I was reading this article and I couldn’t help but agree that in order to stay in business, you have to be financially healthy. It’s not a receive-spend mentality that will make you succeed. It’s more like the receive-roll-into-business-save mentality that will keep you in business for a long time.

I remember a friend who started a small convenience store. He had lots of capital in the beginning and he bought all the merchandise and stocked the store up to the ceiling. It was a great investment and since the store is located on a busy street, a lot of street traffic will help propel his business to great heights. However, although sales were great in the first few months - he was taking in the money and spending it because sales were great. He didn’t even think of setting the capital aside that will be needed to re-stock his store. He just spent it without any vision for the future.

The store closed within a year. Lesson? read on…

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You may say that you are not making enough money out of blogging just yet and there aren’t enough to save and invest. We would say, you’re absolutely wrong. No matter how large or how little your blogging income is, there are creative ways of saving for investments. Remember, you are building a nest egg here.

Tips on how to invest for cheap.

Automatic Withdrawal

The money that you don’t see, you don’t spend. If you can be disciplined enough to have your blogging income be deposited directly to a bank account that you will not touch, you will be surprised how much you can save. Just think of the money as something that you never earned. Every time you make that transfer - send it on to the “secret” bank account.

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Popularity: 18% [?]