What does it feel like to make 6 figures

Cnotey said:

I appreciate the apology.

Just wait until you have 3 teenage kids.....Your expenses will skyrocket.

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Understandable.

I crept through this: http://www.blackhatworld.com/blackhat-seo/making-money/524038-how-i-make-160k-year-my-day-job-just-talking-anyone-can-do.html

Very impressive. Maybe we can bounce ideas and concepts off each other someday.

Living in 3rd world country and making 5-6 figures even per year is incredible.

Where one decent clickbank sale will bring you more money than 1 week with regular payjob is crazy.

You will feel more secure, more time for yourself, you will just tend to make more with yourself, you will have money, you will want to look better, you will go to gym, you will buy decent car, your parents will be secured and they can retire if you are willing to help them, you can live easier, I repeat, in 3rd world country.

With 3-4k$ it's not so great in Australia, US or Canada, but in Bosnia, Croatia, Serbia average worker is paid 10$ per day.

Sherbert Hoover said:

Understandable.

I crept through this: http://www.blackhatworld.com/blackh...ar-my-day-job-just-talking-anyone-can-do.html

Very impressive. Maybe we can bounce ideas and concepts off each other someday.

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Hah that's such an old thread!

What's funny about that software. I had it written back in 2012.

Then Google came out with Helpouts in late 2013. They ended up sending me a cease and desist letter stating I was infringing on their patent.

I sent them my prior art, and never got another letter from them. A year later they shut down Helpouts.

The first time I made my 6 figures; I said to myself "I should pay some taxes now" the same day I fixed an appointment with accountant!

SEOWithV said:

I think the #1 thing I noticed from myself once I passed 6 figures was just how my motivation and work rates skyrocketed even higher. When you start making some decent money, you naturally want to make more and I realised with me I actually started working a lot harder with my projects. And I don't think I've changed.

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If you can prove you have made a 6 figure deal I will run a marathon in 2016 dressed as a penis.

Why not just ask CEOSam?

Ste Hughes said:

I bet $2,500,000 will see 99.9999% of people through life in extreme comfort with no money issues at all.

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If you invest $2.5 Mill at the average S&P performance of about 7.5%, you end up raking in about $180k a year.

Plenty of money to live comfortable for the rest of anyone's life.

move forward and make 7 figures...

the key is to always remain broke mentally.. This way if you feel broke, you will always work to push forward. In he USA.. 100k Is nothing before taxes...100k after taxes is good... but if you have to pay taxes like that, then you basically have a regular 9-5. If you never feel rich, you will always work to earn.. Most people earn a big sum and think they have made it.. but in actuality thats when you push forward even harder.. I never worry about the actual money, i worry about the process... if the process works, the money will come... always work to make the process better.. and this could be anything.. if i have a app, ill focus moreso on making the app popular... by adding features, tools etc... the money will come... so to sum it up.. you make small goals.. (milestones).. so if you get to 100k, your new goal should be 1 million.. if you keep making new goals you never get stagnant.. If you weigh 300 pounds, your first goal may be to lose 50 pounds.. once you reach 250 pounds.. you wouldnt get happy and celebrate because you're really not in shape.. now you make a new goal.. and whats crazy is theres no end to it.. even if you get to 180 pounds, youll still find imperfections with yourself..

Cnotey said:

If you invest $2.5 Mill at the average S&P performance of about 7.5%, you end up raking in about $180k a year.

Plenty of money to live comfortable for the rest of anyone's life.

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Absolutely but the S&P is over 7.5% more like 10% (2014 was 11.4 or something right?)

If the average person puts away $1000 into a S&P 500 fund for 22 years they end up with $1,000,000 at the end of it.

That's $264,000 of money you have put away, and turned into $1,000,000 by doing nothing more than leaving it in there.

It's awesome.

Ste Hughes said:

Absolutely but the S&P is over 7.5% more like 10% (2014 was 11.4 or something right?)

If the average person puts away $1000 into a S&P 500 fund for 22 years they end up with $1,000,000 at the end of it.

That's $264,000 of money you have put away, and turned into $1,000,000 by doing nothing more than leaving it in there.

It's awesome.

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I've got a boring-ass thread in Jr. VIP tracking $10K I dumped into VFINX. It's returns look to be on par if not slightly over that of the S&P 500.

For the S&P, last year was around 13.7%. The year before was 32.4%. So if you invested $100K on January 1 of 2013, and took out just the interest accrued over that year, you'd have a good $32,400 to take out before any fees.

Ste Hughes said:

Absolutely but the S&P is over 7.5% more like 10% (2014 was 11.4 or something right?)

If the average person puts away $1000 into a S&P 500 fund for 22 years they end up with $1,000,000 at the end of it.

That's $264,000 of money you have put away, and turned into $1,000,000 by doing nothing more than leaving it in there.

It's awesome.

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Sherbert Hoover said:

I've got a boring-ass thread in Jr. VIP tracking $10K I dumped into VFINX. It's returns look to be on par if not slightly over that of the S&P 500.

For the S&P, last year was around 13.7%. The year before was 32.4%. So if you invested $100K on January 1 of 2013, and took out just the interest accrued over that year, you'd have a good $32,400 to take out before any fees.

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Yea I was being conservative. I think the average for the last 10 years is 7.5% or so.

It feels like you're running a marathon with a blindfold and someone yells out "YOU PASSED A HUGE FLAG!!! almost there!" There's a sense of pride and accomplishment along with a sense of confusion. You see that added 0. For the first week you find stupid fucking reasons to check your account. Like, "I gotta make sure that pack of gum didn't go through twice".

Then you feel confused. It's probably relative to context.

I remember Oct 2012 I had $16k in the bank. Hurricane Sandy struck. Before the end of Febuary 2013 I was around $102k. I was working my ass off depositing multiple checks a week. But it was a windfall of great luck. Most of the time, you can't go knocking on strangers doors closing 4 & 5 figure jobs like moneys falling from the sky. Then power came back on and call volume was unbelievable. So when I passed that mark I felt like the money wasn't real. You just see checks and numbers. Checks and numbers. Then digits in your bank that look like a calculator.

I remember thinking "I should treat myself". But you feel like if you drop back down to $99k you'll somehow be "poor" again. So I became twice as frugal. Twice as paranoid. I made 6 figs but didn't have it till I passed like $110k. The point when you get some padding in the bank.

Even still, there's a counter force like Tommy said. You have to get to $110k to fully realize you have $100k. Then when you become "comfortable" with it you realize you're 1/10th of the fucking way to $1M. You realize how long it's taken, all the work you've done, all the bs, the good luck, the bad luck etc. I'd say $1M feels farther away at $100k than at $10-$20k.

Also, there's a big difference between a net worth of x amount vs cash of the same amount. People don't seem to realize there are people worth millions in assets who don't have enough cash to pay their bills.

Fortunately, I'm not one of those people. I've paid my mortgage. I'd bet my checking that for my networth, I live in a home 1/2 to 1/3 the size of 90% of men in my bracket. That I drive a car 1/4 as much and my bills are equally as low. I'm good at saving money. In every respect other than food. I can't wrap my head around how 2 parents with 3 children can spend just $300 / month on groceries and $120 eating out. I have a cousin like this. Somehow I spend almost $800 a month on food. For myself, my dog and my fat spoiled fucking piranhas. If someone told me these fish live 20 years and still grow after 10 I would have killed them 5 years ago.

BreaknBrix said:

Also, there's a big difference between a net worth of x amount vs cash of the same amount.

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Fuckin' nail on the head right there. Every six month's my wife's medical school loans take another $25K+ off our net worth. It's currently a battle to get to net worth zero before the next hit comes.

The American dream...