My wife and I have been having a lot of discussion lately about some of the changes we want to make that will help us reach our goals in life sooner rather than later. Don’t worry – there’s nothing wrong with us or our marriage. But for reasons I won’t get into publicly, let’s just say that the working-world has decided to pose some complicated challenges that would otherwise make it take longer to get there. Since going down this path of reaching financial freedom, we’ve both been so completely infatuated with the goal of getting there. We’re seduced by the thought of what our lives will be like when we do. Unfortunately though sometimes even though you think you’ve got all the pieces to your life in place, things beyond your … [Read more...] about Never Let Anyone Compromise Your Goals in Life
My Money Design Turns 3! What I’ve Learned About Writing Blogs for Money
I’m proud to announce that as of last week MyMoneyDesign.com is now 3 years old! Running a blog is something that unfortunately not a lot of other people can claim to have accomplished. During my tenure I’ve seen a lot of websites start, a lot of them fail, and some of them just completely disappear of the face of the Internet. But I’ve also seen a lot of the good ones carry on and take their sites to the next level. They’ve encouraged me, inspired me, and even challenged me at times to improve. I’m very thankful for all the friends I’ve made and for everything I’ve throughout this whole experience! If someone would have told me 3 years ago that this would be my primary way of making money on the side, I would have told them … [Read more...] about My Money Design Turns 3! What I’ve Learned About Writing Blogs for Money
Can the Experts Help Us with Investing in Dividend Stocks? 6 Month Update
What if there was a really simple way for investing in dividend stocks and knowing which ones were going to do better than others over the next year? What if all you had to do was just read the expert opinions to know how they were going to do? That’s the fun little experiment I started about 6 months ago when I bought my last round of dividend stocks to add to my money design. Of course this is NOT how I picked my stocks and I would NEVER advise you do this. There are plenty of other ways to evaluate the assets of a company. All the same though, I thought it might be fun to note the “expert opinions” for each of the stocks I bought earlier this year and see how they did every 3 months are so. Who knows – could any of these … [Read more...] about Can the Experts Help Us with Investing in Dividend Stocks? 6 Month Update
Niche Website Update 20 – Copying My Competition – Plus $1,226 in Income
When you’re like me and depending on your hobby of blogging to supplement your income, you start to take a very active interest in how exactly you can do things better. Why? Because better = more money! That’s exactly what I’ve been up to this month – trying to figure out creative ways how to do things better. Though I’ll get into more detail about it below, I’m confident that the things I’m doing will have long lasting positive benefits on my niche websites. Even though I declared in my last Niche Website Update that I wasn’t going to invest much more effort into my latest niche site #4 (which I call NS4), ironically that’s the one that I’ve been working on the most when it comes to “experimenting” with a few new … [Read more...] about Niche Website Update 20 – Copying My Competition – Plus $1,226 in Income
Even Though I Want Financial Freedom, I’ve Still Got a Long Ways to Go
Recently when I was asked to do an interview with the Mint website, it got me thinking a lot about how much I want financial freedom and where I’m at so far with my own savings goals. So I decided to try this fun game - You can try it too. Pretend you decided to stop working tomorrow and were going to live off of absolutely nothing else other than your financial assets (and good looks) for the rest of your life. Call it an early retirement. Call it what you will. The magic question would then be: How much money would you be able to pay yourself each month? How Much Money Would You Need? In the past I’ve determined that my magic number to reach financial freedom was somewhere around $5,000 per month. In other words, if … [Read more...] about Even Though I Want Financial Freedom, I’ve Still Got a Long Ways to Go
Want to Know How to Sell Things Online Fast? Just Ask My Wife to Put It on Facebook!
This week, thanks to my wife, the MMD household made a ton of money on the side. But this wasn’t our usual passive income or blog revenue. Nope. This was different. This week my wife completely schooled me in the art of how to sell things online fast – all by using Facebook! Who knew these days that’s all it would take. I can still remember the days of the dark ages (i.e. about 20 years ago) when I used to go looking through the newspaper (remember those?) classified to find guitar gear. In more recent years I’ve really been a fan of using Internet sales sites like Ebay and CraigsList. But even those sites were a huge improvement, they still had their own fundamental drawbacks. Fortunately things like high-speed service and … [Read more...] about Want to Know How to Sell Things Online Fast? Just Ask My Wife to Put It on Facebook!
How to Double Your Money the Safe and Smart Way
Blackjack. Hot-pick stocks. These are the kinds of silly things people usually think about when it comes to doubling their money fast. Unfortunately when it comes to methods like that, the story usually ends with them not only NOT doubling their money but also losing all of their initial investment too. Ever since I was a little boy I’ve been completely fascinated with the legitimate ways that you take one dollar and turn it into two. The truth is that it’s actually pretty easy to do. There are lots of ways how to double your money without having to take a whole lot of unnecessary risks. You just need the patience to give it time and let it happen safely. Here’s how that happens: The Rule of 72 and Doubling Your … [Read more...] about How to Double Your Money the Safe and Smart Way
Niche Website Update 19 – Using the 80-20 Rule to Adjust My Priorities – Plus $1,295 in Income
Before we get to the latest developments with my side-income generating efforts using my niche website portfolio (and what a great month it was), I wanted to pause for a minute and have everyone try a short exercise I used this month. I was on vacation recently when I had a moment of clarity and decide to try out this little exercise. It’s amazing how much your perspective on things can change when you’re physically in a new location and removed from the everyday grindstone of your normal routine. Here is the exercise I tried: Take a pen and paper and on the left side begin jotting down a list of all the things you or your virtual assistant work on every week to make your niche sites or blog money. Now add some kind of monthly … [Read more...] about Niche Website Update 19 – Using the 80-20 Rule to Adjust My Priorities – Plus $1,295 in Income
