How Do You Format the Spacing Between a Bullett Point and the Begining of the Text?

I thought that the "first line indent" or "tab position" would have been what I needed but changing those values didn't do anything:

My two cents:

• remember that Left Indent and First Line Indent work together. winterm​'s examples are pretty typical of values a lot of us of use—the first and left indent values are identical—but first line indent is always a negative number so that it moves to the left of the other lines in the paragraph.

In the screen cap below, the paragraphs to the right are using the settings shown at left. Note that I left the tab position blank—InDesign just quietly sets it to match the Left Indent, so it works automatically.

EDIT: Again, thinking about the novice InDesign user—note that I'm using picas & points, winterm is using millimeters and you might be using inches. It doesn't matter—just follow the same relationship of the Left Indent and First Line indent. And keep making the numbers smaller until you are happy with them.