Do you realize how many personal finance articles are written each week? There have to be thousands, maybe even hundreds of thousands. It seems like every person that is paying down debt today (which is pretty much everyone) has their own blog and is journaling about their experience. Needless to say, this puts a lot of opinions on the web, but a very small percentage of those opinions are accurate and exhibit quality (and entertaining) writing.
Best PF Articles from Last Week
Each week, I weed through all of the bad stuff and come up with 4-5 articles that I absolutely loved and that I think can help you out in your journey to wealth. Check out the articles from last week!
5 Secret Habits of Self-Made Millionaires – by Credit.com – I absolutely loved this article and was happy to note that my actions should be getting me to millionaire status! The biggest two of the five (in my opinion) are (1) creating multiple streams of income and (2) avoiding time wasters like TV.
7.1 Steps to Create Multiple Streams of Income – by Entrepreneur – Multiple streams of income are important. Broke people often only have one, and when that dries up, they’re in some serious trouble. The rich often have three or more sources of income and depend on a very small percentage of what that income generates. If one dries up, they just build another one with the earnings that are still coming in. Learn how to effectively build multiple income streams with this solid article from a master entrepreneur.
7 Gifts For New College Grads to Make Them Smarter About Money – by Next Avenue – I worry about college grads a lot. Their debt is higher than it’s ever been (the student debt load is up to $33,000 now), the competition for a new job is stiff, and many of them know absolutely nothing about personal finance! This list is spot on. I might even plan to start giving these gifts at graduation parties from here on out.
This Is The Best Time to Quit Paying for TV, and It’s Only Going to Get Better – by Yahoo! Finance – Paying $100 a month for cable is on its way out (thank goodness). There are so many other options that are becoming available, and at a cheaper price. Personally, I’m good with my antenna and Netflix, which totals $8 a month in subscription costs.
What’s My Frugality Salary? – by Frugal Fringe – It might take you a bit to catch onto the calculation, but after a few minutes it will make total sense. Basically, how much money can you save within a small amount of time? The more you can save in the shorter amount of time, the more you essentially “earn” per hour. It’s a great way to measure if your actions are really making a difference in your personal finances.
Goals Update – Week #23
Oh boy, here comes the mid-way point. After just a few more weeks, I’ll be staring at the end of June, and based on these numbers, I’ll likely have to kick it in gear to hit each one of these goals. Let’s see where I stand today.
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
While I knew the spike in numbers wouldn’t hold (since it was from a single article that went wild for a few days), it still is a little depressing to see my numbers take such a hit. In the last 30 days, 12,492 people have visited my site. Ouch. This should really be the absolute low though. I expect the numbers to move up from here. If I keep writing the quality articles that I’ve been putting on display each week, then I think I’ll be alright.
My subscriber numbers aren’t amazing, but they’re pretty good. As of yesterday, I had 1,217 subscribers. It’s a far cry from my 2,000 subscriber goal, but it’s still progress from the beginning of the year!
I have continued to post personal finance quotes and inspirational messages on my Facebook page, and my friends continue to go up! As of right now, I have 645 Facebook friends. Pretty solid.
I admit that I took my foot off the pedal a little bit when it comes to Twitter followers, but I am still making progress. I currently have 2,212 Twitter fans and climbing. Watch out number 3,000. I’m coming!
Summary of Goal Progress
So yeah…I’m losing a little steam with these goals. I haven’t taken my foot off the pedal when it comes to quality content, but I can’t say that I’m pushing each one of these categories like I was when the year started. I have plenty of ideas that will get this site going, but I don’t necessarily have the time! I’ll find it though. Don’t worry. Stay tuned for my future success!
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.