeating what you've achieved to double or triple your income. If the balance is maintained between making the money and living your dreams, that's fine but when it becomes all about the money, I do think that quality of life and ultimately happiness will suffer!
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Old 06-30-2009, 06:25 AM   #36
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Default Re: So How Much Money Do You Want?

That's what I worry about - I'll reach $x/month and think "wait, now that I've worked so hard learning how to do it, it'll be easy to double or triple what I'm making".

It seems the further up you go, the easier it becomes to go further.

Personally, I imagine it will take a lot of self-discipline to drag myself away from that... even though I know what you say about quality of life / happiness is entirely true!

Gil-Ad

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Old 06-30-2009, 08:47 AM   #37
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Default Re: So How Much Money Do You Want?

$10k a month. Shooting for 2010.
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Old 07-21-2009, 10:27 AM   #38
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Default Re: So How Much Money Do You Want?

50k as of now by dec 19, 2011

have already broken 20k, so it will happen sooner..

then I will adjust to maybe 500k a month, get the 50k first...

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Old 07-21-2009, 10:29 AM   #39
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Default Re: So How Much Money Do You Want?

125k a month...
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Old 07-21-2009, 10:51 AM   #40
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Default Re: So How Much Money Do You Want?

would be nice to get 5k a day !!! that means an hour work per day? and around 25-35 income streams?

"Imagination is more important than knowledge. " so what you got for signature?
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Old 07-21-2009, 10:55 AM   #41
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Default Re: So How Much Money Do You Want?

As long it can support my personal and family needs.

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Old 07-21-2009, 06:08 PM   #42
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Default Re: So How Much Money Do You Want?

I'll be realistic. $100/day! Really that is my goal right now that I aim at achieving.
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Old 07-22-2009, 05:26 AM   #43
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Default Re: So How Much Money Do You Want?

Requirements are different from person to person.As regarding to me i want 750$ per month so that i could live comfortably.
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Old 07-22-2009, 07:21 AM   #44
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Default Re: So How Much Money Do You Want?

As a business men, setting goal is a good thing but begin satisfied with it, is not that good.
Currently my target is to achieve $300 a day, and after achieving that goal, I will set a new one for me.

I don't believe in destination, I believe in the journey.
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Old 07-23-2009, 05:14 AM   #45
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I agree, we must to define the objective in order to achieve it.
But in my case, what a want is freedom. I think 10.000 each month will be enough.
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Old 07-25-2009, 10:47 PM   #46
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Default Re: So How Much Money Do You Want?

for me is enough to buy a house,a car,a lot of deposit in bank..
My goal is $3000 a month..
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Old 07-27-2009, 08:04 PM   #47
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Default Re: So How Much Money Do You Want?

Woody's post in my opinion is spot on. Have a tangible goal a car, a plasma tv,
a college tuition fee. Break it down to a manageable dollar amount and a time
frame it is much easier to attain your monetary goals.
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Old 07-30-2009, 08:59 AM   #48
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Default Re: So How Much Money Do You Want?

$1500 a month is already enough for me ^^
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Old 07-30-2009, 08:38 PM   #49
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Default Re: So How Much Money Do You Want?

20k a month in my account after I have give to various charities and paid all the bills. I still be riding in the 2004 minivan (wish would be Paid off )
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Old 07-30-2009, 11:03 PM   #50
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Default Re: So How Much Money Do You Want?

Enough to stop all the bull**** I just read from gagging me half to death.
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