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Spending Money On A Business Venture
Investments Vs. Expenses
I have so many different ideas on how I can create multiple streams of income. So far though, that’s all they have been is ideas.
Today I did something that was hard for me. I spent a big chunk of money on something that will hopefully help me earn money down the road. I don’t like spending money if I don’t have to.
I could have gone the cheap route and bought some cheap supplies at the local box store, but I’m trying to look further down the road rather than spending money on things I will have to replace every year.
Most business ventures require money to start up. Some people will take out loans depending on how large the venture is. I’m starting slow and hoping to build up as the years go by.
I’ve got a five year plan in place, and I’ve made some very small strides in the first year. For example, I’m now selling enough eggs to pay for the chicken feed so right now, we are getting free eggs to feed our family. Our first lemon is growing and two oranges are nearly ready to pick. Hopefully in the next few years they will produce enough to sell some.
I’ve bought the supplies I need in order to work on creating some other items. I’ve got a list of things I’d like to try out and different ways they could make me…