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I’ve been busy doing my taxes these past few days, working on client projects and trying to complete my April challenge, and I’m getting a bit worn out. Tax season is really stressful for me because I typically put off filing my taxes to the last minute. Filing forces me to take a cold hard look at how much money I made last year and it isn’t pretty at all.

If I think about all the hours I slaved in front of the computer and how much I made after expenses, it is pretty sad. I don’t plan on giving up, however. Instead, this just encourages me to keep going and to make better decisions in the near future. Here are 6 things I plan to do better next year:

  1. Watch those expenses. This includes PLR material, domain hosting, web designers, and other contractors as well. In fact, I really need to learn how to create my own websites, as that would save me a ton of money.
  2. Keep better records. My recordkeeping definitely needs to be improved. Sharing this information with you guys forces me to be better at this.
  3. Work more productively. I must limit my working hours to five hours a day. This way, I’ll really have to be productive and won’t have any time for b.s.ing on the ’net. Instead, I can become a writing machine that gets it done quickly and efficiently.
  4. Concentrate more on IM efforts. Last year I had a balance of IM efforts and freelancing. This coming year, I want to complete more IM projects and fewer ghostwriting projects. Then, I won’t have to worry about nonpaying clients or paying additional funds to third-party sites like Elance. Plus,I can also benefit from residual income.
  5. Take quarterly reviews. Every month, I need to make quarterly reviews of my finances to see how I’m doing month to month. This will keep me focused and keep me on task to achieving my financial goals.
  6. Make more money. If I made more money, tax time would be more exciting and fun. I could then bask in the glory of my financial success and prove to the IRS that I am actually not a poor business owner!

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