This is the last article of a 3 part series on Affiliate Millionaire Habits, written by our guest author Femi Lawani. This article discusses money habits.

Enjoy!

TnT Dynamic Duo

Top Affiliate Millionaire Habits (Part 3)

By Femi Lawani

Internet marketing is a wonderful way to make money. You can make money in your sleep. However, if you have poor money habits, it won’t matter how much you make. Spending is habit. If for instance you make $100, you spend the whole $100 then when you eventually make $10,000 from affiliate marketing, you can guess what you going to do. You guessed it, You would spend the whole $10,000. This is a problem because as you are “making” the money, you are immediately getting rid of the money by spending it. If you spend it all, It would be like you never had any money at all. You also lose the opportunity to grow the money you have earned.

We all have been given the same resources. How we use those resources would determine the results in our lives. Those resources are time, money and energy. Of all these three, time is most important because once it goes, it is never coming back. You can always make more money, you can always get more energy but once your time is up you don’t get any more.

Unless you are born into wealth, you have to work to earn a living. When the work is over, how you use your free time would determine how much wealth you create.The rich,the poor and middle class treat their time very differently based on their priority. If you spend your free time foolishly, you have nothing to show for all your years. The poor don’t think like this. Their priority is immediate pleasure. They would do things if it feels good. They come back from work, Poor people spend almost ALL their free time watching TV, movies, playing games, partying and having fun. Making money is not important to them. Having fun is. Middle class priority is comfort. They are a little wiser with their time but there desire for comfort. If they strive for their dreams they stop the moment it begins to get tougher. They just want to go back to the way things are. The rich are the exact opposite of the poor. They are masters in delaying gratification. Although they enjoy having fun and all other small pleasures, they are willing to suspend that so that they can achieve financial freedom. Making money is their priority and they spend most of their free time to make more money. The rich, middle class and the poor carry their mentality into their spending habits. When it comes to money habits:

Poor people: (Make some, Spend all): As soon as poor people get money, they spend it. They often run out of money before their next pay check arrives. They spend it on the latest phone, gadget or the nicest clothes. The money vanishes almost as quick as it came in.

Middle Class people: (Make more, spend some, save some). Although they make more money, they spend their money on liabilities. They do not employ the money they save and hardly ever grow their saving to a substantial amount. They spend their money on car payment, mortgage payments and other monthly payments.

Rich people: (Make more, Invest more, Hold more, Spend some). They make the most of their money by investing wisely. They buy assets or create assets.They are also master at holding or keeping a fraction of their money

Here is another secret of affiliate millionaires. They are resourceful. Rich people find a way around challenges around their way to success.They make the most use of what is available to them. They get other people involved in their project (Other People Energy). If they don’t have any great ideas or money, they work with other people do (Use other Peoples idea) If they don’t have any have any funds, they borrow from people that do. (Other People Money). Nothing gets in our way. Rich people are creative and always think of new ways to get to their destination when faced with an obstacle. They are also resourceful with money, they make it multiply and because of they are entrusted with other peoples money.

What to do now

The way to get rich is to turn active income to passive residual income.

Active income –>Saving—->Capital —->Investment—> Profit—-> Enterprise—->Wealth

Affiliating with program with monthly continuity programs that create passive income once the first sale is made. Another way to build passive income is to create a product and thousand of affiliate marketers send you customers and build your list. Re-Invest the income from affiliates sales to build other products multiplies the money invested and makes more passive income.