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Hi Again! 🙂 If you’ve read my income reports before, then skip past my introduction and head right to the juicy bits. If your new, enjoy my back story. 🙂
Don’t get me wrong, I make good money at my day job. It might not be six figures, but it’s enough to keep the bill collectors at bay and a comfortable roof over our heads. What I’m lacking is freedom. Every time my daughter says “Mommy, I want you to walk me to school today” and I have to say “Honey, Mommy can’t walk you to school, Mommy has to work,” a small piece of my heart breaks. This is my search for freedom!
Why am I publishing my numbers and goals?
Well, the simple answer is…If I can do this, anyone can!! I come from a long line of people devoted to helping others. My mom worked at the school until she retired. She was always going above and beyond helping the kids she worked with, not only with their school work, but snacks and supplies for kids who couldn’t afford them. I even remember her paying for one girl’s prom dress. Before he retired, my dad was a Peace Officer. Where I’m from, that means he was always on call to come save you. Did you go hiking and fall or get lost. He’s on his way to find you. Was there a huge Forrest fire burning somewhere? Then he was probably there, leading a team of guys to put it out. Or maybe you decided to go ice skating a little too early in the season. When the ice broke, he’d be there to pull you out. By now your probably thinking, what does this have to do with sharing your numbers. Well, I share because it’s in my blood to help people. I hope that my numbers will help motivate you to get your freedom. I’m just an average person looking for a path to more, so if I can find ways to lose weight, save money, and make money working from home, then you can too! Hopefully my numbers inspire you to dream big. We have a saying at my house that we repeat often…”start small, but always dream big.” So now it’s up to you. It is absolutely true that it takes money to make money. That being said, it doesn’t always take very much money to get you started. Decide how much you can afford and invest in your future today! Why not start a blog?? What’s stopping you?? One year of hosting on Bluehost cost me $84. That’s a year to build my future for the cost of 2 takeout orders. So I cut my takeout and invested in me. My hips also thank me for the decision.
Now your thinking…get to the numbers already!!
Extra Income (Still no Ads - just repeat customers) Laundry Wash, Dry, and Fold Service $559.51 Ebates $8.80 Capital One Cash Back $78.81 Betterment $0.20 Total $647.32 (before expenses)
1. Learn about Lending Club – Seems Easy Enough. I got the idea to look into this from a friend I have who is always willing to lend you money but will charge you a fee. Simple enough concept. That’s what the bank does. That’s what your credit card does. Why can’t I do that if I have a little extra money hanging around? So, I Googled “Person to Person Lending” and found Lending Club. It looks like $1000 is the minimum. I think I’m ready to invest $1000 and see what happens . There is certainly risk associated with this investment, but you get to pick who you loan your money to and Lending Club rates them according to credit score and other factors. Stay tuned to see how my investments go.
2. Continue Laundry Business Expansion Plan – No new update. The website masterpiece creation continues! 🙂
3. Report On Betterment Progress – I made $0.20. Yup, that’s not a typo. I made 20 cents and I’m super excited about it!! Keep in mind that I have only invested the huge sum of $75 to dates, so I can’t expect huge returns. I’m also a bit of a wimp, so I invested at the semi safe allocation of 60% Stocks and 40% Bonds. Betterment originally suggested 90% Stocks and 10% Bonds, but I was too scared to start at that allocation, so I changed it to match my comfort zone a little more. One step at a time. 🙂
4. Report On Capital One Card Cash Back – OK, so I made a rather large purchase that I won’t be making on a regular basis, but congrats to me for thinking to put it on the card and get the cash back dollars for it!! I’m loving this card already!! Bonus money! See the discussion on Braces below to hear about what I bought.
5. Find the Best and Most Inexpensive Braces – I found and I bought! Smile Direct Club is essentially Do It Yourself Invisalign. Ten years ago when I got Invisalign, they cost me over $6000 and I think that was on the cheaper side of the price range. These cost $1500. Ok…$1500 plus $99 for the impressions kit and $49 for the second impression kit when we messed up the first one, but they refunded the $49 for the second kit after we purchased with them. I also got a $100 discount coupon for the final braces, so final cost = $1449. I’m checking with my insurance company to see if they might cover any of the cost. More to come on that front. Even at a price like this, it never hurts to ask.
1. Report on Lending Club investment
2. Continue Laundry Business Expansion Plan
3. Report On Betterment Progress
4. Report On Capital One Card Cash Back
5. Come Up With More Ideas
That’s it for this month!! Stay tuned for next month’s report and progress!