What does the future hold?

Posted in my crazy life by debt kid on the June 2nd, 2008

What does the future hold?

I spent the weekend down in Portland attending a friend’s wedding. It was wonderful. I really love weddings. Some single people get all depressed at weddings. Not me, I think they are great.

Business Future

My business had it’s most profitable month ever in May. I haven’t done the books yet for the month, but it should be around a 3-4K net profit. It’s possible to repeat this in June, but it’s going to be more difficult. If I could just repeat a 4K profit every month, I’d soon have a pretty sweet little cash stash to start trying to settle some of my larger business debts.

Blog Future

I’m contemplating adding a content writer for my little blog here. I have lots of post ideas and content I wish to add here, but it’s not an efficient use of my time. My really good post ideas usually go to Lending Club anyway.

This site pulled in over 1K again in May, and so it’s crazy for me not to spend a little time focusing on providing more content here. So, if you see posts by another author start to show up later this week….have no fear, it’s part of a short test. : )

Personal Future

I’m really trying to stay focused on the present right now. It’s so easy for me to get caught up in making future plans that I often don’t just enjoy and really live in the present.

That being said. My lease on my current place is up at the end of August. It may be time for me to consider a move to a cheaper location, or perhaps something crazier (living in both cities?). We’ll see. When I mentioned perhaps moving back to Portland this weekend, my mother immediately offered a free room to me. I of course, completely declined. But to her, having someone else around would be huge (see has health issues, and is often quite lonely). So, we’ll see.

Other Future Ventures

Doing a follow up interview with Bob Brooks last week confirmed a feeling I’ve been having for a while. I really love talking about financial topics. Even if it means using my own stupid mistakes as examples. What could this mean from a business standpoint?

I’m not sure yet, but I may consider starting a second blog/online media company focused on smart financial info for the younger population. I realize I have a real passion for this kind of stuff. So we will see. I have actually quite a bit of free time work wise at the moment, so I need to start thinking of how best to utilize my talents/skills going forward.

Debt Future

All of my future plans are dependent on paying off my debt. I should be receiving a payment plan offer from the IRS this week. On the business side the IRS debt, plus around 80K in unsecured loans is what I owe there. All the unsecured debt is in, and has been in collections for some time now. I hope to be able to settle those debts at some point.

On the personal side, my largest creditor is my mother. I’m currently sending her $450 a month, but my eventual goal is to repay her at a 1K/month level.

photo by: aussiegall

7 Responses to 'What does the future hold?'

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  1. No Debt Plan said,

    on June 2nd, 2008 at 6:32 pm

    Funny… I used the same image on an Earth Day post :)

  2. Smart Girl said,

    on June 2nd, 2008 at 9:06 pm

    WOW!!!!!
    Your Blog is making $1K per month!!
    WOW!!!!!

    Are you making this $$ from the referrals or google adds? I’d love to have a blog that makes $$. Any suggestions.

  3. debt kid said,

    on June 2nd, 2008 at 9:18 pm

    @ No debt plan - Isn’t flickr great? : )

    @ Smart Girl - Yeah, I’m that shocked as well. It’s a mix of referrals (like the revolution money exchange post) and affiliates and adsense. In any case, it’s enough now for me to seriously think about how to increase the number to something really significant. My main Alpha project bought it 4.5K last month, which was the highest ever, which was great (especially since I came up with it last summer!).

  4. A. Friend said,

    on June 3rd, 2008 at 10:06 am

    Debt Kid,

    How about an updated list of all your debt, indicating for each loan current balance, balance at the time you started this blog, interest rate, monthly payment, and whether it is personal or business?

    I have been following your story from day one and would love to see how far you’ve come in straight dollars.

    Cheers,

    Alan

  5. Shel said,

    on June 5th, 2008 at 2:21 pm

    That’s insane that your blog is making 1k. With a little work, you could do so much more!

  6. FCC said,

    on June 5th, 2008 at 4:17 pm

    That’s awesome that this blog is already making that much. There is so much potential to make THOUSANDS online. You can put 10x the work on this site and make 10x the money easily or you can do the rinse and repeat method and create more websites similair to this and hope for the best. You really can make a great living online.

    Good luck and keep up the great work :)

  7. Korina Meza said,

    on June 6th, 2008 at 11:10 pm

    You can put 10x the work on this site and make 10x the money easily or you can do the rinse and repeat method and create more websites similair to this and hope for the best. You really can make a great living online.

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