It’s the beginning of the month and like all months it’s time to review my finances. For those of you new to this process, the entire reason for this blog’s existence is to chronicle my journey of getting out of debt.
I didn’t do much in June. No vacation. No parties. No weddings. Thankfully, no funerals either. I spent the entire month either working, traveling for work, or renovating the rental property. It’s not fun living on your hands and knees in 100 degree weather. The lady behind the counter at the local Turkey Hill knows me for two reasons: 1) I usually go in there covered in paint and; 2) I always scoop up an armload full of Vitamin Water, slushie drinks and regular water for myself and whichever family members are helping out that weekend.
Speaking of family, I’m pretty grateful that multiple family members have pitched in to take the 3 hour ride with me on the weekend and thenproceed to get covered in paint, wood chips, glue or whatever medium we happen to be working with that weekend. Having a close family and set of friends is an awesome thing, and I owe them a multitude of thanks.
Honestly though, I think that they just come along to see what kind of house $37,000 (closing costs included) buys you. Thankfully they’ve been impressed that it’s not a dump or in a rat-infested, crime-ridden neighborhood with junkies for neighbors. Renovations would have been completed yesterday, but it was too hot and I was burnt out, so it will be completed next weekend, and I promise that I’ll have pictures and figures for you then.
I’ll be honest with you here and say that my debt servicing wasn’t the best in June. I’ve taken resources that would normally go towards paying down my debt and instead used them for all of my incidental expenses (paying for EVERYTHING for EVERYONE who comes along since I’m too cheap to pay them directly) for this renovation.
Yes, my debt skyrocketed. You guys voted and decided that I should add the debt from the new house to the balance, so here it is folks (that’s the 401K loan line). It isn’t too bad for someone with two homes I guess, but it is kind of scary. Time to get back to drilling that number down as fast as possible. I plan on devoting rental income to this debt, so that nothing comes from my earned income.
I’m also having a teeny problem with my, as of July 1, former management company. They didn’t bother to make sure that rent was collected for June and didn’t return my phone calls until July 2. Nor did they follow the process to have the tenant evicted for non-payment of rent. Now it’s July and he will owe me two months of rent. If I don’t have the money by Saturday, I’ll start the proceedings to have him out of my house by the end of the month. I don’t have time for BS with non-paying tenants, and I had even less patience for a management company who I was paying not doing their jobs. When I see their ads for apartments I want to cringe because I know that the property owners who have just signed contracts with them have no idea what they’re in for.
Until now the tenant has been fairly decent, but I’d rather have an empty apartment than one filled with a non-paying tenant. For now he’s playing the “oh, I mailed the check at the beginning of June” crap, but if he thinks that I’m a push-over because I’m a woman, he’s in for a sad surprise. If he doesn’t have the rent money on Saturday, I’ll hand him a notice to quit on the spot. I don’t have time to play around and there are lots of willing tenants looking for housing.
On to how I made money online in June.
Google Adsense YIAC: $162.45
Google Adsense MTFH: $0.09
Google Adsense Super Secret Site: $59.02
Google Adsense Shirataki Noodle Facts: $0.44
Google Adsense other: $0.14
Lijit Networks: $12.60
Ad network #1: $163.20
Ad network #2: $42.00
Private ads: $480.06
Webmaster Work: $0
Sponsored Tweets: $12.63
Again, I’m still pulling in a decent amount of money per month from my blogging work. I’ve been running into a bigger issue lately of being too overwhelmed to answer the multitude of e-mail that I get each day. I’ve been missing advertiser messages and such because, quite frankly, with everything that is going on in my every day life, I just have no time to handle everything. I’m trying to rope some of my family into profit sharing deals where they help me with running the blog for a share of the profits. That way, everyone is happy and I can sleep for more than 4 hours per night.
Also, I’m not bitching, but I keep getting offers to write for large, much more well known places. The problem is that they do not pay. It takes time to write a decent, engaging article and if you’re including facts and statistics, you have to spend a good amount of time fact checking. I’m asking myself, what am I worth and are these things worth my time? More often than not, I say no, it’s not. So, instead of seeking my work on big, flashy sites, I pass on those opportunities that will essentially just vampire away the best of my work from you guys. It’s true that they can be stepping stones to larger things, but I don’t want my life to be blogging. I don’t think that I’m built for banging out articles every day that say the same things. I always tell you guys to never sell your talents short. I won’t do the same. But maybe I’m just not being realistic. Who knows?
We’ll pick back up on the Getting Out of Debt Course soon. If you haven’t taken the first few classes, go back and do so. At this point you should be in a rhythm. If not, we’ll analyze why you’re still having problems.
How did your month go? Any progress with your debt? Any new babies? Seems like everyone is pregnant these days. There’s something in the water. Oh, and photos of the house coming next week!
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