Every week I read dozens of articles. Some of them are absolute crap, but others of them can be quite eye-opening! Don’t worry, I share only the awesome ones with you. Browse the articles below, but be sure to come back and look at my site progress from the past 10 weeks. It should be interesting to say the least. Enjoy!
Top 5 Articles of the Week
Last week was a good one for articles. I easily found five articles that I enjoyed and would love for you to read as well. Increase your learning and take a look!
How to Make Six Figures a Year and Still Not Feel Rich – $200,000 Income Edition – by Financial Samurai – Even after reading this article, I still think this is pretty ridiculous. I earn nowhere near $200,000 a year, but I can very comfortably live on about 20% of my income. It’s all about clearing out the debt and living frugally so that you can live freely and inexpensively. If I earned $200k a year at this point, I could probably retire comfortably in three years. What are your thoughts?
The Young Urban Investor’s eBook : An Interview with Candice Marie – by The College Investor – This post increased my passion for young adults – to teach them about what’s possible to achieve, even at a young age. Fortunately, Candice got the message early and began investing in her young 20’s. Now, after taking action on her investments for the past eight or nine years, she is much better off than the typical person her age. This is a great interview and will likely inspire you to tell someone about what’s possible as well!
What Good is Money, Anyway? – by Retire by 40 – This post was written by Melanie, a woman that hardly thought about money when she was younger – mostly because she worked closely with those that were in poverty and barely making it in this world. Saving thousands of dollars just didn’t seem like a priority for her at the time. However, today she realizes what a large savings account and investments can really do. The most important result of money for me is ‘choices’. I don’t want to be trapped in a job that I dislike or that goes against my beliefs because I am struggling financially. Instead, I’d rather have some money stocked up so that I can either work at the company of my choice or choose to work for myself! Choices are invaluable to me. What about you?
The Magic of Compounding – Get Rich While You Sleep – by Barbara Friedberg – This is a great reminder of compound interest and how money grows more quickly as it continually compounds on itself. I have also recently heard it described as, “Your first $100,000 is the hardest” because after that, interest is very much on your side and gets you to $200,000 much faster than what it took to get to $100,000. Then $300k comes like lightening, and the compound interest just continues to take off.
One Thing You Must Do If You’re a Family CEO – by The Family CEO – Yup, this post makes total sense. If you have some assets and plan to leave them to someone in the event of your passing, then you need to have all of your documents in one place. As an example, I own a house, have a 401k, have life insurance, and I own a car (among other things). If I would die tomorrow, I wouldn’t want my family to struggle in finding each document that they would need in order to receive my assets. Create a legacy drawer with documents that outline your assets and liabilities and where each of the documents can be found.
I hope you enjoyed these great articles from this past week! Now it’s time to journey into my life here on this blog. How am I doing with my goals after Week #10? Let’s find out!
My Goal Progress After Week #10
My goals are to, by the end of the year:
- Increase my visitors from 7,915 a month to 15,000
- Increase my Facebook followers from 534 to 1,000
- Increase my Twitter followers from 1,776 to 3,000
- Increase my subscribers from 1,088 to 2,000
I have to admit that I didn’t really hit my site all that hard this week. I was busy with work, exercise, and writing articles for other sites. And, it is pretty evident (at least on the social media front) that I didn’t put in the work this week. Anywho…let’s take a look at these numbers anyway….
Monthly Visitor Numbers
Thankfully, these numbers continue to tick up. I guess that’s what happens when you write quality content four times a week and focus on solid SEO practices! Also, my awesome staff writer Jenna wrote an article that got picked up by RockStarFinance! Be sure to have a read for yourself. It was a good one: Your Biggest Financial Asset is Not What You Might Think.
It has been a while since I broke the 12,000 number and it definitely feels good! The official number of visitors in the last 30 days is 12,134. BOOM!!
Some more good news – my subscriber numbers continue to tick up as well! This is not due to any specific action of mine – just writing quality articles and getting picked up by various blogs along the way. The current subscriber number is 1,116. Pretty solid, but I have to get to 2,000 by the end of the year! Yikes!!
I was hoping to break 2,000 followers this week, but it has flown by so fast that I really wasn’t able to pay that much attention to growing the numbers! From my lack of work in this category, my Twitter numbers have only increased by 12 followers since last week. Sure, it’s an improvement, but it isn’t nearly as speedy as it needs to be at this point. My current Twitter followers = 1,973.
The thorn in my side called, “Facebook friend numbers”, has grown into an entire brier bush. For the first week ever, my friend count has actually gone down. Last week was 573 and this week was 572. I still have yet to look into how to grow these numbers and I’m honestly not sure I’ll have time to do it this week. Quality writing comes first, then subscribers, and then Twitter and Facebook numbers – that’s the order of importance. Stay tuned on this one.
I realized this past week that I need to be more efficient and intentional with my website work. It used to be that I had enough time in each day to do whatever I pleased and then could randomly write an article here and there. Now that my free time is getting a little tighter (with my girlfriend and contracted writing for other sites), I really need to develop a schedule to write those articles, respond to comments, respond to emails, and to work on site improvements as well. With a better schedule I should be able to keep the quality of my articles up, but be a little less hectic with my time. And, perhaps I can finally put up that eBook for new subscribers! 😉
What do you think about my progress and my desire to become more efficient?
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.