 |
|
Down Payment Articles & Advice
|
Browse mortgage loans, check rates, and quickly compare payments.
Get great deals and fast, friendly service
at E-Loan, the #1 online lender.
Pick your best loan deal, then get approved in five minutes!
Click here to
Check Current Rates (opens
in new window) |
A Lesson In Money Management
John Colanzi
It disturbs me when I read about marketers who've lost a
ton of money promoting their ventures.
I've seen messages by marketers who've spent as much as
$9,000 without making a cent. What's even more disturbing
is the fact that many of them have spent that money and
haven't learned a thing.
They've not only spent all their savings, they think the
problem will be solved by spending more money. They're
chasing their losses.
They aren't building a business, they are gambling. The
more they lose, the more they spend.
There's only one question to ask yourself before parting
with your hard earned money.
"Will spending this money make me more money?"
I learned that lesson in the brick and mortar world real
fast. I had just hocked my soul to buy a small business.
Before I even made a profit, I asked a friend about
knocking down a wall.
I still remember our conversation.
"Paul I'm thinking about knocking down that wall."
Paul looked at me and said, "John do you really think it
will make you more money?"
That answer was a wake up call. My decision was based more
on ego, than it was on sound money management.
I'm still thankful I never tore down that wall.
Every dollar you spend, must bring back more than a dollar
in profits.
If you break even, you've lost money. You have a hole in
the bottom of your bucket.
You must save money in your personal life and in your
business venture as well.
The next time you're ready to spend money on a product or
service, ask yourself; "Will this make me more money?"
If the answer isn't a resounding yes, put your credit card
away. Make decisions based on profits, not ego.
Related Pages
Mortgage Companies
- Find mortgage companies online and save on your mortgage - Sources for online
mortgage companies - Save thousands by avoiding paying private mortgage
insurance.
Mortgage
Brokers - Shop these top lenders for comparison quotes.
Selecting
The Right Mortgage - How to choose the right mortgage based on your
lifestyle - Advice on the best mortgages for different phases of life, future
income changes, and risk levels.
Down Payment
Leverage - Avoid PMI with a two-loan strategy. How to grow your equity faster.
Online
Lenders - Tips on evaluating online lenders and their offerings.
Refinance-
Tips on when refinancing is the right decision - How to avoid paying points and
other lender fees.
Home Loan Online
- Discover the best ways to get the lowest rates - Links for checking current rates.
Loan Directory - Complete home loans directory for thousands of loan products, mortgage
companies, brokers, and lenders. Search our loan directory by keyword or by
category for complete listings of all things related to mortgages, home equity
loans, refinance, and more.
In The News
|
|
|
|
