saving

Staying Broke When Making Money

I am going to give you today the number one way to get rich. It is a step that you HAVE to follow if you want to have sustainable financial success in your life. Staying broke.

Probably everyone of us knows the feeling. We are getting a raise. We started a new business that gives us some extra money. Or won something gambleing. What do we do? Do we save it? Maybe. Maybe a small percentage of what we got. But certainly not a lot- And certainly not ALL of it.

How long do you want to take to actually get rich? To actually not worry about your finances anymore? To live the life of your dreams? You can get rich the slow way. Or you can do it the fast way. It is up to you. I suggest you to take the fast way to financial success.

“How do I take the fast way to financial success?”

You do it by staying BROKE. Notice I say broke not poor. You will massively increase your income. At the same time you will have the same expenses that you’ve ever had. Prefereably even lower ones!

Staying broke is the way to go. I did the same mistake each and every time I got money. I was spending it for useless shit. It didn’t matter how much money I made. At the end of the month I was alsways +/- 0 (after a modest amout of savings). My income increased and decreased during the year. The amount of money I had at the end of the month never did.

Until I decided to change something. I kept track of what I NEED to spend every month to have a decent life. Good (but fairly cheap) food, entrence for clubs, expenses for things like gym, transporation and mobile phone. I made sure those expenses are as low as possible.

Everything I made after my normal monthly expenses I SAVED. I didn’t spend the money, NO MATTER WHAT. My income increased and suddenly I had cashbundles laying around the house. Never violating my rule of staying broke.

If you ever want to have financial success. If you ever want to make and KEEP a lot of money, internalise the rule of staying broke! If you increase your income while staying broke at the same time you will get the financial success you desire in the shortest time possible.

If you like this post I HIGHLY encourage you to check out this book by Tony Robbins:

If you want to start your own Blog I recommend choosing Bluehost:

Building my empire

What have been the magazines now is the blog. What was the Television is now YouTube. It is a new era. Gone are the old times. And this is wonderful. Because everytime there is a new era. There are new ways to make money. Blogging is one of them. Making Videos is one of them. Doing podcasts is one of them. All of it is a fantastic way of making money while simultaniously expressing oneselfs ideas to the world.

There is a concept called You.Inc. Builing the brand of yourself. You are making money with your own Brand. With who you are. I do like this fact a lot. Because I always wanted to get paid for being me. Today I have the opportunity.

I finished reading an incredebly written and very motivating post: http://www.financialsamurai.com/how-to-build-passive-income-for-financial-independence/

Let me give you the gist that I got out of it:
1. Predetermine your financial goals (How much money do you need a month to be happy?)
2. Put as much money on the side as you can
3. Safe and Invest that money and NEVER touch it
4. Work on some bigger project while simultaniously investing (i.e. building your brand, blogging, youtube) and get some more money

Repeat that circle and you will be pretty much guaranteed to be successful. What I like about that formula is that it is easy and actually applicable for everyone.

I am doing the following now to get a step closer to my financial goals..
.. I have 750 bucks safed (my savings since I started my journey ~1 month ago)
.. I have 70 bucks invested in something that will return me 150 bucks
.. I need to call a new client that is interested in getting tutoring lessons with me (been procrastinating on that all the time)
.. I am building my brand as I am writing this post here right now

That is what I do to get closer to my dreams. What do you do?