is a simple tip…
But it makes
money seem to fall out of thin air.
discovered it during my first and ONLY job ever.
was a “work from home” research programming role, my boss wanted me to relocate
from my hometown Auckland, to Nelson.
little, cold town of 50,000 people.
be getting a salary until the end of my first month.
relocation was expensive. And I was broke.
got the balls to ask my boss for an advance on my salary and he agreed to pay
It meant there would be TWO lean months ahead.
Still, I survived
without any more loans. And I actually saved quite a bit.
I started an Excel spreadsheet.
I listed in
it all the outgoing money which I knew for SURE was leaving my account by the end
of the month, regardless of date or frequency.
subtracted all future expenses from the current balance of my bank account.
Then I ignored
my bank statement completely.
tracked every cent spent in my spreadsheet.
And when I wanted
to know how much money I had left, I only referred to the balance on the
Because it creates a useful illusion–that i have much less money than i CURRENTLY do.
By the third
month, I was debt-free and comfortable.
comfortable, that I invited my little brother for a 3 week road-trip!
for the rest of that year, I had so much money I didn’t even know how to
spend it. (Don’t forget, I was a student not long before).
when you’re in a business.
One of the
most annoying struggles you’ll experience when you’re kickstarting your business, is that
you’ll have days when you earn a LOT of money…
weeks, sometimes months of having NONE. (I once went an entire year without
earning and never ran out of money, because of this one idea).
people do in this situation is…
Even though their expenses are rather predictable…and always
first hits their account, they live like they own it ALL.
most in-coming money is already spent–just hasn’t left your account YET.
mortgage is due, or your car lease needs to be renewed, or your credit card
bill hits the mail…the money comes out. But it doesn’t change the fact that you wouldn’t be earning any new money until after these bills are paid.
living expenses, beyond your routine bills, are unpredictable and potentially endless.
are the only expense you can control.
And you’d be surprised what you can live without, if you are more realistic about how little of your money you really own.
Wouldn’t you rather live like you only have $200, while in reality having an account FULL of money…than
to ACTUALLY only have $200 to your name?
If there is
a real emergency, you don’t have to beg in the street, borrow from the in-laws,
or get evicted.
improve your financial situation with every passing month, instead of worsening
it with debt.
this strategy too for building up your advertising budget.
why in my Traffic KickStart training, I included a Traffic Calculator.
is to forecast your advertising expense, your revenue, and your profit over the
next 12 months.
fill out your current numbers, and it will tell you what your future looks like
if you keep going at the same rate.
you both a “best case” and a “worst case” scenario, so you can plan for both.
a free video tutorial with the tool which tells you how to respond to the
information you get. So you can create the “best case” scenario for your
More info here: