I can remember my first $1000 day. I was so excited I went out and bought a PS3 (which have a huge importation tax slapped on them here bumping the price up a couple hundred dollars more than they would be in America)! I ran that campaign for a few more day, racking up a few more $1000 in my network account. Then my affiliate manager emails me telling me I wasn’t going to get paid for my leads because I promoted them against the terms of the offer (my fault). So now I was down the $1000 or so I spent on traffic, plus the cost of my new toys.

It was a bad decision, and even to this day, I keep making poor choices with my money. I have a feeling if I managed my money and time better I would be 100x the marketer I am now (in experience, knowledge and monies). I think money management is half the battle of making money in this industry. You are making more money than you thought you ever could in a matter of hours, and you want so much to buy that new gadget, car, or house you’ve wanted forever. I can tell you though, that someday you will be able to buy 100 of those if you save it and reinvest it now.

Money is the name of our game, and we all love it. We especially love to spend it when we have it. I get that craving far too often, but I’ve made it a goal to now save and reinvest at least 80% of my profits everyday back in to my business and other assets. While I could buy that new computer I wanted with yesterdays profits, I now might have to wait 10 – 20 days to save up my 20% (most of this goes to daily necessities (rent, food, transportation)) I also try to keep at least keep 10% of it all in my bank account so even if everything else fails, I’ve got some cushion.

The 80% I profit from goes towards a lot of different things. Much of it goes towards research and data/creative creation for marketing. I’ve got an employees payday to worry about, and freelance payments for web scripts and copy/content.

Another chunk of that goes towards different assets. Domain names – I can write them off as a business expense on taxes AND they generate nearly automatic income (type in traffic to domain parkers or set up a mini-site and throw up Adsense). After enough time, you can sell them off for more than you paid or develop them further if you know what you’re doing.

Stocks, bonds and options are other things I’m looking in to. I’m not prepared enough to actually dive in headfirst yet, but being young means I can take more risk with my money and more risk on my choices. More risk can equal more monies if I’m lucky, though. We’ll see how it’ll go here.

There are other thinks I can look in to once I develop the cash flow. Real estate in Thailand is booming. Foreign exchange and physical businesses are also things I’d like to get my hands dirty with. I think of it like I still get to spend a large chunk of change, it just isn’t that new Nissan I was going to buy. But in 2-3 years, I could change that Nissan into a Ferrari or 2.

Save it and invest it. Stop spending money on things you want now to build your business empire further!