January Goal Analysis

I decided in Mid-January after reading part of Grant Cardone’s “The 10X Rule” that I needed to push myself and set some short-term goals to get my finances, blog, social influence, brand etc. all on track. I wrote these goals down on my phone and posted them on my business Instagram as you can see here.IMG_0313.png

Also if you haven’t been following me yet its @bsquared.website and I try to make my posts value oriented and show everyone what I am doing to improve my blog, business, investments etc. Anyways the timeline for that first set of goals was under 2 weeks and as you can see below I didn’t reach most of them.

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I came so close to the blog visitor goal, I was at 97 for January and as I was finishing up homework around 12:30am I had another visitor technically on February 1st, that’s why the +1 is there. Nonetheless that was a huge achievement for me, I started the blog in late November and had only 7 visitors for the whole month of December. As far as clicks go I haven’t been doing well on blog to amazon, I always hear its just a law of numbers. I guess I just need to get my numbers up and the clicks will come in. Falling short on blog posts came down to time and amount of content I had, but mainly time. I also planned on a friend writing 2 articles for me but that hasn’t happened yet. Side money made it easily with all the recent stock sales and profits I’ve collected from that. Again, with the clicks I think the affiliate sale follow a rule of numbers and I just need to keep pushing until I get to that threshold. The 10X rule and posting about it also came down to time, I’ve been extremely busy with school, fraternity business and working on all my personal goals and picking up my kindle and reading just wasn’t on the priority list. Coming short on forward dividend was mostly on me. I sold and bought a bunch of stock over this duration of time and didn’t allocate for the best dividend stocks but rather went with shorter plays for profits soon. Hitting my 25 IG posts was easy, I could always come up with content for that and just got in a habit of posting in the morning and late at night helping me rack of my following, reach, impressions etc. Instagram followers are a little bit more difficult to come by, I noticed I have lost a decent number of followers as well, so I am not sure what that is all about, but we are going to try to get those numbers up this month. Speaking of which here are my goals for the next 2 weeks.

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They are as ambitious as the last ones I would say, but attainable I believe. I think these goals will come down to how I utilize my weekends. This tends to be the only free time I have, and I normally allocate that to social activities. I can say for certain that affected the end of January goals in a negative way. Tell me what you think!

B^2

Side Money Challenge update 1

I completed the December – January 15th challenge of $600. Now to be completely honest here I knew this one was going to be easy. I knew in advance I had a check coming in from John Deere to reimburse me for travel expenses. Now if you’ve ever been reimbursed for travel expenses we all know that $.55/mile is more than enough to cover both gas and wear and tear. So naturally I profited about $300 from that trip, but left without an internship. Anyway, that only left $300 more to go which was handled through resale, dividends, interest, credit card rewards and short-term stock sales for the most part. The final push that got me to the finish line was actually a $100 cashback reward on my Visa card for spending “x” dollars in 90 days.

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This allows me to get a head start on the next objective which is $1,000 by the end of February. This one will be the real challenge considering I will be back in school which will take up most my time and I don’t have a couple hundred dollars coming in already. I will update you all on how this next objective goes.

Follow me on Instagram @ bsquared.website

I link articles through there and update on investments and financials more frequently than the blog.

2018 Goals

So as December ends and 2018 is fast approaching I’ve been thinking what I want to accomplish this upcoming year. I’m not talking about New Years resolutions or anything, I’m looking at this year as a incredibly critical moment in my life. The actions I take in 2018 could have a significant impact on my life, and could either push me to the next level however you would like to define it, or I could come up short. As I mentioned before in my “Change of Plans” post, I did not get offered the co-op or internship that I thought I had a very good shot at. The co-op would’ve gave me another huge influx of capital and could’ve been a critical asset in my financial life. The missed internship opportunity would have most likely secured a career path once I graduated. So, without either of those I am approaching 2018 in no man’s land. This would be the first time in 2 years that I am going into the new year without a summer job prospect or offer. I did end the Fall 2017 semester very strong, so I have that going for me as well as some good stock positions and prospects going into 2018, but back to the goals. I recently started reading Grant Cardone’s The 10x Rule  which has driven me to set more ambitious goals and to put in more time and effort to achieve those results.

$2500 in my aspiration emergency fund (this would give me the 1.00% APY interest rate)

$20,000 In my Robinhood portfolio (originally shooting for $10,000, hoping some options trading will give me the edge I need to achieve this goal)

$10,000 in stash app (originally $5,000)

$10,000 in Lending club (originally $5,000, would be incredibly useful in the stretch investing method)

Collect over $1,000 in dividends and stock interest (this years projected amount was ~$250, original goal was $500)

Have 5, $1,000+/year income streams by the end of 2018 (Anticipate being Dividends/interest, Lending Club interest, Internship, Drop Shipping, Blog)

150 blog posts by the end of 2018

All these goals are related to the blog and my financial life, I also have goals, relating to my academic life, extracurricular involvement, and fitness. I won’t get into details on these to keep this post short.

So tell me some of your goals and ambitions this year, I look forward to reading your comments.

Side Money Challenge

I came up with this idea not too long ago. As a college student with no job, I have little to zero income 9 months out of the year. The little income I do produce (dividends, stock gains, interest, odd jobs etc.) goes right out the door. As a way to decrease the necessity to pull money out of my investments to support my living while at school I started to do a little challenge. I started recording and tracking my “side income”, by side income I mean anything I make besides my internship or co-op income. Some would also call this your “side hustle” your secondary income in addition to your normal job. In 2018 one of my primary focuses will be expanding my income streams, particularly passive income streams. This is just the first step in exploring that avenue further. As you can see in the table below, I am 1 for 2 on the challenge, Thanksgiving break did not go as planned and I failed to capitalize on some of my resale opportunities. As of writing this (12/4/17) December isn’t off to a bad start, again opportunities for resale and side jobs when I return home for winter break.

Let me know what you think, or if you have your own side hustle or gig.

 

October 2017 Goal $80/month mark 10/1/2017 totals: 10/31/17
date profit source baseline %
10/31 $17.86 dividends Dividends $17.86 14.59%
10/31 $40.66 LC interest interest $40.66 33.21%
10/6 $0.75 bpmx stock stocks $5.49 4.48%
10/7 $50.00 move furniture odd jobs $50.00 40.84%
10/10 $5.43 credit card rewards credit cards $5.43 4.43%
10/10 $4.05 bpmx stock online side money $3.00 2.45%
10/18 $0.69 bpmx stock
10/31 $3.00 swagbucks amazon gc
$122.44
current date
November Goal: $300 month 11/1/2017 12/1/17 11/30/17
Date: Profit Source
11/30 $23.12 dividends Dividends $23.12 17.84%
11/30 $41.20 LC interest interest $41.20 31.80%
11/6 $11.42 credit card rewards stocks $6.33 4.89%
11/7 $4.83 chk/bpmx stock odd jobs $0.00 0.00%
11/10 $24.50 ibotta credit cards $11.42 8.81%
11/25 $20.00 zippos online side money $27.50 21.22%
11/28 $3.00 amazon gc sb resale $20.00 15.44%
11/30 $1.50 bpmx stock
Thanksgiving break was a hard flop, strong dividend count, online money was strong
$129.57 43.19% 100.00%
current date
Winter break goal: $600 12/1/17 12/4/17 1/15/18
Date: Profit Source
12/31/17 $14.11 dividends Dividends $14.11
1/15/17 dividends stocks $3.12
12/31/17 LC interest odd jobs
$2.80 credit card rewards credit cards $2.80
12/4/17 $3.12 ATRS stock online side money $4.00
12/4/17 $4.00 WSJ / acorn resale
LC interest
$24.03 4.01% 6.67%