Categories
Frugality Housing

Baby Step to a Better Life

I trimmed the tall weeds in my front yard with a pair of scissors today. I chuckled at myself while I worked; it reminded me of all the times when I washed my laundry in the bathtub.

It was also absolutely, completely ridiculous. I could hire someone to mow my yard but I’m no longer inclined to do that. It takes several days for them to get around to it and this year–this year I’m not in the mood to deal with a scraggly yard. I tend to procrastinate when it comes to hiring someone since it costs around $10 each time and I detest spending the money.

It was time to bite the bullet. I’ve decided to remain here for the foreseeable future; money isn’t as tight as it has been in times past. I can afford to purchase a solution.

I went on Amazon and located an inexpensive electric weed trimmer. It cost around $35 and will arrive in a few days. Even with the extra string I’ll have to purchase once it arrives I will come out ahead financially this mowing season. Even better, I’ll be able to mow my yard as frequently as needed to keep it neat.

That will be a major change compared to the previous years I’ve lived here.

I must confess that I hesitated to spend the money. It’s easier to spend $10 than it is to spend almost $40, after all. I had to give myself a firm reminder that I’m on a journey to become wealthy; wealthy people keep their yards properly maintained. I need to start doing that as well.

One step closer to the life of my dreams.

Have you made any progress towards your dreams lately? Please share your stories in the comments below.

Categories
Finances

What Can I Use to Become Rich?

Okay, I’ve calmed down a bit since I wrote that last post. I’ve realized that I want to do this, despite my doubts and fears. The next step is to figure out what I have to work with right now. I’ll worry about how to apply that in the future.

I bring home $600 a month from my public job. I can live on that easily with my current expense rate. That leaves me $84 a month (give or take) in book royalties I can invest but if I work it right, I might be able to chip in a bit more by conserving the money I earn from my day job.

I am an expert when it comes to frugality. I know of no one else who can live on as little as I do. I can use that to my advantage to achieve this goal.

I also have another advantage: I can learn how to do anything by reading books and stuff. Over the years I’ve taught myself how to fix computers, repair things that broke in the homes I lived in, do basic repairs on the vehicles I owned…I even used this skill to learn how to write online, start this website, and eventually write and publish books. If I apply this skill to the task of learning how to earn more money, I’ll eventually hit on an idea that will work. I’ll probably encounter a whole lot of ideas that don’t work, but that’s part of the process.

With this in mind it is time to officially alter my game plan. I will invest extra money left over from my day job into books about business and finance. I already started that a while back when I scored several books at the library book sale while I was contemplating this decision so it is time to get to work. Between socking away my royalty income and searching for answers, I’ll figure out a way to do this.

 

 

Categories
Finances Frugality Personal

What I Really Want

I’ve done a lot of thinking as my Katie’s graduation approached and even more now that I know she will leave the nest in a few short months. What next? What do I want to do now that I know I’ll be on my own?

I honestly don’t know. I don’t know if I want to remain here, relocate, or do something entirely different. I mull over the possibilities and I come up blank.

I do know one thing, however. I don’t want to ever struggle financially again. While I enjoy my simple, frugal lifestyle, I want to build up a larger margin of safety than I’ve had in the past. I want to know that I’ll be okay whether I work a public job in the future or not.

I could do this by marketing my books more aggressively but to do so would compromise my morals. How can I in good conscience market to a group of people who are already struggling financially? I started writing to help people, not rob them blind!

The answer is I can’t. Not if I want to sleep at night.

So I’m going to have to do some research. I want to build up another source of passive income that is unrelated to this website or my book sales. I want to build it to the point where it can not only support this website in the event my book sales completely tank, but to the point where it can support me whether I work a public job or not.

Now, there are a lot of scams out there that promise to do that. I want to avoid them, so instead of following the crowd I’m instead going to study those who have managed to do what I want to do. Since the Average Joe doesn’t get much press, I’m going to research wealthy people, those who started with very little and ended up rich enough that someone wrote a book about them.

Hopefully I can figure out how to apply what I learn to my own life and develop a system that will allow me to not only build a better nest egg for myself but to give you an idea of something you can do to improve your own financial picture.

To start, I know that Chris Gardner was homeless and somehow managed to get a job in the stock market to build his wealth. Steve Jobs, Bill Gates, and others started their own businesses. Robert Kiyosaki made his fortune in real estate as did many of the people who were featured in the “Millionaire Next Door” books written by Thomas Stanley. At the moment I don’t have the resources to even consider real estate as an option so I’ll have to read, and keep reading, until I figure out something that I can start from where I currently stand.

Any suggestions you have concerning research would be extremely welcome. Thank you.