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The older you get, the more you learn. For the longest I was under the impression that making more money would make things in my life easier. But after time I began to realize one very important thing. What I realized is that the more money I made, the more I would spend leaving myself in the exact same position as before.
No matter how much you make, if you cannot manage your money you will be broke. This has become increasingly important with me making money online. Paydays are not guaranteed and you do not necessarily know when one will come. So if I spend every dollar I get when it comes in, there will be no way I could live this Dot com lifestyle that I do.
I enjoy having the free time that I have and the ability to work from anywhere with an internet connection but you have to be responsible with your earnings. What has been working for me is of every dollar I pull in, I take 30% of it to hold onto and keep the rest to play around with. Of that 30%, I take 10% and put it into my savings account, 10% for investing, and 10% for tithing. And I literally do this with EVERY dollar I make both offline and on.
For those that have read any of the Rich Dad series by Robert Kiyosaki this may sound familiar. It will sound familiar because that is who I took this practice from. Now his financial situation is much better than mine because he has been doing this much longer than I have. He has his set up to where 80% of every dollar he makes goes to savings/investing/tithing and 20% to play around with. That is my goal to get like that one day but I simply cannot in my current situation.
So with that being said, take a look at your own finances and if they are not where you want them to be re-evaluate what you do with your money. Fill out a financial statement and really pay attention to it! You cannot get to where you want to be without first seeing where you are.
