23 Oct 11 9:04 pm
Learning From My Failures, How About You?
I was thinking about this post in another forum I read recently. This guy had spent $8,000 to learn how to make money online and ended up with nothing to show for it. He was $8,000 in debt. Unfortunately, like many of us, he used his credit cards to try and get ahead.
I have been humiliated in the past falling for a few coaching scams.The first time I found this site offering to teach you how to become a successful eBay seller. The cost for personal coaching was $2,000. There was a money back guarantee so I went for it.
After a week or so my coach had figured out that I really knew a lot more about the Internet than he did and asked me if I wanted to partner with him on a project. I thought, ARG!!! If this guy thinks "I" know more than he does, what the heck am I paying him for?
Yes, I knew a lot about the Internet but I did not have the understanding of how to put it all together. Anyway, I did get my money back in this case. But I was pretty frustrated and I was lucky that that money went right back on the credit card I used to pay for it.
The next time I fell for another coaching scam that promised to give me several products to sell and then show me how to properly set up my website in order to create sales. After just one hour of coaching I realized it was all about on-page SEO and how to use Google to drive traffic to your website.
Again, this was not what I needed to learn. At that time I knew exactly how to do both of these things. Sadly, I did not read the contract closely enough and they had a way out of their promise of a money back guarantee. That cost me $2500 on my credit card.
But... here's what I failed to realize back then. I could have called my credit card company and reported their scam. I have recently talked to a few people about this and they felt I could have gotten my money back if I had not been so embarrased to call up my credit card company and explain what happened.
So, the lesson learned there is that if you do use your credit card and you get scammed, report it right away. You just might qualify to get your money back.
Fast forward to today. The past 3 years my husband and I have worked on getting out of credit card debt. We did have to negotiate with our creditors to do so, but we did get it done. During those 3 years we did not use our credit cards unless we could pay them off at the end of the month. It is hard, I have to say. There are a lot of things we wanted to buy that we had to pass on, but with some effort, we did avoid getting back into debt.
Our only debt now is our car and our recent home purchase. Honestly, my husband and I are still sort of in shock that we own our own home now.
The only reason why we have zero credit card debt is because we have learned from our mistakes and continue to avoid using our credit cards unless we already have the money to pay them off at the end of the month.
My mistake was thinking that it was OK to buy the HOW TO Make money online guides with my credit cards. Why? Because there is NO guarantee that I would be able to use that information to make money online and pay that money back.
I have learned that it is better to set aside money to pay for the things I want to learn online or tools I want to use. That way I am only spending what I can afford to lose.
The second thing I have learned that is one of my greatest failures is this...
Stick to ONE thing. Sigh... believe me, I still have issues with this but this year I've done better. I have ONE business I'm working on online, my Netwoozy.com website. And I have one business I'm working on offline with a partner. She's pretty much doing all the work, I'm just helping her out.
I have a really hard time with this guys. My mind is highly creative and I enjoy learning new things. But... if I am tempted to BUY something online, I use the money I have earned to do so. I don't use my credit card.
There really is a lot of information within this forum and other forums online that will help you find your way to making "something" a little cash to get you started anyway, without having to buy the tools to do it first.
Mark talked about iWriter.com. This is a good place to get cash that you can use to invest in perhaps Marks AB program. Or, you can invest in learning how to make money blogging or maybe learn how to make money with Fiverr.com or some other freelancer type of work online.
What about you? What have you learned from one of your failures that could help us not make the same mistake?
Need help? Looking for answers? I've coached 70+ students to 5 and 6 figure success. Private message me on FB for details on a one on one session for help knowing where to start your success or end your failure. https://www.facebook.com/netwoozy.gal