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Net Worth Update – June 2008

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It's the middle of the month, so it's a time to take a look at my net worth. Due to the stock market slump it slumped a little bit. It's specifically down about $3,000 from around $220,500 to $217,380. The first half this year has been disappointing to me, because I really thought I'd be making more money that I'm spending. That speaks a little to the splurges that I've made, like my Asus EEE, but it really is about my income. I expected my websites to make more money. Maybe it's the economy, or maybe I'm not doing a few things right. Perhaps the best explanation is that I simply don't have the writing skills as some personal, finance, writers. Either way, I'm not giving up.

In the last month, I've been focusing a bit on another business. I mentioned it in passing in this space before. I can't go into too many details, but I will say this. It piggybacks on the blogging skills I've acquired over the last two years. I will also say it heavily relies on the principals of the four hour work week. It's on the verge of being profitable already which is quite outstanding considering that California's incorporation costs are quite high ($1200+).

Here's looking forward to next month.

Posted on June 18, 2008.

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7 Responses to “Net Worth Update – June 2008”

  1. Chad @ Sentient Money says:

    I would love to hear how the start-up goes when you can talk about it. I’m starting a small business myself, so I’m very interested in hearing about the issues and successes you have.

  2. irina says:

    LM, Great minds think alike! I have the same book on my table right now and am going over the strategies myself.

    I haven’t been working a regular job since I quit 4 years ago. At the time I was a vice president of a PR agency. I never miss corporate world. No, sir.

    I can be forever an event entertainer. I make a living. I work about 3 days a week but it is not like a job. It more like my social life. I go out, I go to parties, I meet interesting people who pay me to be at their parties. Ahh, a starlet life.. LOL. I wouldn’t outsource that part. I might get an assistant to handle my scheduling.. and media inquiries..that I might do next.

    Anyway, I am excited to know that YOU are implementing the 4-hour week or something like that..I hope you let us know more when the time is right!

  3. I second that. As someone who got a job thanks to my blog, I can’t wait to hear about your latest endeavor, especially since it sounds like something more entrepreneurial than what I’m doing.

  4. Tom says:

    I’d love to hear about your new little project. I’ve got a couple things in the works myself.

  5. Pinyo says:

    I can’t wait to learn more about your new business. As far as blogging goes, the income is nice, but it’s not passive enough — therefore, I think it’s excellent you are looking elsewhere.

  6. Kevin Rooney says:

    You’re killin’ me Lazy Man. You’ve incorporated? That’s a pretty big step. I’m dying to know what’s up your sleeve.

  7. Amanda says:

    I’ll give you the same advice I left over at the Simple Dollar blog, read these people: David Oglivy, Drayton Bird, Seth Godin, & Chris Baggott.

    I’ve spent years in marketing, & if you want to know how to ‘hook’ into people (in a positive way) you need to learn about new marketing in a tech. world vs. slapping ads up (newspaper like.)

    Good luck, & I do like your blog. Your best asset is your conversational, friendly, fun tone.

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