How to spend your first pay cheque (for beginners)

10 replies
This is a quick post for the beginners in this group: how to spend your first pay cheque from your internet marketing efforts.

I remember reading this back when I first starting dipping my toes into the IM world, a good 10 years or so ago now. I don't remember who exactly, but I think it *may* have been the late and great Corey Rudl. While I'm not 100% sure on who said it, the advice stuck with me.

This person said when you get your first bit of money from the internet, take your wife/husband/partner (or all three of them - boom boom tish!) out to a nice dinner, and spend it all.

A strange bit of advice when you first hear it, but when you think about it:

We know how much time, work, and effort it can take before you bust your way into making solid income. When you're sitting at your desk, and in a moment of weakness (which we all have) are thinking "Damn, why did I ever decide IM was a good idea?!", you can think back to that meal and remember that yes, you can make good money from the net.

Instead of your first $100 being absorbed into the neverending pile of bills, instead you'll remember the event, and you'll remember that feeling of spending money that you plucked out of the internet. And not only that, your partner will also see the worth in what you're doing.

It's interesting advice, and something that stuck with me all these years.

That's my bit of reflection for the morning...

cheers
Sam
#beginners #cheque #pay #spend
  • Profile picture of the author sypherblade
    My first check was used on other IM programs. I loved the idea of taking out my family to a nice dinner, but I just couldn't help but think of that one dinner was worth an entire month of work. So I invested my money back into IM and now have enough for a dozen dinners a month. I do have to admit, no work and no fun doesn't make for a good marketer.
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  • Profile picture of the author samstephens
    I'd probably be more in your camp, Sypherblad - folding income back into your business to grow it further.

    But I can certainly see the idea behind what this gentleman (wish I could remember who) was saying.

    It can be a great motivation, and also a "proof of earning potential" to your partner. Taking something tangible out of a non-tangible business can be quite powerful in your early days!

    cheers
    Sam
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  • Profile picture of the author phmoisan
    Hi Samstephens,

    That's a tough one for me.

    The first thing I thought of responding, after reading the first lines of your post, was "I reinvest in my business".

    I have kept thinking about that since the beginning of last week. I am a member of paidinseconds. Tomorrow, I will have made more than $ 50 in their system. I should be able to reinvest in it to make even more even faster. It's the first tangible results I get from building my business.

    The rest of your post helped me to stop and think. My wife is very very angry at me, cause I've spent too much money recently on the business. Showing her that I do get results might help to have her, well, maybe not yet as a supporter, but at least less of an adversary.

    I noticed the number of posts you have in the WF. You've been around. I will look forward to anything you say on these forums.

    Thanks !

    Philippe
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    • Profile picture of the author burtonridr2
      I like the idea, it can be so hard to let myself have a little fun sometimes...

      Isnt the point of IMing to have a better lifestyle for our families?

      Its always tempting though, I always want to put that money to work...
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  • Profile picture of the author Matt Morgan
    Originally Posted by samstephens View Post

    This person said when you get your first bit of money from the internet, take your wife/husband/partner (or all three of them - boom boom tish!) out to a nice dinner, and spend it all.
    All three of them? That would be an interesting relationship, which has all three members in, a wife/husband/partner. I guess they could split the bill 4 ways then, hey?

    Enjoying your profits eating out is a good think, and I also second to reinvesting the profits into the marketing which will produce more traffic.
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    • Profile picture of the author phmoisan
      Originally Posted by Matt Morgan View Post

      All three of them? That would be an interesting relationship, which has all three members in, a wife/husband/partner. I guess they could split the bill 4 ways then, hey?

      Enjoying your profits eating out is a good think, and I also second to reinvesting the profits into the marketing which will produce more traffic.
      LOL

      I haven't had much of a chance to laugh out loud lately. Too busy IMing. Two thumbs up ! ( Is there a smilie fror that ? )
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  • Profile picture of the author samstephens
    How would they go about sharing the other 'grown up' activities that couples do? (if you get me )
    You just have to make sure you stretch up well before hand, and the rest takes care of itself.


    Or so I'm led to believe.


    My wife is very very angry at me, cause I've spent too much money recently on the business. Showing her that I do get results might help to have her, well, maybe not yet as a supporter, but at least less of an adversary.
    Haha, yes, a dinner out or a nice necklace may help the home life

    It reminded me of a newsletter I wrote awhile ago - I hope no one minds me posting this here, as it relates to what Philippe and Eric mentioned. It's about balancing Happiness and Profit:

    GuardHQ - Digital Sales Security for Internet Businesses Blog Archive GuardHQ Newsletter: Happiness AND Profit

    I'm coming up to about 10 years or so in this business, and if there is one thing that becomes more and more important the longer you're in, its balance. This industry can make you excellent money, but it can also eat your soul. I recommend aiming for somewhere in the middle

    cheers
    Sam
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  • Profile picture of the author MartinCS
    Reinvest. Biggest mistake I made when I first started making was not reinvesting.
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    • Profile picture of the author DaveHughes
      The problem (to me, anyway) in immediately reinvesting everything you make is...well, if you're like me, you'll never feel you've made enough.

      We all do this for a better life, in one way or another, whether it be a higher standard of living or a way to make a full-time living. What's the point if you never see that higher standard of living?

      You (and your bizarre threesome of a life partner set) need to enjoy some tangible rewards from the choice of entering the MMO world. What's more motivating...the thought of that $100 enabling you to make more down the road...

      ...or your wife/husband's smile as they say "I'm so proud of you...this is great!"?
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