I Am Running Out Of Money. Options

[doogie88]

I am 27.
I am running out of money.

When I was late teens, early 20s, I took advantage of the internet, in what I would say was a goldmine error. There were more people looking to spend their money, then taking people's money.
For a while I worked my ass off. Then things got lazy, bad break up, some depression, etc. I was making well into 6 figures. Due to my site being created for content and organic rankings(?), I could leave my site for a month, two months, and it wouldn't miss a beat. Actually did nothing it for over six months one time, and I was lucky, the money and customers kept coming in.

I'm frustrated, I didn't take advantage of that era. I was happy with the money I was making. I guess I wasn't, or am not, driven to make as much as possible. You read about people working around the clock, no time for anything else, just so they can 'succeed', but in most cases, they are just making ends meet, or just doing 'okay'.

I had some money saved up, and started a local business. I didn't enjoy the business, didn't really have drive. More importantly, I was neglecting my online income even more. I simply couldn't balance both. I would be spending time trying to save the business that is losing money, neglecting the sure thing that is making me money. I lost pretty much eveything I had saved, and then some. I kept dumping in from one business to the other, now I am broker than I've ever been, but not that bad off. I have no trouble sleeping, I just take my mind off it and thinkg of something else, like nothing is wrong.

I have no care in the world. I don't know if this transpired from my breakup when I was in my teens, but I'm very care free. Maybe it has to do with me having all the money I needed from a young age, so I never had to worry about anyting. I get depressed sometimes, I get in slumps, which is how I ended up leaving the sites in the past. I will get out of the slumps and go crazy with new things, only to take a day off, and fall into another slump. I didn't pay my taxes for like 2 years, depression? Procrastination? I don't know. Now I am once again behind on my taxes for last year, which is gonna screw me even more. It's like I need to be babysat, and told what I need to do. Like I need the gov't to tell me my taxes need be filed by the end of the month or I'm screwed. I will go days killing time onine just so I don't have to work, brows the same forums every 5 minutes for new posts, or playing stupid games.

I don't spend a lot of money, but all my life I've been used to having whatever I wanted, because I've always had money. And now it's hard to not get whatever I want because of money.

I have some anthony robbins tapes which seem pretty good, so far, so I'm going to try and stick with it for a month.

Even though not a lot of money is coming in, I have a lot of differnt things going on. Maybe that's one of my problems too, I don't know where to start, and I'm always getting new ideas.

I know I can do whatever I want, I've always got what I wanted, which I think seperates people that can do, and will do.

I'm 27, with my business failing, I just feel like I've aged, and wasted my youth. I look at pictures from a few years ago before the business, and I feel I've aged about 10 years. It's very depressing. I'm a perfectionist, I work out, and like to be perfect, so my looks matter to me. I don't think I need meds, I think I just need to get out of the rut and I'll be fine, and just not fall back into the rut.

Why am I posting? I don't know. Who knows if anyone will even read it. I just need to get this out I guess. Maybe it will serve as a reminder for me.

I am going to make $500,000 in the next year.

[Jill]

Have you thought of seeing a therapist?

[Randy]

Personally I think it's an issue more of being Young than anything else. Well, that and not having a good plan, which usually comes down to not having enough experience to know you have to have a solid plan.

I freely admit to making and more importantly spending way too much money on things that made no sense at all with the clarity of hindsight when I was in my 20's. It wasn't until I in my late 20's, when I had a child that was going to depend upon me making good decisions with my money for the next 20-30 years, that I finally settled down enough to think about where I wanted to be and what I wanted to be doing years in the future.

The plan I came up with then is still in action today. Sure it's changed over the years, usually because of some outside event that required a change, but the basic plan is still there and is still on track.

Give some serious thought to your future Doogie. Where do you want to be in 20 years? How much do you want to be making? How much do you want to have in savings for your impending retirement? What kind of house do you want to own and live in? Where do you want to live?

That's the hard part. Once you have all of this information developing the plan to get there is much easier.

[Hyperformance]

Well doogie - It does not sound far off... we all have our issues and problems, sometimes (usually), their timing sucks.

Everyone has their therapy - what's yours? You know, waxing your bike, your garden, the lawn, etc...

What you should have learned in this valuable period that you speak of, is what you have accomplished - and like Randy said, get your "new" plan together.

You see, (IMO) - what you have done and learned is empowering - or it should be... you don't need a babysitter or a drug, or anyone else's money - You are absolutely capable of duplicating, if not exceeding, your previous success. Your mindset is extremely important, so get that right first - you already have the talent and skills to make it happen (again) - once you have arrived on what "it" is.

(Been there, done that and more, still medicating sticker)
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Good Luck Doogie,

[lisety]

Doogie, most of us have been there. For me, I find getting it out...like you did with this post, really helps. Maybe talking to a friend would help as well. There's lots of good advice here and ears to listen (IMG:style_emoticons/default/crossfingers.gif)

[maleman]

now I am broker than I've ever been

At first thought, I'd say try to find a job with a paycheck.

This post has been edited by maleman: Jul 12 2008, 09:21 PM

[DianeV]

Doogie, that's quite a story.

Is it possible that, early on, you made your goals ... and then didn't set other or higher goals?

I get it about the breakup; that can be a bummer. Understood.

Is it possible that it's time to consider what you want to be and do now?

[doogie88]

Thanks for the replies.

DianeV: Yes, I think that is one of the problems, I did not set goals. I think the thing is, when I started making money online, it was the the plan. The plan was to offer information in an area I could not find information. I was doing it for fun. Then it turned into a six figure business. So, I guess I was more than happy in getting anything from it, when I should have took it to the next level.

I am getting my plan together, and I think once I start rolling I will be back on track. I just can't let myself fall off the track again. Almost like an alcoholic.

I think it helped just getting it out there. I don't have many close friends, and no one is really familiar with my situation.

[DianeV]

Well, good job, Doogie!

I know what you mean about the goals. It's easy to have drive with something you're interested in, but once you get it done, that goal's achieved. I find that it's important to set new goals, increase the goal, etc.

Glad to hear you're doing well.

[oneofthe3lions]

pmsl. I could have said the same thing for each of the last 15 years, now Im bloody 40!

Wait till you hit these big number ages! infact dont bother man, it gets tougher and briings more pain, go skydiving and forget yer parachute or something, out with a bang instead of a whimper!

[maleman]

go skydiving and forget yer parachute or something, out with a bang instead of a whimper!

(IMG:style_emoticons/default/roflmao.gif) (IMG:style_emoticons/default/banana.gif)

[harpsound]

I am 56 and have been living by my wits in conjunction with my wife for about 10 years.
We have no tangible assets other than 2 old cars and musical instruments/gear for our business.
Our personal life is 90% recycled/thrift store.

BUT we have a little cash so do not use any credit.
We have enough to invest in ourselves and earn it back over time.

If you are broke, work for the "man" for a year and save EVERYTHING you can.
Live on the smell of an oily rag.
Get your head together and venture forth into self-employment in the years following.

Self-employment without financial resources is the pits.
You lose so many opportunities because you are not flush enough to take advantage.

S