What's Your Financial Profile?

by ACandi
3 replies
I'm sure online marketers would have been at different financial stages when they made their first 'breakthrough' in online income.

When I say 'breakthrough' I mean the first commission / income that MEANT something and will always be remembered. That can be any amount from $1 to $1,000.

For the purpose of this post I'll describe three (3) financial situations:

1. Managable - that means I can meet my monthly expenses and have about $50 - $100 a month for optional expenses. I also have access to about $3,500 investment capital through loans and / or sale of assets.

2. Tight - that means I have to juggle payments of my monthly expenses to keep my creditors 'happy'. I am able to squeeze between $20 - $50 a month for optional expenses. I can access about $500 investment capital through loans and / or sale of assets.

3. Desperate - that means I can meet my basic monthly expenses but not other expenses I need to survive. Some of my creditors are unhappy and have been sending me demand letters. I can sometimes manage to squeeze $20 - $50 a month for optional expenses. I have no access to investment capital through loans or sale of assets.

Of course you may not fall exactly into any one of the three categories above as there may be spillover characteristics from anyone to another. You can however, choose what may be most applicable to you when you made your 'breakthrough'

For me; my financial profile was 'managable' when I made my first $170. in about 22 days. That was the start of commissions of over $300 a month for 3 consecutive months, I'll always remember those four (4) months.

What about you? What was your financial profile when you made your breakthrough?

LB.
#breakthrough #financial #profile
  • Profile picture of the author MValmont
    I was broke when I started internet marketing.

    I was an apprentice Analyst for a finance company and I was way underpaid and had way too many student loans and credit cards loans....

    I'm lucky I started with a method that is fast and easy. Took me about 3-4 months to quit my job ( over a year ago).
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  • Profile picture of the author Kay King
    I think you skipped a 'profile'....

    "Comfortable" - not rich, enough to pay the bills without worrying about them - and to enjoy life within reason - some travel, some shopping or entertainment - add to savings, etc.

    #2 and 3 are not acceptable for long - and #1 just isn't enough to relax to me.

    For example, in the past 4 months I've had 3 unexpected expenses. I say "unexpected" but if you have a car (repairs were $630) or a pet (surgery in April and another surgery scheduled next week for my dog ($1400 total)...you have to PLAN to have UNPLANNED expenses.

    I think the first money you make is important - it PROVES there's money to be made...and that you can make it.
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    • Profile picture of the author George Schwab
      Originally Posted by Kay King View Post

      I think you skipped a 'profile'....

      "Comfortable" - not rich, enough to pay the bills without worrying about them - and to enjoy life within reason - some travel, some shopping or entertainment - add to savings, etc.

      #2 and 3 are not acceptable for long - and #1 just isn't enough to relax to me.

      For example, in the past 4 months I've had 3 unexpected expenses. I say "unexpected" but if you have a car (repairs were $630) or a pet (surgery in April and another surgery scheduled next week for my dog ($1400 total)...you have to PLAN to have UNPLANNED expenses.

      I think the first money you make is important - it PROVES there's money to be made...and that you can make it.
      agree with every word.

      first money you make is important, however small the amount. mine was about
      $40 commission. i was ecstatic, ran downstairs to my wife and said : honey it works!!!

      UNPLANNED expenses: Fu** yeah, MAN!
      over the next month or so i have 57k of Unexpected new expenses.

      my girl said: no way you're going to do it.

      I said: and that's the difference between boys and girls. of course we're going
      to do it, thats how we got here in the first place. max out your da**nd credit cards
      and starting from october pay them back monthly. A total no-brainer.

      Girls! Hahahaha. They are so lovely with their little ideas and their big smartphones.
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