Spending cash is simpler than making some
Ever since I began writing on-line nearly 4 years in the past, I made extra money than I ever thought potential. I haven’t change into a millionaire simply but, I haven’t moved to a distant island residing off passive revenue sipping piña coladas on the seashore both. As a substitute, I stored my 9–5 job, and I used lots of the cash I generated on-line to attempt to increase my enterprise. However once I look again on the previous 5 years, I generally marvel the place the cash went.
Earnings diversification is vital to any on-line enterprise. Listed here are my totally different revenue-generating channels:
Writing on medium.comSelling digital merchandise on my websiteCreating video programs on Youtube.comDo some freelance work (from time to time, not loads)
Altogether, this has introduced in nearly $100K over the previous 5 years. But once I open up my checking account to verify the stability, it’s nowhere close to that quantity. I satisfaction myself on being good at managing my cash, saving and investing loads for a wet day. I dwell beneath my means and I spend moderately frugally. I might afford to drive a a lot nicer automotive than the one I’ve, however I solely use it to go from A to B, to not exhibit on the pink gentle. I purchased a home beneath our funds to ensure we didn’t begin residing above our means. On the finish of the day, I do have some cash left from the $100K, and that’s higher than somebody who would have blown by all of it. However I’m generally undecided if every part I spent with a “development technique” in thoughts was value it (extra on this later) and if there are some issues I might have accomplished to have extra left in the present day.
With that in thoughts, I believed I’d record down an summary of how I spent the cash I made on-line over the previous 5 years. This has a double profit, each for me and my viewers:
I get to go over my funds, get extra readability on my cash, be taught some alongside the wayMy viewers will get to see what it’s wish to run a web-based enterprise, be taught concerning the working prices, and hopefully get impressed from an entrepreneurial perspective.
