Tuesday, June 29, 2010

Plans, Big Plans

I've never been one to do things the easy way, I know it makes no sense but suffering, as they say, builds character.

Over the last several years I've managed to work myself into a precarious financial situation, in which I'm left with a pile of bills, a pile of money, and if I'm lucky the money pile is bigger.

However, never being one to let reality get me down, I've decided that the best motivation is an audacious goal. So, I've decided that by the age of 30, that is October 13th 2014 I will have all my school loans and personal debt paid off. This amounts to a whopping $43,000 dollars of debt, plus or minus a bit, paid off in just over four years time, or to put that in perspective $10,000 dollars per year.

Given my current rate of repayment this plan is quite simply, impossible.

I don't make enough money to successfully pay off $10,000 per year, plus interest. However if I can manage to create, market, and sell a product that can generate a stream of renewable revenue then this goal becomes not only possible, it becomes relatively trivial to do.

I'm also looking into the possibility of acquiring rental property, most likely HUD property and earning additional income that way. We shall see which way I end up going. Either way, it's a big goal, a crazy goal, and I hope I'm up to the challenge.

Sunday, June 6, 2010

One Nail Short

I'm branching out! I've started a second blog One Nail Short

We're one of "those" couples

The Missus and I are moving, hopefully into a new house, but at the very least out of our current apartment.

As I was packing today I realized The Missus and I are one of "those" couples, you know the couples with a million boxes of books, all weighing at least 45lbs. Yeah, that's us, sorry.

It seems like I've moved a few of those couples, I even moved a Reverend once, you want to see a pile of books move a Reverend. The Missus and I aren't quite at that stage but we're close. Say .8 Reverends.

It's funny, we've been looking for houses for months and it's today, the act of packing, that makes it seem real. It's as if up until now we were not moving, just looking, and now we are really going to pick up and move. Scary.