Neville's Digital Surrogate Brain
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.
OUCH. New York for two weeks left an $825 dent in my wallet. Not working also threw off my monthly income by a bit, but I made a $913 profit from my online business to counteract that.
Also, I am now only reporting usable, liquid assets of mine. I will still report my business balance account which holds funds I owe, but I will not consider it an asset.
These last few days have been harsh on stocks, so my longterm holdings are not doing so hot. I have also transfered all the money I owe for my business to the business balance account. I like keeping my business 100% debt free, which is not great looking for balance sheets, but I like having no liabilites for now.
General Account: $423
Spending Account: $82
Investment Account: $860
Permanent Savings: $5,300
Stock Portfolio Value: $7,810
Total Assests: $14,475
Credit Card Balance: $0
Business Balance: $4,392
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So far my financial year is not off to the right start, but I am changing that soon!
I will be posting some New Year’s Resolutions soon for 2005. I graduate from college this coming semester, so a lot of important decisions will be made in 2005. Till then, Happy New Year’s!
My next short term goal is to:
Make $11,000 by April 31st, 2005.
This means I must make an average of:
This goal is more than double my last 4 month goal, so something about my income must change. I must either work more, make more money from my online business or create a new income stream. I plan to do all three.
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.
Well it is December 31st, here is how I performed:
September Business Profit: + $468
October Business Profit: + $459
November Business Loss: – $9 (Server was down)
December Business Income: + $913
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: + $1,930
Webpage Work: + $150
Total Income: + $5,604
Total Losses: – $325
Total Money Made: $5,279
General Account: $2,118
Business Balance: $2,416
Spending Account: $385
Investment Account: $1,035
Permanent Savings: $5,260
Stock Portfolio Value: $8,118
Credit Card Balance: $0
Total Assests: $19,332 (+ $900)
Still in New York and having lots of fun. Here is an updated breakdown of my expenditures up till day 9 of the trip:
I haven’t broken down “spending cash” because it would be a very long list of small things like hot dogs, drinks, tips etc. Keep in mind I have also been paying for two people in many places.
I’m in NYC right now, and so far I have been paid for in most places. Major spending to point out so far (Day 4 of the trip):
So far very little money has been spent, but the worst is still to come during New Years. For the time being, Merry Christmas and Happy Holidays to all!
Dynegy (DYN) stock took a massive drop after it reported paying off debt, but then took a nice rebound. I waited for the stock to drop rock bottom, then make its way up. I have a limit order for 220 shares of Dynegy at $4.65, but unfortunately the market is on a holiday schedule.
Dynegy was also upgraded by several firms to $5.10
I plan to hold Dynegy for the longterm, so I may sell a few shares if it reaches that target, then buy it again if it goes lower. This was I can keep the stock longterm, but extract some profit along the way.
Dynegy looks like it’s back on track and ready to make a rebound. In the short term I still think the stock will be shaky, but 2+ years everything looks alright.