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A Goal for the First Month of the New Year

You remember last month’s carnival of financial goals? Well, it wasn’t a one-time deal. Here’s more info on the carnival and here’s where to submit an article. But hurry, because the deadline is on the 2nd.

My big financial goal for 2008 is to start earning $2000 a month after taxes by the end of April.

I’m planning to earn the money many ways, including through this blog. With my new BlogHer contract and ads from a few other sources, I earned over $125 in December. My goal for January? Double it!

How do I plan to do this? Awesome writing, mostly. And being open to cultivating advertising contracts.

I don’t intend to sacrifice content or aesthetics (at least, as far as my aesthetic eye will take me…it’s much better with fabric than blogs). This blog is mostly a place where I learn about personal finance and share that with others. I didn’t get started to make money. But as a PF blogger in debt, I think it’d be irresponsible of me not to make some money off it. We’re all about developing multiple income streams.

Other ways I’ll be increasing my earning power include: new library job starts this Thursday; planning to spend more energy hunting for freelance work (project I was working on in Dec is coming to a close); building a personal website as a writer/editor (no, you can’t see it); working at UserTesting.

What are your goals this year? What about this month?


{ 2 trackbacks }

Carnival of Financial Goals #2 - A Walk With Sam | beingfrugal.net
January 4, 2008 at 5:09 am
2008 financial goal thwarted at birth « Funny about Money
August 14, 2008 at 1:14 pm

{ 4 comments… read them below or add one }

CatherineL January 1, 2008 at 11:57 am

Hi Mrs M – Good luck on achieving your goals and putting them in writing.

I’m still working out my financials to see where I am so far – but my priority is to break even on my plumbing business by the end of the first quarter.

Laura January 1, 2008 at 2:58 pm

I think your goals are certainly attainable and I wish you the best.

I’m trying to pre-write my posts one week in advance to give myself some breathing room. I’m also hope to increase the number of visitors to my site by 30%.

RacerX January 1, 2008 at 3:09 pm

Those are all great stretch goals that are achievable by continuing your hard work.

$125 on the blog is great. In no way is your site turning into a MFA (Made for Adsense) sort of site and you deserve to be compensated for your work.

vh January 3, 2008 at 4:05 am

They sound like reasonable goals. I hope they all come to pass, and then some.

Mine are to figure out how to make my new blog work; probably to move it to a different hosting site and convert to better software; and to build readership. Someday I’d like it to make a little money, but that doesn’t seem realistic yet.

Meanwhile, my 2008 financial goal is to salt away $10,000, putting as much as possible in my Roth IRA and the rest in a conservative Vanguard fund by a) saving $250 a month out of my salary and b) netting $3500 a semester teaching online courses.

Over the next three years, I need to build an enterprise that will reliably net $12,000 a year, the amount Social Security and my savings will fall short of supporting me when I retire. I want to retire at 65 (well…66, in my cohort), but to do that I need a home-based business that does not depend on landing underpaid teaching contracts and that provides a more predictable income than freelance editing or writing.

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