Business has no emotion

I took my silver and gold in to the dealer to liquidate it today. An odd thing happened. I was really kind of sad to sell them, even more so than selling the car I have yet to do. How can I get attached to some shiny little coins? I did eventually train myself to look at most things as business when I purchase them, in reference to initial price, expected profit, max loss potential, etc.

The point is this, if it is a deal to make you money, it is just that. No emotion, no like or dislike, just the question of 'Can it make me money?' If the answer is yes then buy the deal and get it done.

New changes, good and bad.

I tend to have a hard time figuring out the value of my silver and gold coins on the fly, so I decided to add these kitco charts to my sidebar. It is an up to the minute value, whereas I originally thought it was from the close of the last trading day. This does come at an odd time as I am liquidating my coins for my newest goal of returning everything to cash to ensure my current step and totals are current.

I am also currently liquidating the car a little earlier than I had anticipated. Whether this will bring me the same or less money is yet to be seen. I had an exorbitant $1000 emergency vet bill for my dog this week. Surprise!

Logic tells me to get rid of the dog, but there are times when even I have emotional attachments. I purchased her and by doing so I implied a promise to take care of her. Plus I like her, which is surprising since I typically do NOT like animals. I bought her for my fiancee originally, but I took a severe liking to the little runt. What do you do, huh? She is now fine, and as happy as ever.

Losing an income source

It happens to us all at some point. I am becoming accustomed to losing jobs, it seems to be the trend nowadays, but sadly I have lost one of my major income flows in the game. I had a vending machine at one of my locations that made an enormous amount of money for the time involved. So much so that the owner of the business that hosted the machine decided he wanted it all for himself. I have lost that portion of the location. I am thinking about liquidating the rest of the location and moving that money to the account as part of my liquidation plan. I really should as I finally got a new job and it looks as though it will interfere with the time slots I had to go and deal with that location anyway.

I will let you know how that goes.

New Year - New Progress

This coming year should be interesting. I am hoping to start it off with a good push. I am starting off the year with a car-flipping deal, much like the one I pulled in the past. This time, however, I am purchasing the car and intend to drive it around while I take my time and attempt to get a decent profit. Unlike the last deal, I do not already have a buyer in mind.

I have also spent the last few months drumming up some income ideas, several pages worth, in fact. I know many of them will dud-out and not make income, but the more I come up with, the more likely I am to have a big hitter. I obviously cannot do them all at once so I must implement them one at a time and see how it goes. Since many of them involve little to no physical parts, it won't be a huge loss if they don't work out. Still, one likes to see progress in all they do, right?

I need to adjust my monthly income program a bit. I initially said I wanted to make $30 a month as a starting point in residual income. I actually had that going with the vending machines I have. I just was not separating that income into a monthly cashflow. I have since decided to do so. So my next goal will be a measly $50 a month. A small increase, but $50 gives a common round number to start with and then progress to the next step of say $100 or so. I am working on that chart and will post the steps when I make them more concrete.

Happy Independence Day

Independence Day is a national holiday, but I decided to make it my own personal holiday as well.

I had first made a goal of January 1 2009 as the day I begin to bank my entire paycheck. I have moved that day to July 4th 2009 merely to coincide with the national holiday.

This is one of the goals of my doubling project. So lets go one more year and have my own Independence Day! ;)

Thin Air Millionaire

This blog is about making a million dollars from scratch! This is my blog about an interesting 28-step concept that I read about. You must start by finding or getting a penny from someone. I removed many of the original rules to increase the efficiency of the plan. If you want those rules, just Google 'Double your way to a million'. Anyway, here are my rules:

The Rules:

1. Your million may include both cash and assets, as long as it gets to a million


2. You may add your pocket change to the pot.


3. You graduate through the 28 steps by doubling your money at each step. Unlike the original, carryover is allowed from one step to the next.


4. You may make as many transactions as necessary to complete a step.
5. There is no time limit to any step.


6. Do not remove money to do anything other than further your game to the next step.
   


7. You may use loans or debt to increase your assets to earn your million as long as the payments for the debt are made from the money the pot earns.


8. You may also accept any charity or free items to grow your pot. This is anything anyone wants to give you. If you can use it, sell it, or trade it, do so.


9. You may sell items you already own to help you, as needed.

The steps are as follows:

1. .01
2. .02
3. .04
4. .08
5. .16
6. .32
7. .64
8. 1.28
9. 2.56
10. 5.00 (for simplicity's sake)
11. 10.00
12. 20.00
13. 40.00
14. 80.00
15. 160.00
16. 320.00
17. 640.00
18. 1,280.00
19. 2,560.00
20. 5,000.00 (again, for simplicity)
21. 10,000.00
22. 20,000.00
23. 40,000.00
24. 80,000.00
25. 160,000.00
26. 320,000.00
27. 640,000.00
28. 1,280,000.00

Let the game begin!

UPDATE: I decided to implement this nifty little thermometer for the million dollar goal...