Do you assume your business will succeed?

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o hai guyz

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Jan 15, 2010
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In a nutshell - I'm thinking about buying a Porsche CGT. I'm not gonna pretend like I'm some "super affiliate," I'm not, I'd finance it over 5 years and as of right now I can just barely make the payments if I were willing to dish out about half of my after-tax income. That's a lot of money to drop on a car that I really don't even need and if I were planning to make the same amount of money for the rest of my life, I wouldn't buy it.

But, I'm working on a new project (more an investment than an IM-related thing) that should be done by the end of the summer and I'm realistically expecting to boost my income by at least 5x. I'm actually thinking about buying the car now and using it as a way to motivate myself to work harder to ensure that the investment pans out (we're not talking stocks or anything like that, think of it like a management gig where the harder I push it, the better it SHOULD do). What do you all think? The "safe" thing to do is obviously to wait and see how the investment does and then buy the car in the future, but in my experience most successful affiliates are far from "safe." I think it would be fun to take a risk like this and I also think it would definitely be motivation to work harder (as in if I don't work hard enough, my shit gets repossessed). And I'm basically assuming that my investment idea will be successful, since right now IM is a full time job for me and I don't plan to ever look for a "real job."

What do you all think? Would you do this?
 


Payments are for fools.

You're fucked if your plans go wrong.

But you are right that it is motivation to work your ass off to keep up with payments - it's just not fun motivation.
 
Well I assume my business will succeed but also "don't count my chickens before they hatch" meaning I try not to spend money until It's sitting in my bank account at least on stuff like a car.
 
Throwing out half a million for car seems like a lot even if it is over 5 years given that it is a depreciating asset.

It might be financially smarter to invest the money into assets that have the possibility of appreciating over time.

However, if you already have quite a bit of money stashed in the bank and in other investments, I say go for it.
 
Gotta agree with other posters.

Instead of buying a car and using it as a negative form of motivation,

why not waiting to buy a car in 5 months as a reward for a successful and profitable first few months?
 
o hai guyz said:
In a nutshell - I'm thinking about buying a Porsche CGT. I'm not gonna pretend like I'm some "super affiliate," I'm not, I'd finance it over 5 years and as of right now I can just barely make the payments if I were willing to dish out about half of my after-tax income. That's a lot of money to drop on a car that I really don't even need and if I were planning to make the same amount of money for the rest of my life, I wouldn't buy it.

But, I'm working on a new project (more an investment than an IM-related thing) that should be done by the end of the summer and I'm realistically expecting to boost my income by at least 5x. I'm actually thinking about buying the car now and using it as a way to motivate myself to work harder to ensure that the investment pans out (we're not talking stocks or anything like that, think of it like a management gig where the harder I push it, the better it SHOULD do). What do you all think? The "safe" thing to do is obviously to wait and see how the investment does and then buy the car in the future, but in my experience most successful affiliates are far from "safe." I think it would be fun to take a risk like this and I also think it would definitely be motivation to work harder (as in if I don't work hard enough, my shit gets repossessed). And I'm basically assuming that my investment idea will be successful, since right now IM is a full time job for me and I don't plan to ever look for a "real job."

What do you all think? Would you do this?
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Hey, no risk equals no reward right???

Go for it!

I'd love to see competition driving new and expensive automobiles.

It makes me happy.
 
this type of mindset is a good reason why a lot of small businesses fail.

even if this new 'investment' pans out, you shouldn't go run out and buy car (and you shouldn't even be thinking about buying a car you can barely make payments on). you shouldn't even touch that money besides what you need to get by. all of your money for the first few months should go back into your business and other ventures.
 
slickcooldude said:
this type of mindset is a good reason why a lot of small businesses fail.

even if this new 'investment' pans out, you shouldn't go run out and buy car (and you shouldn't even be thinking about buying a car you can barely make payments on). you shouldn't even touch that money besides what you need to get by. all of your money for the first few months should go back into your business and other ventures.
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Ignore guys like this.

Live your life to the MAX. Be sure to spend big and dream bigger!

What's the worst that can happen right?

If you go broke you'd always know how to make it back.

;)
 
I assume my businesses will succeed. Having said that, I've already done it quite a few times and have the confidence.

But I personally wouldn't go rewarding myself with toys based on what a new business *might* earn. There are ALWAYS more overheads(time/money/bullshit) than you can forsee. So while it may look like it will 5x your income, realistically it might 2x it.

So what most of the others said, use the CGT as motivation to make your business succeed. I love your taste in cars :)
 
slickcooldude said:
this type of mindset is a good reason why a lot of small businesses fail.

even if this new 'investment' pans out, you shouldn't go run out and buy car (and you shouldn't even be thinking about buying a car you can barely make payments on). you shouldn't even touch that money besides what you need to get by. all of your money for the first few years should go back into your business and other ventures.
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I fixed this for you. If you only re-invest for the first few months, you'll still fail. You should be thinking long term in terms of years, not months.

As far as the OP goes. The voice in your head telling you that it's a bad idea, is right. You don't need a forum to tell you what you want to do is wrong. Make the money first, then spend it once you have enough to afford it. A car like that is a luxury.

Also your ideas about motivation are wrong. Money is not really a good motivator.

Here is a good movie that illustrates that:
[ame="http://www.youtube.com/watch?v=u6XAPnuFjJc"]YouTube- Broadcast Yourself.[/ame]
 
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Ignore these guys, if you don't live above your means how will you ever raise your means?

Also, hurry up Skippy, any less competition is better competition.
 
This is why I don't like a lot of the motivational gurus out there.

...Because they try and give off the impression that if you take big risks - that aren't necessarily beneficial and more materialistic - you'll automatically be more successful.

We all want a story like Sylvester Stallone's but the reality is for every one like his there are a thousand people who went broke, spiraled into depression, or committed suicide.

Think about everyone who buys a guru product, or a bizopp, they all don't have much money usually and think "this is it... time to shine" and then they fall flat on their face. With less money than before. I know and am sure you have it planned out - I'm sure your project will go amazingly well - but there will always be variables and even more so online.

If there's a Porsche dealer near your home get up in the morning a few minutes earlier and go look at it in the window - or if there isn't one get a great looking poster like a previous guy suggested.

I find the best motivation is working toward your goal. By getting it before you "deserve it" you'll find yourself riding around all day, worried about money, and getting overwhelmed.

There's a fine line between getting overwhelmed and bogged down by work and being motivated and productive.

Take the money you have now, cut your expenses, and start spending more time and money working on whatever endeavors currently make you money and expanding them while still focusing as much time as you were going to on your "main" project.

...If you become unproductive all of a sudden go to the Porsche dealer or go look at videos on YouTube.

Set a goal for yourself, say two months after your thing is done, which would be say the end of October (assuming your project is done end of August) and say you'll buy a new Porsche then.

(Although I'd go with a used one personally...)

When you get there you won't regret, even for a minute, not buying the Porsche before because chances are you'll be making what you previously did in a month every few days.

I know what everyone is saying isn't what you wanted to probably hear - but it's the truth, bro.

P.S - It's important to note that every project I've ever done online always goes over an extra 50-100% what I budgeted for. How would you feel if your project was almost done, but you couldn't make it perfect by hiring that right designer/coder/copywriter?

Or if you just ran out of cash period.
 
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I never assume my business will be successful. Keeping the wolf from the door is the fear that keeps me up at night and what keeps me working all the day.
 
o hai guyz said:
What do you all think? The "safe" thing to do is obviously to wait and see how the investment does and then buy the car in the future
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It's the "smart" thing to do. You never know what road blocks you're going to run into and how much capital it's going to take to overcome them.
 
bizkiller said:
mang.

just go crazy and get the car now.

it will kick your ass 24/7 to work on your biz.
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Agreed, spend that money and enjoy the summer.

Work your ass off during the day, hunt for fresh tail at night.

And when you go broke I'll be sure to swoop up any remaining dollars left behind.
 
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