A good bit of advice for all entrepreneurs…

Steve Pavlina’s website is on my ‘Stuff To Read’ list so I started perusing it some more. I ran across a great article everyone should look at. Read it yourself and post some comments here – I did!

By the way, Steve was kind enough to write the article so you should probably post some comments at his site.

10 Stupid Mistakes Made by the Newly Self-Employed

April 10th, 2006 by Steve Pavlina          Email this article to a friend

Having been a non-employee for about 14 years now, I’ve made my share of stupid business mistakes.  I’ve also coached a number of people to start their own businesses, and I’ve seen many of them make similar mistakes.  This advice is geared towards small business owners, particularly people who are just starting (or about to start) their own business.

You can read the article at its source here and come back or go on and read it with my comments interrupting it.

Where am I going to invest $10,000? – Part 1

Come October 10th, I’ll have a grand total of $10,000 in cash and savings that I can invest. I have to decide what to do with that money. Since I’m in a pretty  unstable job (especially considering my wanting to leave this hole every day), I need to make sure I have money set aside to cover my bills while I look for another job when I’m home. I have about three weeks to figure it out before I reach that point.

If EVERYTHING goes south, I have about $34,000 in credit cards that I keep a zero balance on that I could live on but it would have to be a pretty big emergency to do that. I’ll keep that in mind though as I figure out what I’m going to do. I’ll have more money coming in that I can use after the 10th too. I don’t like using credit cards for anything except emergencies and to help my credit rating.

I’m not going to make a decision by the time I finish this post but it’ll get me started.

 

So, if I decide I’m going to invest $10,000 what should I put the money into?…