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August 2, 2008

A Step Towards Financial Freedom

Financial freedom to me is having choices about how, when, and what I do (if anything) to bring in income. The ultimate goal is passive income. I want my internet projects to make money for me with minimal amount of my time involved and I want my money to make more money for me through investments.

Yesterday I took a step towards that goal, by taking the first steps towards working 4 days at Wal-mart. I spoke to the department head and filled out the paperwork. I hope the assistant manager for the department will be in today so I can discuss it further and have him sign my request.

Before taking this step, there was some events that occurred, some thought, and some planning.

THE EVENTS:

  • I applied for an office job that would have paid more than what I make at both jobs-I did not get the job.
  • I’m behind on bills
  • Bob Schmuck encouraged me to start Jan’s Writing Services up again
  • Instead of waiting for writing jobs, I researched some keywords, wrote a 5 article package and offered it for sale on Wickedfire  affiliate marketing forum that I am an active member on
  • The article package sold in less than 24 hours (and other writers from the forum offered packages on the same thread)
  • Bob Schmuck had a writing related internet project he wants to start with me
  • I received several requests for writing
  • I really enjoyed writing (and the money it has brought in) the past couple weeks-it doesn’t feel like work!

THINKING…THINKING…..THINKING

  • Not sure with my current schedule I can develop Jan’s Writing Services
  • I like the flexibility of creating my own schedule to write
  • There is no way I can afford my income to drop
  • I need my income to increase
  • If I work less at wage earning, I would need backup income to cover a slow week of writing
  • Wal-mart’s hours are not flexible, the hours are flexible at my other job

THE PLAN

  • I will work 1 day less at a wage earning job-I chose Wal-mart because of the inflexible hours.
  • I asked the department head what 4 days she wants me there and accommodated her. (bonus-I will have Friday nights off even if I work at my other job a full shift)
  • Gathered information and started the process to change my schedule. I will attempt to keep full-time status at Wal-mart and continue with the process of finalizing it.
  • Backup income-I totaled what I make in one shift at Wal-mart and can earn that with the additional of one additioanl shift at my other job. I can decide week by week what hours I will work at the other job.
  • Bob and I will continue to develop our project.
  • I will work to build my writing services.