26 Jun Saving the surplus: Tips and tricks
Posted
in Industry Knowledge
In the world of creation, streaming and commission, the lingering turbulence of pending payday is something that can really hang over your head. The constant questioning if you will meet your goal is something that can weigh very heavily on you, even if you clear goals consistently. That “What if?” variable is enough to make anyone uneasy. Fear not! With proper planning, you can lift the weight off your shoulders and give yourself the gift of confidence! The ability to make a lot of money in a small amount of time is a very real thing in this industry, and bad habits can come if you do not hold yourself accountable. It is very exciting the first time you get that goal-clearing tip early on in the show, the first time you receive a “just because” massive contribution or otherwise. The urge to ignore the “responsible” thing to do can overcome you very easily. This isn’t to say you shouldn’t treat yourself for all the hard work you do (you deserve it!) but putting your responsibilities first every time will allow you to do the things you need to do and also responsibly spend on splurge-worthy things! Developing good habits with your earnings will ensure you stay stable in this absolute rollercoaster of an industry through good times and bad!
One of the things that can help propel you along is to set goals! Keeping your motivation up even when you have a slow day on cam will exponentially help you stay positive. There will be days that you come in under your goal, and there will be days when you exceed your goal. It is important to remember that even if you exceed your goal one day, shoot for your regular goal the following day just the same. It will help offset those slow days and take some of the pressure off. Never rely on one epic show to carry you through the entire month because this can very easily result in an expectation complex. What I mean by this is if you have a few good shows in a row, maybe you decide to skip or slack on the next show, expecting it to exceed the daily goal again. Perhaps it is a slow day, but the goal is not clear. This will happen occasionally; however, keep trying to clear your goals every day and meet your needs. More often than not, clearing or exceeding your goals will help even out the slow days, and overtime should create a surplus!
"DEVELOPING GOOD HABITS WITH YOUR EARNINGS WILL ENSURE YOU STAY STABLE IN THIS ABSOLUTE ROLLERCOASTER OF AN INDUSTRY THROUGH GOOD TIMES AND BAD!"
When you have a surplus at the end of the month, it is very easy to decide to splurge or even slack a little bit on your goal clearing. These are not habits you want to develop. This trend can suck you into the black hole that is an assumption. Assuming your goals will be exceeded throughout the month, every month will only help you develop lazy habits, and you will be even more upset when you have a slow day on cam. Furthermore, this results in you being angry with your members, even though you should never expect anyone to help you clear your goal just because they are in the room with you. They are tipping you with money they do not need to be spending; this is a choice they are making. Keep that in mind! The downfall when you don’t plan for slow days will result in a change of pace for your cam room if you continue on a path riddled with negativity and entitlement. Over time, the attitude change that comes with this is more than enough to drive your existing members away and deter potential new members. The last thing you want to do is turn this once fun and exciting pastime into a seemingly impossible chore. Staying positive through the slow times will be very helpful in many aspects, especially during the slower times of the month. Always be aware of your behavior towards your members when it comes to money, and always remember that the amount of money you make directly results from the amount of work you put in. Keep your goals focused; try to clear them every single time.
Learning to save your surplus for those months when you might not clear all your goals instead of skipping out on a day’s work will benefit you greatly both on cam and off. This helps you develop healthy money habits and responsibility. Furthermore, planning your monthly goals around your bills and overshooting will help you develop that “go-getter” mindset. All of this being said, sticking to your goals and putting in the work even if you already have a surplus for the month will result in you being more stable financially over time, increase your surplus when you continue to have goals exceeding days and overall give you a much better experience. Remember to include all your expenses in your goal setting and modify it accordingly. It is very obvious to say that the more money you make with this, the better you will feel. Still, it goes beyond that at managing it properly to offset those times when you cannot clear your goals. Always think for today AND the future, always keep your head up, put the work in and always remember that nothing in this world is certain. Being prepared with a financial plan will take an immense amount of stress off of you, especially in this world where the fluctuation of funds can be so scattered and unpredictable. Shoot for the stars and set yourself up for success!
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In the world of creation, streaming and commission, the lingering turbulence of pending payday is something that can really hang over your head. The constant questioning if you will meet your goal is something that can weigh very heavily on you, even if you clear goals consistently. That “What if?” variable is enough to make anyone uneasy. Fear not! With proper planning, you can lift the weight off your shoulders and give yourself the gift of confidence! The ability to make a lot of money in a small amount of time is a very real thing in this industry, and bad habits can come if you do not hold yourself accountable. It is very exciting the first time you get that goal-clearing tip early on in the show, the first time you receive a “just because” massive contribution or otherwise. The urge to ignore the “responsible” thing to do can overcome you very easily. This isn’t to say you shouldn’t treat yourself for all the hard work you do (you deserve it!) but putting your responsibilities first every time will allow you to do the things you need to do and also responsibly spend on splurge-worthy things! Developing good habits with your earnings will ensure you stay stable in this absolute rollercoaster of an industry through good times and bad!
One of the things that can help propel you along is to set goals! Keeping your motivation up even when you have a slow day on cam will exponentially help you stay positive. There will be days that you come in under your goal, and there will be days when you exceed your goal. It is important to remember that even if you exceed your goal one day, shoot for your regular goal the following day just the same. It will help offset those slow days and take some of the pressure off. Never rely on one epic show to carry you through the entire month because this can very easily result in an expectation complex. What I mean by this is if you have a few good shows in a row, maybe you decide to skip or slack on the next show, expecting it to exceed the daily goal again. Perhaps it is a slow day, but the goal is not clear. This will happen occasionally; however, keep trying to clear your goals every day and meet your needs. More often than not, clearing or exceeding your goals will help even out the slow days, and overtime should create a surplus!
"DEVELOPING GOOD HABITS WITH YOUR EARNINGS WILL ENSURE YOU STAY STABLE IN THIS ABSOLUTE ROLLERCOASTER OF AN INDUSTRY THROUGH GOOD TIMES AND BAD!"
When you have a surplus at the end of the month, it is very easy to decide to splurge or even slack a little bit on your goal clearing. These are not habits you want to develop. This trend can suck you into the black hole that is an assumption. Assuming your goals will be exceeded throughout the month, every month will only help you develop lazy habits, and you will be even more upset when you have a slow day on cam. Furthermore, this results in you being angry with your members, even though you should never expect anyone to help you clear your goal just because they are in the room with you. They are tipping you with money they do not need to be spending; this is a choice they are making. Keep that in mind! The downfall when you don’t plan for slow days will result in a change of pace for your cam room if you continue on a path riddled with negativity and entitlement. Over time, the attitude change that comes with this is more than enough to drive your existing members away and deter potential new members. The last thing you want to do is turn this once fun and exciting pastime into a seemingly impossible chore. Staying positive through the slow times will be very helpful in many aspects, especially during the slower times of the month. Always be aware of your behavior towards your members when it comes to money, and always remember that the amount of money you make directly results from the amount of work you put in. Keep your goals focused; try to clear them every single time.
Learning to save your surplus for those months when you might not clear all your goals instead of skipping out on a day’s work will benefit you greatly both on cam and off. This helps you develop healthy money habits and responsibility. Furthermore, planning your monthly goals around your bills and overshooting will help you develop that “go-getter” mindset. All of this being said, sticking to your goals and putting in the work even if you already have a surplus for the month will result in you being more stable financially over time, increase your surplus when you continue to have goals exceeding days and overall give you a much better experience. Remember to include all your expenses in your goal setting and modify it accordingly. It is very obvious to say that the more money you make with this, the better you will feel. Still, it goes beyond that at managing it properly to offset those times when you cannot clear your goals. Always think for today AND the future, always keep your head up, put the work in and always remember that nothing in this world is certain. Being prepared with a financial plan will take an immense amount of stress off of you, especially in this world where the fluctuation of funds can be so scattered and unpredictable. Shoot for the stars and set yourself up for success!
