Category Archives: Financial

2006 Goal Setting, Other Stuff

Almost 2006, so it’s time to start setting goals. I made a poster board with goals and a sort of calendar to make sure I work towards those goals every month. Goals rarely get accomplished unless they are constantly kept track of.

I’ve also bought a giant cork board to thumb-tack inspirational articles right in front of my desk. I’ll start putting up quotes, articles, pictures or anything that inspires me to work harder.


I think a great financial move I’ve made is splitting my money into separate accounts. It really shows how much money I have for what purpose. I had too much cash sitting in my extremely low-yield permanent savings account (aka “No Risk” account), so I maxed my Roth IRA for the year by adding $2,000 to it, and threw $1,000 into an EmigrantDirect savings account.

I also recently opened up a 2nd Spending Account specifically for the holidays and larger purchases. I noticed every holiday season is much more expensive than other months, so I’ve been stashing a little money each week for a couple of months and built up around $800 for gifts and other holiday expenses.

It makes me feel good that I can buy gifts for family and friends without worrying about prices.


The second scooter I bought has recently been fully registered and is now actually legal to drive. Almost immediately after I bought it, I got a ticket for driving with: No insurance, No inspection and No registration.

I’ve also got two parking tickets, each $50 a piece. In relation, it takes me $3 to fill an entire tank of gas.

I’ve also been yelled at several times for cutting through standing traffic. One cop said I was a “Traffic Unit” like everyone else and couldn’t go through just because I could. I disagree. I’m not sure what kind of ticket I can get for moving through a line of traffic, but I’m willing to find out.

Despite $700+ extra dollars of additional costs (Not counting helmet, gloves etc), I have been able to easily absorb these costs thanks to my “Bills Account.”


Visit and see if is available. If yes, buy it. I don’t know why, but it just seems a good idea. It costs $9 or less per year. redirects to my original webpage, Having a website throughout the years has really helped me in many ways.

Vonage, WordPress, Stock, Starbucks

My longest held business has a phone number, and paying for phone service costs me around $21/month. Since I deal with people in all states, I always call people back with my cell phone….this confuses customers with different area codes and intermingles my personal and work life.

The perfect answer seems to be Vonage. So long as you have a broadband connection, you can get unlimited phone service anywhere in the United States and Canada for $25/month. You can also select ANY area code and number, no matter where you are.

I bought a nice Vonage Router from Fry’s this weekend which also doubles as a wireless router. Cost: $118 with $100 rebate. I just sign up on their website and hook my phone directly into the router.

On Another Note:

For some other side projects, I’ve learned to use the WordPress blogging system. I installed it on my server with ease and picked it up quickly. It was extremely dynamic, quick and intuitive. Anyone with just a little bit of web publishing experience can pick it up in minutes.

On Yet Another Note:

Here are my current longterm stock holdings:

And on One More Note:

I did a Google Guide a while back, and to prove I knew what I was talking about, I did an experiment concerning the keyword “Starbucks Liquor”.

Well, the experiment worked and put me in the #1 spot when “Starbucks Liquor” is searched on Google. I get several hundred hits on my site p/week from people typing that keyword, so I decided to give them what they were searching for: Starbucks Liquor Recipe’s!

Quick Update

My stock portfolio has gone into the 5-digit range in the last few days. Here is my portfolio as of Wednesday, 6-8-2005. The main factor in this is Dynegy (DYN). It keeps going up about 3% per day. I went from a 25% loss to a 9% gain in a few days.

Also, Thursday morning I will be crashing an exclusive entrepreneurial convention. “Bob” tipped me off that some pretty important people will be attending and speaking. I’ve got my suit ready, a black portfolio, business cards and a fake name tag….lets see if I can pull this off!

This Weekend In Numbers

$22 – Tubing down river for 6 hours.

$13 – Food For Tubing.

$17.50 – CiCi’s Pizza.

$12 – Brunch at Moonshine’s with business associate.

$10 – Misc. Expenses.

22 – Miles I drove exploring East Austin. Just keeping my eyes opened to what’s around me.

2 – Amount of new business projects I worked on.

2 – Number of times cops have been called for excessive noise violations coming from my apartment this semester.

Bazillion – Number of motorcycles I saw at a bike rally this weekend in Austin.

14 – Number of new people met this weekend.

Weekend Update

I had some visitors stay over in Austin this weekend and I was really expecting to completely exhaust my spending account. Fortunately, I could not find a single boat to rent this weekend, and certain people refused to let me pay for meals/drinks etc.. I wasn’t complaining.

I came out alive with $54 in the Spending Account.

I felt smug having such a fun weekend and spending half of what I expected, see for yourself:

Still had tons of fun and went to all sorts of fancy places in Austin. However, if I didn’t previously save for this weekend, I would have exceeded my spending account limit.

Weekend Update

This weekend was for the most part nice and relaxing. I hate that.

I like lots of activity so I feel productive. I accomplished some things, but I am under obligation not to say anything. Too bad.

The weather was in the high 90’s all this weekend, PERFECT for selling bottled water. One problem, I couldn’t find Barry. Apparently the police have been giving tickets to all the homeless people near the Riverside/I-35 intersection, so he was nowhere to be found. This weather is what I need to make this bottled water venture profitable. This weather mkaes everyone thirsty and also brings everyone out, including this weird blimp I saw:

I’ve been saving money for next weekend, so I only spent $10 this entire weekend. It was all on food, particularly late-night Burger King. Other expenses were either free or previously purchased.

Financial Update:
General Account: $1,706
Spending Account: $143
Bills Account: $835
Investment Account: $1,239
Permanent Savings: $2,283
Roth IRA: $5,000
Stock Portfolio: $9,673
Total Assets: $20,879
Business Holding: $6,193
Total On Hand: $27,072

My Stock Portfolio

This chart shows the daily movement of my portfolio only.
I was asked about my stock portfolio several times lately. I enjoy having a long term portfolio which just sits there. I’ve tried active trading and it isn’t for me. I leave that up to Kirk.

Here are the current stocks I own and reasons I bought them:

Dynegy (DYN) – Got pummeled after the Enron scandal. I hold this as a long term turnaround stock. Dynegy deals mainly with natural gas. They keep paying off their debt which short term investors hate, but long term investors like. Has put me at 25% gains at times and at a 30% loss at times.

Syntel (SYNT) – An Indian outsourcing firm with relatively little media coverage. Healthy company with no debt and an ever-expanding operations. On days when the NASDAQ does well, Syntel does really well….but when NASDAQ performs poorly, Syntel performs very poorly. Who cares, I am in it for the long haul.

Fortune Brands (FO) – Conglomerate with a million different brands under their name. Company has balanced their portfolio of brands to survive in good or bad markets. I idolize this company and its great track history.

General Electric (GE) – Bought as a “rock” which moves neither up or down very fast. GE dabbles in jet engines, water treatment, appliances, television stations and much more.


On another note, I’ve started preliminary research for my traffic experiment. I went to three different tall buildings adjacent to I-35 and got permission to take pictures of the rush hour traffic.

I’ll explain later.


Even though the Fall semester is over with (I have one more summer to take and I should be done), I have been gallivanting across town trying to strike up some new business deals here and there.

I want to have a good amount of moola in reserve by the time I get out of college for good.

Ripe, Emerging Markets – Mexico

A lot of buzz is going on about China and their emerging economy. If it’s all over the press, it’s old news.

One emerging market I’ve been interested in (on the domestic and international level) is Mexico.

Some quick observations:

  • Hispanic Americans (wow, I’m so politically correct!) have the highest percentage level of disposable income in the United States. This means they are big spenders for their relative level of income. Appealing to this market will be big business.
  • The hispanic population is the fastest growing in America. In a few years, it is projected the majority of Texans will be Hispanic.
  • Strong trends that introduced new races into more mainstream culture are currently happening: Hispanic boxers, music artists, athletes, politicians etc. are rapidly on the rise.

States such as California, Texas and Florida can already see a very strong infusion of Hispanic culture. In fact, my favorite radio station in Houston is a Reggaetone station (Spanish Rap). That’s just on a domestic level. In Mexico itself things are starting to become more online, a great opportunity for anyone. So how do you profit from this?? EASY:

Take a look back at the United States and other developed countries before our full-blown internet age, and replicate the processes and new services offered.

One lucky lady who happens to be in the PERFECT position to take full advantage of this is Rebecca who runs a new blog called Trendy Tendencias. I have been reading her blog as she brings something fresh to the blogging world, and is identifying trends you can profit on. I’m keeping an eye on her as she brings all sorts of new trends in Mexico to my attention.

It would be wise to appeal to this market before the press jumps all over it.

House Keeping

Few points of interest:

-Part 2 of the Bottled Water Experiment will be posted tomorrow. That’s right, I’ve got Barry the Bum selling 5 cases of bottled water this Tuesday. So far I’ve invested $42. Will he run away with my investment or outperform all expectations?

-My Alamo Apprentice team (Here and Here) beat the opposing team by 152% and set a new record for food/drink sales for a Wednesday night.

-I bought my first tailored suit. Thanks to “Bob” for the hookup.

-I bought another pair of shorts from Nordstrom. I still can’t believe how courteous and helpful their employees are. My own friends aren’t even that nice to me!

PineCone Research sent me a $5 check for a 20 minute survey. Very painless process, and they sent the check in less than 5 days. Brought to my attention by Jim at Barganeering.

-I didn’t meet my 4-31-2005 goal of making $11,000. Son of a……. It was pretty much an arbitrary number that I selected, but I’m still very dissapointed I failed. I will continue to keep track of how much money I’ve made for another few months. I need to further analyze the wrong steps I took to miss the goals.

-I’ve added FORUMS to the site. It’s a work in progress, but fully ready for posting. Registration costs $150.00…..just kidding, it’s free and not even necessary (you owe me now!)

Piggy Banks Aren’t JUST for Children

Ahh, the famous piggy bank. Call it a piggy bank, money box, change jar….whatever. The point is to put spare change from time to into this container for savings.

I think the power of the piggy bank is very underestimated. Take a look at MY piggy bank (Actually it’s a 3-year old Snapple bottle).

I stash away spare change AND SPARE BILLS. If I have five $1 bills, I will (without thinking) stash away two of them in the change jar. I do this all the time. I even stash $10’s and $20’s in there at times.

If you use a lot of cash or change, make a subconcious habit of putting some of it away everyday. DO NOT USE THE CHANGE JAR FOR SPENDING. This defeats the whole purpose.

Once, you’ve got a nice amount built up:

  • Go to a CoinStar or similar machine that gives you cash for change (at local grocery).
  • Get your ca$h.
  • Count all cash.
  • Deposit all cash into bank.
  • Keep 10% or 20% of the money for spending purposes (this will “reward” you for stashing money away).

Since January I will have “made” over $100 from my change jar. Not bad considering it would have just been money wasted in other places.

Also make sure to pickup EVERY penny, nickle, dime and quarter you see laying around. It truly adds up. I was once walking with a multi-multi-MULTI-millionaire who caught sight of a penny from the corner of his eye. Without breaking his line of conversation, he stopped, turned around, walked to the penny, picked up the penny and continued walking with me. He proceeded to carry on the conversation like nothing happened.

I understand why….it’s FREE money. No matter what economic class you are in, you’ve gotta like free money.

This has got to be the simplest form of savings possible. Do it…….NOW.