Neville's Financial Blog

My last semester of college starts tommorrow, and I am very excited. I also start working tommorrow. I love when everything is in full swing!

I need to concentrate not only on school, but meeting my $11,000 goal by April. I also need to have at least 3 or 4 steady side incomes by the end of this semester in May.

There is no excuse this semester to mosey around, because there is PLENTY of work ahead for me!

I think everyday I should post what I have done to improve my fiancial situation or life. My goal here is to not let the days slip by.

Today was a slow day:

-Sent out a letter to all TX Entrepreneurs inviting them to get together and talk business.

-Went to the library to research business advertising.

At this rate, I am going nowhere. This list needs to expand, and quickly.

One of the reasons I started this blog was to track if I was meeting, exceeding or falling short of my goals. One of my short term goals was:

By December 31st, 2004, I should have made $5,000 since September.

Am I close? I only have 29 days left, let’s take a look at the money I’ve made and lost since September:

September Business Profit: + $468

October Business Profit: + $459

November Business Loss: - $9 (Server was down)

December Business Income: TBA

Profit from Wheaton Sale (WHT): + $567

Profit from Syntel Sale (SYNT): + $776

Loss from V.I. Tech Sale (VITX): – $316

Birthday Money: + $101

Parents: + $240

Work: + $1,398



Total Income: + $4,009

Total Losses: – $325

Total Money Made: $3,684



Money I have to make in the next 29 days: $1,316



I have some money owed to me for webpages, I have two more paychecks coming and I have 400+ profit sitting in stock with the possibility of going further up (or possibly down). The online business will also be rather profitable since it’s the holiday season. Hopefully I can accomplish my goal of $5,000 since September in 29 more days.

A million in liquid assets is an extremely lofty goal. Is it even possible? Of course. To make $1,000,000 in five years I will need to:

Save $200,000 per year

Save $16,666 per month

Save $3,846 per week

Save $549 per day

Keep in mind this is saving $X.XX per year and does not include expenses.

I mandatorily put away $400 per month for investing and permanent savings, and after I get paid (from any source) I put away 60% if not more. Since I started working, I have been putting away roughly $685 per month. My current savings per month needs to increase by 2,400% immediately to meet my goal by 27.

This blog will be dedicated to tracking my financial progress. Today I turn 22, let’s see how far I can financially advance by the time I am 23.