Traveling once every quarter.

I’ve decided if I meet certain goals every month, I will take a small vacation every quarter. These little trips may be just a long weekend type thing to visit friends in various parts of the country, or just to get lost in a new city.

So at least 4 times a year I will pack up for a few days and get out. While these trips will be mainly for fun, I’ll always be keeping my eyes open for new trends, ideas etc..

First destination is Chicago, I leave on Thursday.

I’ll only use the funds in my Spending 1 and 2 accounts for the trips. Therefore if I don’t meet certain monetary goals every month, I simply won’t have enough money to go. 10% of my income goes to the spending 1 account, and 10% goes to the spending 2 account.

I’ve already bought a ticket which cost me $300 roundtrip.

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Income and Expenses for the month of March 2006 were as follows:
Income:
Exceeded $5,000
Expenses: $2,317

C u r r e n t B a l a n c e s :
-General Account: $2,370
-Spending Account 1: $413
-Spending Account 2: $590
-Investment Account: $2,130
-Bills Accounts: $1,517
-Permanent Savings: $5,215
-Charity Account: $338

-Stock: $10,715
-Roth IRA: $6,705
-Emigrant Direct: $1,007

T o t a l: $ 3 1 , 0 0 0

-Credit Card: $0
-Business Holding: $9,818

T o t a l o n H a n d: $ 4 0 , 8 1 8

————————————-

House of Rave profit this March was $1,915. Looking back at my 2005 profits from HoR, I made $946 last March 2005. The income has more than doubled with very few actual changes to the website or increase in time spent on the site.

The first step to the increased profits was “Bob” shattering my complacency with making $700/month from HoR by asking, “Can you make more money with it?” I told him I could, and I even knew how……I just never thought about applying those changes until he asked.

I attest the increased profits to a few very small changes. A small change with a BIG result was using Outlook instead of webmail, and integrating HoR customer emails with my personal email. This way I am forced to see customer concerns or questions immediately….not simply whenever I feel like checking them. There were also other minor changes such as taking my own pictures of products. I am around the $2,000/month profit level with House Of Rave, now the next step will be adding another $1,000 to that every month.

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On Monday (4-3-2006) I met Max of HowToBePoor.com, who is thinking of moving to Austin, TX.. It was fun talking to him and his wife, and I forced him to write good stuff about me on his website.

He’s been experimenting with Adsense, ecommerce sites and advanced programming….things that may not be extremely profitable at the moment, but he is building a strong foundation. I like.

There are TONS of people out there with lots of great ideas, but they lack the know-how to implement them into a viable businesses. Max has the advantage of knowing computers and programming inside and out, meaning when he has a good idea, he can act on it immediately without hiring a programming team. It’s always fun to make new like-minded friends!

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    Blog posted on: April 5, 2006

    20 comments on “Traveling once every quarter.

    1. Jared

      Nev, I’ll be in Chicago for a little while this weekend. It would be great to meet up for lunch. I’ll email you my info.

      Reply
    2. Anonymous

      1.) Chicago is a great city, but you might get a little chilly being from TX!

      2.) Congrats on your House Of Rave profits, very impressive for a part time venture.

      3.)Isn’t it lovely how the world is becoming a much smaller place? 5 or 10 years ago if Max visited Austin, you two would have never met.

      Reply
    3. Anonymous

      Nev,

      Great job finishing the C.O.R.

      Knock off the “traveling for fun” experiment and get back to work!

      Seriously – Get to Dallas on a trip so I can discuss a new web venture w/ you!

      “Vinny”

      Reply
    4. Dave

      Nice job on HoR, good luck one increasing another $1k.

      Great to see these blogs giving people another way of networking and meeting.

      Reply
    5. jonathan radande

      It’s good to see that things are going well with HoR. Take your quarterly vacations, you definitely deserve them. Keep up the good work.

      Reply
    6. Anonymous

      Hey there Nivelle, chanced upon ur blog here, am very inspired by your ideas and can-do attitude. Cheers!

      Jeremy

      Reply
    7. Jeremy

      Hey there Nivelle, chanced upon ur blog here, am very inspired by your ideas and can-do attitude. Cheers!

      Reply
    8. Amanda

      As a Chicagoan, I have to say you have picked one of the greatest cities for your trip! Have a good time!

      If you’re looking for a nice, off the beaten path restaurant, try West Town Tavern! (www.westtowntavern.com)

      Reply
    9. Anonymous

      Nice work on HoR….You made over $5000 this month, but only around $2000 from HoR, what other businesses ventures are you hiding from us :)

      Reply
    10. Neville

      The additional “$3,000+” is from business partnerships, consulting work and other small businesses which I cannot openly speak about at the moment.

      I’d like to reveal all my finances here, but I must respect the financial privacy of anyone I am working with!

      Reply
    11. Smart Capitalist

      How about expenses, I am interested in knowing what kind of cost structure you have as a recent college graduate.

      Keep up the good work though,

      Reply
    12. Neville

      Smart Capitalist,

      My expenses this month were $2,300, although it should have been closer to $1,800. Unexpected expenses ya know!

      -Nev

      Reply
    13. Gareth John

      Just some feedback on what you were saying about people having ideas and no knowledge. I dont think that is true per se, it is more a money thing, even more so in my case.
      I am a student in the UK aged 18, I an programme ASP and a little PHP but still when I have a great idea dont have the money or time to do anything about it as I have a hectic life already with college and work. Also webspace costs cash, even if I impliment my own server in a COLO!

      So maybe you could inspire me obviously you have been there and done it, so what are your experiences how did you overcome the problem, minus your sweet do nothing all night job, no chance of me finiding one of those.

      Reply
    14. Mike

      Always look forward to your latest adventures. How about visiting Asia some time? It will blow your mind.

      Reply
    15. Anonymous

      How about readers of Neville banding together using LinkdIn? This way, if you need to get advice from someone in a particular industry or with a particular expertise, it is as easy as checking your LinkdIn list.

      Nevil.

      Reply
    16. Anonymous

      Hey Nev. How about coming to Augusta, GA for the Masters golf tournament next year. Also enjoy our hospitality. You’ll have a great time.

      Fred.

      Reply

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