Financial Pictogrigm, Money Matters, and that sort of stuff...

G ~

Quite the parameters you have laid out! I would amend these to also include a timeframe, of say one month. In addition, how much cash should be filtering in??? $500.00, $1,000.00 $2,500.00 or $5,000.00 and up???

One of the things I have strived to do over the last year and a half is to reduce my debtload so I do not have to make XXX amount of dollars to meet my monthly "basic" living expenses.

Looking back over my career, I cannot believe, how much money, has slipped through my hands!!! If I had the wisdom and foresight to understand the financial aspect of life.... I could have been retired before I was 39.

For many years I acquired a good 6 figure income from sales. But I worked hard at it. We had the beautiful home on the hill... New 4-Runner for the Mrs. New vehicle for Dad... Campers, vacations, expensive furniture, credit cards, jewelry, etc. All of the material things that said "Hey everybody!!! This guy has made it!!!"

Everyone just starting out in Product Development, should invest $22.00 or go to the local library, and read The Millionaire Next Door by Thomas J. Stanley, Ph.D and William D. Danko, Ph.D.

I've paid my car off. Reduced my overhead expenses and it's like receiving a $6,000.00 a year raise.

What's more important than that is the fact, I don't need to create a product to cover an extra $6,000.00 in sales, to meet those old expenses!

Your post is roughly a month too late for me... I've set myself up in this scenario already. Except I plan on continuing working in my sales arena until my income from product development, is 75% on my sales income. Then I'll retire from selling in the field and move into product development, and marketing consultation in our region, for retail business owners.

At one time I needed at least 5 grand a month to meet my monthly living expenses. That was only mortgage, 2nd mortgage, 3 vehicle payments , credit card debt, camper payment, utilities, groceries, etc.! As of this writing it is down to $2,000.00. (But dang I'd love a new Jeep again!!!! But $30,000???

So when all of you are reading G's post, be sure to plug in a deadline, and an income to achieve.

~ Mike

P.S. Dien ~ I'm here daily!!! I've been watching the forum grow and develop. Some real good stuff here for those who can see it.