How much is your TMI?

[lolpie]

If you guys have filled out the TMI section of the book, how much is it? Just curious...

[badhank]

*puts pinky to lip* one...MILLION dollars

well actually i included a lot of stuff, so im at about 4000 give or take
also, if your asking you should probably share yours too :p

[Design_Nerd]

I second what bad hank said.

[lolpie]

I didn't fill out the TMI thing...but if I ballpark it, its about $700 (I live on a college campus, no car, just spend money on books and paying off loans. My school ID covers food and stuff)

[lar]

$2400/month after taxes would be perfect for me

[Ali]

$10,000/month

[badhank]

ali i like the way you plan to live

[Vagabond]

i take $10,001 bob

[badhank]

sorry the right answer was $4023, im the closest without goin over, i get to spin the wheel, see u at the showcase showdow

[final_id]

Really, how do you answer this question? Doesn't everyone always want more? If I were told by a man with a magic wand, that I could work 40 hours a week for $6000 a month, or 20 for $5000, or 10 for $4000, or 5 for $3000, or 4 for $2000, I don't know which I'd pick. I think 5 for $3000 ... maybe 10 for $4000, depending on the type of work.

[lolpie]

Really, how do you answer this question? Doesn't everyone always want more? If I were told by a man with a magic wand, that I could work 40 hours a week for $6000 a month, or 20 for $5000, or 10 for $4000, or 5 for $3000, or 4 for $2000, I don't know which I'd pick. I think 5 for $3000 ... maybe 10 for $4000, depending on the type of work.

Everyone wants more, but what we're interested is in what YOU put down as your TMI

[mascij]

7k a month, I would like to exceed my current income. Set your goals high and you will achieve them. Set them low and you're just settling.

[shoe]

My TMI is $1,600 so I can quit my JOB by August 2009 or sooner but that is by no means what I'm hoping to stay at!! Just enough to quit, pay bills, rent and work on more muses.

[final_id]

7k a month, I would like to exceed my current income. Set your goals high and you will achieve them. Set them low and you're just settling.

Zowie that's a lot of money. I could work three months and be done with my entire year! :)

If I were you, I'd look outside the 4HWW box. Just cut back on the time you spend on your current job to half or quarter of a week, and accept half or quarter of the salary. Make sense? If I had that option I'd certainly consider it.

What kind of work do you do?

[mascij]

Zowie that's a lot of money. I could work three months and be done with my entire year! :)

If I were you, I'd look outside the 4HWW box. Just cut back on the time you spend on your current job to half or quarter of a week, and accept half or quarter of the salary. Make sense? If I had that option I'd certainly consider it.

What kind of work do you do?

I'm a Solutions Engineer for a fortune 500 giant here in Silicon Valley.....basically I work in the marketing department as an engineer. We spend 1 billion a year on acquisitions which maintain their current management....so it's my job to take those new products and get and try to integrate them with other acquisitions to create something that customers can actually use. Once I come up with the idea, I build it in a lab and pitch it the customers along w/ the account execs.

It's cool and I already only work about 35 hours a week, which I can't complain about - but I'd like long weekends to travel, etc. I'm a relo from MA so I'd like to do a dual coast thing, where I can spend a few weeks in MA w/ friends and then come back home to the Bay Area.

I don't make 7k a month now, I gross 5k. But I figured if I'm doing it on my own I'll need extra cash to compensate for the higher taxes of running my own company plus the fact that my health insurance won't be subsidized down to $60 a month, it'll be more ilke $500+ a month.

Plus I get a lot of my regular expenses paid for by the company, so I gotta make more cash to compensate for that as well.

I have 2 muses prepping for launch, I want to run 'em tandem w/ my full time job for a couple months to make super bank, and then I can quit the full time job and move on from there.

the tough thing about being in CA is that the cost of living is so high you gotta make more just to live. Running your own web business out here means you aren't getting the boosted salary for living in an area like this, so you just gotta make more.

Honestly, I could enjoy the same quality of life some place else for a lot less TMI, but I love the Bay too much now.

[final_id]

Honestly, I don't even know what a "Solutions Engineer" IS. Sounds to me like my friends who worked in a telecommunications company for the department of "Pricing, Profit, Economics, and Growth." In other words ... all business thought.

How did you get into it? Is it a computer job? Your description of it sounds like you're an inventor working with test tubes, but your job title sounds like you're a computer programmer sitting next to a fax machine.

And your reported lifestyle and salary sounds like you have no reason to change anything ever, at least not relative to what I've ever experienced. I'm very jealous ... :(

Well, congratulations to you for doing so well so far. :)

I do suggest you can probably get by with $300 a month, or even less, for health insurance if you do some intelligent shopping, join a "self-employed" group, and the like. And many of your job-related expenses, you'll find, will evaporate when you stop going in to an office regularly. Gasoline, car maintenance, dry-cleaning, eating out, even (for me) toiletries and laundry and gymnasium expenses dropped.

[dking]

As much as I can get for as little effort on my part as possible.

Outside of that, A million dollars a month sounds good.

[Vagabond]

I'm actually going to change my answer... my GOAL is $10,000/mo but if I can generate $3000 NET a month from my business, meaning I can actually take out of it... I will quit my job since that is enough to support me while freeing up a lot of my time..

About 6 weeks from launching my business!! :D

I have the goal of quitting my job by my 26th bday (October 7th) at the latest... my ultimate goal is August 31st... just in time for labor day :)

[lolpie]

If my Forex thing is successful - basically once I graduate from college I won't ever have to work again!!! IF it's successful =/

[Krackato]

$11,400. ......

[GriffCo]

If my Forex thing is successful - basically once I graduate from college I won't ever have to work again!!! IF it's successful =/

Damn lolpie we have very similar situations. College, forex, bb.com! crazy.

But yeah I was planning on going into investment banking after college....then I read tims book and remembered my love for travel.

I'd say at first my tmi is going to be 1.5k-2k so I can travel while living alone for a couple years then when I hit 28ish maybe up it quite a bit so I can get a house or something. But as lolpie was saying Forex and other trading, is looking pretty solid. I guess I'll know for sure in a month

[lolpie]

Damn lolpie we have very similar situations. College, forex, bb.com! crazy.

But yeah I was planning on going into investment banking after college....then I read tims book and remembered my love for travel.

I'd say at first my tmi is going to be 1.5k-2k so I can travel while living alone for a couple years then when I hit 28ish maybe up it quite a bit so I can get a house or something. But as lolpie was saying Forex and other trading, is looking pretty solid. I guess I'll know for sure in a month

Dude wtf? You have pretty much the exact same plans as me, and at the same age too! The internet is a really small place :eek:

[GriffCo]

Dude wtf? You have pretty much the exact same plans as me, and at the same age too! The internet is a really small place :eek:

Ha I think us belonging to all the same forums is every wierder than the same plans. Where you at school? I'm going to be a sophomore at case western reserve

[lolpie]

Hmmm, I'm gonna be a sophomore at George Mason Univ. More coincidences

Btw, how much have you made so far with Forex?

[GriffCo]

put in $10 on tuesday, got it to $13 using random strategies and .o1 lots.

Today I put $150 in at 355 made a quick cable buy and sold it for an easy $6 at 4 when the market closed.

Although it doesnt sound like much 10-13 is like a 30% increase in a couple days and considering .01 lots are only 10cents a pip that was some decent trades. Also I just realized my favorite strategy today.

[ephigy]

The TMI for my 6 month dreamline is $1800. As far as I gathered from the book, the goal isn't so much to make as much as possible, but to go for the amount that allows you to realize your dreamline(s). My 12 month TMI isn't calculated yet, it's a lot more is all I can say for now :D

[froldt]

My TMI is $8,000 a month. My fiance and I (we'll be married the 28th, 3 more days!) are both in college, so that's 1/3 for school, 1/3 for taxes, 1/3 for life in general. The life in general includes budgets for our study abroad semester in Ireland, a new motorcycle for me when we get back, lots of good eating, and more backpacking trips (gas money to get there/back).