I know, I know the thing you want to hear most is how to generate traffic to you website. But as your income grows you also need to have wisdom on how to increase your net worth. You see most online marketers only talk about their income but not their net worth.
If you are an internet marketers interested in understanding money, I want to share with you these 5 facts. There are only five ways you can use money. Earn it, Spend it, Save it. Invest it or Give it.
Earning.
In one way or the other you must earn an income. It can come from various sources but it is the biggest factor that determines your net worth growth in the long run. You should aim to increase you internet business
income by at least 25% annually.
Spending.
Once you earn money it is at your disposal to spend. What matters are your goals. If your goal is to be a high net worth internet marketer with the freedom to do what you what with your time, then spend less than you earn
Saving.
I think it is where you require discipline. The best way to do it is to save a proportion of your income. If you are deeply in debt, start with 1% and increases it by a percentage point every month. In twelve months you should be at 12%.
Investing.
You invest to get a return that will ultimately give you the freedom that you crave for. Investing has risks. And the more the risk the higher the return.
Giving.
And finally you can give away what you earn. Giving is important because it frees you from the scarcity mentality. When you give you tell the universe that you are aware of its abundance and the universe will go ahead and open more doors.
