reinvesting is needed - important

8 replies
Warriors,

As I write this from my mobile phone I'm thinking about an important question someone asked me last night. They asked "what was the game changer". Aka what was the thing that changed my mindset and cause me to start working hard and making money online.

My reply was, I didn't look for instant riches, I didn't look to make 10k and then put it in the bank. What I wanted to do was make enough for me to be able to move up. See, I wanted to keep putting my money back in. Without reinvesting your first profits, you can't move up.

If your sitting there trying not to spend money on your projects and looking for the cheap way out, it won't work. My challenge to warriors, is when you make your first dollar, reinvest in something bigger. I went from cheap articles to making 600 dollar profit site deals in a matter of weeks. I told myself flippas 20 dollar fee was too much for so long, when I finally invested the 20 I built up like never before.

Investing is not buying every 7 dollar course that comes out, its making a plan, and spending money to get your desired result.

Ok my thumbs can't move anymore -- so I hope this helps someone

Caleb
Via blackberry
#important #needed #reinvesting
  • Profile picture of the author vok
    The power of compounding profits into new businesses and ventures is seriously powerful stuff, it's one of the keys to real wealth creation. If you don't believe me just go and read about Warren Buffett. Your business should always be growing and growing at a speed that you can personally manage. There really is such a think of failing because of over success, it's something that's personally happened to me and you're always left with a lot of p*ssed off people to deal with.

    But some great advice there Caleb!
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  • Profile picture of the author Casper C
    Good point Caleb. There is time investment and then there is money investment. Time investment could take you years to earn an amount that may be achievable in less than a year if smart investing is done. I've learned this lesson the hard way in the past.
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  • Profile picture of the author Mike McAleer
    this is great advice and I totally agree. I apply this with my domain flipping among other things.
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  • Profile picture of the author jacked
    Very true, I always spend on what I need and then put everything I can back into my business.
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    • Profile picture of the author laurie390
      This is good advice. Whether it's investing in ebooks, coaching, or other tools to help you move ahead - you should do it!

      One thing I have tried to do is to invest in something I need at the time. That way I use it and don't let it sit there. Learning tools are worth the investment as long as you use them.
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  • Profile picture of the author Landis
    Try to make sure whatever it is you're spending your money on is actually an investment that will help you reach your goals. Too often people just spend spend spend, and to justify (to themselves) they label it as an "reinvestment into their business".
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  • Profile picture of the author BobbyFreiler
    Hey Caleb,

    I'll just work my thumbs here and say two thumbs up with everything you said. It's very obvious you know to create success and successful business. I too hope this post by Caleb helps others, because it's the dead honest truth. This is how you grow a business and approach long term success.

    Take care Caleb,

    Bobby Freiler
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