How Much Money Is Enough $$$

What ever you can comfortabley and happily live on.

Why do you want to make a million a year? I think once you answer that question, you'll know.

Making a million/year may ruin your life if you don't have a good plan. Have you thought about that?

I believe it was Rockefeller was asked the same question in an interview. He bent up close to the interviewer as if to whisper something, held his thumb and finger an inch apart from each other and said....

"just that much more"

Extraordinarily successful people often reach the point where the money only matters as a means of keeping score. In those situations they'll never have "enough". The real trick is balancing the rest of your life with work. No matter how much you enjoy what you're doing, the rest of the world is out there waiting to be discovered.
Will

Being 13 and not needing to take care of the home, I would be happy with just 15 pounds a week.

Everyone's goals is a whole different.

One person may want to only earn $1500 per month while another person wants to earn $20,000 per month.

There are even people here in the forum who earned already their first $$MILLION online.

Tal

Larry Ellison 6th richest man of 2010 will give 95% of his wealth to charity. I guess he had "enough" already.

How much money is enough for me?

Enough money to buy a little more equipment, and then its off to make my short film/web series. Remember when that guy in the movie 21 says he just needs $X amount of dollars and he's out? I'm like that, but with a **** ton more discipline.

The question may truly be - once you have built cash to take care of your needs - then are you open to funding projects that serve to uplift one other person, a group, an organization, a town, city, state, country, planet?

makes u wanna go hmmmmmm

John : )

I want to make enough to live comfortably, have the toys I want, and not have to worry if I'm going to be able to pay for the things I need.

If you give me $10 million right now, I'd probably spend far more time at the beach than in the front of the computer

A person always wants more then he has (in general) so if you set a target of 1 million a year and achieve it, chances are that by the end of the year you will set your target to 2 million dollars (or more) a year and try to achieve that, with that you will have a whole lot of reasons why you ought to be earning more and what you have is not enough, at the end of the 3rd year it will be the same story and so on and so forth.

In short you cannot set a limit on how much you should earn cause as a human being your desires will keep increasing as your income increases.

That was my two pence

I'm gunning for 1mil a year also. For where I am right now, it seems like a good amount to aim for.

Now the thing is people grow. When that goal is reached a new one needs to be set in place. I'm not quite sure if it's just a trap - a way in which our mind screws us over or if it's something good -something necessary for our evolution. What I am sure though is that it will happen.

Between the two, I'll find a sweet spot and choose a comfortable income while living a fulfilling life.But if time was not a problem, I would aim for the world not just that $1 million.

alexbbbh,

No amount of money is ever enough. People with money want more, people without money want more... Money doesn't make you happy, that's just a fact of life

Once you kicking it, then you'll always want to make more...not to just make more money...but to like...do yourself justice!

Hi Matthew,

Yes, we can put a limit on how much is enough. Sort of.

What I mean is that we THINK we can set a limit on it based on our current reality, but once we get there, our reality changes, and so does the amount we think is enough.

On a slightly off topic note: if the word 'limit' is replaced with 'goal' then it becomes something worthy of shooting for.

All the best,
Michael

Your expenses will generally increase to fit your income, regardless of what that may be. If you make more, you'll spend more, as a general rule.

I just need enough to pay the bills, have money leftover for some fun stuff like farm animals, in my case, and homebrewing, in my husbands case, and really, that's it.

Success is so relative...

I think it is very relative to the person you are asking, and their current state, because as your income changes so will the person and the state they are living in.

For me, I simply want to own a home outright, have enough in the bank that my 5 children can go to post secondary or do whatever they want to in their own lives, and enough to comfortably live for the rest of my life. Plus a little extra cushion because **** happens.

And then once I reach that point, I would like to double it. Not for me, but so that I can give the equivalent away to those in need.

Best wishes,
Sylvia

Enough:

Once I get all the money I need to goof off the rest of my life... that will be enough...

until

I see that yacht for $50 million that I just must have.. then when I have enough to buy that and run it ... that will be enough...

until

I see that $100 million jet that I really really want...then when I have enough to buy and maintain that ... that will be enough...

until

I see that country with 99% of the people starving which needs $4 Billion to get them by... if I had that ... that will be enough...

until

I see all the children in the world that are missing, lost, hungry... and $20 billion would help solve that ... that will be enough...

until...

Come to think of it.. the US Government alone has Trillions of revenue and Trillions of debt.. that that is not enough...

I guess I just don't know the meaning of enough

My goal is to earn £100,000 per year by the time I'm 20, I'm 17 in 6 days. For me, that is more than acheivable and being the cocky guy I am, I'd hope to be making that at 18.

That's only £8,500 approx per month and then £2,125 per week. It's all achievable, just have to be committed but to be honest, even now when I'm very young, I know that money doesn't make me happy.

My ultimate goal is to make £10,000,000 in pure cash, not assets and cash, pure green (not the herbal kind, though that would be nice) flowing in my account.

My goal is to buy a ferrari 360 modena , not a huge goal $75k-$90k should cover it.

I think a better goal is to make a goal for how much you keep/save a month... Then focus on that...

Start at $10k a month or whatever then when you hit that move it up to $25k a month and do what it takes to get there... Then $50k a month... Etc...

Thats how you get to the point where you can write a check for $1MM - and thats a whole lot different than being "worth" $1MM...

It's funny how different "enough" can be for different people. Once you learn how to pay less in taxes and keep more of what you earn and then reduce your expenses while still having fun and having toys and then increasing your income as needed, "enough" can actually be a shrinking target rather than an increasing one...

To live on the interest on your interest...

That's "enough"...

I think the super rich don't think that way. To get to "multi billionaire" for example, it takes much higher order thinking that just craving money for the sake of it. After all...at some point you'll never be able to spend it all on yourself.

I think you should measure your accomplishments in "impact" rather than "money." After all...money is not "real" and in the case of US dollars...actually a US Treasury debt that's traded for goods and services.

DISCLOSURE: Don't believe me? Read the bottom left corner of a US dollar bill and you'll see "This note is legal tender for all debts, public and private"...a "note" is a term used to describe debt.

Moral of the post: Don't be focused on "enough"...focus on impact...money will come.

Cheers,

Brad

For those interested in gaining lots of wealth I highly recommend the book called "The Millionaire Next Door." By interviewing lots of millionaires the authors found some really surprising facts about those in America that have lots of wealth. Note I did not say people that were worth a lot of money, the affluent, but rather people with wealth, ones that have the money in the bank.

Basically it boils down to much of what we read here. Making big money takes lots of work and for most of us a good deal of time. Keeping money by spending it wisely also takes work.

Ok, before I start rambling just go to the library, yup that's free, and get the book.

"Enough" is loaded language. It is dangerously vague, and means nothing apart from the purposes for said money.

"Enough" is the language of the poverty mind.

Enough for who?

Just me?

Or just me and my family?

Or just me and my family to just get by?

Or just me and my family to live comfortably?

Or just me and my family to live nicely?

And if it is just for me and everything related to me...what does that say about me?

The reality, there is no enough. That should never be a word used by wealth builders if they look at the big picture of self and neighbor. We are accountable for way more than just what surrounds us.

Anyone who says a certain amount is "enough," often times are only really thinking of themselves.

I am sure many other people who could use my help would not say I ever have made "enough."

...

Write down your current cost of living plus everything you would want to have or do ... break it down to how much it will cost you in a year. Then break it down to how much it will cost you in a month, add 10% (just in case), and then you have a rough idea of how much is "enough". Of course, your idea of enough is likely to go up as you get more successful.

When a person is happy and satisfied it can't cost a penny.

People would no feel enough no metter whatever hao much they earned.

To be really happy requires more than just money.
Health, wealth and love are all needed in this regard.
Wealth could be defined by some as a sufficiency of supply.
But if you are sick and dying i doubt that having a lot in your bank acct makes much difference, or at least not to you. lol

But since this is a thread about money, as limited as such a discussion is, I have two ultimate goals for this-one a monthly goal, that has four sub goals towards acheiving my ultimate monthly target.
And the second ultimate goal for the total amount i want to be invested as untouchable principle. (in other words, i want to live off that, have it grow to keep up with inflation, and never spend it down) That goal also has levels(level one, two and three) to it. I call them my so so,
excellence, and SMOKING goals. Excellence is 3 times so so, smoking is 10 times.
I could never work again at level one but would have few extras.
But you know what-I dont care to say what the specific $ are, because no one else needs to know. And it depends on a lot of factors including where you wish to live.
My own "4 walls economy" matters to me and mine. Nuff said.

$10,000 a month. Period.

I'm surprised some people are so vague with this. I want enough money to fund my traveling, and writing and that is more then enough. Also I intend to invest some of it, and live off the interest.

I like internet marketing, but I see it only as a tool to do what I really want in life.