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How do you guys motivate yourself after achieving your financial goals?

Discussion in 'BlackHat Lounge' started by Son Goku, Aug 13, 2012.

  1. Son Goku

    Son Goku Newbie

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    Hi there,
    I did IM almost 3 years and for now I am quite satysfied with my earnings (4-5k $ a month). I know that have to do many things day after day to maintain or grow that amount of money. At this moment I spend 8-10 hours a day in front of the computer on checking my earnings lol primarily. I really can't motivate myself to work.

    My question to succesful IM'ers is how do you guys and gals deal with this situation? Similar problems? Tips highly appreciated

    Cheers,
    Michal
     
  2. Autumn

    Autumn Elite Member

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    $4-5K isn't really enough. You might have a comfortable lifestyle now on that much, but IM is not really a long term venture. The IM landscape changes so fast that we will all be out of a job in 5-10 years time.

    IM is still a young industry but it is rapidly maturing, and in mature industries the small players can no longer compete and are squeezed out by big companies with big bankrolls who can operate on slim margins. This is exactly what has happened in the internet porn industry - the big dogs rule everything now and the mom and pops are slowly but surely being squeezed out.

    This is what will happen to mainstream IM in the near future. This means that the time to make big money is NOW - get in, go hard, then cash out and SAVE your money so that you have either enough to live off indefinitely through investments, or a big chunk to bankroll your next business.

    The other thing is that by working in IM for too long, you basically make yourself unemployable because you have no on-paper experience, references etc. You might have a lot of skills (for example I know I could do a good job as a marketer working for a company, or a web developer), but you will have a hard time getting a job because you have no references and nothing concrete and provable to put on your CV. Thus you have to commit to making BIG money through IM while you still can.

    If you are making $5K, then $10...20...50K should be your target in the immediate future.
     
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  3. Son Goku

    Son Goku Newbie

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    Autumn: in my country 4-5k $ is 10 times of an average salary so that can be enough. I also lead an IM related company so I can give myself a reference lol:D Any other tips?
     
  4. HostStage

    HostStage Jr. VIP Jr. VIP Premium Member UnGagged Attendee

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    To keep going you need to want more, what autumn tried to say is that your business may sink anytime and you wouldn't live a long time over what you saved, i don't want to curse you of course :)

    But you may want to anticipate and scale things up the most you can.
     
  5. Son Goku

    Son Goku Newbie

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    abysse I know such things:) but for now I really can't stop procrastinating:) Perhaps some therapy would be helpful lol
     
  6. Duffers5000

    Duffers5000 Elite Member

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    The game constantly changes..Some competitors shut down your margins or you lose a valuable income stream. Be certain that there will be times when it wont be so easy to bank 5K a month.

    During the down times when you are working twice as hard for half the money you will look back at when it was easy and regret that you didnt hammer away and make good when the going was good.
     
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