Hello everyone. Im new here - although I was one of the first affiliate marketers on the internet. I made it big and got out of the game about five years ago. I'm kind of old now and have had years to reflect on what happened to me and to others I saw around me. I just wanted to drop in and give some words of advice to people who have either made it already, or are dreaming of making it. I have seen many people who just can't handle their wealth and throw it all away. Then, when the magic money tap dries up, they have nothing left to show for it, and they never want to work again because everything seems too tedious and low-paying to bother with. Here are my tips. Sorry if they sound a bit patronising or a bit "Zen" - Im not religious or spiritually-minded in the slightest. I just know what I experienced, how I dealt with it and wish someone had told me these tips back then. 1. HOME : Don't buy a house unless you pay most of it in cash upfront. The riches can dry up as fast as they came and you could be left with a huge mortgage with no means to pay. 2. FUTURE : Put at least 20% of everything you earn into something you cannot touch for five years - like a long term deposit. I can't stress this enough. I guarantee the majority of you will thank me for this if you do this. Once you do this, if you feel the urge to enjoy the rest of your money, go ahead. 3. EGO: You are not Master of the Universe if you get wealthy. You are *not* better than *them*. There are lots of people just as clever as you who just never had the opportunity to be exposed to affiliate marketing, or who have other priorities in their lives. I have seen some really desperately stupid mega-rich people including successful affiliate marketers. Life is more about achieving peace in your own mind than competing with others and keeping score. The majority of rich people you will come across in your life, you would never know they were wealthy. 4. LOVE: Don't try to buy a boyfriend/girlfriend/wife/husband. Not all people who marry you "for your money" are terrible people - some just have an ingrained expectation of what their life should look like and they look for like-minded people. Unless you share that ingrained expectation, its better to find someone from your own economic background. If you plan on getting married to someone far less wealthy who you met after you made it, do talk about pre-nuptial agreements. Talk about it early but not directly. Its terribly painful to be in love with someone and then to bring the subject up at the last moment. 5. WORK: Having nothing to do with yourself because you are wealthy is difficult. It's even more difficult because nobody will feel sorry for you. Something about humans makes them always want to progress - this is particularly true of previously very ambitious people. Lying on a beach for weeks on end with not a care in the world is fantastic at first and quickly becomes boring and frustrating and even depressing. People need to be working on something. Think about what you find most personally rewarding. 6. OTHERS: This is a tough one. Many people will want to know you simply because you made it. Its difficult to know who are friends and who aren't. You might start to get unduly suspicious of less wealthy people that you like simply because you want to give them so much and they don't have the means to "pay you back". You can't buy love or friendship. It's why staying low-key and not splashing money around is generally better for relationships in the end. Giving is very rewarding but give without expectation. It hurts but a little light will start to shine within you that other people will see even if you dont. (That sounds all a bit cheesy and "spiritually enlightened" and all that crap, and if you told these words to be 8 years ago, I would laugh cynically at you. Nevertheless, I know it now to be true) I genuinely hope these tips help some of you out there. Peter
Pete, thanks for sharing. It really helps when someone who's "been there" impart their knowledge and experience to those that are beginning in their journey. Will look out for more of your posts in coming days. Keep it up! Cheers!
Funny you should ask that. As a matter of fact, I have a two-for-one deal going on Romanian blondes. If you email me in the next 30 minutes ... Actually Im still married to the girl I met when I was poor. But there was a hugely difficult time at one stage where I was making all the mistakes (if you get my drift). On the subject of "buying" a girlfriend, I once partnered with a guy in Eastern Europe who answered an ad of mine for a designer. We went 50/50 and for about a year we made a fortune. He spent almost all of his money on a magazine model girlfriend, Google changed its algorithm, and the money dried up. The model left him and he was devastated. I dont blame the model - she had an expectation of a lifestyle for herself. He just needed to be more realistic about his future.
Ya,till now i didn't saved any money for the future and when ever the money comes for me,i use to spend all the money with out saving! so i like to follow your suggestion about saving money for the future! Keep sharing such a good tips with us!