Saturday, February 2, 2008

As I mentionned before I listened to the audio version of, The Millionaire Mindset and I'm really trying to follow the action items.

I decided that my Paypal account would be my "Financial Freedom" account and I deposited $150 into it (1st of the month makes remembering easy) and then I'm going to use one credit card for my "Play" purchases and that way I can see that they total $150 each month. I figure if I have to use my Paypal account for something not related to financial freedom, well then I'll just do another transfer from the bank account to cover that. And Paypal pays some minimal interest as well, so that makes it a good account to use.

Meanwhile I counted up my total net worth -- $184,000 -- but it's all in 401K (tax-deferred) saving acount. Not really quite the same as a regular account, but better than nothing. Other than that, the equity in my home is almost exactly equal to the short-term loans I have -- credit cards, student loan, etc.

On the up side I came up with a business, money-making idea today that I think has very real possibilities. Not a get-rich-quick scheme, but something that I'm good at doing, that a lot of people might be willing to pay for.

And that's all the news today, just touching base, reminding you and me both that I'm committed to making good on my New Year's Resolutions for 2008.

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