Alternative Income Streams Schedule Change |
4 Comments |
Up until now, I had been posting my Alternative Income Streams every two weeks. I’m going to switch it to once a month starting with the new year. Why not continue the two week schedule?
- With my company finally offering a 401k plan, I prefer to save money in this way. This doesn’t translate to an income stream for another 35 years for me.
- I need to start saving for my Roth IRA contribution. Like the 401k above, this isn’t an income stream for now.
- Even though Prosper is fun, I need to make more disciplined payments to my down HELOC. While I still believe I’m earning a little more in Prosper, I don’t want to put all my eggs in that basket.
- Lastly, a report every two weeks is just too much. There’s not a ton of change in that short span.
I’ve purposely set the schedule for the beginning of the month to offset my net worth report. That report comes out in mid-month. This, every 15 days or so, there’s some progress that I’m going to be held accountable for posting.
Lastly, I’d like to give a thanks to Divorce to Financial Freedom, who had some very kind words to say about Lazy Man and Money and my alternative income stream report.
This post deals with: ... and focuses on:Alternative Income
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December 22nd, 2006 at 12:00 pm
No problem. Thanks for the ideas. Keep up the good work!
December 22nd, 2006 at 1:43 pm
It’s true that every two weeks probably won’t show too much difference in alternative income as the overall number is small. 401(k) is definitely a good choice in saving money for retirement, especially if your company offers any match (that’s the free money you don’t want to pass).
December 22nd, 2006 at 2:08 pm
Yep, unfortunately, there’s no match. I’ll still take the tax advantages. And while the alternative income is small, it’s that small size that allows for bigger gains. For instance, it’s easy for me to grow it 100% from $2-$4 :-). So I don’t really mind the small size at this point.
December 23rd, 2006 at 9:08 pm
Merry Christmas!