What minimum income do you need to feel yourself wealthy?

Discussion in 'BlackHat Lounge' started by soa0611, Aug 2, 2018.

  1. mqsss

    mqsss Jr. VIP Jr. VIP

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    My friend once told me "When you reach 20k€ per month, you kinda stop counting". Seems alright.
     
  2. Optimuskck

    Optimuskck Junior Member

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    2,500.63 $ to be exact. This is the break even point between surviving and living in my country.
     
  3. Kostas007

    Kostas007 Regular Member

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    In my country (Greece) ,, 5k euro/month is more than enough to live like a king.
     
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  4. Amoled

    Amoled Registered Member

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    Where do you live, when I am allowed to ask?
    Here you pay $700-$1300 rent for a small Flat depending on the Location :O
     
  5. netcelal

    netcelal Senior Member

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    For an internet marketer the first goal should be to at least assure his monthly expenses with a passive income, everything else that comes through the daily business makes a beautiful life.
    In my opinion, for a family with 2 children in Germany is everything over 10k-15k EUR enough for a good life . A true luxury life will be possible with over +50k or even +100k
    My target ist PASSIVE INCOME of +25k and i´m working really hard for this.
     
  6. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    If you don't have a family, sure.
     
  7. krishnaverma

    krishnaverma Jr. VIP Jr. VIP

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    Let us say a developing country. The figure I gave was in a decent city here. Overall, in the country, it varies quite a lot.
     
  8. Dr.White

    Dr.White Jr. VIP Jr. VIP

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    Can you bring me to your country =]]
     
  9. Scorpion Ghost

    Scorpion Ghost Jr. VIP Jr. VIP

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  10. Cray112

    Cray112 Newbie

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    It's all relative and differs from person to person but I am personally aware that if i made 10k usd a month I'd be really happy and it would feel awesome but i wouldn't stop there.
    I´d probably need to make at least 20k a month to feel truly content.
     
  11. Kostas007

    Kostas007 Regular Member

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    Even if you have 3 kids still you would be a king :p , IMO
    yeap :p
     
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  12. l3est

    l3est Newbie

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    anything more than 2k
     
  13. Dr.White

    Dr.White Jr. VIP Jr. VIP

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    yeah
    We should discuss this issue now
     
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  14. biffo

    biffo Regular Member

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    £10,000 a month, and thats being frugal.
     
  15. sus

    sus Junior Member

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    Well kind of motivating that even Thanos need more money LOL
     
  16. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    Hehe, it sounds a lot but if you break it down, it's not a "kingly" amount by no means. Here's a quick overview:

    * 3 kids * private school cost (let's average this over the years to 5k euro/year because it changes with the class) = 15k say roughly 1.2k per month.
    * Rent/loan payments for a nice house -> say roughly 1k euro
    * Well, you've got to feed/cloth them and you're not going to be buying junk from Lidl, so let's say another 800 euro/month there.

    You're left with 2k. Let's suppose you're financing a car (because we assume no big previously accumulated wealth) - Let's say roughly 800 month for leasing a big nice new car.

    You're at 1.2k. That's 600 euro for you and your wife each to spend. Not very kingly :p

    And worse of all that 5k is **after** taxes. So your income after expenses (but before taxes) has to be a lot higher than 5k.

    All that said, it's not like I'm saying it's bad - just not really any close to kingly ;)
     
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  17. rabbitking

    rabbitking Jr. VIP Jr. VIP

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  18. Devereux

    Devereux Newbie

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    50k a month, keep it high boys.
     
  19. LucasL

    LucasL Registered Member

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    5K a month would be good enough. I'm aiming higher, obviously. ;)
     
  20. Luka19

    Luka19 Jr. VIP Jr. VIP

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    I think it's an on-going thing

    We all created so, we all want more

    My first WU payment from Adsense was 100+ Euros and dang, I felt like a king

    in few months (probably after 15 months) I was making between 4K on each Adsense account (I had three but only two was peaking highest earning as for me)

    but you know what? I still wanted more

    When you earn more, you want buy better food, eat in better restaurants and better lifestyle needs more money; if you earn 1000 Euros, paying 800$ for a laptop is a hardest decision, while paying 1500 Euros for a laptop won't be problem when you earn 10K

    So, from my personal experience of last 4 years, I've never reached a spot of pleasure and feeling of wealth







    Maybe, if you've 10+ million Euros on bank account, you won't be in need of more money but when you are millionaire it's a different level of game and you have level up too

    so

    for me, there is no number that can satisfy me
     
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