Tuesday, August 16, 2011

Hopes, Dreams and Bacon...

So I'm going to be 40 soon.  Well, in about 6 months anyway which really is soon enough.  Too soon if you ask me.  But then again, I can't stop it so I might as well just go with it the best I can.

Turning 30 didn't bother me at all.  I was actually glad to see it.  My 20's were so oddly trivial that I was happy to see them close.  Your 30's are still young because throughout the majority of it, you still look like you are in your 20's.  But if you are lucky, you are wiser.  If you aren't lucky, then you are screwed.

I said that my 30's were going to be the most exciting decade of my life and for the most part, I was correct.  I am guilty of doing some unbelievable things and sometimes teetering on the edge between a responsible adult life and spoiled, indulgent brattiness.  That decade is soon coming to an end.  Since I am a planner type of person, I had to sit down and ask myslef... what's next?  It drives me crazy not to have any direction.

There's not a thing wrong with being a goal oriented person, at least I hope not.  Your hopes and dreams are what makes up a large part of who you are.  But over the past year, I've lost sight of those hopes and dreams.  There was no direction.  No planning for the future.  No plan B, or even a plan A for that matter.  It was all living in the moment and living in the moment kills me because I have no sense of direction.  Where am I going from here and what am I supposed to look forward to?  With no direction it is just an ever looping life of spinning the wheels and staying in the same spot.

I had a conversation with my mother not too long ago about what I was planning to do in my 40's.  And I told her this: My 30's were my decade of indulgence.  My 40's will be my decade of responsibility and wealth building.  And I meant it.

So what's my plan?  Well, the preliminary, short version looks something like this:

Long Term from Here on Out:

Continue to build residual income with writing on HubPages and Associated Content.  My goal is one article per day but I have been slipping quite often with doing that.

2011, from Here on Out:

I have two job interviews today and will hopefully have another one later this week.  Yes, I'm going back to work outside the house.  I need the steady income for a solid platform to build on.  Everything that I do now is unreliable and it's hard to plan when you don't know exactly what you have to work with.

Continue to write for the online content mills that I currently write for.  Continue doing the online sales and the flea markets in the warmer months of the year.

Start investing money where it will actually make money.  I've been doing some research and know where I want to put the pennies, I just haven't done it yet.

Start paying down more of the old debt that is still hanging over my head.


No matter what, get my butt back into school in January.  If it takes longer to finish it, so be it.  I'm going to be there no matter what.  I've waited long enough for this one and should have done it a long time ago.  Yes, I'm kicking myself for this.  There is no such thing as a wasted education.

At the beginning of 2012, start the renovation on the basement for the one bedroom apartment.  The numbers suggest that it can be done for around $1,500.00 so I'll plan on $2,500.00 because renovation numbers are always wrong.  The bedroom down there is amazing with a working fireplace so it shouldn't be hard to rent once it is finished.  The hard part will be finding the right tenant for it once it is completed.

At the end of 2012 (unless it is feasible before then), purchase (in cash) another home for renovation to be a rental/contract home sale income source.  I've had a plan laid out for years on how to build on this by purchasing one property each year for renovation and either renting them out or selling them on contract.

At the end of 2012, hopefully the residual monthly income from online writing will start to make a difference.  That money along with the rental incomes will be added to the regular house payment amount.  I want this house to be paid off by the end of 2017.  It's possible when I work the numbers but it will entail a LOT of work.  But I'll be 45 with no house payment at all, anywhere and I kinda like that.

The plan stops here for the moment because it's difficult to forecast what the economy is going to look like in 2013 and up to this point, the economy dictates the feasibility of part of the plan along with the timeline.

It's going to be hard work, but I like hard work.  I eat it for breakfast with a side of bacon and peach flavored yogurt.  Yes, bacon does go with yogurt.  It really does, because unlike me, bacon goes with everything.

Happy Tuesday!




  1. Sounds like quite the plan good luck, I plan ahead for the most part, but still in the lazy 20's so not overly worried about it, annoyed may be a better word..haha

  2. Lanie,

    From what I can tell from the over 40 fence looking at your plan, is that it looks good. There are a lot of jealous people over here snikering that you will never do it. I just punched them in the face :-)

    Do you watch HGTV's Income Property? It is a guy who renovates an income property for a couple wanting to start being a landlord. It is a good show.

    Chris :-)

  3. Definitely get back into school woman...You're the one that gave me the idea in the 1st place...Thanks for that by the way - best decision I could have made...Start my 1st MORT class tomorrow morning...we'll see how it goes...GOOD LUCK on all of your plans - if anyone can do it you can!


Say want you want but be nice or be gone. :)