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

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.

I would consider $50,000 a month "Big Money".
(I'm not claiming to make anything near that lol)

/Izerman

50,000/Month is a big money for me

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

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

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.

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.

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.

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

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...

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

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.

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.

$10/month is enough for me but $50/month is big enough that I can go anywhere I want (except the moon)

My best was 15000$/month
so big money for me FOR NOW is 20K$

BIG money is whatever number it takes for you to live every day of your life the way you want with no worries

I make 20k / year. Now imagine if I'd make 50k / month, I don't know what I would do.

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

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

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!

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.

I think somewhere between 20-25K, so I picked 10 instead of 50, it seemed closer!

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.

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.

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.

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.

$50,000 a month is good with me. I wouldn't have any complaints.

$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

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.

$10000 a month seems big enough to me, wish i can reach it soon.

Can I get an explanation from whoever put $10 million or more in the poll?

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

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".

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.

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!!

10k a month would be amazing. I would consider that big money.

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.

$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.

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.

emm, interesting topic

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.

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!

50K a month would be great for me in the IM world.

In the other world 35K was very nice.

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

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.

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.

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.

I believe $5 000 is big money because i can live comfortably with that money

10K/month is big money for me....but its a baseline. i want to get that and start building to increase my revenue/month

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.

=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

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.

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.

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.

To me, big money today just means more than what I made yesterday.

Oh...and it never ends

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!

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.

lol 5,000 is big money wish i even made that =/ nobody will hire me -_- hard to get a job

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?

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.

In MJ DeMarco's millionaire fastlane book he does says $200K a month is big money and I'd be inclined to agree

Depends where you live. I am from Romania and 50k/month are "Big Money" for me

"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.

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.!

$10K+ a month is good enough for me

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.

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

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.

$2000 per month is a massive earning for me. I am always happy with whatever I have and I can earn.

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!

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 .

$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!

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.

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)..

Where I live, average salary is only $1000/mo. I think $2000+/mo would be big money for me.

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 :-)

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.

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.

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.

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

I can live comfortably with 10k per month in my country


-Jason Foong

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.

$100,000 is Big Money For me.. No making it right now but soon will..

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

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.

50k a month is not big money? Ha, now I've heard it all.

"$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...

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.

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

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.

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.

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

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.