A Dollar Saved: Simple Financial Tip
When I first started out in affiliate marketing it was tough. Like most people, I had a lot to learn before I could start earning money and I was living off my savings. Thankfully, my dad taught me that a dollar saved is a dollar made, so I had a small cushion to start with. Not much, but it got me through the first couple of months, anyway.
About 6 months into it, I started making some money but every time I started to relax the end of the month would come up and I’d be scrounging for money again. It was very discouraging. Here I was working my tail off and I was no better off financially than I was the day I started.
Then something interesting happened. Tax time rolled around and I printed out my Paypal reports. And I was surprised to see how much money I’d spent on stuff I didn’t even remember buying. Stuff like How-To Guides, automated software, PLR article packages in niches no one’s ever heard off. When I looked over my records I realized just how much money I’d wasted over the last 12 months and a thought occurred to me – if I’d only known then, what I know now.
Looking over those records was a real eye-opener. Working on the Internet is great. You’re your own boss, you work your own schedule, you’re in control of your destiny. But it’s also easy to get distracted and it’s easy to be lured into buying stuff you don’t really need. All you have to do is click a button and the money’s sucked right out of your Paypal account. Painlessly. Sometimes you hardly even notice it happened.
When all of this finally clicked it was like one of those little cartoons where the light bulb lights up over the guy’s head. I had a revelation. The reason I was running out of money before I ran out of bills was because I wasn’t paying attention. I wasn’t diligently watching where I was spending my money so it seemed like I wasn’t earning enough. I’d probably have plenty of money at the end of every month if I remembered what my dad always said – A dollar saved is a dollar made.
Quit surfing for trouble: In the past I’d hang out in forums, just surfing around for something interesting. Unfortunately, that something interesting usually had a price tag attached. I forced myself to get to work instead, and after about 3 days I didn’t even miss the forum. In fact, I was even becoming productive for a change. I also stopped being distracted by every shiny new toy that came on the market.
No buying on the first pass: Now, when I do see a neat piece of software or a new How-To guide that really looks interesting, I bookmark the page and move on. I don’t allow myself to buy anything the first time I see it. I figure, if I really need it, I can come back.
See if I can find it for free: If I do find myself sneaking back to contemplate a purchase, I get on the Internet and see if I can find the same product or information for free somewhere. Those How To Make Money Online guides are usually just so much rewritten crap anyway and you can usually find the same information for free on the Internet.
See if I can do it myself: No more plug-ins and widgets and software that automates this and programs that automate that. I’m done with all of that. You can generally perform those tasks yourself, and with much better results, too. And I can’t tell you how much of that junk I have sitting on my drive right now, just gathering dust.
Wait 30 days: If I find something I think I absolutely have to have, I make myself wait 30 days before I can buy it. Thirty days seems like a long wait but here’s the thing – most of the time I forget all about it. Either I didn’t really need it or it was something new and shiny that I thought I’d need, but it turned out it was just another bauble.
When you work online it’s easy to fall for those sales pages that tell you how badly you need something. “This product will double your sales over night! You’ll make a million bucks!” Those pages pop up every where! Nine times out of ten you buy it, put it on your hard drive, and forget all about it and because you’re using your Paypal account you don’t even realize it’s costing you real money.
If you’re like me and you never seem to have enough money left over at the end of the month, take a look at what I’ve done to increase my earnings and try it yourself. And remember what my dad always said – A dollar saved is a dollar made.