What salary could you live off?

by Kange
134 replies
Hi

What salary could you live off?

We constantly hear how people want to have millions and millions of money in the bank but in reality, what would be your ideal annual salary, what could you live off that you'd be happy and comfortable with?

Many people set up business (online businesses) to 'make money quick' but some people are happy to earn a salary that they are happy to live off. If you set up an online business what salary would you be happy to get in the real world?

Obviously we would like millions,.
#live #money #salary
  • Profile picture of the author ryanmilligan
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    Anything I have to.

    If you gave me $500 a month, I'm sure I could live off it. Would just have to sacrifice a whole lot.
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    • Profile picture of the author ddshosting
      Originally Posted by ryanmilligan View Post

      Anything I have to.

      If you gave me $500 a month, I'm sure I could live off it. Would just have to sacrifice a whole lot.
      I agree, it is possible to live off of any amount. It is only necessary to earn more money if your exceptions or financial responsibility (i.e. family etc.) shifts.
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  • Profile picture of the author Noel Cunningham
    I could scrape by on 1k a month - that's only $250 per week and that is very achievable online. I think it's good to keep grounded in the beginning and not to chase the million dollar dream....

    Start small (but of course dream Big) and give yourself little income targets along the way. $100 per week, then $200 etc. once you find your sweet spot you can ramp up those efforts and your income will take care of itself.

    But don't get carried away in the beginning.
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  • Profile picture of the author Frank Ayres
    i would need at least $6k a month to live on
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    • Profile picture of the author Eduard Stinga
      Originally Posted by Frank Ayres View Post

      i would need at least $6k a month to live on
      Yeah, London is god damn expensive - I would be really happy with ~$4k / month here, but if I were "just to live" with the simplest and cheapest options I would still need ~$2k.
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      • Profile picture of the author Suraj Muralee
        Originally Posted by Eduard Stinga View Post

        Yeah, London is god damn expensive - I would be really happy with ~$4k / month here, but if I were "just to live" with the simplest and cheapest options I would still need ~$2k.
        I heard that western countries are far more expensive. Here in India, if you come with that money, you will be a millionaire because 1$ = 50 Rupees.

        My target income would be 5 - 8k next month because of some extra expenses.
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      • Profile picture of the author Richard Tunnah
        Originally Posted by Eduard Stinga View Post

        Yeah, London is god damn expensive - I would be really happy with ~$4k / month here, but if I were "just to live" with the simplest and cheapest options I would still need ~$2k.
        Been doing some research into property rental's (studio/1 beds) in decent area's in wider London recently and many studios are now going for £800-£900 ($1400-$1700) a month before you add bills or living expenses. So I'd say you'd be pushing in on even $2k round London unless you were happy to have a room in a shared house. I'd guess they'd be a lot cheaper!

        Rich
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        • Profile picture of the author nik0
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          Originally Posted by Richard Tunnah View Post

          Been doing some research into property rental's (studio/1 beds) in decent area's in wider London recently and many studios are now going for £800-£900 ($1400-$1700) a month before you add bills or living expenses. So I'd say you'd be pushing in on even $2k round London unless you were happy to have a room in a shared house. I'd guess they'd be a lot cheaper!

          Rich
          And I thought a studio for 650-700 euro/month was damn expensive.

          People rent whole houses here for 400 euro/month (excl g/w/elec ofcourse). Ofcourse it makes a huge difference whether you rent private or from the standard organizations. For example:

          House with 3 bedrooms from gov. organization, around 400-500 euro/month
          House with 3 bedrooms privately rented 1000-1500 euro/month for the exact same house.

          It's a huge problem cause when you exceed a certain income level you are forced to rent private, so a 100 euro difference in salary can turn your life from a good living into a hell.

          And to make things worse, when you reach that salary to be forced to rent private, you can't say I buy a house cause the average house price is 250.000 euro and your income is too low for that. So there is a huge gap for singles who make a slight above average salary here (like 1600 euro nett/month). average salary is around 1300 euro.

          To make things even more worse, there are 5-10yr waiting rows to get a government rent house (government is a bit wrong word here, cause these are nowadays also private organizations, but fellow dutch men know what I mean (woningbouw vereniging).
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      • Profile picture of the author Chris Pappin
        Originally Posted by Eduard Stinga View Post

        Yeah, London is god damn expensive - I would be really happy with ~$4k / month here, but if I were "just to live" with the simplest and cheapest options I would still need ~$2k.
        Tell me about it London is too expensive, planing on moving to abroad soon to china at least it is a bit cheaper over there, plus i love the food and am a gadget freak and as most of the best gadget are made in china that's perfect for me, i could live off $2k a month.
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  • I could survive on just $2K per month. This would cover all my outgoings each month and give me some left over for a few treats here and there. I earn more than that currently but that was my goal in the beginning to reach 2K in recurring incomes
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    • Profile picture of the author aaaa33030
      Originally Posted by ExpertSEOServices View Post

      I could survive on just $2K per month. This would cover all my outgoings each month and give me some left over for a few treats here and there. I earn more than that currently but that was my goal in the beginning to reach 2K in recurring incomes
      I agree. $500 a week is a reasonable salary to live off of.
      After paying bills then there should be sufficient left over to buy extra goodies
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  • Profile picture of the author wizzard74
    If I want to go with the "just enough to live off" mindset it would be $2k.
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  • Profile picture of the author gentryliving
    I could survive with $1k per month. But have to sacrifice my hobbies which is collecting antique items.
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    • Profile picture of the author wizzard74
      Originally Posted by gentryliving View Post

      I could survive with $1k per month. But have to sacrifice my hobbies which is collecting antique items.
      Do you want to buy my landlord? He's a bit of antique
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  • Profile picture of the author Wide
    6k per month.

    House, Car, Retirement/Pension .... not to forget the 60% tax.
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  • Profile picture of the author Oliver Williams
    One of the reasons why 100k per year is quoted so often is because statistically that is the figure that will have the most profound change on a persons life.

    You don't need millions to be comfortable. Once you have an extra $1000 or so per week coming in that opens up a whole world of freedoms for the average person. The difference between $50K per year and 100K is much greater then then the difference between 100K and 500K as far as effecting someones life goes (for obvious reasons) After that it just becomes more money.
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  • Profile picture of the author dadamson
    I could "survive" on $0 per month for 12 months before I am in real trouble, I would then need $3K per month to survive.

    But comfortable living would be $4K to $5K per month.

    I have been consistently earning over double that, which has put me in a position to survive a year without pay.

    It's what you need to do in order to survive in this unpredictable world.
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  • Profile picture of the author Kange
    thank you for your comments

    Not necessarily the amount you would need every month/year to survive off but how much you would like to have to be comfortable, still do your hobbies, work, socialise etc.

    I would be happy with 1,500-2,000 a month if I was solely doing my online business and just live off that. So the yearly amount id be happy to live off would be about 25,000

    At the minute im doing both with working day job which i enjoy and also websites and saving alot but if I was to stop juggling a few things and just have the one income from one of my business i would settle for around/just 25,000
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  • Profile picture of the author anaconda
    We need about $4,500 per month before tax to survive. That covers costs of IM business and all living expenses (food, mortgage, phone, power, insurance etc)
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  • Profile picture of the author Norfolk
    At this point I would make do with 1k a month (about 700 pounds). From August this would have to be at least 2k.
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  • Profile picture of the author louise0evans
    A salary i would be happy with would be £10k a month
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  • Profile picture of the author genuine86
    I feel like I can live comfortablely raking in $5,000 a month.
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  • Profile picture of the author Go4DBest
    Definitely, it varies from one country to the other. For my current location right now, I can live with 500 USD and it's really quite big here.
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  • Profile picture of the author pahsurf
    I would go by with 2k/month. Economy is tough these days.
    that enough?
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  • Profile picture of the author MonopolyMan
    I've still not really left the student lifestyle and before I was in IM I was making around 400/month with my part time job.

    Now I make a lot more but I'm always scaling up and reinvesting so I don't really have much more in terms of walking around cash.

    I could keep the roof over my head and things ticking over with maybe 1k/month.
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  • Profile picture of the author Mcoroklo
    My girlfriend and me can live off 1700 dollars a month in Denmark. However, we can't afford a kid there.

    (Fun fact: An average job in Denmark for anyone with a bachelor+ education is probably 7000$ )
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    • Profile picture of the author Suraj Muralee
      Originally Posted by Mcoroklo View Post

      My girlfriend and me can live off 1700 dollars a month in Denmark. However, we can't afford a kid there.

      (Fun fact: An average job in Denmark for anyone with a bachelor+ education is probably 7000$ )
      Reall? Is the cost of living high?
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  • Profile picture of the author rmolina88
    $2K

    My rent + food + gas is half of that and the rest would go into my IM ventures.
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  • Profile picture of the author dgmufasa
    I can survive off of $2600 but really *need* $3K at a minimum per month. $10K per month passive income would be the start of a wonderful world.
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  • Profile picture of the author Tim_Carter
    We need a minimum of 4k. Not sure why. We have no debt other than the mortgage which is $800 / month. We just spend 4k + somehow.
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    • Profile picture of the author Dan Curtis
      Originally Posted by Tim_Carter View Post

      We need a minimum of 4k. Not sure why. We have no debt other than the mortgage which is $800 / month. We just spend 4k + somehow.
      It really helps to have a budget.

      For example, I know every penny I spend.

      I set aside money each month for predictable major expenses -- like property taxes and insurance -- and when the bills come in the money is sitting there.

      I also set aside $1800 a month for investments into my websites --programming expenses, outsourced article writing, WSOs or whatever else I feel like buying -- so I don't have to worry if I want to buy something.

      The rest goes into savings so I won't have to eat dog food when I'm older.

      Since my kids are out of the house we don't need nearly as much money. But still I like to have about $35,000 a month to live on.
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      • Profile picture of the author theverysmartguy
        Originally Posted by Dan Curtis View Post

        Since my kids are out of the house we don't need nearly as much money. But still I like to have about $35,000 a month to live on.
        Sorry, but is $35,000 a typo? Is that in USD or something else. Not sure I know anyone who NEEDS a min of $35,000 to live on per month. You must have some pretty high expenses.

        -- Jeff
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        • Profile picture of the author Dan Curtis
          Originally Posted by theverysmartguy View Post

          Sorry, but is $35,000 a typo? Is that in USD or something else. Not sure I know anyone who NEEDS a min of $35,000 to live on per month. You must have some pretty high expenses.

          -- Jeff
          Jeff,

          No, that's not a typo. It is $35,000 in US dollars. But the dollar doesn't go as far as it used to.

          I pay about $12,000 per month in income tax, so that only leaves $23,000. The last time I went to a movie a small popcorn was $5.60. So it adds up.
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  • Profile picture of the author pj413
    I would love to say I could comfortably live off a salary of $5k or less but living here in San Diego that just doesn’t seem possible. At this present time my monthly expenses are $19k and doesn’t account for business costs because I always keep that separate. I’ve actually even put everything down on paper to see what expenses could be cut, but I was only able to really save $1,600 per month
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    • Profile picture of the author Kange
      Originally Posted by pj413 View Post

      At this present time my monthly expenses are $19k and doesn't account for business costs because I always keep the separate. (

      Thats a lot of money to be spending each month
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      • Profile picture of the author pj413
        Originally Posted by Kange View Post

        Thats a lot of money to be spending each month
        I absolutely agree! Its almost impossible to cut cost when your mortgage alone is $13k
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        • Profile picture of the author cashp0wer
          My family can live off of $3,000 a month if we have to. Of course, we would rather live off of $5,000 or more, and we do most of the time. We will soon have our house paid off so that number can go down.
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        • Profile picture of the author Andy Hart
          Originally Posted by pj413 View Post

          I absolutely agree! Its almost impossible to cut cost when your mortgage alone is $13k
          Move house, sorted, and your very welcome :p
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          • Profile picture of the author apoorv.parijat
            Originally Posted by edvvardbrian View Post

            Depends on where you live. I think 10k per month is enough ANYWHERE in the world, but in places like Central Europe even 2-3k is enough, and at places like India and China even 500$ per month is considered VERY high. But again, the expectations and the "quality of life" is different. Also, if you plan to travel a lot and take part in all sort of exciting adventures like I do, an extra 5$ per month never hurts! But to just cover the essential expenses, I think 2-3k could do it.
            It'll depend on where you live in India. In cities like Bangalore, Delhi, Mumbai (!), etc, a decent 3B home can be $500/month, easily (talking about a decent location). In a second-tier city in India, for a single person, $500 would easily be more than comfortable.

            --

            I can easily live off of $200-250 a month however, that would be after taking away my rent and all the other monthly expenses that I have currently.

            That's far from the current reality though. With my rent and every other small and big monthly expense, anything less than $1500~ wouldn't cut it.
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        • Profile picture of the author bchez
          Originally Posted by pj413 View Post

          I absolutely agree! Its almost impossible to cut cost when your mortgage alone is $13k
          I jut threw up in my mouth a little. Pricey in CA!
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  • Profile picture of the author TolyZ
    10k / month would be perfect.
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    • Profile picture of the author philhunter
      Here in the U.K I will need £5k a week soon just to fill up my car, but seriously I could live off next to nothing if I had to, house is paid for so I guess I just need money for bills.
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  • Profile picture of the author thatkeywordguy
    Most of the world lives off a few dollars per day.
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  • Profile picture of the author PPC-Coach
    I could live off $10,000 a month comfortably.

    Anything less would give me stress.

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    • Profile picture of the author nik0
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      I could live of 700 euro / month if I really needed to, I'm from the Netherlands. Heck I could even drive a car for that amount but it should not break
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    • Profile picture of the author magiclouie
      Originally Posted by PPC-Coach View Post

      I could live off $10,000 a month comfortably.

      Anything less would give me stress.

      With that amount, one will live like a king here in the Philippines.
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  • Profile picture of the author AlexMcLeod
    I currently live off of about 1600 per month. That's including paying extra toward debts, so could probably do lower if I had to, but I'd prefer higher.
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  • Profile picture of the author josephseeley
    I can live off of just about any salary. I'm very low maintenance though.

    I lived for about 3 years on $250/mo to $350/mo in the Philippines. That's including visa costs which were about $50/mo after everything was accounted for. Always made more than that, but that was all I personally spent.

    At about $500/mo there it would become very comfortable for one person. You could rent a place on the beach, spend your days snorkling or napping in a hammock, and maybe even hire a maid/cook at that income level.
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  • Profile picture of the author HappyLuke
    I could live off a few grand, geez, I do already!
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  • Profile picture of the author purpleraven
    Million dollar dream is just a dream for most. I reasonable salary such as $75,000 to $100,000 is very achievable, it took me a while to get there. Actually, I am still working up to the higher end of my range but I have learned a lot and each month I am having greater and greater success.
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  • Profile picture of the author Mav91890
    I am working on making my household sustainable. After that I could probably live off of $200 a month, just because gas is so high.
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  • In 2003 I was getting by with less than $1,000 a month sometimes.

    These days I feel lucky to know that I earn a very good living (I won't go into specifics...no need.)

    But here's the pitfall: no matter how much you make, there's always something ELSE you'll want and worse...feel that you NEED.

    This is why you see people that earn half a mill a year filing for bankruptcy because they overextended themselves.

    And why you see families of 6 living comfortably (and happily) in a small house on a salary of >$30k/yr.

    A lot of people in this thread are on their way to making a lot of money. If I could impart one small word of wisdom is this: no matter how much you have now, live below your means. Even if only slightly.
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    • Profile picture of the author ProPowerSEO
      Originally Posted by Daredevil Marketing View Post


      But here's the pitfall: no matter how much you make, there's always something ELSE you'll want and worse...feel that you NEED.
      So true. Regardless of what you earn, you will always feel broke, unless your lifestyle doesn't match your income, which is rare!
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  • Profile picture of the author eastwest97
    I've been homeless with a child no less so I can live on next to nothing. But that was years ago, thank goodness. Today to pay my current living expenses and have money for a few extras (e.g., full tank of gas), I would need about $2500/month minimal.
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    • Profile picture of the author nichemaker
      We could probably get by on $2,000 monthly or $24,000 annually provided we were debt free (which will be soon) with our current family size. Ideally, though, we should be comfortable at around $4k monthly, and that's for a family of soon-to-be five.
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    • Profile picture of the author robvegas626
      Dude, your question ("How much could you live off") suggests to me that you have some pretty major limiting beliefs about yourself and your business.

      Personally, I don't want to make enough money to "live."

      I've got enough cash in the bank to "live" for the next 20 years. Who cares? I still wake up every day and kick ass to make more...because I love what I do.

      If you think in terms of "how much salary do I need to live off," it's OK if you are stuck in a job you hate and you want to do IM full time. But if you're already doing IM full time and are thinking in terms of "how much do I need to live off," you need to re-adjust your mindset and start thinking in terms of, "What does my conversion rate need to be if I'm going to buy that mansion in Brazil within two years?"
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      • Profile picture of the author Kange
        Originally Posted by robvegas626 View Post

        Dude, your question ("How much could you live off") suggests to me that you have some pretty major limiting beliefs about yourself and your business.

        Personally, I don't want to make enough money to "live."
        Yes money to 'live' off to enjoy things, still have an income from your business and enjoy going out and holidays and living your life comfortably, stable, in a way care free and having your house and supporting your family etc. Realistic income you would like to do these things.
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    • Originally Posted by eastwest97 View Post

      I've been homeless with a child no less so I can live on next to nothing. But that was years ago, thank goodness. Today to pay my current living expenses and have money for a few extras (e.g., full tank of gas), I would need about $2500/month minimal.
      Right.. Bills and expenses alone put me over 3k monthly, plus another 1k minimum I invest into my ventures. To be honest I think 10k a month is a comfortable number, it all depends on how you live. I like to drive nice sports cars and watch boxing matches on huge mounted televisions... bad habits I know, but I was once told it was my right as an American spend money how I choose to..

      I remember the days when I could live off of a small budget... the days before I had my own house and stuff that goes in or out of it.
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  • Profile picture of the author stevenfabian
    Depends on where you live. I think 10k per month is enough ANYWHERE in the world, but in places like Central Europe even 2-3k is enough, and at places like India and China even 500$ per month is considered VERY high. But again, the expectations and the "quality of life" is different. Also, if you plan to travel a lot and take part in all sort of exciting adventures like I do, an extra 5$ per month never hurts! But to just cover the essential expenses, I think 2-3k could do it.
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  • Profile picture of the author bruday
    I need $2k/month
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  • Profile picture of the author vtotheyouknow
    In San Francisco, I've lived on about $2500/month.

    About $1500 of that went to buy high-quality food:

    -grass fed meats
    -free range eggs & poultry
    -grass fed butter
    -vegetables
    -berries

    IMHO, YOU are your number 1 business asset & investment; nurture it.
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    • Profile picture of the author c.t.coburn
      thankfully, I have a job with great benefits so the salary is almost an afterthought, I COULD scrape by on $400 - 500 a week (but I don't know how anyone could really save making that??)

      my sideline goal (some months yes, some months no) is to earn as much as a person would earn on minimum wage working full time.

      I refer to this as "Uncle Jake's money" after a departed relative who always had a little cash income from something (selling cattle, repairing sewing machines later, etc).
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  • Profile picture of the author David Sneen
    I hate to be a contrarian. We are talking minimalist here. I don't know about you, but I wish to expand my income. So the question of what is the minimum I could live on is irrelevant.

    What income am I seeking? I would like to live comfortably on 1/3 of what I earn. I want to give 1/3 away; charities + help my daughters raise their kids. I would like to invest 1/3. I can live comfortably on $5000/month after taxes. So, that means that I should earn about 20,000/month.

    I am making strides to make that happen.

    Keep thinking MORE! Good luck in your quest to earn money online.
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  • Profile picture of the author nickdamodda
    Comfortably? There's no amount. I always want more.
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  • Profile picture of the author emasaa
    For the business no less than 6k a month to survive or breakeven.

    Personally, pretty happy with 2k a month as I'd never use it coz of being online most of the time.
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  • Profile picture of the author dennis09
    If worse comes to worse, I could scrape by with $1,500 and be able to pay all the bills and keep gas in my truck. But at the rate gas prices keep going up that will be subject to change.
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  • Profile picture of the author sqnwk
    I can live comfortably making $5,000 - $6,000 a month, but the bare minimum I need is at least $2,500 after taxes
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  • Profile picture of the author Clandog
    Banned
    I make ~ 800 dollars an hour if I work, trouble is that i'm lazy
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  • Profile picture of the author Brian Tayler
    I can honestly live on whatever I'm given. Once I was at a low income of $12,000 a year (after being $62,800 a year) and made it work. The point is if you put your mind to it (give up stuff) you can live on just about any income level. Now I live comfortably on $6k a month and bank any company profits above/beyond. Just realize what you want in life, what that'll require... and go after it.
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  • Profile picture of the author Victoralexon
    I could live quite comfortably off of $800 after taxes. Not much, but I would get by. I am not a big spender anyway, fortunately.
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  • Profile picture of the author Kal Sallam
    4k sounds pretty reasonable to me.
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  • Profile picture of the author Samrath Gupta
    I can live on $3K/Month

    Thats my minimum
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  • Profile picture of the author thinktwice
    4000$/month would be OK, no debt expect for the mortgage maybe.
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  • Profile picture of the author Kange
    Thank you for all your comments. Some very interesting figures being thrown about.
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  • Profile picture of the author sarah87
    pretty much nothing
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  • Profile picture of the author BridgetSielicki
    My goal right now is $5K/month. That would help us to pay off a lot of student loan debt and start saving money for a house. Its pretty expensive where I live too, right outside NYC.
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  • Profile picture of the author Roan
    comfortable 5K I would say. This is my first long term aim
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  • Profile picture of the author KateOranum
    Depanding on what sort of livestyle do you live - going from 500 to a grand..
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  • Profile picture of the author theory expert
    Banned
    Technically speaking you can live off any salary you have to live off of simply because you have no choice. I guess what I am saying is be grateful for what you have because someone is doing a lot worse than you. Maybe physically if not both physical & financial.
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  • Profile picture of the author funmom91
    I could live comfortably with $4000. But, I could maintain at $3,000
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  • Profile picture of the author Jere Kuisma
    I could probably (if I think about living on my own, as currently I'm living with my parents) live fine with even less than $2,000 a month, but I wouldn't be happy with it.

    And you said that all of us are dreaming of the millions; I ain't actually. I'm dreaming about earning 3,000 euros a month from an internet business('s). This is the average salary in Finland and being able to earn it from home and from my very own "effort" (not working for someone else) would be amazing.
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  • Profile picture of the author Michael Ten
    In order to quit my day job, I would want to be earning at least $95,000 from diversified income streams.
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  • Profile picture of the author jgant
    Unfortunately I need quite a bit with student loans a new baby and being a single income household (for now). I also live in an expensive region where homes cost $450K (for a townhome). Yes, I could move, but we like it here. Once the loans are repaid (4 years remaining), our income requirements will be cut down considerably.

    So far I generate more each month than I need to live on which is my goal. I hope to widen the gap more each month.

    Debt is a killer and I can't wait to get rid of it. I have sufficient cash to pay it off, but I prefer having a cushion to get by in a pinch.

    Avoid debt as much as you can. Student loans are often necessary for an education, but they are chain for years post-school. I don't regret them, but they hurt.
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  • Profile picture of the author chenkev
    I think I'd need at least 2k/month...Everything is so expensive down under
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  • Profile picture of the author thatkeywordguy
    very little - but my car keeps breakinggggg
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  • Profile picture of the author Irwin Dominguez
    For me - not much at all. Currently, I have a decent salary from my day job, but because I don't spend money really (I'm an accountant by trade so my wallet by default is closed all the time), I don't have a mortgage, I have no kids, I have no debt, my wife makes a really good salary (and she buys her own stuff) - most of what I make is dispensable income and some bills I have are discretionary (cell bill with data plan, aweber account, etc.) .

    So... the bare minimum for me would be ~$1,200/ month (pay half the rent, some bills, and have some spending cash).

    But no one wants to settle for the bare minimum!
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  • Profile picture of the author ttdub
    I could live with about 1500 dollars.
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  • Profile picture of the author Jerremy
    I currently could live with just 800 dollars a month(, but I don't make that amount of money with IM yet (it's 0 at the moment)).
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  • Profile picture of the author kayebee
    I could live nicely with 2k a month. I'm making the bare minimum to get by now but I'm aiming for 2k. Once I achieve that I will create another strategy to make more. One step at a time...
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  • Profile picture of the author OldLodgeSkins
    It all depends if we talk about "surviving" or actually "living"...

    I could survive with $800 - $1000 a month. That's actually roughly what I'm living with right now anyway.
    Now to really live and considering that big project that's been turning in my head for a couple of years which involves a lot of traveling... $2000 would probably be a minimum.

    Seb.
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    • Profile picture of the author Emily B
      I could survive off of ~$600 a month, but preferably $1100+ a month so I can pay for tuition. I'm hoping to get a bike some soon, that'll cut my gas bills down and I could probably go with ~$500 a month or so.

      I rent and have a roommate, so that makes it easier.
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  • Profile picture of the author WebPen
    Live off of? Nothing.

    Feel comfortable? $10K/month.

    Feel really comfortable? $20K/month.
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    • Profile picture of the author Shawn Wilson
      Originally Posted by Justin Stowe View Post

      Live off of? Nothing.

      Feel comfortable? $10K/month.

      Feel really comfortable? $20K/month.
      Justin you read my mind! LOL!!

      You are spot on.....
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  • Profile picture of the author gasman
    I could never be happy with a set number I don't think. I'm addicted to making money. However, I could live comfortably on the low six figures after taxes if I had to. That would give me enough to where I wouldn't have to stress about bills, and still had money to have fun with. However, I wouldn't get to live in my dream home, drive my dream cars, etc. For this reason I would never limit myself on my earnings, and why would you want to?
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  • Profile picture of the author SuperCopywriting
    A few months ago I broke down how much I actually needed to live my life the way I wanted - including paying off debts, vacations, training and classes to increase my skills and knowledge, etc... and in order to do everything I desire would take at least $10,000 a month or even better...
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  • Profile picture of the author thatkeywordguy
    I'm in about the same boat...
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  • Profile picture of the author Puta
    I could live off 20k a year... but I would be happy with 100k.
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    • Profile picture of the author Lance K
      My Wage...
      I bargained with Life for a penny,
      And Life would pay no more,
      However I begged at evening
      When I counted my scanty store;
      For Life is a just employer,
      He gives you what you ask,
      But once you have set the wages,
      Why, you must bear the task.
      I worked for a menial's hire,
      Only to learn, dismayed,
      That any wage I had asked of Life,
      Life would have paid.

      ~Jessie B. Rittenhouse
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      • Profile picture of the author CallOfTheMild
        What I can survive on per month? It would be $2,000 a month to live decently. Nothing exciting, a treat for myself or pets every month but nothing major. And I sure couldn't save a whole lot with that.

        What I would like to cover hobbies and interests? WAY more than that. Not because I want to take lavish vacations or drive a Mercedes, (although...would be nice), but because I want to buy a lot of land and open up an animal sanctuary. Even though it would be non profit, it still requires a whole lot of money. But that's what I would love to do more than anything else in this world.
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  • Profile picture of the author RealWorldMyth
    $3,000 a month. I think honestly, once you hit a certain point to live comfortably or to live the way you want, the money doesn't matter as much, but the exciting projects do!
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  • Profile picture of the author Joseph Robinson
    Banned
    My first year out on my own, I worked for Burger King and just barely cleared $10,000 before taxes as a crew member. I survived just fine. People who can stick to a budget can survive on just about anything as the baseline cost of living is a lot lower than people realize.
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  • Profile picture of the author EddieWade
    Banned
    It depends on where you live and on what standards you have. Some countries are really expensive, so you need more.
    For me...I think around $1000 would do just fine.
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  • Profile picture of the author Yulia from DNP
    You get more, you want more, you spend more, thats about how a person is living.
    We can live at no salary at all :- )
    The problem is that nothing is never enough.We always want more.
    The more we get - the higher get the standards and the " minimum" for living changes.
    By the way London is a not a good place to make an example of , in terms of living.
    It very expensive to live there, and you get small apartments, thats the standard.
    I can assure you that , as i have traveled a lot, and had to live for a long time in different places, where i had to have apartments for over a month.
    You should try Countries like Netherlands, Sweden, Australia.
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  • Profile picture of the author nmb
    I reckon a gross £2000 minimum - after costs and tax about £1500
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  • As per my current living standards, I'd say around $5,000 net per month.
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  • I would live comfortably with $2,000 a month. To survive, $500-$1,000 a month will do.
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  • Profile picture of the author umamaji
    For me 1K is enough as i am a student, studying in university, and have no wife, so not much expenses...
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  • Profile picture of the author dlo2592
    I could honestly live on $1000 a month, though I'm also getting into IM to help pay for college.

    Rent where I'd like to live would be about $400-$500. The rest, since I've been in college for about a year and a half now, would be manageable, if I weren't to spend on luxuries.
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  • Profile picture of the author keshavjha
    I used to work in a dead-end job... slogging from 8+ in the morning to 9+ at night.
    To everyone else, I had it made - I was a college graduate, working in a respectable multinational corporation and earning a fairly decent salary.
    Yet, somehow I wasn't happy at all!
    Perhaps it was the long working hours... Perhaps it was the unavoidable office politics. Whatever the case, I soon found myself dreading going to work every day and I hated it. soon i started raking big everyday from immense power of online marketing and soon become my own boss, Basically, i learned Law of Attraction which means is everything we attract into our lives is due to our thoughts and that "Like attracts Like".
    What this means is that if we keep thinking a certain thought (positive/negative) over and over again with strong emotion, we manifest what we think about into reality.
    In other words, we attract what we focus on.
    So if we focus on lack, we attract it. If we focus on abundance, we attract that.
    Thoughts lead to feelings which lead to actions which in turn lead to results.
    If we want to change the results we get in our lives, we need to start by changing our thoughts.
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  • Profile picture of the author Gsdlady
    I could live off 1,800 a month for my monthly living expenses. Be nice to have an income of 10,000 a month so I could put some away for retirement and pay off my house.
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  • Profile picture of the author jpsween88
    Its always nice to get an idea of what people are actually making online. I have been promoting empowernetwork for 7 months and I've made about 35k so far. Not to bad I'd say
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  • Profile picture of the author Vikram73
    I need about $250,000 per year to live comfortably.

    - Mortgage payment
    - Money towards retirement
    - Money towards 3 vacations a year
    - Money towards weekend entertainment
    - 3 kids - saving for their college
    - etc. etc. etc.

    This puts me in a position where I can buy things without thinking much about it and still save a great deal towards vacations, college for the kids and an early retirement.

    Now realistically - I can "survive" on probably $80K a year (move to a less affluent part of the country, downsize a good bit, vacation and travel less, eat in more often, stop buying expensive things, work till I'm older, tell my kids to suck on it and pay their own way through college etc.).

    But - there is a huge difference between "surviving" and "living".

    Money may not buy you happiness but it can enable it.
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    • Originally Posted by vikramd View Post

      But - there is a huge difference between "surviving" and "living".
      Sure, this is the key thing here: are we working just to "survive" or to have a "comfortable living"? I guess we could all survive with $1,000 a month but... what's the point in working your butt off just to drag yourself on for one more day?
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  • Profile picture of the author murphyslaw
    Cost of living varies per location of course. I wouldn't mind getting an increase in my monthly income. I've had people work for me who were happy to reach $1k a month net income. Another $1k would shift their entire lifestyle to the next level.
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  • Profile picture of the author michaeljcheney
    Not much as my internet marketing over the past 10 years or so has already taken care of mortgages and other "nasties" out there. But $20k a month would keep me in the life I've become accustomed to, as they say :-)
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  • Profile picture of the author thatkeywordguy
    Nice. That's a lot of cash...
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  • Profile picture of the author Viramara
    In my country I can live lavishly with $2000 a month. Hit $5000 and you can live very very lavishly. . I knew a girlfriend whose father makes $8K a month and has a house like a mini castle, with lifestyle like Paris Hilton.

    Average salary in here is between $150 - $300. Above $300, it means you're doing well in your job. For the moment, I'm living as a student and only need $70/month to survive, but that's not included tuition fee, research cost, and dorm rent bills. So far my IM earnings can cover all these cost, but leave me a few to scale up. A student becoming financially independent from parents can be a challenge
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  • Profile picture of the author webmonopoly
    hahaha some people saying the need 10-20k a month...what are you guys doing, handing money away to bums or just pissing it away on alcohol?
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    • Originally Posted by webmonopoly View Post

      hahaha some people saying the need 10-20k a month...what are you guys doing, handing money away to bums or just pissing it away on alcohol?
      Paying off students loans, paying for children's health/dental bills because of lack of employed coverage, paying for a house and multiple vehicles so me and my wife and get around, investing money into soon-to-be-failed IM campaigns trying to find a winner, eating good meals every day, going on vacations across the country, going out on the town once a week.. Just to name a few.

      Well I have a friend in California who banks way more than that, and I guess the 100k watches are only "entry-level", so it just depends on how much money you want to make in your life.

      Please note, I am not saying I would spend 100k on a watch, that is to much for me. But if you see the comments on all of the expensive watch threads on Amazon, they are hilarious!
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  • Profile picture of the author Tarismo818
    20k a year? no way!! 100k for sure
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  • Profile picture of the author Anoopchawla
    Here in India I can survive on $500/month without sacrificing much.
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  • Profile picture of the author tmoby
    1000 a month is rent and food, but would mean no fun and no school. No cell phone or any nice perks. I would hate it, but i could live!

    It actually makes me feel bad that that's the lowest I could live off of in Canada compared to other countries.
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  • Profile picture of the author greenowl123
    I could live on $800 a month here in Lima, Peru (although maybe that would change in the near future since inflation is here now due to the middle class growing fast).

    At the moment, I live VERY well here on about $3,000 a month.

    Of course $6,000 would be even better !
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  • Profile picture of the author Viramara
    A quote from "Princess and the Frog" movie :

    "What you want? What you need? Are they the same? NO!"
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    Those who have time and search for a better time will lose time (Sufi Proverb)
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  • Profile picture of the author jed82
    Amazing how this has turned into the "LOOK HOW MUCH I EARN" thread...it was a valid question from the OP.

    Some of the Americans supposedly earning upwards of $6000 dollars per month yet still worrying about petrol (gas?) prices?? You have the cheapest petrol in the Western world, about a quarter of the price in the UK...10 gallons in the UK today is about £60.
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  • Profile picture of the author Gambino
    I'd have to rake in about $3000 after taxes per month to live comfortably. I could get by on about $2000 after taxes.
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    • Profile picture of the author sethdrebitko
      I could comfortably live on $25k, but I would like $50k. <- With a family.

      Anything above this I would be just straight investing/donating.
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  • Profile picture of the author rahulrockerdwor
    passive $4 k a month and ii could manage myself but talking about the want well want can never finish...can it?
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  • Profile picture of the author BudaBrit
    My g/f and I have been living off £350/month between us in the past. Here in Budapest, that is. Now, before expenses, we would need around $750 to live OK and $1000 to live pretty well for us.

    That's between us, though, and it's damn low I love that we can eat off of less than $5 for both of us for a day. And eat well! Roast chicken, risotto, cordon-bleu. Budapest can be damn cheap if you know where to look

    Looking to hit $1200 myself this month, for the first time since I've gone online
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