Making Money Online and Keeping It Offline

Yesterday evening, as I was getting ready for work, I thought a bit about Google’s conference call and what they did to have such an asounding 3rd quarter, in the midst of a burgeoning recession.  It’s not that they made so much more money then analysts were expecting, or created some new source of generating revenue.  They did it by reigning in their capital expenditures (their growing expenses).  I thought about that and how we all can learn from them in our own personal lives.  The purpose of this blog is to focus on how I make money online, but what is the point of it all if the new sources of income I create are flying out the door?  I’m still not getting ahead.  We all can learn from this.

Most people in this country have a tough time understanding the concept of saving.  Besides a 401(k) plan that their employers offer, most have difficulty saving anything meaningful on their own.  I’ve know doctors and lawyers who make large personal incomes every year but aren’t any better off then some with jobs that pay half as well.  It’s because they, like almost everyone, think that because they are making more money, they have the ability to spend that much more also. 

As our incomes grow, whether it be online or off, we have to understand that to get ahead, i.e. eliminate credit card debt, car payments, mortgage payments, we have to focus on those things and pay them off sooner rather then later.  Taking out new loans, which has become increasingly harder to do for everyone because of this country’s faltering financial system, is a path to more of the same – that is NOT getting ahead.  Also, simple cost cutting, like Google did, will help us all to keep just a little more money in our pockets.  Do more bargain shopping, do more feature slashing on cable programming, cell phone plans, or even that gym membership you haven’t used in 9 months.  YOUR MONEY is being put in someone else’s pockets.  Do your best to keep it in yours for the longest time period you can.  That’s what successful people do.  Even people who win millions of dollars in the lottery are broke just a couple years later.  Their capital expenditures rise faster then their income coming in, and that is a sure path back to the poor house.

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