🚫 The #1 Cause of Financial Wipeouts for Online Marketers And how to stop chasing shiny things before they bankrupt you

GeezerWise Money Talk Written by two-finger typer Fred Ferguson

Note to subscribers:
If your inbox is full of “guru” offers and your bank account’s always empty, this post might be the best financial advice you get all week. Shiny object syndrome is real—and it’s bleeding marketers dry. Let’s fix that.

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There’s one bad habit that’s silently wrecking the financial lives of even the smartest online marketers…

It’s not lack of income. It’s not lack of opportunity.
It’s shiny object syndrome—and its evil twin, lifestyle creep.

Left unchecked, this combo will wreck your wallet, your focus, and your business.

Let’s break it down…

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💎 What is Shiny Object Syndrome?

It’s when you jump from one “hot opportunity” to the next, always chasing the next big thing instead of sticking with what you’ve already started.

🛑 Start a blog → get distracted by a dropshipping course
🛑 Buy the dropshipping course → get tempted by an Etsy mastermind
🛑 Haven’t finished one project → already dropped $297 on another

And don’t get me started on the credit card bills.
Too many marketers go into debt chasing systems they never finish.

Here’s the cold truth:
You only make money when you sell something.
Not when you learn. Not when you buy. Not when you dream.
Only when you sell.

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🧩 Half-Finished = Fully Broke

If you’ve got a hard drive full of half-finished courses, half-built funnels, and half-written sales pages—you’re not learning. You’re stalling.

Take a project to completion. Ship it. Promote it. Sell something.
Then, and only then, do you consider leveling up.

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🍷 Lifestyle Creep: The Silent Killer

Now let’s talk about lifestyle creep—when your spending rises right alongside your income.

• Used to use a $67 page builder? Now you’re paying $197/month.

• Used to make coffee at home? Now it’s $6 lattes daily.

• Started eating out “just once a week”? Now it’s four.

You feel richer. But you’re not. You’re just spending more.

Online marketers do this with tools and subscriptions, too.
Everyone else is using the fancy funnel builder, so you think you need it. You don’t.

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💡 Truth Bomb: Banks Don’t Care About Your Upsells

You can make $10K a month, but if your credit card is maxed out on guru courses and $497 “mentorships,” the banks will still treat you like you’re broke.

And if you miss a payment? They’ll make sure you stay broke.

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💵 Fred’s Rule of Thumb:

• Don’t spend more than 20–30% of your income on learning

• Pay in full—don’t buy courses on credit

• Finish what you start

• Don’t “level up” your lifestyle until your savings say it’s time—not your ego

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🎯 Final Word from Fred:

“Simplicity is the ultimate sophistication.” – Leonardo da Vinci

The goal isn’t to collect tactics—it’s to complete something that works.
Stick with one method until you succeed. Build your skills over time.
Save, sell, and simplify.

It’s not sexy—but it sure as hell is profitable.

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📌 This was written by Fred Ferguson (GeezerWise). If it spoke to you, I’d love to hear back—just hit reply.

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—Fred [GeezerWise]