Recent Developments

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I’ve been MIA lately.  I’ve had a lot on my plate.  For starters, I’ve gone back to school for my MBA while still holding onto my full time job.  Learning to juggle the two and still be able to have a life was quite the task.

Second, as part of breaking the cycle of debt currently throwing my plans off track, I have gone back to working part time.  This time however, I’m doing it in a smarter way than last time.  My search for a side job had three criteria. 1.) It must not be labor intensive. 2) It must allow me to do other things besides the work at hand (i.e. keep up with my blog) 3.) It must pay well.  Do I sound delusional?  I guess not because that’s pretty much what I got.  Enter the part time concierge position at a building downtown.  I sit pretty at the front desk and after about two hours of filing and inventory work, I get to work on my homework assignments, research topics that are  of interest to me and blog the evening away.  I greet guests as they come in every few hours and continue on about my business.  I’m also content with the pay.  No, my current situation is not ideal as I do have to cut into my free time by getting a part time gig but that’s what I get for going berserk after I had been on the straight and narrow for so long.  And you know what else? Being occupied with a weekend job leaves no room for impulse shopping, random expensive outings or overindulgence of any other kind!

I have also decided to stop hosting international students to supplement my income and started looking for the more reliable yet slightly less lucrative sublease option.  While it has been an enriching experience and I learned a great deal, unforeseen circumstances such as the students not being able to secure a visa for entry into the U.S. have reduced the flow of students participating in the program to a small trickle.  While having a roommate would not pay as highly as hosting, it does fare better from a money standpoint in the long run because of its consistency.  At least I won’t have a roommate cancel her stay because she’s denied entry lol.  The plan is to get a six month lease with someone and then revisit the topic of hosting students.  I hear that its better during the summer months.  My experience also confirms this.

Just dealing with the consequences of my relapse. I’m still on track with all of my goals and hope to be where I once was in a few short months.

Paid in Full! Then What?

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I think one of the main reasons I keep going back to my cycle is the fact that I don’t plan past my debt elimination goals. There’s a certain direction I want my life to take but I’m afraid of planning so ambitiously without first accomplishing these more immediate tasks.  But now I’m starting to think of that stage as something I might need to specify so I can have something to look forward to.  I guess its responding to the question, then what?  At first it was establishing myself; buying a car, a place to live etc.  Now it has to be more.  So here are the things I want to achieve:

  1. I want to own multiple properties in my area, rent and manage the properties and reinvest the income to acquire more properties.  I also want to teach myself to invest intelligently in stocks and bonds and profit from that as well.
  2. I want to reduce my hours of working for a company to the minimum I need to stay on their health insurance.  I understand I sound like an opportunist when stating this so bluntly but I think that’s one of the perks of working for someone else; certain things cost you less because their price is being passed onto someone else.
  3. I want to take lessons in cooking, wine tasting, painting and some sort of martial arts.  Basically, I want to spend my time and money on learning skills that I always wanted to have.
  4.  I want to be able to travel extensively, especially in the winter.  Every winter, I look out my office window to the grey and brown wasteland that is the office park and adjacent street and realize I’d rather be anywhere else but here.  Upon achieving my debt payoff goals I would like to be able to travel for at least 2/3rd of the winter to warmer locations.