Black Money Business Jobs : The Importance of Saving $85 a Month

Discussion in 'Black Money Business Jobs' started by blackisbeautiful, Dec 11, 2011.

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  1. blackisbeautiful Active Member

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    One of the biggest excuses people have when it comes to starting businesses is that they lack the funds for advertising. And even if they have the funds, they might be in so much debt from their personal expenses that are too afraid to take that next step.

    So, why not get in the habit of saving $85 a month? In a year, you would have $1,020, which is a substantial amount of money.

    What could you do with $1,020? If you have debt, you can pay it down. If you lose your job, you would have a month of rent available. If you are open to online businesses, you have $1,020 worth of advertising. The list goes on.

    True, $1,020 may sound small, but in the whole scheme of things it can get you to a higher level of freedom. It just depends on your perspective.
    blackisbeautiful, Dec 11, 2011
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  2. Shikamaru Well-Known Member

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    I would keep my short term savings liquid (in dollars).

    Long term savings should be stored as precious metals (platinum, gold, silver, copper).
    Shikamaru, Dec 11, 2011
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  3. Shikamaru Well-Known Member

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    I guess I'm more fanatical than most, but I'd recommend saving 50% of your paycheck and live on the half.

    You'll have tons of money saved to buy stuff outright with cash or whatever.
    Shikamaru, Dec 11, 2011
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  4. pamelab New Member

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    Shikamaru, sounds like you live below your means. I think that is a good and wise way to be. I adher to the idea of paying cash for things.
    pamelab, Dec 22, 2011
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  5. Ankhur Well-Known Member

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    Now that is Strength!
    Ankhur, Dec 22, 2011
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