$50,000 a month is NOT big money....what is big money to you?

127 replies
Helllloooo everyone....

So what is "big money" or "a lot of money"to you? $10,000 a month...
$200,000 a month?


==I've added a poll above...please vote!

Everyone has a different perspective.....

For some people even if they are only making $2,000 a month...
$20,000 a month isn't "big Money" to them. Because there mindset it...
I know I can make $20,000...a lot of people make $20,000 online..so that's
not big for them....


With some people..the "Big Money" figure gets higher as their income increases...
Example...once "a lot of money" may have been $10,000 per month..but now they are doing $50,000 per month...so now "big money" to them might be $500k a month.

The question is...what is "Big Money" or "a lot of money" to you?

Giving light to your life...

Lyfe Lyte
#$50 #a lot of money #big #big money #how much money #money #moneywhat #month
  • Profile picture of the author HostWind
    I read this here somewhere I believe. A salary increase of $1000, makes a much larger difference in someone lifestyle than 2 or 3000. Something like that..

    We adapt to what we have. So likely a marginal increase is going to be big money for anyone.
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    • Profile picture of the author ebtek
      Originally Posted by HostWind View Post

      I read this here somewhere I believe. A salary increase of $1000, makes a much larger difference in someone lifestyle than 2 or 3000. Something like that..

      We adapt to what we have. So likely a marginal increase is going to be big money for anyone.
      interesting angle and it makes good sense.
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    • Profile picture of the author ahprofits
      For me big money would be in the ballpark of $30,000 a month. We currently are pulling about 5k and this amount of money would be life changing for me right now. I agree that the higher your income goes then the higher the "big money" amount becomes because that would be true with me. I know when I was a kid I though $100 was BIG MONEY and I could buy a lot of things with that money. Now as an adult and having bills, living costs, etc. we all know that $100 is NOT big money. I know if you set your mind to something, like achieving a "BIG MONEY" income, and do the right steps towards that goal, then it will eventually be reached!
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  • Profile picture of the author Izerman
    I would consider $50,000 a month "Big Money".
    (I'm not claiming to make anything near that lol)

    /Izerman
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    • Profile picture of the author Bruce Wedding
      It's fun to talk about things like this but to say $50k is not big money flies in the face of the facts. 99 out of 100 people in the US make less than $20k per month.

      I can't find any stats about the percentage less than $50k but the percentage that make more than $1.6 million ($133k/month) is around 1 in a 1,000. From those numbers, we can guess that about 1 in 300 makes more than $50k/month

      I do get your point, that $50k is not big money. I agree. I'd lean more towards $200-300k per month as being great money. But it's hard to argue that $50k is not big money since the VAST majority makes much less.
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      • Profile picture of the author YoungAndOpulent
        Banned
        Originally Posted by Bruce Wedding View Post

        It's fun to talk about things like this but to say $50k is not big money flies in the face of the facts. 99 out of 100 people in the US make less than $20k per month.
        If we want to get extreme, a high percentage of people make less than $20k a year.
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  • Profile picture of the author theory expert
    Banned
    Start at $1 million a month in profit then we can feel semi relaxed. Big money is in the eye of the beholder though..

    Thread needs to be moved 1 or 2 places. The Off Topic Forum or Mind Warriors - Success, Power, Self-Improvement

    see you there
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  • Profile picture of the author nick8820
    I think when you have $50K/month income, you better take some time for yourself and stop thinking only about money, that money must be used
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  • Profile picture of the author headmaster211
    Banned
    I am not so crazy about money. I just need enough to have my mental peace. Get everything I want without worrying. It could be10,000$ one month and 1,00,000$ next month. I should able to continue with my life style even if I don't work for few years.
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  • Profile picture of the author John Atkins
    Of course $50,000 Monthly is a lot of money. How much
    does your average worker earn? $2,000 monthly? The
    former is 25 times more. So it's definitely big money.
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  • Profile picture of the author YoungAndOpulent
    Banned
    That would all depend on where you are financially. For me, I'd like to make a million dollars a month. I'll get there one day. Then when I get there, I'm gonna wanna make $2 Million dollars a month.
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  • Profile picture of the author prbindia
    what is important to me is peace of mind....i earn $700 a month from internet marketing + freelancing the amount is more than enough for me and my family all the necessity are easily satisfied with the amount i earn, i don't want to increase it
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  • Profile picture of the author Lyfe Lyte
    As I figured...many different points of view on this....this is no "wrong" view on this of course...

    And indeed...agree...compared to what the average worker makes in the USA...it is far above them if you are at $50,000 per month...in fact you are then in the top 1%..the top 1% make $380k a year+

    I am wondering though....as with anything in life with repetition...we get use to it.

    I remember when I was young and working some crap job and making $8 an hour or whatever...If I seen someone making $20 I was like wow that's a lot...

    But of course now that's not a lot to me at all....

    I think with the more that you make....the more you get use to that amount...and it's not a lot to you anymore...well for me anyway. Not that I'm not thankful for how much I get or take it for granted...

    I'm happy for all increase I get. For me...I just get use to the money if I'm at the same level...then want to shoot for higher...so what once was "big Money" for me before....when I reach that...and been there for a bit...I"m like ok..that's not big now lol..whats next...
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  • Profile picture of the author sdentrepreneur
    That is funny or a omen you posted this poll. I just addressed my goal of $50K by end of this year. Feeling good about hitting it !!

    http://www.warriorforum.com/mind-war...-revealed.html
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  • Profile picture of the author aroth
    50,000 Gross is great but your not keeping it all, 50,000 net is awesome. I'd still say $100,000 net income per month is big to me as it's my current goal.
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  • Profile picture of the author Alexa Smith
    Banned
    Originally Posted by Lyfe Lyte View Post

    With some people..the "Big Money" figure gets higher as their income increases...
    Example...once "a lot of money" may have been $10,000 per month.
    Yes, I'm sure.

    In 2008 and some (maybe most) of 2009 I thought $10,000 per month was "big money".

    Now I instinctively think $50,000 per month will be "big money".

    It depends how you're doing, doesn't it? And maybe on some other things, too.

    I'd be desperately disappointed (not to mention extremely concerned!) about a $10,000 month now, but that doesn't really change the fact that, by most standards, "objectively", it is actually "big money". If you compare it with the average national income (wherever you live!), and so on.
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  • Profile picture of the author Adie
    $10/month is enough for me but $50/month is big enough that I can go anywhere I want (except the moon)
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    • Profile picture of the author brazosbelle
      Hey Adie,

      I think you will be able to get to the moon pretty soon if you make
      $50k a month!

      Patti
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  • Profile picture of the author kaymehelp
    My best was 15000$/month
    so big money for me FOR NOW is 20K$
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  • Profile picture of the author MattStevens
    BIG money is whatever number it takes for you to live every day of your life the way you want with no worries
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  • Profile picture of the author TolyZ
    I make 20k / year. Now imagine if I'd make 50k / month, I don't know what I would do.
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    • Profile picture of the author Lyfe Lyte
      Originally Posted by Alexa Smith View Post

      Yes, I'm sure.

      In 2008 and some (maybe most) of 2009 I thought $10,000 per month was "big money".

      Now I instinctively think $50,000 per month will be "big money".

      It depends how you're doing, doesn't it? And maybe on some other things, too.

      I'd be desperately disappointed (not to mention extremely concerned!) about a $10,000 month now, but that doesn't really change the fact that, by most standards, "objectively", it is actually "big money". If you compare it with the average national income (wherever you live!), and so on.
      Indeed Alexa..those are my thoughts as well....once you reach a certain point...it doesn't seem "big" to you after you've been doing it over and over
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  • Profile picture of the author thinkoutthebox
    Its not about the money
    its about how much time
    and effort it took you to
    get it

    Lets look at easy way to
    get 50k

    Hosting Affiliate marketing

    You can put together a video
    advising people how to set up
    a website and why they need
    it in there niche

    400 plus people watch that video
    in a month and you will receive
    50k+ in 60 days or sooner

    It all depends on what you do to
    get the money

    50k is good money
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  • Profile picture of the author Lyfe Lyte
    Any of us in the Wf have the ability to make $50k...or whatever your "big money" goal is per month by the end of this year..I believe that 100%

    Even if your only making $100 a month online right now...there is NO reason you can't be making $50 a month by December....But....that means no more excuses...

    No...I don't have time
    No...I tried and it didnt work..nothing works..
    No....being lazy...drive 100%...100% of the time
    No....I don't have enough money
    NO...I don't have a mentor
    NO...I don't have enough time...

    The only thing that is stoping you from reaching your "big Money" is you...

    Yes-there are multiple stories of people making a few dollars a month...to all the sudden 10-20 then $50k+ very rapidly....

    There is no reason you can't as well...

    Anything is possible...don't let anyone EVER tell you different...

    Lyfe
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  • Profile picture of the author JasonRH
    Well, I make less than $40K per year at my day job...and if I were making enough to cover my expenses working for myself fulltime, I would be happy to earn even less. Although definitely I have my sights set much higher!
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  • Profile picture of the author glowworm
    Banned
    Big money is whatever makes you happy whether it's £10 or £10,000 a month. And it's true, money can't buy happiness.
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  • Profile picture of the author TheWrightWords
    I think somewhere between 20-25K, so I picked 10 instead of 50, it seemed closer!
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  • Profile picture of the author Weedy92
    I hover around $40-50K/M online, it's given me plenty of investment opportunites offline to expand my wealth. At this point I don't consider there to be "bigger" money to catch, when you get to a certain point your wealth just growns on it's own. The best descion I ever made was taking the paychecks online and investing them in local ventures. I don't see how anyone can complain they aren't making enough at that range, I still am thankful and passionate towards newer guys trying to get their footing in IM.

    Also wanted to add sure you can break that, but it's not worth the stress and added work load to me.
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  • Profile picture of the author Troy_Phillips
    Enough to keep the little hillbillies in Moon Pies and RC Cola is my main target as of now.

    Seriously, it is dead easy to make money from home. My 8 year old made almost $200 in less than 15 minutes.

    He is grounded from the printer until further notice.
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  • Profile picture of the author MrMonetize
    I think you need to consider the national average wage, which here in the UK isn't a lot, I would guess without looking at about $15k per year. So if you were earning that per month, it has to be considered big money.
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  • Profile picture of the author wackiin
    To me big money used to be $100,000 a week but then i got stupid and lost it all starting over now50 cent a week is big money LMAO biggest thing ive learned is when you get there be smart with it spread it out over alot of things at one time my living expences where 10k a week on stupid stuff .its funny what you learn when you been there and lost it and take a look back.
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  • Profile picture of the author Randall Magwood
    $50,000 a month is good with me. I wouldn't have any complaints.
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  • Profile picture of the author infomaniacs
    $10k a month from purely online activities would be big enough money for me to retire from my salaried job. It isn't that much if I have to work 40 hours a week though
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  • Profile picture of the author Virtualghost
    Depends you claiming this to IRS or Revenue Canada.Tax brackets and how you claim your tax can make less become more.Tax write offs alo of factors.You see actors making millions only to go bankrupt.
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  • Profile picture of the author SeoDemon
    $10000 a month seems big enough to me, wish i can reach it soon.
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  • Profile picture of the author theory expert
    Banned
    Can I get an explanation from whoever put $10 million or more in the poll?
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  • Profile picture of the author RedShifted
    Well first off most Americans are a little delusional when it comes to "big" money.

    If I remember correctly people who make at least $34,000 a year are among the richest 1% in the world.

    So anyone making over $2,800/month is technically making "big money" imo. They just lack the perspective to realize that thanks to greed (myself included which is why I have to make posts like this to remind myself).

    Alexa said how much you make will taint your perspective & I definitely agree. But more than that I feel how much you CONSUME matters more than anything.

    AFAIC my own brother makes "massive" money. Right now he's pulling in an avg of $34,000/month (which is ironic because if he made that a year he'd still be in the 1%). To me that is A LOT of money. To him its another story. Because he spends and consumes so damn much he's always complaining how he doesn't have enough money. His golf club membership alone is $60,000/yr. His beach club is also a lot although I forget exactly how much. To me thats a ridiculous waste of money.

    Thats one thing about money the more of it I make the more I try not to increase my means of living. Ever since I graduated college I haven't really changed the way I live that much. I still live on discount veggies from shoprite, never buy chicken or eggs unless they're on sale, and all the fish I eat I catch myself on the weekends. Thats as complex as my diet gets. If I want sushi I make it myself, can't remember the last time I ate out at a fancy restaraunt and haven't been to a barber since I was 14 (I know how to cut hair fairly well).

    Once again I don't view myself as cheap or frugal I just view the rest of the world like they're out of their minds (no offense lol).

    -Red
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  • Profile picture of the author goldenbold
    If my income to reach $10,000 in a month that I shall consider it well. But I would consider $20,000 a month "Big Money".
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  • Profile picture of the author drewsg
    I must be a simple kind of guy. $10,000 is big money to me. That's enough to live a good lifestyle and save for the future.
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  • Profile picture of the author Wade32
    I was surprised to see that not very many people clicked $100,000...

    Hey big money is where you're at at that certain period in your life. I can remember after the mining accident, I had lost my job and I was just getting into internet marketing, that big money to me was literally making $1,000 per month!!

    Ah those were the days!! Crackers and "vieney wenies" for supper! lol! My poor wife! Well, she stuck with it and now to me big money is $100K per month...hope to hit it soon!!
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  • Profile picture of the author Avianize
    10k a month would be amazing. I would consider that big money.
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  • Profile picture of the author theory expert
    Banned
    Well one things for sure is Max Keiser and Branko Milanovic net worth is like the "real 1%". They aint making no 34,000 a year,lol.

    Thanks for the article sources.

    You know one thing about this poll I am very surprised that 10k per month is many people "sweet spot". I thought many people sweet spot was somewhere between $30k-$50k a month.
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    • Profile picture of the author 4DayWeekend
      $10,000 per month provides a very comfortable life and savings. Even if I was having a couple of holidays every month... So it's a great income...

      However I don't think someone on $10,000 per month would be perceived as 'rich' per se. And the term "big money" would suggest someone who could buy anything they choose to without thinking of the price... So in that case, I think $25,000 - $50,000 per month is when we start talking about "big money".

      Of course this would have to be consistent income though. One $50,000 month alone wouldn't be enough...
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    • Profile picture of the author luane
      I think that ENOUGH is when your bills are paid and the ones you love are taken care of and you have enough money to give to causes that are BEYOND you. Giving to people who CAN'T make Any or very little is a great way to live and having that EXTRA to help others, makes it all worthwhile. Being grateful for a nice place to live, being able to eat out when you want to, and travel now and again....ahhhh...now that's nice!
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  • Profile picture of the author cardine
    $10k/mo is not big money. People make that much right out of college.

    Big money is enough money where you can live like a king and never have to worry about money. That can vary based on somebody's lifestyle, but I'd say maybe $100,000/mo.
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  • Profile picture of the author Tony Humble
    Banned
    If you are unemployed, then $2,000 a month is going to be big money for you. If you are a millionaire or billionaire, then it's scrap change. It's all about how much money you earn and how much wealth you have.
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  • Profile picture of the author tonyrior
    emm, interesting topic
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  • Profile picture of the author David James
    You can live comfortably on $10000, but it's not what I would call 'big money'.

    Anyone who doesn't consider $50000 'big' (regardless of their actual current earning or personal aspirations) is a bit out of touch with reality in my opinion.

    I would have liked to see more options between 10 and 50.
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    • Profile picture of the author theory expert
      Banned
      Originally Posted by David James View Post

      You can live comfortably on $10000
      This entirely depends on "how" you want to live. You can live comfortably on nothing if that is ones perspective. Once you build your earth home for $3000(?) then you furnish your land creating enough food to be self sufficient.
      or live off the land in van by the river.

      In short I wouldn't add a number to the equation. Comfort is subjective. That's why I asked for some specific explanations as to why some put $10 million or more. I mean I wouldn't mind $10 million a month to buy toys at the highest level, but, my real reason is moreso, to give to research,fund worthy causes, and, bring whole nations out of oppression.
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      • Profile picture of the author Lyfe Lyte
        Originally Posted by theory expert View Post

        This entirely depends on "how" you want to live. You can live comfortably on nothing if that is ones perspective. Once you build your earth home for $3000(?) then you furnish your land creating enough food to be self sufficient.
        or live off the land in van by the river.

        In short I wouldn't add a number to the equation. Comfort is subjective. That's why I asked for some specific explanations as to why some put $10 million or more. I mean I wouldn't mind $10 million a month to buy toys at the highest level, but, my real reason is moreso, to give to research,fund worthy causes, and, bring whole nations out of oppression.

        I concur 100% with the statement about..what do you want to the $10 million for....if large amounts of wealth get into peoples hands that are evil or selfish...that's what will be birthed out of it.

        But if you put $10 mill monthly into ones hand that's main mission in life is to give back....then will effect the lives of thousands...those thousands they effect will effect thousands around them..

        The power of 1

        Lyfe
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  • Profile picture of the author Chri5123
    Interesting post,

    I went for $50k a month - I remember hitting that...those were the days!

    I read an interesting chapter in a book once about this topic and it said:

    "Imagine you are going for a job interview. You are confident. You are waiting to be called in and the door opens, your name is called. You get up and confidently walk towards the door - you feel this job is YOURS!"

    "However as you come closer to the door you see the job details pinned up on the door and it is paying 10K MORE than you thought per year!"

    "How do you feel now?"

    I think we link money to our sense of worth and a lot also has to do from our roots as well.

    The truth is that the more money you get doesn't make $5000 any less an amount - in fact more often the more you get the better you hold onto it!
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    • Profile picture of the author ahprofits
      The sad thing is that we do link the job pays to what we think we are worth. We have all been raised that having a JOB is the way to go in life because it is "secure". Well if we all believed that then we wouldn't be on this forum would we? I know I wouldn't be here if I was comfortable with working a job the rest of my life hoping that I don't ever get let go. That is what is great about the internet. No one can ever fire you and your income usually always goes up! It is only a matter of time until you achieve your ultimate monthly income and when you surpass that amount it will be a feeling you can't describe.
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  • Profile picture of the author jredmond
    50K a month would be great for me in the IM world.

    In the other world 35K was very nice.
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  • Profile picture of the author Lyfe Lyte
    POLL UPDATE:
    113 Votes so Far


    31.86% of the people voted for
    $10,000 a month as
    "Big Money"


    I thought that would be the most popular choice. A few reasons....it seems to be a recurring theme online...many ads and courses preaching make $10,000 a month.

    $!0,000 a month is a place where most people can live pretty comfortably.

    $10,000 a month= $120,00 a year...that will put you in the top 10% of earners in the USA

    $10,000 is a number I think a majority of the people believe they can make that...however if you ask them what about $100,000 a month...it so far and almost a fairytale that they never think they can hit it.

    Bure sure to VOTE on the poll above!

    Lyfe
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  • Profile picture of the author gjohansson1
    The only problem I have with this question is the type of
    money we are talking about.

    If this is total income before taxes and expenses, then 50K
    would be gone faster than a dozen eggs in my house. At the
    same time, I could live very, very comfortably on $5,000 of
    "Life Money" per month, after taxes and business expenses.

    The question is how much money would you have to make in
    order to actually take home what you would consider big
    money.

    Maybe I'm over thinking it, but I recently watched this
    video that changed the way I view money as a whole:


    I would say 50K is big money to me because my ideal
    lifestyle wouldn't call for half of that, even after taxes
    and online marketing expenses. In fact, I would be a happy
    guy with 50K per year after everything.
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  • Profile picture of the author taskemann
    You should have added a "$ 100 Million" poll too.

    Or even bether - a "$ 100 Billion" poll so Bill Gates can throw himself on the voting.
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  • Profile picture of the author Genycis
    For me right now, I'd be more than happy with 10k a month even though I'd shoot for 50k a month regardless. I could do a lot with 10k a month even after investing back into my businesses. God knows I'd love to be able to help my parents a lot now but I'm a long way to go before I reach 10k a month. Given that I was at near 36k a year with my job, I'd be hoping to shoot for at minimum, 36k a year though more is preferable.
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  • Profile picture of the author leandros21
    I believe $5 000 is big money because i can live comfortably with that money
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  • Profile picture of the author threezerozero
    10K/month is big money for me....but its a baseline. i want to get that and start building to increase my revenue/month
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  • Profile picture of the author mike351
    honestly? the amount of money i need to live a good life as passive income is enough. i dont need to drive a ferrari or have a 5 bathrooms and 5 bedrooms villa. i just want to live a nice life. most people just dont get that money isnt everything as you cant buy the really important things like friends and love. not to forget time. time is the most important thing you have in life. look at it like this: you wont enjoy one million a day for your last 30 days of life as much as 5000 a month for the last 50 years of your life.
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  • Profile picture of the author Lyfe Lyte
    =I see a lot of people writing about I only need $2000-$5000 a month....or I just need enough to pay all of my bills etc...

    Many People saying...I don't need all that money....

    Hmmmmm I'm hearing a lot of "I"s in those statements....

    It's not always about "I" ....

    In fact...the more you get....the more you can give and help people....

    I've seen only a couple of comments mention Charity or helping people..

    Why does it seem most people have the mindset, "I just need enough to live comfortably for myself"..."I don't need all that money"

    When you start making 10's of thousands per month...you will be able to start helping more people...family friends....people in great need that you might not even know.

    That is my goal in life...the more I receive ...the more I can give....it's not just about what's good for "I"...but what I can give back to this world.

    Giving Light to your Life

    Lyfe
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  • Profile picture of the author echelon820
    I would find making 50K a month to be my target but I chose 1M a month. Just shooting for the stars there but I would be happy with 50K a month although Im new to IM at this point Im still trying to get my first website hosted lol. I cant really "see" that far ahead it doesn't seem possible but if others have done it Im not going to doubt it can't be done.

    I can imagine I wouldn't spend like crazy if I had that much coming in. I'd be satisified with a used car and a single family home. Sure I'd take nice vacations but it sure would be nice to have something for my kid's college. Not sure I would be into the big spender lifestyle. My family could use more help getting by. I'd help them out when I could.
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  • Profile picture of the author tonecarole
    We read this here somewhere I think. A earnings increase regarding $1000, makes a bigger difference with someone way of living than 2 or 3000. Such as that..

    We adapt to what we've. So most likely a little increase will probably be big money for any person.
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  • Profile picture of the author MovingAround
    I have nothing to add other than ALWAYS remain skeptic of people online who talk about how much money they've made and all that.

    The people making all that big money (e.g. +50k/month) don't have the time nor desire to go on forums or put funny vids of themselves on Youtube claiming they make 17 million dollars and looking down to the side when they say it (like that guy on the vid above, big mistake buddy, I didn't like you already from the beginning and when you did that I clicked off from the video).

    The people making the big money are busting their butt at work, doing late night meetings with the other Chief Officers and talking about strategy and real business development stuff (no fancy words like many IMers make up) and when these big guys get some spare time, they go play golf or go and spend $2000 dollars in a big meal and tip the barman with $100. And I know this from personal experience dealing with these people (and one of my family members is a self-made millionaire), they truly don't have the time to try to deceive gullible people into thinking that they have the keys to making big money.

    Never trust anyone claiming they make X money with their "system", 99% of the time they try to con you into paying for their "system to making big bucks" which is nothing but rehashed stuff from basic business books and from rehashing what other IMers put in their ebooks. You know what is the system to making big money? Pick something which you think can make you money and spend the next couple of years working hard and smart. Buy one or two books from real successful businessmen (I recommend Philip Kotler for marketing stuff) and not con-artists, and if you work hard, the rewards will come.

    Sorry to derail a bit but I actually clicked on some of the the sidebar vids of the above video for a bit of entertainment and I saw the usual disgusting con-artists that are abundant in the IM niche.
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    • Profile picture of the author chandan94
      I am comfortable in 10k per month.
      Then I will ofcourse try to achieve 50k/mo
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      • Profile picture of the author Richest
        Since I haven't achieved 1000 a month, $50.000 a month is very very big for me. I can buy house, car, and travel abroad with that.

        But I can't imagine how and when I can achieve $50K. But of course I want to achieve that
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  • Profile picture of the author Tobo1981
    To me, big money today just means more than what I made yesterday.

    Oh...and it never ends
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    • Profile picture of the author starman21
      $10,000 a month= $120,00 a year...that will put you in the top 10% of earners in the USA

      How accurate do you think the above statement is? If we take out professional sports players and TV and movie workers, then it kind of leaves everybody else or the rest of us...sort of? right?

      Do one out of ten people really make $10,000 a month? Households or people? I went to a state fair recently and a concert. I spent part of the time people watching. Thousands of people. That statistic would seem to be too high from a snobby observation? But, obviously I have no clue. Just curious how others feel about that as a USA stat.
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      • Profile picture of the author nipsyr
        It is all relative.

        I recall working some place where the highest paid workers i worked with were paid $7 an hour and I sooo wanted to make that too. That was my goal. Note this was several decades ago.

        Then I thought I would be rich if I made $50000 a year, then $75000 a year and my holy grail was $100000. Well I achieved all those goals and far surpassed that at my day job.

        It isn't even a matter of what is big money but rather at least replacing my income working from home. I would be really happy with that for a start.

        I really hate how much taxes i pay though.
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      • Profile picture of the author Lyfe Lyte
        Originally Posted by starman21 View Post

        $10,000 a month= $120,00 a year...that will put you in the top 10% of earners in the USA

        How accurate do you think the above statement is? If we take out professional sports players and TV and movie workers, then it kind of leaves everybody else or the rest of us...sort of? right?

        Do one out of ten people really make $10,000 a month? Households or people? I went to a state fair recently and a concert. I spent part of the time people watching. Thousands of people. That statistic would seem to be too high from a snobby observation? But, obviously I have no clue. Just curious how others feel about that as a USA stat.
        Hey Star!.....I didn't think it was right either...I've always heard people say that the top 1% make $100k and up...but I checked before I posted that stat..it is from the IRS:
        WHAT THE TOP 1%, 5%, 10%, 25% and 50% MAKE IN AMERICA

        Based on the Internal Revenue Service's 2010 database below, here's how much the top Americans make:

        Top 1%: $380,354

        Top 5%: $159,619

        Top 10%: $113,799

        Top 25%: $67,280

        Top 50%: >$33,048

        Here's the link..

        How Much Money Do The Top Income Earners Make By Percentage? | Financial Samurai
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        • Profile picture of the author nipsyr
          Originally Posted by Lyfe Lyte View Post

          Hey Star!.....I didn't think it was right either...I've always heard people say that the top 1% make $100k and up...but I checked before I posted that stat..it is from the IRS:
          WHAT THE TOP 1%, 5%, 10%, 25% and 50% MAKE IN AMERICA

          Based on the Internal Revenue Service's 2010 database below, here's how much the top Americans make:

          Top 1%: $380,354

          Top 5%: $159,619

          Top 10%: $113,799

          Top 25%: $67,280

          Top 50%: >$33,048

          Here's the link..

          How Much Money Do The Top Income Earners Make By Percentage? | Financial Samurai
          I am wondering if people who are making >$!50,000 per year from a day job would be more or less likely to quit their day jobs to do something from home?
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  • Profile picture of the author WebPen
    Everyone's idea of "big money" changes as you make more.

    -When you're 5 years old, having $5 in your wallet is awesome
    -When you're 10, having like $30 makes you rich
    -At 15, if you have $500+, you're a prince
    -In college, a few thousand goes a LONG way

    And on and on it goes.

    What would I be extremely comfortable with? $15K-$20K per month. But once I hit that mark, I know I'd think it was too low and keep shooting for more!
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  • Profile picture of the author Susan A
    For a new commoner like me, 5000 is a lot of money mate!

    The cool thing is when you can make 10,000 a months, that is a big money.

    Just strike when the iron is hot in each opportunity, and be frugal when it comes to our resources.
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  • Profile picture of the author nitrojeff
    lol 5,000 is big money wish i even made that =/ nobody will hire me -_- hard to get a job
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    • Profile picture of the author Lyfe Lyte
      Originally Posted by nitrojeff View Post

      lol 5,000 is big money wish i even made that =/ nobody will hire me -_- hard to get a job
      Hey Jeff how's FL!....Don't worry if no one will hire you..that could just mean you need to dive into your goals online even more.

      Let's say someone did hire you right now...then it took tons of your time and your tired and didn't feel like working online that much....let's say you were making $10 an hour....

      But....since no one is hiring you...that they puts you into a place where...I HAVE to make this work....which you wouldn't have had if you were working for someone else.

      There is no reason Jeff...no reason at all that you can't be making $5,000+ a month by this month...or the latest the end of this year.

      I've done it from zero....I've seen tons of people do it on here as well...so it's 100% possible.

      Only you can stop you from making that much...no factors around you..

      Lyfe
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  • Profile picture of the author perfectpractice
    How much is really enough? 50,000.00/year or over a a half million per year. After a few nice cars, kids education, a couple of nice vacations and after a fat back account - them what?
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  • Profile picture of the author jamiebarclay
    I have to say the results from your poll are very interesting. Thanks for posting this!

    I know that once you start getting into the $50k per month mark that everything becomes a lot easier financially. It can be considered a real business as most of the businesses that I have worked with struggle below the $400k mark per year.

    But with an internet based business with low costs a lot of that is profit so it is a nice model if you are earning upwards of $50 per month.

    But I agree with a lot of the comments above, big money is in the eye of the beholder.
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    Jamie Barclay

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    • Profile picture of the author The Real Deal
      For a few years I didn't have a single month where I made less than $100k net profit, and several months with a lot more than that.

      The money came relatively easy and I got cocky, thinking that this will continue forever. I have had some expensive hobbies for many years, but I wasn't been able to take them as seriously as I wanted until I started to make a lot of money.

      One of my hobbies is race horses. At one point I owned more than 20 race horses on my own, all in professional training. If you know how much it costs to keep a horse in professional training each month you understand what type of expense this is...even when accounting for the small price money coming in.

      I also let costs in my business and other parts of my personal life escalate to huge levels. This is much easier to do than most people think when the money starts rolling...

      When the money no longer flowed as easily as it once did, it was much harder than I could ever have imagined to cut down my costs!

      I still make in the mid 5-figures most months, but I need at least $20k just to maintain my family's normal lifestyle.

      So for me, although $100k monthly net profit certainly IS big money, having already experienced that it wouldn't change my life drastically. I would say that $250k per month in steady income would though, so that would be "big money" for me.

      I have a plan that should hopefully take me there in 12-18 months.
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  • Profile picture of the author starcraft2
    Banned
    In MJ DeMarco's millionaire fastlane book he does says $200K a month is big money and I'd be inclined to agree
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  • Profile picture of the author hitman13
    Depends where you live. I am from Romania and 50k/month are "Big Money" for me
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  • Profile picture of the author Corey Geer
    Originally Posted by Lyfe Lyte View Post

    Helllloooo everyone....

    So what is "big money" or "a lot of money"to you? $10,000 a month...
    $200,000 a month?


    ==I've added a poll above...please vote!

    Everyone has a different perspective.....

    For some people even if they are only making $2,000 a month...
    $20,000 a month isn't "big Money" to them. Because there mindset it...
    I know I can make $20,000...a lot of people make $20,000 online..so that's
    not big for them....


    With some people..the "Big Money" figure gets higher as their income increases...
    Example...once "a lot of money" may have been $10,000 per month..but now they are doing $50,000 per month...so now "big money" to them might be $500k a month.

    The question is...what is "Big Money" or "a lot of money" to you?

    Giving light to your life...

    Lyfe Lyte
    "Big Money" to me means, you're making more than enough to cover your living/bills and being able to not work while living a very comfortable lifestyle. That's a good starting goal anyways.
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  • Profile picture of the author moneymakerway
    It depends on where are you right now. The great thing to do is to create mindset for success. Don't look at the past, look what you can do now to have better future tomorrow.
    Set up rational and reachable goals.!
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  • Profile picture of the author picnic
    Banned
    $10K+ a month is good enough for me
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  • Profile picture of the author catherinachia
    Big money would definitely mean $10 million per month to me and up and the amount will increase with time.
    One would never mind to have more money and when a goal is obtained, higher standard would be set.
    Running a successful business with a revenue of $1 million per month can be easily obtained. Actually, it is not really the revenue or income per month that matters, it is the profitability that really matters. The amount left after deducting all costs and expenses. This applies in business and life.
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  • Profile picture of the author B3dj0
    US$10k per month is great. I can buy anything I want, and of course, I can go to Spain to watch Barca LOL

    Hope so
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  • Profile picture of the author dennis09
    I chose 10K per month because at that income level i'd be able to handle my monthly expenses with no problem while at the same time being able to freely invest in new business ideas. Once you hit that amount 50K per month is only a matter of time so long as you keep reinvesting and plugging away. Exponential growth.
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    There is no elevator to success, you have to take the stairs
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  • Profile picture of the author Demetrius
    $2000 per month is a massive earning for me. I am always happy with whatever I have and I can earn.
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  • Generally when IM guru types talk about making "x$" a month, they're talking gross, not net.

    50k net is ******* fantastic money, that puts you in the top 20% of the 1%.

    50k gross? All depends on your margins!
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  • Profile picture of the author tismi
    I think that you can't just put your finger on it and say "10K/20K/whatever is big money" because the term big money evolves with your monthly costs (living and business) thus it's not a static number. I would say that big money is when you cover all your bills and other costs (including hobbies, luxury) and after all that you can still just walk into a ferrari dealership and drive your way out in a new 458 (just an example) without even thinking if you can afford it, because you know you CAN.

    What I want to say is that as long as you expand your business and the amount to maintain your lifestyle is getting higher every month, so long the term big money is not a static, but growing number. One month is 10K, next it can be 15K, you never know.

    Right now for me big money would be 5K but I know that the next month it wouldn't be enough so I would aim for 10K.

    Hope that makes sense .
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    • Profile picture of the author nik0
      Banned
      As long as you're making more or equal as then you comfortably spend you are making BIG money imo. I make 8 times more money then a year ago but I don't exceed the 10k/month yet. Still I feel like I'm making big money. As I can do whatever I want. Next month I go on a roadtrip to Thailand, ha imagine that "roadtrip" and I live in Europe. When I arrive there I can almost live like a king.

      Sure I can't buy an expensive car, boat or villa.

      But do I need it? No.
      Do I want it? It's not really on my to-do list but why not
      Do I miss it? Absolutely not
      Would it make me more happy? Definitely not

      What's much more important is that you have a consistent income that you can rely on.
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  • Profile picture of the author galmiar
    $10,000 a month is more then enough to be very comfortable and i think that with a lot of hard work and some good luck this is achievable with IM. I know some lucky people can make a lot more but $5,000 would be very nice but $10,000 i would be on cloud nine

    Good luck everyone in achieving their goals!
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  • Profile picture of the author DanWestern
    Big money is normally an amount above what people are making. Not because people aren't making loads of money, but because once we start making a certain amount, we consider it to be the norm. Anything above the norm is then big money.
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  • Profile picture of the author Lyfe Lyte
    Stats update....so out of 243 total votes so far...the highest percentage goes to $10,000 per month still....

    I am still wondering why that seems to be people's main goal online also that they want to make...various reasons for many...I would imagine because $10k..in America you can live comfortably...(not based on everyone's standard of comfortable of course..but the average person would think so)..
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    • Profile picture of the author Alexa Smith
      Banned
      Originally Posted by Lyfe Lyte View Post

      I am still wondering why that seems to be people's main goal online also that they want to make...various reasons for many...I would imagine because $10k..in America you can live comfortably...(not based on everyone's standard of comfortable of course..but the average person would think so)..
      Yes indeed ... sounds "about right" to me, in the sense that $10k per month is an amount clearly higher than the national/regional average income almost everywhere (apart from one or two small places with anomalous statistics for various reasons, like Monaco or Grand Cayman).
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  • Profile picture of the author Aika7
    Where I live, average salary is only $1000/mo. I think $2000+/mo would be big money for me.
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    • Profile picture of the author arrrrgon
      These numbers are all relative to where you live. If you live in New York City then $10k a month definitely isn't big money. If you live in a small town like I do then $10k a month is huge. If you live in a third world country, $10k a year might be a dream.

      I'd personally like to make any money at all online.
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  • Profile picture of the author Kashi456
    Hey...

    in IM right now, I'm nearly hitting 10k per month, when I first started off, $10k per month was my target, and I knew its a lot of money to earn, and live off, and believe me it is
    It's a very comfortable income.

    However I just get used to it and think to my self that I can do with 'more' which is why my target for next year is to double it to $20k per month, and I do believe I can hit that.

    Looking back three years ago, my life was totally different - financially of course, I am very grateful for IM and the people I've worked with to get me where I am today.

    Bilaal :-)
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  • Profile picture of the author Dong Lee
    Are you kidding me 50k a month is not much ? it's too much hahaha. $2,000 per month is a lot of money for me - i would be really happy if i could earn it every single month.
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  • Profile picture of the author tjaysen70
    Well to most people, $20k a month is big money.

    Yeah this will depend on who you talk to and where they live and what their life experiences are. But I can say that I thought $30K a month was rich. But living in So Cal on the beach, with wife and kids, a mortgage, 2 cars, school costs, daycare, karate classes, violin classes, etc, well that $30K doesn't seem so rich anymore.

    If you look at it like, well out of $30K monthly, 40% goes to taxes, and I forgot to include basics like food and utilities. Well you quickly see that $30K in cali isn't rich. If it was in Nebraska though, and I was single, well I'd be big balling it.
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  • Profile picture of the author nav123
    Hey guys, I would like to tell you all my personal experience from a real estate seminar I went recently. This person whose actual earning at least a million monthly was telling that always you should think 1 million is small to you so subsconciously you will actually really think it's possible and work hard for it. She told if we going to think that 10k is enough for us we eventually will only stop at 5-6k.
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  • Profile picture of the author wuser12
    I guess it depends on your lifestyle. If you plan to have a boeing like John Travolta... well, one ferrari... even 50k a month isn't enough right?

    It also depends on the place you live as says tjaysen70.

    In my case...i don't know. I'm happy with what I have know but always trying to get more...

    The most important is to be happy with what you have now.

    Peace
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  • Profile picture of the author JasonFoong
    I can live comfortably with 10k per month in my country


    -Jason Foong
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  • Profile picture of the author kurtistb
    For me its more than an absolute dollar amount, its also about what I make per hour. Right now I do this as a hobby and net 4 figures, but work less than one day per week. So if you go by dollar amount, a net of 10k a month would be big money for me. The problem is if I had to work hard for that 10k it probably wouldn't seem worth it. Now if I could take home 10k per month as passively as what I do now it would be life-changing.
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  • Profile picture of the author THG
    $100,000 is Big Money For me.. No making it right now but soon will..
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  • Profile picture of the author dlane1987
    Personaly the average houshold income in my country is around $10 k per month anyway so Big Money starts when you go above the average.

    For me it's $50,000 per month
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    • Profile picture of the author danstairs
      [DELETED]
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  • Profile picture of the author MarketFriendly
    I've hit the 5 figure marks per month and now hoping for 6 figure marks soon

    It's all about perspective I suppose like you mentioned.
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  • Profile picture of the author Sondunkilthim
    50k a month is not big money? Ha, now I've heard it all.
    Signature
    You can do anything, but not everything.
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  • Profile picture of the author Alex Blades
    "$50,000 a month is NOT big money....what is big money to you?"

    50k per month is more then enough for 7 billion of us, here on planet earth...
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    But I knew the one thing I might regret is not ever having tried. "

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  • Profile picture of the author hbhanot
    Big money comes in stages. Once you reach a goal then you look for another. No one should start thinking of 1 million every month when they just started. For me big money is $10,000 per month. Once there it can be more.
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    • Profile picture of the author matchoo77
      Originally Posted by hbhanot View Post

      Big money comes in stages. Once you reach a goal then you look for another. No one should start thinking of 1 million every month when they just started. For me big money is $10,000 per month. Once there it can be more.
      Yep exactly. I would say 30k a month would be my next milestone to achive....that is 30k a month consistently...not just a month here or a month there.
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  • Profile picture of the author leningovea
    Originally Posted by Lyfe Lyte View Post

    Helllloooo everyone....

    So what is "big money" or "a lot of money"to you? $10,000 a month...
    $200,000 a month?


    ==I've added a poll above...please vote!

    Everyone has a different perspective.....

    For some people even if they are only making $2,000 a month...
    $20,000 a month isn't "big Money" to them. Because there mindset it...
    I know I can make $20,000...a lot of people make $20,000 online..so that's
    not big for them....


    With some people..the "Big Money" figure gets higher as their income increases...
    Example...once "a lot of money" may have been $10,000 per month..but now they are doing $50,000 per month...so now "big money" to them might be $500k a month.

    The question is...what is "Big Money" or "a lot of money" to you?

    Giving light to your life...

    Lyfe Lyte
    Good thinking Lyfe!

    This post is taking the warrior forum by storm!

    LOL

    Well, in my case big money will be somewhere around $50k and $100k per month... But once I get there, I guess it'll rise
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  • Profile picture of the author gpwilson
    There are no limit to dream high. But i do not believe in day dream. I think it is really possible to earn $50000 per month. But it would take long time to shape. I believe that every thing needs time to shape. Thanks for your posting. It would help all of us to dream high.
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  • Profile picture of the author Gerald Arno
    Banned
    Originally Posted by Lyfe Lyte View Post

    Helllloooo everyone....

    So what is "big money" or "a lot of money"to you? $10,000 a month...
    $200,000 a month?


    ==I've added a poll above...please vote!

    Everyone has a different perspective.....

    For some people even if they are only making $2,000 a month...
    $20,000 a month isn't "big Money" to them. Because there mindset it...
    I know I can make $20,000...a lot of people make $20,000 online..so that's
    not big for them....


    With some people..the "Big Money" figure gets higher as their income increases...
    Example...once "a lot of money" may have been $10,000 per month..but now they are doing $50,000 per month...so now "big money" to them might be $500k a month.

    The question is...what is "Big Money" or "a lot of money" to you?

    Giving light to your life...

    Lyfe Lyte
    The main problem here is that you are asking a very broad question, without having defined how much money you intend to keep in the bank.

    It´s better to make $50,000 a month and keep $30,000 than to make $120,000 and just keep $20,000.

    Focus not only on how much you make, but more important how much you keep. How much you keep will always be so much less due to advertising costs, employee costs, taxes, cost of living and much more.

    Those who are smart do not just focus their time and energy on making more, but maximizing net profit.

    Why would you start milking another cow if you are not done milking the current one?

    The problem is that most people automatically adjust their lifestyle when making more money. This is one of the biggest mistakes that you can make. When they earn $3000 a month, they spend $2500 on themselves. When they earn $6000 a month, they spend $5000 on themselves.

    If you don´t get out of the mindset of spending more as you make more, you will find yourself broke all over the place, no matter how much money you make.

    Spend less. Focus more on saving and reinvesting.
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  • Profile picture of the author jeffreydale
    My goal is to make $1,000 a day. So anywhere around $30,000 a month is pretty good to me, but I wouldn't consider it "big money" either. I think $1,000 a day would allow me to live extremely comfortably though. Change that figure to $150,000 a month and not only would I be a "millionaire" but I'd consider myself "rich."

    -JD
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    Full-time entrepreneur | YouTuber | Ecom Coach | Social Media Expert
    https://www.youtube.com/channel/UCn6...is36wfg/videos

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  • Profile picture of the author marketingg
    50-100k per month is the only way. I think many of us get into business for a "means to an end". For me its nothing else, honestly the difference between 5k-10k per month is a nicer car... im not that shallow, its cool but will not make me happy. What would make me happy is taking the 50-100k and diversifying my income and investments to eventually be able to stop and just live if i want to. I think the reason so many fail is because they are shooting too low. If you only want to make 1k per month online your going to act like someone who is making 1k a month online.

    I was making money before all this internet stuff, so i understood it takes money to make it and would never be happy making 1k per month. I do not need 100k per month but have a good enough gauge on life to know it is needed in order to live a free live long term. We could all live and be happy on 5k per month but what happens if it stops coming in? A few years with 50-100k per month that problem goes away. Thanks.

    Also weedy said more money can be made but not worth the added work/stress. I completely respect that, i dealt with it in an older business and actually hurt me long run, i lost focus of vision because i started to hate what i was doing. Sometimes you need to do all you can do in one thing until the next opportunity presents itself in which you can get into.
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  • Profile picture of the author Anton543
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