Sunday, April 28, 2013

May Goals


Here is my  May update for 2013 goals.

1.       Graduate! No progress this month because I’m on a break to save up the tuition money.

2.       Get out of debt. Down 2K! I’m very excited about this. If we keep going at this rate I will be debt free before I’m 30 except for the house. But still no more student loans at 30 will be awesome!

3.       Saving for a house. No progress this month. However, we did get an emergency fund together which is great! We also decided to sign a year lease on our apartment so this goal is on the backburner until next year but I would like to have a sizeable down payment available by the end of the year.

4.       Finish my first novel. 32K. No progress here. I will be starting a new job which will pay better and will be less hours so I’m hoping that with my increase in free time I will be able to concentrate more and finish by the end of the year. 

Tuesday, April 16, 2013

What's the point of all this?


                So I’ve been thinking a lot about income and the power it can bring. If you have  “financial freedom” which I would define as passive income to meet your monthly expenditures then you don’t have to work. Realistically however, I don’t and neither do anybody I know expect perhaps those who are getting close to retirement. But there are strong moves you can make to bring this future towards you at an accelerated rate.
                I’vebeen reading a lot about this on various personal finance blogs and it has been a goal of mine for a while. You can see that two of my main goals for the year are directly tied to that.
                Debt reduction is key because with debt comes monthly payments that add to your monthly  bills. Home Ownership can be argued for and against but I hope to be able to get a small house and pay it off as quickly as possible (no I don’t think mortgage debt is any different than any other debt except it gets a few perks and whistles just like student loans), a mortgage does take a long time, but rent never ends. (Yes a home
                But back to income. A lot of the blogs I read seem to assume that people are spending too much. This can be true but often the real issue in this economy is earnings. I know a lot of people out of work, or working only part time and just unable to find anything.
                 I’m working two jobs and while I’m greatful for the work it’s a lot harder than it sounds. So if you’re thinking about this, there are some things to consider. It’s not just a matter of extending your work day.
                First of all you have to make sure your companies allow it (I’m fortunate, mine allow it as long as they don’t compete with each other directly. Check your employee handbook. It might be called “moonlighting”.
                Second you have to make sure you have a plan for this because it’s not terribly sustainable. I’ve been doing this for over a year and have almost always had multiple jobs but you wear out and then need to take a breather.  There are only so many hours in a day and handling the demands of multiple bosses gets complicated fast.
                Third, consider non-traditional sources of income as well. Often they can pay better per hour or build towards substantial earnings later (such as starting your own business). For examples, as mentioned before, on top of my work I sell AVON. It cost me $10 to get started and I doubled my investment the first day. It’s hard work but I get dividends. For example, a client called me the other day that I hadn’t reached out to in quite a while and gave me an order! It’s not quite passive income but it’s close. I also do a lot of surveys, try to sell things on Amazon whenever I can, and I hope to start freelancing soon. Ideally, I’d like these sources of side income to take over the need for a structured second job.
                If you’re working two jobs or have a lot of side hustles because you have to, then start a plan now to make that change make a big impact in your finances.  Make sure you’re allocating at least some of that money to debt, savings or investments! Otherwise you’re just spinning your wheels for no reason. 

Tuesday, April 2, 2013

April update

Here is my April update for 2013 goals.

1. Graduate! So 1 class down and I got my A!

2. Get out of debt. Less than 1K down this month so I need to focus more and bring more costs down or increase my income.

3. Saving for a house. No progress on this goal mainly because I’m focusing my financial resources on goal #2.

4. Finish my first novel. I now have 32K words in my novel and I didn’t make much progress this month which is frustrating but the focus has been school.

Sunday, March 3, 2013

March Goals Update

March Goals Here is my March update for 2013 goals. 1. Graduate! So I’m finishing up week 8 of my second to last class for school. I feel like I’m doing ok towards this goal. I have an A so far in the class and that makes me very happy. 2. Get out of debt. 1K down this month! 3. Saving for a house. No progress on this goal mainly because I’m focusing my financial resources on goal #2. 4. Finish my first novel. I now have 32K words in my novel and I didn’t make much progress this month which is frustrating but with the move my free tie has been somewhat limited so I hope to do better this month.

Sunday, February 3, 2013

Saving on Shampoo

So for extra income I've been selling AVON as an independent business representative for close to two years now and I feel that I can say with some confidence that it is quite effective as both a product line and as a business model at least for me. Just so we are very clear, I don’t own anything, and my comparisons are not meant to offend in any way. It’s just the stuff I have switched from which I was happy with before. I have provided links to my website for the AVON products for your convenience. I have also provided links to Amazon for the other products for your convenience. I make no claims about the quality of the products other than from my own experience. Please do your own research to ensure you are getting the best deal for your personal circumstances. We’ll talk about the different ways just using the product has saved me money.
I used to use Paul Mitchell’s shampoo. This costs 50.00 for the shampoo and condition on Amazon. Which isn’t a bad deal considering the quality and the quantity one receives. It’s 33.8 fl ozs each so 67.6 ozs total. Approximately 74 cents per ounce.

Now I use Avon’s Advance Techniques Volume Shampoo and Conditioner. (My hair tends to be a bit limp.) It’s 11.8 fl ozs. So 23.6 fl ozs. It’s on sale right now for 2.99 a piece. And this is before my discount! Which works out to about 26 cents an ounce! Almost a third of the price. And again this is before my discount as a representative. Click Here

Feburary Update

Here is my February update for 2013 goals.
1. Graduate! So I’m finishing up week 4 of my second to last class for school. I feel like I’m doing ok towards this goal. I have an A so far in the class and that makes me very happy.
2. Get out of debt. 5K down! Still a very long way to go and a lot of external factors are why the numbers are so great this month, but I’ll take it!
3. Saving for a house. No progress on this goal mainly because I’m focusing my financial resources on goal #2. Still would love to get out of my studio though and with my partner moving in I hope that things will get easier and I can start working towards this shared goal.
4. Finish my first novel. I now have 32K words in my novel and I’m up 3K words. That feels really good and while not the progress I’d like to see it’s still moving along which is always positive.

Wednesday, January 23, 2013

New Years Reset 2013

News years Reset 2013.
So I realize I’m a little late on the bandwagon for new years resolutions but I want to start blogging more consistently. Additionally, I have four main goals this year.
1. Graduate! If you’re new to this blog I have been slogging away at a master’s in clinical and counseling psychology for a very long time. I have two classes to go. I’m taking the first one right now and we are in week 3. So I’m happy with my progress so far.
2. Get out of debt. From student loans to my car to credit cards it isn't pretty, but my goal is to get rid of that and I recalculate about every month or so to see how I’m doing.
3. Buy a house. So I’m saving for the down payment on a house. At the beginning of the year I have nothing but I hope to update every month on how we’re doing. Right now I’m renting a studio that I have major issues with but hopefully this will be motivation to keep working as hard as I can.
4. Finish a novel. At the beginning of the year I had 29K words on my werewolf novel. Expect updates on this as well!