“I just can’t spend the money right now…”
We totally feel your pain.
When we started our online business, we were both school teachers in a small town in rural Southeast Kentucky.
We were living paycheck-to-paycheck.
By the end of the month after the mortgage, the groceries, gas for the cars and all the other bills we had VERY little left to spend on our business.
We almost gave up because we didn’t think we had the money to grow.
Then we realized two LIFE CHANGING principles:
- The way we spend our time & money is our TRUE priority list in life!
- We don’t SPEND money on our business, we INVEST money in our business to BUILD a better future!
We looked at our budget.
Did we REALLY need to be spending money on Cable TV? Was that a good use of our time?
Was that REALLY a good use of time or money?
NO. It was not.
So we cancelled Cable, and saved over $100 a month to invest in our business.
That $100 a month helped us grow our business to a point we could QUIT OUR JOBS in just 13 months!
Did we REALLY need to live in such a big house? How was that helping us?
So we SOLD OUR HOUSE and downsized into one that was smaller, but HALF THE MORTGAGE.
That freed up almost $600 a month to invest in our online business.
We said to ourselves “When our online business takes off, we will buy the house of our dreams!”
We were saving for a new car, which we could put money down on and pay a payment.
But we decided to use that money in the business…when we were making more, we’d buy a car with cash.
The old one would have to do!
That saved us another $400 a month.
We said to ourselves, ” When our online business takes off, we’ll buy a new car with cash!”
We were determined to sacrifice a little now to gain a lot later!
We took that $1000 a month from the house and the car and used it to go to live events, hire coaching, and pay mentors.
That investment in high-quality coaching helped us triple our business in our second year and have our first 6-figure month in 2014.
Now? All the sacrifices paid off!
We paid cash for our new car, and just bought the house of our dreams!
We made our business the priority, sacrificed, and invested in our future.
Looking back, a few years later it’s scary to think where we would be if we had not found the money to grow our business.
Probably in the same place: paycheck-to-paycheck, 9-to-5, and no chance at anything more.
Where will you be in a few years?
What could you change to free up money for your online business?
Are you REALLY all in and investing like you could?
How can you do what it takes to invest in YOUR future?
We can help!
Click here, and post a business budget question in the forums!
We will help you with your budgets and make suggestions to free up the money you need to invest in your business!