Hello there! I’ve changed the blog’s theme (Dynamic News Lite) to give me a wider text area; I like the extra real estate available for me to ramble. We’ll see how it goes. At some point, if I continue with the blog, I’ll probably update to a pay-for theme. Right now, I can’t justify it though!
October Profits and Goal Update
If you’ve been here since the beginning of the year, you’ll remember that I set out on a goal of completely funding my Roth IRA for the year of 2014 using only profits from eBay and Amazon re-selling. I’ve been sporadically updating this goal with a nice little graph as shown here for the month of October and on the right hand sidebar.
Ignoring the fact that I’m most likely going to come up shy, I’ll still be able to put aside a huge chunk of cash. This is definitely a win on all fronts.
For anyone who’s sweats the small stuff though, this update is for you. I’ve had to modify my original goal.
I’m no longer going to be using a lot of this money for Roth IRA contributions. Since I wrote that original post in January, I’ve gotten a new job, moved into a new state, bought a town home, my wife got a new job, our daughter transitioned back into daycare, and we’ve have had to deal with minor renovations – new carpet upstairs, ripping up carpet downstairs and sealing some pet odors from the previous owners, and EVERY OTHER LITTLE THING THAT I NEVER HAD TO PAY WHEN I RENTED! Damn it, broke my own no whining rule!
JL Collins had it right when he said that houses aren’t a good investment. They are a very emotionally satisfying and make you feel a little more stable considering that a landlord can’t kick you out even if you are making all your payments, but wholly hell, if you want to be comfortable, there’s a lot of little things that need to get updated! Weather stripping, painting, toilet seats… am I whining again already? Crap!
We plan on living here for a while and may even rent the house out in the far off future. But that’s neither here nor there… well I guess it is there. At least it’s definitely not here!
So now that I’ve burst your financial investment bubble, this goal still works in everyone’s favor. Instead of allocating money towards my future retirement, I’m saving money for my future replacement of old, large appliances!
We have old but well maintained equipment here and all will need to be replaced since they are original to the house – water heater, furnace, and HVAC. At least the blower on the furnace died two weeks before we bought the house! And yes, we did get a home warranty. But instead of paying $400 next year to extend the warranty, I’d much rather save up more than that $400 to cover the costs of the expected repairs/replacements! Additionally, being able to do this on the side lets us throw some extra money at our mortgage to pay it off early.
To cap this all off, I’m still here, I’m still blogging, and I’m still making good profits re-selling garage sale, thrift store, and flea market finds on eBay and Amazon. I’m also squeezed into my desk which barely fits in the hallway of our downstairs since we’re planning on getting new carpet in the office/play room in the next month or so.
Since I have all of these new expenses to plan for, we’re using the extra eBay and Amazon sales to save up for future issues, and the goal name has been updated accordingly – Online Re-Selling Profits.
If you have any issues with this, please feel free to use the contact page and let me know. I’ll expect your paypal account and will invoice you any future expenses!
Seriously though, my next blog post will be a Q&A. I already have a few really good questions from readers that can probably fill one post, but please give me more in the comments or straight through my e-mail email@example.com. If the list gets too long, I can either break it into a few posts or just write a novella sized post like this one…. It was supposed to be short and sweet. But remember, I love to ramble!
Photo Credit: Mohylek