Working from home definitely comes with it’s fair share of challenges. I have two little kids (read a typical day in my life here) and I recently wrote a post on how to be productive when working from home with kids. I stay productive in a number of ways – I try to wake up early so I can get a jump-start on my day, I tire the girls out in the morning with an activity that way they’re (more likely) to take a solid, very necessary, afternoon nap, I always work ahead of time and I work every single day. Yup, even weekends (I’m trying to give myself one “rest” day, though).
Archives for October 2014
While I admitted that I’m more about earning more money than saving more money, I’m still pretty cheap by nature. I don’t enjoy spending money on shopping sprees, I get my hair cut at Great Clips about once a year, I can’t remember the last time I got a pedicure or manicure, I don’t go on lavish vacations (though I wouldn’t mind that one) and I don’t spoil my kids rotten (even though I may want to).
That being said, there are definitely still quite a few things I’m just not willing to give up in order to save more money.
Investing is something that both John and I are rather new to. Other than our company 401K plans, we’ve never invested any of our money. We’ve always saved and set goals, but when it comes to taking risks with our money? Nope. Not gonna happen. Recently, our mentality has completely changed. We want to take risks, we want to learn about stocks, mutual funds, REITs and dividends, we want to generate passive income streams, we want to see our money grow, we want our money to start making us money. We want to start investing. In other words, we want to be rich 🙂
So I’ve been thinking about this post all day and, sadly, I think it’s much easier to write a post on finances than it is to think of 7 random things about myself! I feel like I’m a pretty “vanilla” person haha, but here goes! And thanks to Michelle at Making Sense of Cents for the nomination!
I mentioned before that I was wanting to read Thomas Stanley’s The Millionaire Next Door. Well, today I took my girls to the bookstore so they could play and I could do some reading. Sure enough, they had this book and I couldn’t wait to dive in! While I only got to read a few chapters, I did come across one very interesting formula on calculating how much net worth you should have…
I would say one of the biggest challenges my husband and I used to have was keeping our financial goals. We were GREAT at setting them, but not so great at keeping them or even remembering what they were. Setting goals is important in life, but if you don’t keep them, there’s really no point in even setting them.
Now, we’re pretty good at keeping all of our goals. Wanna know our secret?
If I’m being completely honest, I don’t really follow a budget. Now, that’s not to say I don’t know where my money goes, don’t save and spend frivolously. In fact, I do the opposite of all of those things. But an actual budget? I’ve just never really taken the time to create it and follow it. It seems too time-consuming and stressful, and I personally like my method of managing money. It’s allowed us to save, move across the country, invest and work for ourselves. Not to say not having a budget is for everyone, but here’s why I don’t follow one and what exactly I do instead.
I love reading people’s “A day in my life” posts, so figured I would do one myself 🙂 To recap, I’m a work-from-home mom of two little girls, ages 2 1/2 and 1. Life is BUSY now, but we make it work and I’m happy to be able to bring in an income from my home. Everyone has their own schedule and own way of doing things…this is mine.
Is it just me or does it seem like EVERY month something “unexpected” happens? Seriously. Just a little recap…but in July our air conditioner went out (in AZ), two weeks later we had a massive swarm of bees outside our front door ($160), in August we moved across the country, in September we bought my husband a work truck, tools for his business, insurance/licensing for his business and general house stuff to get set up in NC, and now this month we had both our cars in the shop (husband’s new truck dies multiple times in one trip // our family SUV needed a new tire). November will be Thanksgiving, time off work for my husband and the start of Christmas shopping! I’m sure something “unexpected” will happen then, too.
So how do you plan for the unexpected expenses?!?!
I picked up Get Rich Click at the library a few weeks ago. It sat on my desk until this morning when I picked it up. I could not stop reading this book and in fact just finished it this evening. I’ll be honest – I’m not really a book reader. I prefer to find information online, haha (don’t we all?).
Anyways, Get Rich Click is written by Marc Ostrofsky and is described as “the ultimate guide to making money online”. I originally checked it out because I thought it would pertain to blogging. While I’m not looking to make any money off this blog right now, I do have high hopes for it in the future. My goal is to fill my head with as much information on monetizing my blog before I begin to actually make money on it. Right now, I want to focus on producing quality content. With 2 little ones and a freelancing career, I expect this to take me at least 6 months.
Ok…got off on a tangent. The book doesn’t really talk about how to make money from blogging specifically, but it more discusses the various ways you can make money online (and WOW – there are SO MANY). For example, you can sell some else’s product for a small fee, generate leads to websites and get paid for each lead, purchase domain names (also known as “internet real estate”), sell products as a third-party vendor (this allows you to not carry inventory) and more. If you’re selling a product yourself, the book also says it’s wise to purchase a few different domain names that all link back to your parent product. This is a way to drive in more sales. For example, Barnes and Noble owns Books.com. Purchasing from Books.com means Barnes and Noble gets credit for the sale. You with me?
So, I highly recommend this book. If you’re looking to make an income online, grow your blog (it does mention 16 great ways to gain traffic to your website of blog) or just learn more about the never-ending income opportunities provided online, look no further. Though Get Rich Click was written in 2011, I personally found the information extremely valuable!!
Have you read any good books lately? I’m also starting an eBook on growing your blog! Stay tuned for a review on that!