Online Budgeting And Planning

how to spend 40 bucks

How Would You Spend 40 Bucks?

January 17, 2016 // 0 Comments

There are two kind of people in the world. The ones seizing the moment (you know… carpe diem or seize the day type) and the ones planning ahead, investing in their future. People seizing the moment enjoy each day as it were their last, but don’t think or plan for what lies ahead. They live in present and prefer to take life as it comes, without wondering what they can do to make it better. Those planning ahead, on the other hand, briefly enjoy each small victory, and maybe reward themselves for a job well done. But quickly after, look down the road and see things in perspective. They become restless when they don’t do anything to move forward. How many of the highly successful and achieving people you admire take life as it comes instead of in their own hands? Tell me if you can think of anyone, I’m having trouble finding such an example. Now, let’s get practical, start small and see what would you do with 40 bucks. I chose 40 bucks because that’s the top cash prize on our contest here at Adrian’s Hub. What’s the first thing that would go through your mind? Option A: Let’s go out tonight and spend the money! Option B: How can I earn more by leveraging the 40 bucks? If you’re asking yourself the second question, do you know how to best spend your 40 bucks? If you are already a veteran in your industry, you probably do, but newbies usually make many mistakes before finding the right way. Hey, you already would have won our contest to get those 40 bucks, and that required determination, taking regular action and even strategizing. So, you’re already many steps ahead someone who haven’t done all that. You’re already experiencing the compounding […]

Where Do You See Yourself Five Years From Now?

November 26, 2014 // 3 Comments

I’m not expecting an answer to that, but rather I would expect some of you to ask yourselves the question and respond truthfully. Yes, it’s a tough question. Many wouldn’t have an answer if instead of five years would be three years from now or even one year in the future. It’s only fair to try to answer this question myself. I’m currently involved in three industries that can occasionally interact, but not as a ground rule: online advertising, programing (a little rusty here, but I’ll be back!) and financial media. I’m confident I will still be involved in at least one of these industries five years from now, and fairly confident there will be more than one with various degrees of involvement. The shorter the time span, the higher my certainty, as always when we deal with unpredictable factors. I know there are people who like to seize the day and just go with the flow. Well, you caught me! I have such days too, but they are not a habit, which make them even more intense for me. So, did you answer the question? Do you see yourself being involved in the same industry as now? Would you have a regular job? Do you have a regular job now? Assuming you are in the online marketing business, will you earn enough money online five years from now (if you don’t already do), to have a decent life and no other regular job constraints? Lots of questions to think about… Planning ahead is what makes the difference! Let’s learn from my mistakes: Taking a look back at my early years in online marketing, I realize that besides the knowledge gained during that time, they are mostly wasted, because switching markets made the programs I used or administered back then […]

Finding Balance Between Overspending and Not Spending Enough

November 2, 2014 // 0 Comments

Here are two good advice that make perfect sense, taken separately: 1. Don’t spend more than you can afford ! 2. Invest nothing (in your business, in yourself etc.), expect nothing or very little in return. These rules apply in several industries, but let’s focus on online advertising. So, the first rule says you should have a cap on your expenses to keep them from affecting your basic needs. The second one urges you to spend money to increase your profits. See the dilemma? What happens if you are on a tighter monthly budget? You need to find a balance between the two extremes. The first thing you need to take into consideration when planning your online business budget is the recurring payments you have to do. They come month after month, and your budget absolutely has to cover these expenses. Then comes your advertising budget, your personal development/training budget, both very important as well for your business. The bigger your monthly budget is, the more complex choices you can have. You can also read about how successful marketers got to be… so successful. In fact, I think it’s a lot to learn from their experiences. Just remember this:  success stories don’t necessarily guarantee your success, but they can inspire you, and you can find in there things you resonate with and can provide valuable insights. Close to our topic, if you haven’t read it already, I urge you to read Jon Olson’s The Pizza Plan 2, which was revised for 2014. It’s written for a 75$ monthly budget and around a few core ever green products. If your budget is higher, it’s natural you can tweak it up. You can find out why Jon made pizza, when he gave up his offline job and other interesting stuff. There are […]