TommyCarey
Level X3
Write the reason you're deleting this FAQ
A ton of people out there want to be successful online but they don't know exactly how to handle their profits when they begin to come in. The one thing that I see happen so often is that when people start making an extra $10, $20 or even $100 a day they begin to spend it on stuff they've always wanted. The money coming in clouds peoples judgment and plans on making a stable income to pay them for years to come and spend it on spur of the moment things.
One way to fix this is to see any money coming into your paypal account, or account you prefer, as your businesses money and not your own. Doing this will make it feel like you work for the company and you're not making the money yourself. It sounds odd, but it works and I've been doing it for years. I pay myself enough for bills, food and a random movie here and there. Everything else goes back into my business account and gets funneled into marketing to increase my profits later on.
Think of it, you can buy a $1,000 suite, $200 shoes and $100 sunglasses with $1,300 or you can take that $1,300 and put it into a PPC campaign and profit $10,000 if you do it right. Then you take that 10k and push it back into marketing to increase your profits even more. If you continue pay yourself what you need to live and then push the rest into building a successful business, you will see the fruits of your labor sooner than later 
I know I don't want to be an 80 year old man grinding day in and day out to increase my profits. I want to grind now and pay myself less so that in 10 years I can pay myself $10,000,000 a year and sit on a beach with my family while my company which is self sufficient is ran by competent staff and managers
People always say they're going to bootstrap, but not as many do it because they dip into their business funds to buy something they don't need. It's a hard habit to break once it starts, so never start it
Like what you read here? Follow Me
https://www.seoclerks.com/user/Razzy
Thanks,
Razzy
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RaduV
Actually the first rule in any business, not only this one, is to reinvest the profit in order to get more after a while. Indeed, it will be wise to have a wage but not everybody manage to get that much to pay a proper wage and have something left to reinvest.
For instance, I just arrived from a 3 months sea trip where I got a really good wage. I can afford to stay at home for half year before I will feel the need to go back to work. However, If I do that I will only spend and I can't save anything or at least not that much. For this reason, while I am at home I do some online jobs to attenuate the spending spree and the percentage of savings to be higher.
Everybody have to think for the future, like you said, money come in clouds( i would have said waves or showers, but we can work with clouds)
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