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

yeah definitely not enough to live on.

I would say 30k per year is the minimum to be able to live comfortably these days.

The truth revealed. The more you get the more you will want...

It can't be that bad when you're in Asia or other countries. In the Philippines that's over 46,000.

And just to give you an idea..a coke in can here is about 20 pesos in the Supermarket.

I agree that 1,000 USD monthly is not enough to afford us a "rich" life but here you can live off of that decently.

All the best,

Omar

I couldn't live off 1000$ a month either (but then, I live in one of the most expensive spots on earth...). But 1000$ a month could allow you to maybe scale back on your daytume job and invest more in your online business? 1000$ can be used to buy traffic and maybe leverage your profits?

Any amount of online income can help you get moving towards more and more and... (greed mode)

$1000 a month wouldn't even pay half of my mortgage these days, but I supose we all live to our means.

Once upon a time the thought of making $1000 a month felt like a dream.. almost impossible. And now, well, I'm thankful for what I've got and feel pretty lucky to be in a good position where working is my choice. I know that many others might not experience the same as me, so I am very lucky.. but.. maybe we create our own luck.

My rent alone is $1100 a month and I do not share that with anyone so I agree with your statement!

$1000 a month will not get you too far when you are living in NJ.

And that's single with no kids.

I spend on average and I am quite the saver, around $6k a month, between housing, food, bills etc. Granted I have a family of 7, but I could not see anyone now being able to live very well or comfortably off of $1k a month. My happy comfortable goal would be around $120-$180K a year.

I hear ya on this one. I myself got caught up in telling people you can make a full time income online. Instead of giving some type of number figure. I laid off of it now though and now give a number figure. The reason as you said $1,000 a month is not anything. To live a decent life in the US here you need a good 30k and even then your going to still struggle. Glad you put this out here as I was thinking like you full time income... What is full time income to you?

Definitely, to some people, $500 - $1,000 monthly is enough for them to quit the rat race and live comfortable depending on their lifestyle, debt, expectations and wants.

To other people, that's nowhere near enough and they require a monthly income for example, let's say, $5,000 - $15,000 to be able to live comfortably.

For me, even at $1,500 monthly in the past which allowed me to quit the rat race, I still went for it so it opened up so much more free time allowing me to focus more on growing and expanding my online businesses and from then on, I never looked back.

$1000 suck, but €1000 would be good.

I wouldn't even get out of bed for $1k a month!

$1000 a month?? wheres my knife!.. lol

I think 1k a month is a great start. f

At that point you should have some systems in place that help things kick along. You should have also learned a bunch and be able to try things to add to it.

I wouldn't quit working on that, but it's certainly nothing to sneeze at.

Kind Regards,
Shane

I agree, that's hardly enough. And if you are married, have kids and a mortgage, forget about it. You need a lot more than that.

LOL - I live in Chicago, where my rent alone is $1300. Add in two kids and a husband...

I'd need around $5000 monthly to be able to quit working.

Yeah $1k a year is really not going to do it anywhere in the states, especially in prime areas such as CA/NYC. $1k a month is not thinking long term, how about kids, their college tuition etc etc.

I'm in Istanbul and I would need about $1K a month to live here (you'd add another 1K if my home wasn't owned by my dad and I had to pay rent)

My mortgage at the moment is £1100 a month. My aim is at least double plus my day job. The taxman said I earnt £33k last year and that was just surviving UK wise doing shed loads of overtime work/life balance what balance. Still seperated now accepted an offer on the house and will be living on my canal boat by Christmas Happy Days wha hay

although its good compared to a lot of people that are trying Internet Marketing... it is not something to be excited about.

but if it was all autopilot or even 1 Hour a day, then i would say thats pretty Good.

$1,000 per month wouldnt last me very long, my mortgage and credit card bills alone are double that. Living in London doesnt help either. Like most people say, it all depends on where you live. If i moved out to maybe Asia somewhere I could be a bit more confortable but if you live in Mainland Europe or the States you're going to struggle somewhat. Saying that though, who wouldn't like to earn an additional $1,000 per month on top of what they earn already? I'm not going to say no but just don't start writing out your resignation letter yet...lol

I need $100/day

$1k/month? My power bill is $500 alone. Gotta think bigger than that.

My eventual goal is $100K a month.

Peice of cake -- only $95K more a month to acheive it

ramone_johnny, 100k/month? Now that is big.

$1,000 a month is well below poverty...you'll make better money at mcdonalds

Back in the late 80's I went to Honduras and I remember at the time the average full time income for someone in that country was like $240 U.S. dollars a year.

The amount of money you need to live on is usually much smaller then the amount you want, combine this with the variation of living expenses around the world and it becomes impossible to define what is a required amount of income to live on

If you invest the $1000 back into your online ventures, you should be able to increase it exponentially.

You can always tell who lives in San Diego

Under 8k/mo, I'd have to file!

A $1,000 a month from internet marketing would do me fine, and I live here in the good ol USA. Of course, I retired six years ago, due to health problems and get Social Security, so that $1,000 would only be supplementing my Social Security income. But it would move me from existing to being able to live a little easier. It would make a big difference in my life, that is for sure.

wouldn't they ding the SSI

It all depends what your liabilities are and how you set things up.

Some people think they need a lot more than they actually do in reality. It's what you do with your money and how you budget.

There's a lot of people earning $100K+ that have NOTHING. It all just goes to tax, lifestyle cost (liabilities, leisure, toys, etc), consumer debt service, etc.

And likewise, we have friends that certainly aren't going to impress anyone with their income, but they own all their stuff and live like rockstars and have NO DEBT because they sacrifice one thing to have another. (If you can't choose "all", don't.)

I've put basically all my online after-tax dollars (and don't even get me started on what that looks like for high-earning Canadians... good God...) into cash-flow investments that cover themselves and a bit more.

I also don't go into consumer debt for anything. Nothing.

Which requires patience when you have an interest in, say, BMW M3's and 911 Turbos :-)

So basically, we're able to live "for free" in terms of housing (our own mortgage payments are covered by the posi-cash from other investments/props), and our actual day-to-day living costs aren't that high.

Maybe 1500 - 2000 a month on top of the mortgage (which is "free").

So in our situation, all we'd "need" is about $2K a month to live.

Living WELL is another situation altogether, but again depends on what you want.

The trick is to keep liabilities to an absolute minimum.

We actually rented a condo until we bought enough revenue properties to cover our own mortgage payments. It was hilarious. Our neighbors totally thought I was a drug dealer or something.

All they knew is that we travelled a lot and had no set schedule.

Anyway, what I'm getting at here is that if you "need 100K" to maintain your curent lifestyle or whatever... maybe it's time to see what you can do about resetting that or taking down some liabilities.

It doesn't matter how much you make.

It's what you keep.

And what's ironic is that when you start adopting this mindset, you usually start making more money anyway - because now you're not dealing with the stress of juggling everything to stay "afloat".

Just some thoughts...

-Chris

$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.

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.

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

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.

1k surely would not be enough for me

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

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

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

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

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.

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!