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Poll: What is Full Time Income to you?

by Michael Levanduski
35 replies
Quick poll, if you have the time. If I said, "You can make full time income doing XXX online" what number would you think of in your head (for how much money per year constitutes full time income)?

I know this will vary from country to country, so if you don't mind, please comment with your answer as well and include where you are from.

I really appreciate it!
#full #income #poll #time
  • Profile picture of the author martinp
    In the UK so I voted for greater than $45,000 per year. A full time income to me is £100,000+ per year - preferably that much after tax, not before.

    I know so many people get by with less, but that's what I consider a full time income.
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    • Profile picture of the author Michael Levanduski
      Originally Posted by martinp View Post

      In the UK so I voted for greater than $45,000 per year. A full time income to me is £100,000+ per year - preferably that much after tax, not before.

      I know so many people get by with less, but that's what I consider a full time income.
      Thank you!

      I believe I heard that the average adult, full time worker here in the US makes around $35,000-40,000, but I can't seem to find that statistic now to confirm.

      I would want to make more than that as well, but for marketing reasons I'm trying to figure out the mindset of people.



      Thanks again!

      Michael
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      • Profile picture of the author Steve B
        Originally Posted by Michael Levanduski View Post

        . . . for marketing reasons I'm trying to figure out the mindset of people.
        Michael,

        When it comes to the term "income," you have to be very specific about your definition as the term has numerous meanings to various individuals.

        I know a self-proclaimed "mentor" here at the WF who says his income from online marketing is consistently over $10,000 every month - at least, that's what his ads tell you. If you dig a little deeper, you learn he spends $7-9,000 every month on paid advertising. So is his income over $10K per month. He claims it is.

        To further confuse the issue, it really is only relevant based on the amount of work you do for your income.

        $1,000/month would be great . . . if you worked one hour a week to maintain it. Then you just set up 25 of these income streams doing the same and all of a sudden you have a $300,000/year business.

        It all depends on what the definition of "income" really is . . . and how long you work for the net profit of that income.

        Steve
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        • Profile picture of the author Michael Levanduski
          Originally Posted by cuie View Post

          Well the risk is so much higher in IM / entrepreneurial lifestyle that the upside must also be higher to cover the risk.

          I'd have to make at least $20,000 / month to do IM full time.
          Originally Posted by Steve B View Post

          Michael,

          When it comes to the term "income," you have to be very specific about your definition as the term has numerous meanings to various individuals.

          I know a self-proclaimed "mentor" here at the WF who says his income from online marketing is consistently over $10,000 every month - at least, that's what his ads tell you. If you dig a little deeper, you learn he spends $7-9,000 every month on paid advertising. So is his income over $10K per month. He claims it is.

          To further confuse the issue, it really is only relevant based on the amount of work you do for your income.

          $1,000/month would be great . . . if you worked one hour a week to maintain it. Then you just set up 25 of these income streams doing the same and all of a sudden you have a $300,000/year business.

          It all depends on what the definition of "income" really is . . . and how long you work for the net profit of that income.

          Steve
          Excellent points. What I'm using this for is a product/service that I'm working on that is going to be marketed toward people who want to write for a living. Typically, these are stay at home moms that just want to earn some extra income and not have to go get a job. Regarding your point Cuie, there is not nearly the risk involved as there would be for what we traditionally think of as internet marketing.

          For you Steve B, I my guide will have very few expenses associated with what they have to do (and the option to do it for free) so that wouldn't be too much of a concern, but that is an excellent point. I'll have to make that very clear once I get to the sales and marketing phase (which won't be for a while).

          Thanks again to everyone who is responding!!!
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  • Profile picture of the author Bkelly301
    Id be happy with $1500/month
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  • Profile picture of the author cuie
    Well the risk is so much higher in IM / entrepreneurial lifestyle that the upside must also be higher to cover the risk.

    I'd have to make at least $20,000 / month to do IM full time.
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  • Profile picture of the author Randall Magwood
    I would say at least $25,000 (for me anyway). I just need enough to pay bills, take care of my girl, and have leftover change to chill and invest more into advertising. But of course... $100,000 a year isn't bad either.
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  • Profile picture of the author aleksbogata
    I am happy with $60K per year but am working towards $100K.
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  • Profile picture of the author Benjamin Farthing
    It depend on a lot. Cost of living is different in different places. Plus, as a single guy with roommates, I could live on about $15k a year, although I'd rather not. Assuming I one day have a family, that minimum number is going to double, at least.
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  • Profile picture of the author mialove
    100k a year

    Israel is a very expensive country, if i will move to USA one day, i believe the number will be lower
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  • Profile picture of the author XponentSYS
    2 million a year. It's not just about an income figure on which to live. It's more about having the cash flow to build a significant asset base with which I gain financial security for me and my family long term.

    2 million a year gets that done.
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  • Profile picture of the author sejbt23
    I'm in Australia and I'd say greater than $60,000 would count as full time income on average.
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  • Profile picture of the author JRJWrites
    I'm hailing from good ol' India - here, right about $500-$1K per month is pretty much enough to live comfortably. Really comfortably.

    Since I'm trying to save and build up my bank account + pay my brother's college fees, I'm hoping to earn $3K/month online (or $100/day).

    Good poll!
    JR John
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  • Profile picture of the author JJ Road To Success
    I had to go with at least 45 plus, reason for it is I have a big family of boys and i'll need 45k just to feed them haha.

    But also with our economy 45k we help us give back to others more as well.
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  • Profile picture of the author Trey Morgan
    To live comfortably in the U.S. I would say $5,000 a month/$60,000 a year is fine.
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  • Profile picture of the author Stefan Shields
    As somebody who lives in Northern England, I have to say the cost of living has become ridiculous in the last few years since the economies of Europe and America fell.

    I would want to earn at least £30k which is about $55k (I think) to live comfortably and not have to worry about money properly.
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  • Profile picture of the author run
    I'm spending $3000/Month here in Tokyo for just the living without money saves. Therefore,

    To make a normal living, I need $36,000/Year
    To make a good living, I need $60,000/Year
    To make a better living, I need $120,000/Year
    To make my best living, I need $600,000/Year
    To make my dream living, I need $12,000,000/Year
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    • Profile picture of the author Stefan Shields
      Originally Posted by run View Post

      I'm spending $3000/Month here in Tokyo for just the living without money saves. Therefore,

      To make a normal living, I need $36,000/Year
      To make a good living, I need $60,000/Year
      To make a better living, I need $120,000/Year
      To make my best living, I need $600,000/Year
      To make my dream living, I need $12,000,000/Year
      My dream living is infinite $$$ a year.

      Don't put limits on your dreams.
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      • Profile picture of the author run
        Originally Posted by Stefan Shields View Post

        My dream living is infinite $$$ a year.

        Don't put limits on your dreams.
        There's no infinite $$$. I don't like unrealistic dream that is impossible that's why I set a dream that is realistic and possible to achieve. Dream doesn't mean impossible to do for me.
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        • Profile picture of the author Stefan Shields
          Originally Posted by run View Post

          I'm spending $3000/Month here in Tokyo for just the living without money saves. Therefore,

          To make a normal living, I need $36,000/Year
          To make a good living, I need $60,000/Year
          To make a better living, I need $120,000/Year
          To make my best living, I need $600,000/Year
          To make my dream living, I need $12,000,000/Year
          Originally Posted by run View Post

          There's no infinite $$$. I don't like unrealistic dream that is impossible that's why I set a dream that is realistic and possible to achieve. Dream doesn't mean impossible to do for me.
          What I'm saying though is that there should be no limit to your dreams.

          You need to always aim higher and higher and not think 'once I hit a certain number that's my life complete'
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  • Profile picture of the author nrupen
    $2000 is more than sufficient for most in India even if they are residing in place like Nagpur. By the way aiming for higher isn't bad either
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  • Profile picture of the author lano
    $120,000 per year is about where it gets comfortable, being fully relaxed.

    It really depends on your goals, if you are fine just living from one day to another in relative well being, then you wont have to really stretch yourself.

    If you have goals like building a business, then clearly any plus is helpful until it runs the way you want it.
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  • Profile picture of the author morg2k2
    Right now as we speak to me 60k would be minimum yearly gross to keep my living style where i am based.
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  • Profile picture of the author hitsintoprofits
    I guess it very much depends on where you live. For me here in Costa Rica it will be much less then in my home country (Switzerland). But I know that there are places in the US that are even cheaper then here...
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  • Profile picture of the author paulius
    Well here, in Lithuania $15k a year is more than average and it can be considered really good if you live in smaller cities in capital it's enough.
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  • Profile picture of the author dreamtoreality
    If I lived up North, in Newcastle or somewhere, then I could probably get by on $30,000 dollars. In London, however, no chance if I want to be able to go out a few times a week and live in a nice place. Being in your twenties and having no family to support also makes life easier. Trying to work my way up to 10k a month, but I get complacent when I'm comfortable.
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    • Profile picture of the author VictoryCoaches
      The scale of the survey should definitely be adjusted. I like "run's" take on income. For the US folks here, six figures should be a base target and norm for most everyone.
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    • Profile picture of the author Stefan Shields
      Originally Posted by dreamtoreality View Post

      If I lived up North, in Newcastle or somewhere, then I could probably get by on $30,000 dollars. In London, however, no chance if I want to be able to go out a few times a week and live in a nice place. Being in your twenties and having no family to support also makes life easier. Trying to work my way up to 10k a month, but I get complacent when I'm comfortable.
      I'm in Yorkshire which is one of the lowest-cost places up North depending on whereabouts you live and I can tell you that you couldn't live comfortably on $30k anymore.

      This was true a few years ago but the economy has screwed the entire place up. Between all the tax and bills you have to pay, you can barely get by on that sort of money anymore.
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  • Profile picture of the author JSProjects
    It definitely varies. Here in AZ you can get by with 25-35K if you are willing to live within your means. And I think plenty of people would choose that over making 40-50k at a job they hate.
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  • Profile picture of the author Moneymaker2012
    $3000 per month is must, so that after paying office expenses ect you should have decent money to spend on family and enjoy life. Per year income varies when dollar rates go up and down.
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