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I just can't save money.

Discussion in 'BlackHat Lounge' started by Ayomav, Jan 11, 2012.

  1. Ayomav

    Ayomav Regular Member

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    I have been working online for many years and made quite some money alredy, but still today, I have less than $10 in my bank account.When I get money, I keep investing, buying domains, hosting, outsourcing etc. and my money is always finish.I want to have some money so I can do more work and move ahead faster, but I just don't have money.

    Thanks for listening.
     
  2. Atown777

    Atown777 Newbie

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    What do you spend the most money on? Something that you can live without tv? alcholol? etc
     
  3. jonnyquest

    jonnyquest Regular Member

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    You can "tithe" as the say to a separate savings account. All about discipline
    and pay yourself first. Agree with Atown77 ... give up something for 6 months

    JQ
     
  4. Ramsweb

    Ramsweb Senior Member

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    Just get your priorities straight. It seems like you are basically investing all your money. If you are investing wisely, don't worry about not saving as it should ideally bring you a good return in the long run. But, only you can judge if the investments you are making are good ones. If you don't have that gut feeling, cut back and try to save the money instead.
     
  5. Kickflip

    Kickflip BANNED BANNED

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    I do this and it really helps. Just set up automatic transfer every 2 weeks for $25 to $50 and it will grow nicely.
     
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  6. Ayomav

    Ayomav Regular Member

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    excellent idea.
     
  7. paulcarter97

    paulcarter97 Regular Member

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    I think the root of your problem is you don't focus. You need to focus to do anything, stop wasting your money and do some good works.
     
  8. jr_sci

    jr_sci Senior Member

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    Get a balance sheet.. ! helps.. !
     
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  9. transam7410

    transam7410 Power Member

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    Occupation:
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    Need more funds? Find a way. Donate blood, sell something you dont need, knock businesses offering seo. Get out there and hustle mayne. Good luck
     
  10. googlemonster

    googlemonster Supreme Member

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  11. floflo89

    floflo89 Regular Member

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    Hello!! You get only a life!! Fuck money, spend it all and try to be happy!!
     
  12. sciter

    sciter Junior Member

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    Okay, let me help you:

    1. Grab your last money
    2. Go to a liquor store
    3. Get fucking drunk on something cheap and strong.
    4. Sleep
    5. Hangoverday = Entire day inside on the computer interested in the most boring stuff.
    6. You work a lot.
    7 ????
    8. Profit!
    9. Rinse and repeat, eventually you should upscale this.


    This does work for me, but only the day after I have gone out, I do not really drink every night like some ass so I work more efficient.
    Overall, I advice sleeping badly before a day on wich you planned something boring (endless SB-blasting for example), you will feel like doing nothing and just blast some shit to keep busy.
     
  13. SirKonstantine

    SirKonstantine Junior Member

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    Read I Will Teach You to Be Rich. Its written by this indian dude. He teaches you how to budget and manage your money in a hands off way.

    Basically, when you get your money, put 50% away for necessaties (rent, bills, insurance), 10% to your retirement, 10% to savings for future spending (vacation, new car, etc), 10% to play (alcohol, drugs, whatever), 10% to education (books, courses, whatever), and 10% into investments.

    You can change the amounts up if you want to put some money back into your business.

    These percents are profits, so how much money you make after you paid everyone, including the IRS.
     
  14. Brainstorming

    Brainstorming BANNED BANNED

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    Do like I do:
    Save 1/3 of your income into a savings account
    Invest 1/3 into business ventures or the stock market
    Spend 1/3 on bills, food, gas, alcohol, trips, etc.
     
  15. forlearnx

    forlearnx Regular Member

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    Do a profit and loss to see what you are spending your money on. Find out what has earned you more money and dispose of anything that doesn't. If you end up disposing everything then you need to find a different path.

    Return on investment is key.
     
    Last edited: Jan 12, 2012
  16. xboxps3wow

    xboxps3wow Power Member

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    Occupation:
    student
    Location:
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    Summary:
    1. Get Drunk.
    2. ?????
    3. Profit!


    I like it!
     
  17. forlearnx

    forlearnx Regular Member

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    Updated above
     
    Last edited: Jan 12, 2012
  18. slickymedia

    slickymedia Newbie

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    You gotta
    1) think of what you should do to make more money
    2) think of what you should stop doing to save money
    3) When do you start doing this things


    This usually motivates me :D
     
  19. rosie88

    rosie88 Junior Member

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    Self discipline is all i can say, and spend within your means! Good luck :)
     
  20. mikeypimps

    mikeypimps Newbie

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    You just need to spend it more wisely, but if your always looking for new ways to make money it might soon pay off, very soon.