GoFuckYourself.com - Adult Webmaster Forum - View Single Post - It's sad how many webmasters are great at making money and horrible at managing it

Sly · 07-11-2009, 07:31 PM

Quote:

Originally Posted by qwe

good point BUT you don't want to be saving too much... I agree tho that you should save a decent amount for rainy days but what's the point of working hard, making alot of money and living same life style as if you worked at macdonalds ? also what good is it to have alot of money and not enjoy your young life (if you're in your 20's and early 30's) before settling down ? not to mention tomorrow is not guaranteed.... great money management to me is all about knowing that business can struggle any day, plan where money goes, don't spend it on useless shit, save decent percentage, do all that while still enjoying some of your paycheck

The idea isn't to live like a hermit and not enjoy the fruits of your labor. The idea is to live an exciting and fruitful life, but moderately, so that tomorrow you can live that same life. It is very, very crushing, for someone to get accustomed to a certain lifestyle and then lose everything. This month's $10,000 does not mean next month will bring the same income. So you go out and you get a $700 a month car, a $3000 a month house, and you party like a rock star every week loving every minute of it. Then next month rolls around and you are down to $2000... what do you do? Most people panic. Make very bad decisions. And do whatever they can to survive. Which begins a cycle of madness that is very difficult to stop.

The idea is simply to live a lifestyle that you can afford and also save for a rainy day so you can continue that lifestyle Day in and day out.