When is it enough moolah?

10 replies
Hi

When I started IM, the idea of an extra $300/month hassle free on top of my job would have been nice. Like free money.

So this week I have had $700 in profit, but still not satisfied. I've upped my goals to exceed where I am at, a state of constant dissatisfaction.

This is not necessarily a bad thing - after all it keeps driving me forward, and this will benefit me.

However I know at some point I will want to press the "stop" button or the "cool down" button on the treadmill and enjoy what I have created, pursue hobbies and traveling more and get off of the lure of more and more money.

Hope I can

What are your experiences with this drive/emotion?
#moolah
  • Profile picture of the author Designr
    Hey theemperor,
    Defining 'How much is enough?' is one of the most important things I think we really need to define for ourselves.

    In reality the question 'how much is enough' will be answered differently by nearly every person you ask, because the situations that they find themselves in, and the goals that they want to achieve, will likely differ.

    It may be one mans goal to earn enough to be able to pay for his kids college education. It may be anothers to be able to give 10% of his earnings to a worthy charity, and still leave enough left over to live without financial worries.

    Wealth is the ability to fully experience life in whichever way you see fit.
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  • Profile picture of the author DarkLour
    be happy when you achive the life your happy with. not everyone needs to be a millionaire , if spending 50% of the day with your kids (if you have em) makes you happy do whatever you need to do so you can continue doing that. dont grab so much money life slips you by.
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    Best Regards,
    James
    Culinary Website Design : Cooking Blog :

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  • Profile picture of the author auburnfan23
    My magic number always seems to be $100 a day which would put me at $3,000 for a 30 day month. Its a dream but a more reachable goal is $10 a day then keep building on that for now.
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    • Profile picture of the author DaveHughes
      My initial reaction to your question was "When I win!", because money is (to me) just a way of keeping score.

      However, in other parts of my life I've learned that, when I can't seem to be satisfied no matter how much success I have at something...I'm focusing on the wrong thing for satisfaction, or at least the wrong part of what I'm doing.

      In other words, maybe your earnings per day isn't what will fulfill you on a basic level. How to stop the treadmill?

      Set an ultimate "high score" goal...when you get the high score...quit. However, don't be surprised if you find you don't WANT to stop playing. Look at Brett Favre of the Minnesota Vikings.

      He's got a Super Bowl ring.

      He's a multi-millionaire.

      He's got the respect of the entire NFL, past and present.

      He's adored by the fans.

      He owns a ton of quarterback records.

      He's a guaranteed lock as a first-ballot Hall of Famer.

      He's got NOTHING left to prove to ANYONE. And yet, he's switched teams twice in the last three years, just for the opportunity to keep playing. He's flirted with retirement up to the last possible second the last few years, and still keeps coming back. It's not the money, the respect or the accomplishments that drives him...he's already got them all.

      He's driven by the love of the game.

      My answer to your question: When you stop loving the game...quit. When that time comes...you'll know, and you'll walk away satisfied; or, at least more satisfied than if you "force it".
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  • Profile picture of the author mbrig
    Hi theemperor, you mention at the begining of your post that it would be nice to have $300 extra or free money as you called it. Within a few lines you mention feeling the "lure" of the money, the money is just the facilitator for the other things that you mention such as travel. Thats what will give you the pleasure, travel, how you can help other people and the respect that will be generated by your good habit's and actions. Don't obbsess about the money because if that is all you do, no amount will be enough. Ever.

    Best wishes

    mbrig
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  • Profile picture of the author PMB
    Originally Posted by theemperor View Post

    Hi

    When I started IM, the idea of an extra $300/month hassle free on top of my job would have been nice. Like free money.

    So this week I have had $700 in profit, but still not satisfied. I've upped my goals to exceed where I am at, a state of constant dissatisfaction.

    This is not necessarily a bad thing - after all it keeps driving me forward, and this will benefit me.

    However I know at some point I will want to press the "stop" button or the "cool down" button on the treadmill and enjoy what I have created, pursue hobbies and traveling more and get off of the lure of more and more money.

    Hope I can

    What are your experiences with this drive/emotion?
    First and foremost I want to congratulate youon your recent success. Although money is a big factor as to why I do this. For me, my time is invaluable. I want to build a successful business; not create another job. So an increase in disposable income is always welcomed I want stop until I will be able to use my time in a fashion that best suits my passion.
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  • Profile picture of the author rawservices
    $100 per day would do it for me. Then up it to $500 a day :-)
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  • Profile picture of the author Mr. Enthusiastic
    Originally Posted by theemperor View Post

    However I know at some point I will want to press the "stop" button or the "cool down" button on the treadmill and enjoy what I have created, pursue hobbies and traveling more and get off of the lure of more and more money.
    Martin, I think the problem is your "treadmill" you've put yourself on!

    It looks like you have a rule that you don't get to enjoy anything but business until you have made a certain amount of money. But you also don't even know how much money that is! How can anyone else decide that for you?

    Why not have a balanced life while you make money? Why put off a balanced life until after you make money? Couldn't you enjoy your hobbies every day or every week? If travel is a reward you'd like, why not define a particular trip? Why not say that when you can afford that trip, you'll take it and leave work behind for a while? "All work & no play makes Martin gripe on the forum!"

    The purpose of a goal is to inspire you to enjoy your life now and to work hard at what matters, so you can enjoy your future even more. Are your goals doing that for you? Or do they just make you frazzled? How about a goal of a balanced life with peace of mind, while you make money today?

    Chris
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  • Profile picture of the author AffiliateKungfu
    No one has enough 'Moolah' !
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