Archive for the 'My Progress' Category

August 2nd, 2007

Credit Card Debt Out The Window!

Well I have good news and bad news.

Unfortunately this month was extremely slow, none of which I had any control over. I never realized that tea would be a very seasonal topic (nobody wants to know about hot tea in the middle of summer).

I still made another sale of SBI! which brought in another $75, but my total passive income for the month was only $127.96

This is the first month that my percentage of being financially free has gone down – and it went down quite a bit. It went from 74.6% free to 23% free.

However, that doesn’t deter me from still working hard to achieve financial independence.

Me and my girlfriend just had an amazing conversation about our future and I realized that having her and realizing that I’m most likely going to marry her is one of my main motivational factors for working so hard to achieve financial independence.

One of my goals this month is to place at least 4 of my candy vending machines (still waiting to figure out insurance and licenses) so that should bring in a little extra.

To be honest, I’m very proud of myself for staying so positive after such a bad month. If anything, it’s motivated me to work even more. I just got home from work and I’m about to jump in the shower and write another page for the website (www.fitness-made-fun.com)

Credit Card Victory!

Being the little scaredy-cat that I am, I decided to take the money I have in the bank to pay off all my credit cards. By doing it, I’ve eliminated $77/month from my expenses. I still need to pay the $13/month to my discover for my Pre-Paid Legal services.

Being that I have roughly $750 that I paid off, if I were talking in terms of an investment – I’d get my money back in 10 months. Not a bad deal in my opinion. Plus I like the fact that it’s that much less money I have to worry about, and also paying those credit cards off (since they were about 15% each) is like having a 15% return on my money – which is pretty good for doing nothing.

I’d just like to point out that if this were in May that I had my expenses so low (they’re now down to 488 – down from 703) I would only be about $17 away from financial freedom for that month.

In the winter months I would be financially free just from my tea website. However, since May I’ve also picked up another website which will start making me money in probably November or so, and the candy vending business which should start producing returns this month. By Christmas, I will definitely be free. By the time I graduate, I want to be at double financial freedom, or about $1000 passive income per month.

Just wanted to give you an update. Feel free to leave a comment and let me know how you’re doing, or e-mail me at Lilreeves at aol dot com and we can share our stories together. I only have 1 person participating with me right now and I’d like to share with more people!

PS – This post should teach you something. Right now I’m relying on 1 major source of income (although I have 2 more in progress).

The lesson is – multiple sources of income is the best way to go!


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By Jeremy in Financial Independence,My Progress  .::. (Add your comment)

July 28th, 2007

Just Bought Another Website!

Yay me!

After realizing that my tea website is seasonal and will get most of its traffic during the colder months of the year, I started making jokes that I needed to build another website that would get more traffic in the spring and summer.

Well, this got me to thinking that I really DID need to start a website. I remember how much fun I had making my crazyfortea.com website, and I’ve always wanted to make one about some type of health theme.

So I was going for a walk around Lake Scranton (close to where I live in PA) and was giving it a good thought. I realized that I don’t do the normal types of exercises that people do, and that I get bored very easily – therefore my workouts must be very fun to do.

As I explained to her all this, I thought nothing of it. We carried on our conversation and a few minutes later a light bulb went off. I should make a website about how to make fitness a fun thing!

So, I decided to purchase another website using Site Build It! of course.

This website is going to be about how you can turn a boring workout routine into something you actually enjoy. I know you can do this because I’ve done it and love my workouts now – they’re much more enjoyable than they used to be.

I’ll also include dozens of pages on how to improve certain skills such as reflexes (in fun ways), balance, eating properly, and all types of other stuff that will make your health improve dramatically with you still being able to love doing it.

The url for my website (which I just created about 5 minutes ago) is www.fitness-made-fun.com. Catchy domain name isn’t it? I like it :)

Anyway, I’ll be spending most of my free time in the last month of my summer building up that website. I plan on having at least 20-25 pages built by the end of the month so I have a lot of work to do. I’ll include some RSS feeds on that site so you can follow along if you’d like.

Jeremy

PS – It’s also going to be another income stream for me. I’ll probably start to monetize it around November, depending on how much free time I have available to work on it. I have a lot more potential with this website than I do with my crazy for tea website so I’m excited about that. If you’re interested in making some extra money, please visit this link – Site Build It!

PPS – I’m probably going to blog some time this week about a new method I’ve been experimenting with that I learned from Joe Vitale. I’m actually reading 1 of his books at the moment too – it’s called “The Attractor Factor”. Anyway, I’ve been trying it for about a week now and have noticed some major improvements in my feelings towards other people – so I’ll probably write a post about it this week.


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By Jeremy in Health,My Progress  .::. (Add your comment)

July 2nd, 2007

Progress In June And Goals For July

June was a bit tricky for me. Summer is a very slow time for Internet marketers so my main income source (Google Adsense) did very poorly as compared to May. However, I added an income stream which is turning out to be great. I also went on vacation so the health part was a bit screwy as well.

Health

Well I can’t say too much on this because the last week of June I spent on vacation and couldn’t work out like I usually do, but I will mention that before I left – I definitely made some progress from the end of May.

Wealth

Expenses - My total expenses for the month of June were $578. I’m pretty much at my base expenses right now, which means that my expenses are at the lowest amount possible.

My passive income has lowered for the first time since November, but there’s still good news which I’ll say at the end. In May I made a total of $470.70. Here is a layout of what I’ve made in June.

Google Adsense – $166.88

Clickbank – $33.87

Commission Junction – $54.22

Vitacost - $0

Amazon - $1.63

SBI Affiliate – $175

Total – $431.60

A decrease of $39.10

In mid-June I added a page to www.crazyfortea.com that talks about how I found and started SBI! and how amazing it is. I’ve already made 2 sales (because SBI! is the most amazing website builder on the Internet) which brought me in an extra $175!

Click on the link below to check it out -

http://www.crazyfortea.com/tea-website-building.html

I came out to be 74.6% financially free, as compared to 66.9% last month. Quite an improvement!

All I need is another $146.40 to become financially independent. However, I believe that’s possible this month. Assuming the traffic on my website stays low, I’ll still make more this month than last – here’s why.

  1. I started the SBI affiliate page, which is turning out to bring in even more money than Google Adsense.
  2. I’ve already purchased 6 candy vending machines and I’m in the process of getting a sponsorship from a charity. Once I have them, I’ll start placing machines – and another income stream.
  3. I’m also going to learn how to make graphics, which I’ll use to make various t-shirts, mugs, and other similar accessories to sell online. Although I’m not going to put much time or energy into this, it might turn out to give me a few bucks a month.
  4. This month I’m also going to start campaigns using Google Adwords, which will be yet another income stream.

After I set up these other income streams, I won’t add anymore for the rest of the summer or probably the rest of the year. The rest of the year will be devoted to building up all my income streams so they’re as 100% complete and as passive as possible

Happiness

I’m actually going to stop writing about my happiness for each month because it’s way too hard to measure. Just assume from now on that it’s getting better each month :) .

July Goals

  1. I will have 6 candy vending machines placed.
  2. I will have made $600 in passive income.
  3. I can do 9 pull ups with a 40 pound weighted vest.
  4. My waist will be 31″ (in the fattest spot)
  5. I will have finished reading “Paint Shop Pro” (To do graphics)
  6. I will write and submit 3 articles to directories.
  7. I will have 92 pages on the Crazy For Tea website.

 

In case you’re wondering, I didn’t come close to achieving my goals for last month. I like to shoot high on my goals because it motivates me to work harder and I know I can handle it well if I don’t achieve them. This month I toned them down a bit though.

However, one goal that I accomplished that I’m very proud of is that I sprinted 3 sets of bleachers without stopping. That’s a total of 1,296 bleachers with no break whatsoever.


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By Jeremy in My Progress  .::. Read Comment (1)

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