Jubril’s World

I feel I have to share this, so people have a reality of what really going on in the Internet industry so people don’t get burned.

Now $350k a year sounds like great money, and  thats hard to argue for most americans.

I am going to talk about people going from lets say 70 k year to 350k in a year.  Now I am my internet marketing business industry I see this time and time again.

I am going to talk about the why it is so Crucial to make sure you surround yourself with the right people.  Certain Businesses that you see online it harder than others.

Here is example

Guy 1 name him BOB ” Yes this is reailty I see time and time again ”

I will show you his financials 

for the year

1. He goes and buys a new car Lets $50k caddy escalde “payments of course” 4 year loan $1200 a month with gas and insurance $ 2000

2. Goes and buys a new house 800k or Rents it ” 6000 a month” with gas electric lawn care  and taxes

3. First Class airfaire a year 30-40k on low end if traveling internatioally

4. Going out dinner 3 times a week a    $2000 month  “  I am saying low end I seen more dropped on one meal.

5.  Hotel Suites 3-4 time a year   $20,000

6. Clothes and new watches and what not for the year $30,000

7. Charity $8,000

8.  New stuff for house $40,000

9. Misc stuff  20,000 and just random stuff

10 Conferences if you are in certain business $20,000

total Right Around $300,000  got 50 k left,  if got kids pretty much kiss last 50k

next year you back to square one,  since in most businesses income stays around the same

Now example number of a person # 2  “John” 

1.  Buys a real Nice Used car with few miles $ 35,000  2007 BMW 5 series “cash”  Monthly expense insurance gas $600

2.  Maybe move maybe not, $350-400k Home $3500 a month with everything

3.  Flights, and internationally $10,000-15,000 for year

4.  Eats out 2 times a week and doesn’t buy super expensive wine and what not.  $500 month

5. Stays at 4-5 star resorts but doesn’t get a suite $ 5,000 a year

6.  Gets some new clothes for self self and family $10,000 a year

7.  Charity $ 10,000

8.  New stuff for the house $ 15,000

9. misc stuff 10,000

10.  Certain companies have conferences $20,000

total for year on expense $ 160k or so

if got kids subtract extra 30k or so.   

You basically looking at 170-200k to play with or invest.  This person tends to get into investing, and tends to increase their net worth fairly quickly. 

SO BE VERY CAREFULL WHICH PERSON You choose to be.

My Personal Beliefs right here

If you drive a car worth more than $50k  and didn’t pay Cash you DOn’t deserve it.

You should have ratios of income matching up to certain expenses that you have.

Don’t try to keep with Jones, because you don’t the jones income or expenses.

DON”T GET ME WRONG IF GOT THE MONEY SPEND IT,

IF you make 7 Million Dollars a year and spend $ 300k on a Car GO For it.

If passionaite about a car and you make $350k and cut back on rest of your costs and spend $60k on car go for it.

I am Not saying be Scrudge , but WISE tho

 Me in my city