Scared Money Don’t Make No Money

January 11, 2012 in MAGAZINE, Network Marketing Tips

Now when I talked about scared money, I don’t mean the money you have in your pocket when you’re a college student that needs to last for the entire semester.  Now that’s the money you should be scared to spend.  I still remember in college when I asked a really hot girl to hang out with me.  Because I didn’t have a car, I also asked my brother to come out and hang with us as well.  He was broke too, but he had our dad’s truck.  So he agreed under one condition, I was to give him gas money.  I said, sure thing.  I had about $35 in my pocket.

So he came to my dorm to pick me and my new hot lady friend up to head out to the bar.  Now, I had to pay for me and my lady friend to get in.  That’s $10 gone.  I bought two beers at 7 bucks a piece.  That’s $14 for a grand total of 24 bucks.  The night went on and she wanted another beer.  Okay.  It’s getting kind of tight now.  If she gets another beer, that means I have to get another one too “Only for impressing her purposes”.

Now, how am I going to make this work?  Not to mention, I have to give my brother gas money.  That was just one example.  But you get my point.  But that’s not what I’m talking about here.  I’m talking about you as an entrepreneur or a want to be entrepreneur, scared to invest in your business or your business idea.

Example one:

Say you spent 4K in a marketing campaign that generates you 10K in sales for that month.  That’s a pretty good month, right?  Of course it is.  So next month, what most business owners will say, I want to make another 10K this month, but I want to keep more of the profit.  So instead of investing 4,000, you invest 3,200 to make that extra $800 in your pocket.  Now that’s what I call scared money don’t make no money.  If you spend 4K to make 10K, why take that 10K and use 8K of that the following month on marketing to hopefully generate 20K.  Then take that 20K and take 12K out of it to generate another 30K the following month.  Look, business is like a contact sport that’s extremely competitive, but without the physical bruises, broken bones and concussions.  But it will break your bank account if you play scared.

Example two:

People that are scared to use their bar money to invest in themselves and complain about their circumstances.  I’ve hung out with folks who will spend tons of money in the clubs and bars and not take that same money to position and establish the business they always wanted to start.  Now that’s what I call scare money don’t make no money.  Okay — maybe not scare money.  Maybe I should start calling it stupid money.  I’m feeling a little vocal today, so I’m calling today – “Call it’s how you see it day.”

That’s all I have for you today. Now fellas, I know I’m not the only one that has those stories from college. I want to hear yours, so leave me your comments. Plus, I want to hear your thoughts on this whole scared money don’t make no money phenomenon. Now, let’s make sure we share the post, so once you read it, I want you to share it on Facebook and Twitter. Deal?

Alright, this is Eric and I’ll talk to ya’ll soon.

Peace out.