Yes. I know all of you will say that any Blogger should Monetize his blog when he will get some readership. But none say what amount? What do you think when should Blogger Monetize his blog?
What's the goal of your blog? Is it just to make money? Is it to provide information? Where do you see your blog in one year? Two? Five? Internetmarketingiq nailed it. You need a plan. I'm not saying you don't have one, but the more information you provide the better answer you'll receive.