September 24, 2008
I got myself something to eat and was channel hopping as usual and between the election stuff was a lot of doom and gloom over with one financial crisis after another. I can’t hep but wonder how this will affect internet income. My writing business is doing very well, but my other ventures are just sprouting up.
With the recent government buyout, more people are becoming concerned. Over at Wickedfire there was a break taken from the usual party atmosphere over there and this thread, US Gov’t Bailout of Banks, got started. The thread has some enlightening information and informative links.
Wickedfire’s creator had a post back in March of this year, A Recession is Great for Internet Marketing and Internet Advertising Industry.
So what does someone like me who has a limited knowledge of things, think? I believe that there will be some who will bail out of the internet in fear, unsatisfied with the income that is coming in. That space will be quickly snatched up by those who are creative and looking for new ways to bring in some bucks. Sites will need to be relevant today and when things turn back around. It may be awhile, but they will eventually.
An example: Real Estate
- Poor economy-foreclosure and bankruptcy related pages
- Sales down or stopped-rental and rent to own related pages
- Good economy-how to invest in real estate pages
- Housing market boom-house buying related pages
All economic times are covered in the same site!
August 29, 2008
I checked with HR at Wal-Mart to find out what changes occur when I go from full-time to part-time. The main change is that I will not have sick pay and my vacation pay will accrue at a slower rate. When I get closer to going part-time I will find out exactly what I would’ve had for sick and vacation pay. Before I go part-time, I will make sure that I have that equivalent in savings.
At some point, I will figure out what I want my “benefits” to be as a self-employed woman on her way to financial freedom from passive income. I will have my benfits equivalent in its own savings account. My self-employment income goals will not include my benifit package (savings).
For now I’m very happy and excited to have more than the hours I’m cutting back at Wal-Mart covered with the income I’m getting from writing. I’m also looking forward to having more time to write which will increase my self-employment income. With just the work I have now, I’m under my earning potential due to not enough time available.
I can’t work on savings right now due to I’m in desperate need of the income, but that will pass. By the beginning of the year I plan to have one part-time job and writing full-time! By my birthday I plan to have my self-employment benefits package in savings.
August 27, 2008
Organizing has been a priority lately as more writing jobs are coming in. I wrote a post on this Wickefire thread, How do you stay organized? There are some other posts on it with good information also.
I have today and tomorrow off from one of my wage earning jobs. Tomorrow is busy with some appt and my second job. Today is time with my daughter and one meeting at church. I hope to catch up on writing jobs and writing for my own projects. I can hardly wait until Saturday when my hours will be reduced at Wal-mart! I’ve been feeling a little overwhelmed lately, but at the same time excited as my Jan’s Writing Services is growing! 