Andy Hough

December Expenses – $1443.16

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Here is a breakdown of my expenses for December.

Household

$755.86

Entertainment

$127.53

Transportation

 $243.23

Food

$51.69
Medical/Dental

$57.44

Utilities

$102.41
Debt $95

Total

$1443.16

My expenses for December were up a little but that mainly was because of Christmas.  My food total only includes meals I eat out by myself, that is why it is low.  Transportation was up a little because I paid my personal property tax and drove more.  I need to buy tires this month so my transportation expense will probably be high again.  My household expenses should be down significantly and everything else should be about the same.  January expenses should not be much more than my $1000 goal.

November Investment Income – $95.71

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I’m really behind on getting my posts out. This should have been posted in early December but I’m posting it now. I’ll try to get posts up quicker and more often this month.

My November investment income declined slightly to $95.71 from $96.04 the month before. Until I am able to make further contributions to my investment portfolio any gains or losses will be due to market fluctuations. I’m hoping I’ll be able to add some money in the next few months.

This is not my actual investment income. To get this figure I first add up my retirement savings, emergency fund, and any other money I consider permanent savings. What the total of my savings would earn at 6% interest for a month is my monthly investment income. My goal is to get this amount to $1000 a month. If I have $1000 in monthly passive investment income I will be able to retire early. You can see what my actual investment income for the month was by looking at my monthly income report and adding the interest and dividend amounts.

2011 Goals

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I once again didn’t meet my goals in December. Part of the reason is because I was busy at my job and doing mystery shops so I don’t feel too bad about not getting them done. I’m not going to set any goals for January since I will be busy with my job and studying for the bar. I suppose you could call passing the bar a goal but I’m somewhat ambivalent about it.

I’m not setting any goals for 2011 at this time either. A couple of things I would like to accomplish this year are losing weight and writing a book. Until I come up with a specific plan for achieving those though they will remain wishes rather than goals. Another wish is that both my wife and I will make enough self-employment income to support ourselves, pay off debts, and build up our savings. These wishes are achievable and I will make them goals later this year.

Online Income Report – November 2010

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This was supposed to go up last night but my hosting was down again last night. If anyone knows of a good online tutorial on transferring a WordPress blog to a new host please tell me. Anyway, here is a breakdown of my online income for November 2010.

Google Adsense – $325.91

Affiliate Income – $260

Text Link Ads – $44.53

Direct Ads – $33.23

Total – $663.67

My streak of $1000 online income months came to an end in November.  Making $600 wasn’t bad though since I haven’t been putting a lot of work into my blogs.  I already know my income will be back over $1000 for December since much of my affiliate income is paid the month after I make it.  The affiliate offer that was making most of my money is no longer producing but I have some smaller affiliate offers that are working.  I just need to post more often and experiment with different affiliate offers to keep my affiliate income up.  I also have been a lot pickier about accepting ads.  I’m establishing a set ad policy and ad rates and will be responding to the multiple advertising inquiries I have waiting in my inbox.  I should just break five figures in online income for the year.  Next year I want to be solidly in the five figures for profit.  I’ll establish more specific goals during the year.  This will be my best year for online income and I’m pleased with it but there is still plenty of room for improvement.

November Income – $703.85

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Here is a breakdown of my income for November.

Online Income

$505.23

Interest

$38.81

Stock Dividends

$12.93

Mystery Shops

$129.89

Bank Bonuses

$10

Survey/Cashback

$6.99

Total

$703.8

It was not a good month for income.  My online income streak of making over $1000 came to an end as I only made $505.23 online for the month.  This isn’t too bad since I paid for three years of hosting.  I already know my online income for December will be over $1000.  This will be by far my best year for online income.  I’m hoping I can make next year even better.

Since I didn’t have any job income or medical study income my overall income was down quite a bit.  I’m starting a new job this month which should get my income total back up.  I don’t think having a job will result in any reduction in my alternative sources of income which will allow me to start putting some money in savings and investments again.