In 2003, I started Consumerism Commentary to teach myself more about personal finance and to track my progress as I strove to be financially secure. This was already a few years after my personal “rock bottom.” At the turn of the century, after a few years of letting my net worth as well as other aspects of my life decline, I realized I needed to turn everything around. From a financial standpoint, I attacked the problem from two sides: cutting back my expenses and figuring out how to earn more income, while at the same time, evaluating the other main decisions I’ve made with my life.
Almost eight years later, I’m still publicly reporting my financial progress on a monthly basis.
In April, I traveled with my girlfriend to visit family in California. From a business perspective, I was able to relax and not do as much as work as normal while allowing a number of guest authors to contribute the bulk of content on Consumerism Commentary for the week. In reality, I was still hard at work, spending several hours a day working on issues behind the scenes. Towards the end of the month, I also moved Consumerism Commentary to a new web hosting service. The improvements won’t be noticeable to everyone, but the improvements will be very significant behind the scenes. For those interested in the technical details, I switched from dedicated virtual hosting at MediaTemple to dedicated virtual cloud hosting at Amazon.
From an expense perspective, my vacation-related expenses were higher this month, as well as expenses related to birthdays. My girlfriend’s birthday was last week, and I treated her to entertainment and dining in Manhattan, as well as some other gifts.
On the income side of the equation, I have nothing to say but good things. I don’t share the gory details of the income I earn from my projects here, but there is no doubt that leaving my day job to focus full-time on my own business was the right choice and that I should have made the jump sooner. It might be slightly coincidental; there are market forces at play as well, in addition to some aspects of the internet that are beyond my control. Keeping this in mind, I am remaining cautious about the future.
Here are the numbers, subject to change as more information becomes available, followed by some comments. Read the full article →
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Best of Consumerism Commentary, January 2010
by FlexoWrapping up the first month of the year, I’m not quite convinced I’m on the right track yet. I spent most of this month without much time for myself. I suppose it’s a good thing I’m not responsible for any other person than myself. On the other hand, January was a great month for Consumerism ... Continue reading this article…