Category Archives: Market America

June 2012 Challenge

This year has been going well. Our net worth goal for the year is $520K, and we are on track to hit it early! However, I haven’t been doing daily money tracking, I’m more of an overview picture type budgeter. I love to look at monthly details, and I really should keep track of mine, I’ve known this for years and never made it though the month. So that is one of my goals for June.

Also I have been slacking on the running, my knee has been giving me a little pain and I just have been lacking the whole workout motivation. Somehow I feel that June is a month to really get back on track. I am posting the goal of either running or walking 50 miles this month. This is an average of 1.67 miles a day, I know some days will be more, some will be less. But starting tomorrow, it’s ON.

Ok, one more goal for the month. We really want to get active with our side network marketing business, and I know that can’t happen unless I start telling people about it. So this month, I am going to talk to 10 people about it. Sure I know it won’t be for everone, but how will I know unless I talk about it? It has helped my allergies and my dad has been taking the heart health formula and his cholesterol is down 30 points in one month. He is only taking half of what they recommend.

Three goals, one month, how will I do? Stay tuned.


Passive Income – Location Independent

Many people often start a side hustle while they are currently working to get some passive income, or side income that eventually can be their main income. Then Voila! Financial Independence. Sounds easy. It’s not.

Research, hard work, follow through, possible failure, restarts, knock downs, get ups, work. It all comes down to hard work.

I have relatives who have been quite successful in commercial real estate rental. This is appealing because real estate is a physical tangible asset. If the space is rented (ignoring possible defaults) there is an ongoing monthly income stream. However there is maintenance required and therefore you need to stay near the real estate to really make this type of income work, and then it really isn’t all that passive. This could be a viable option for us, as we would have help in finding a property and a possible tenant. It’s just that the down payment would have to come from somewhere and I am hesitant to take it from my current investments as I am pretty loyal to my dividend holdings.

Writing online and earning blog income is something I find appealing, however with my limited website knowledge, this would require additional learning, training and would require time and effort. I am not afraid of either the time commitment or the effort. I just am not sure where to look for this training, and I don’t want to sign up for a costly seminar where I don’t learn what I actually need to know. And of the however many bloggers out there could I make mine stand out and gain followers?

Network Marketing is something that I am interested in learning about. In April, B & I are going to a training conference by Market America, where we will learn strategies to grow our business as well as more about the products they promote. I really see this being something we can use for future income. It’s just a matter of getting out there. I know I will feel more confident and excited after receiving some training.

Finally there is Dividend Investing. I read almost daily about different investments and analysis. I am excited about this path of passive income and I am committed to regular savings and purchases. I think this is one of the best ways to earn passive income that is location independent. All you need is an internet connection, of course research and timing is crucial too. It is really exciting to receive those dividends in your account. It’s a rush to put the orders through and to watch your account rise!

How do you feel about earning passive income? What’s your strategy? How has it been working for you?

Financial Independence

This site will be a personal journal of my journey to financial independence and creating passive income through multiple income streams.

1. Dividend Stocks – I have started investing with scottrade in dividend growth stocks. So far my portfolio has been under 20K.  I hope to triple that number in 2012. My low end goal is 60K, which I’d be happy with, however if I can hit 75K, I’ll be thrilled.

2. Network Marketing – Side hustle, Daniels Market America this I see as having unlimited growth potential, it all depends on how much time we invest. If you are interested in Network Marketing with DMA please click on the contact me link.  I am relatively new to this type of side income, but am excited to learn and earn. My goal for this avenue of income is to hit our next pin level of Professional Coordinator. It could happen in 2012, but I would be happy if we are just consistently earning $1,200/month and helping our team reach their goals.

3. Real Estate ? – This is up in the air, as I have no current Real Estate Investments.  It’s a tough market in Michigan, so I just want to be open to the ideas that may come available, and have some funds to react if the opportunity is there.

Also while not a bullet point of investing, I really like clothes, makeup, shoes, travel, food and adult beverages. This can get a girl off her investment track, but believe me, I do think it’s important not to forget to invest in yourself.  I’m not saying don’t pay the mortgage to buy those shoes. I am encouraging you to treat yourself once in a while, within reason and budget to help yourself look and feel like the confident and successful person that you are.  And really…will you even miss those stilettos when you are retired on the beach with your feet in the sand sipping on a Bushwacker on the beach? No, I didn’t think so.