Penny saved is a penny earned.

Here it is eleven months since I started this blog.  I have made ten entries, not including this one.  During this same time there have been many blogs start that are now making loads of money, well in to the five figure, most making less than that.  But, my point is, I should have stayed the course.  I should have blogged about hatting dumb websites like I said I was going to.  I ramble on about this and that, never focused.

Now, I do have a great job, I own a couple companies.  So its not like I really need to make money blogging or even online.   However my goals are to start an internet empire.   I would like to start by building a better website for my offline businesses.   People don't use phone books as much as they used to.  They 'Google it'.  Ten years ago someone would look at you cross eyed if you said you found it by 'Googling it', now, everyone uses that term. ...okay, I am getting side tracked here.

What I have noticed about my self is I keep trying to make money out of nothing, more importantly off of something I know very little about or have no experience in.  example, this dumb website, which by the way costs me money to have and has not made one penny. 


It has been said that a penny saved is a penny earned.  I for one don't respect penny's, as they aren't worth much.  But, I need to start looking at the big picture.  While I dream about making it big online I should be thinking about ways I can save money and make more money from what assets I already have.  Here are a few examples:

  • Cable: do I really need the movie channels? I could save $20 per mo if I get rid of them.
  • NASE: Do I really need to spend $40 per month to be a member of this group, do they really save me any money.
  • Health insurance:  Okay, I have to pay for my own health insurance because I am self employed.  If I raise my deductable I could save as much as $150 per month.
  • Dental membership savings plan:  Okay, its not insurance and it cost $65 per month, and we don't even use it or plan on using it.
  • Business insurance: I could also save by upping my deductable on this one too, if only by $100 per month.
  • Merchant account:   I used to take credit cards but my business has gone in another direction and I don't take them any longer, I could save $39 per month by cancelling.
If I add all of those things together I could save as much as $414 per month, not a lot, but enough to pay the light bill.

Okay, so now there are the areas I could be making more money. 

  • I have a room full of stuff I want to sell on ebay. Some of it is worth only a couple bucks some a few hundred.  But I figure I have enough stuff to do at least four auctions a week for a year and net at least $100 per week.  That total per month is $400
  • I have inventory left over from a business I started in 93 that I closed down in 06.  I figure I have about $3500 worth of stuff.  If sold for 75% of value over the course of a year I could earn an extra $218 dollars per month.
  • I have a land that I rent out, its an auto body shop.  currently I have half of it rented out, the other half is full of my stuff that I need to get rid of.  If I clean that up I could rent the other half out for another $800 per month (maybe more)
These ides are just the ones I can think of, I am sure that there are more.  If you add all the things I could do to make more money up it comes out to $1418 per month

So between what I could save and what I could make extra it comes out to $1832 extra per month or $21,984 per year... I got some calls to make and things to do.

 

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Comments

  • 1/5/2008 6:19 AM lisa wrote:
    This is a great way to think. I have a very similar issues. I thought about this in very similar ways. Thanks very much for this information this push me to make it happen in 2008!!
    Reply to this
    1. 4/8/2008 6:11 AM max wrote:
      u suck balls lisa who ever you are u cock sucker
      Reply to this
  • 4/8/2008 6:10 AM max wrote:
    i think that these dumb people who want the penny to be gone are stupid and should not deserve to live here in the free land of canada ware we respect our money and our culture.
    Reply to this
  • 4/8/2008 6:21 AM max wrote:
    lisa is sutch a dumb bitch long live the penney down with dumbasses like lisa who is a dumb bitch.
    Reply to this
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