Here goes....deep breath
So I'm going on year ten of selling on Amazon and selling online in general. Last year, I made some mistakes with a supplier and let's just say I spent more than I made. This has caused a rather sizeable credit card bill. Now I'm a one man operation so the sales from Amazon and other eCommerce sources are steady and consistent. Thing is they will never put sizeable dents into the balance. It hasn't gotten worse by any means since the bad decision, but it's a slow moving turtle.
My wife and I are the perfect example of what you call living in relative poverty. We live in an expensive area of the US and made very modest salaries and "on paper" we have a nice financial foundation. However, the liquid aspect creates us to be tight more often than not.
This looming balance keeps me up at night and I know I'm responsible for it however, I cannot think of any ways to attack this than I have been. I rather not take from what we have wrapped up but sometimes my mind crosses that option.
I would really like to get some advice from those financially savvy individuals out there and see what suggestions you may have.
It's the elephant in our house but I'm willing to take it head on.
Thank you for your time and advice.
So I'm going on year ten of selling on Amazon and selling online in general. Last year, I made some mistakes with a supplier and let's just say I spent more than I made. This has caused a rather sizeable credit card bill. Now I'm a one man operation so the sales from Amazon and other eCommerce sources are steady and consistent. Thing is they will never put sizeable dents into the balance. It hasn't gotten worse by any means since the bad decision, but it's a slow moving turtle.
My wife and I are the perfect example of what you call living in relative poverty. We live in an expensive area of the US and made very modest salaries and "on paper" we have a nice financial foundation. However, the liquid aspect creates us to be tight more often than not.
This looming balance keeps me up at night and I know I'm responsible for it however, I cannot think of any ways to attack this than I have been. I rather not take from what we have wrapped up but sometimes my mind crosses that option.
I would really like to get some advice from those financially savvy individuals out there and see what suggestions you may have.
It's the elephant in our house but I'm willing to take it head on.
Thank you for your time and advice.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
