March 3rd, 2010
wow, i did not realize how long it has been since i last did a proper update on how the project is going. November was the last monthly update that i shared, and am quite disappointed i did not remember to make some updates over Christmas and the New Year. As I have money in the account which i cannot specifically pin point how it came to be in the project. I think it was from selling some things. But i will probably remember sooner or later.
Anyway the last point that i was at with the money in the project was $235.46. Which was not a bad point yes it may have taken some time to get there but in the end I did get there. Today however I have some really good news for the project. In the month of February I have been able to add some money to the project which is a good move forward. In fact the total for February was $210.86. Which not only gets Step 13 Complete, it also puts me at the grand total of $446.32 which is just a small step to completing step 14. Or just $53.68 away from completion.
Anyway i suppose i should really share just how i made it to this point so far or at least share the bit of February anyway. The best thing so far is the interest which i am gaining, for February this was a total of 76cents, and is only something that is going to increase as time goes on. It may seem like a small amount at the moment, however compound interest and interest on money in general is quite a good way to earn consistent steady money, even if it is not a lot, however i do expect this to about double in March, with the extra money that will be in the account.
The biggest boost for the project though came from receiving some money for the consignment items that I had though, this accounted for $200 of the income for the project and i am expecting to see a good bit more to come just not sure on when or how much exactly at this point, but should time will tell. Another $10 also came from selling a couple of cables that i had lying around, good to get rid of little things.Finally the other 10 cents came from finding 2 five cent coins. Finding coins is still part of the project however it is not i think definitely a smaller part of the project, notes found may still be a good addition, and is still something i will watch out for it is going to be far from an important part of the project, especially considering the next step is $500-$1000, even $2 coins would take at least 250 coins to get there.
Anyway that is where i am at with the project now, and i look forward to having some more news soon about the project or would love to hear about your own project like this, and how you are going building your income for the project. I think the next focus that i am going to have to look at is how to get more consistent income instead of one off and trickle’s. That is a story for another though.


