The last few weeks…

admin — Sun, 28 Dec 2008 02:42:48 +0000

No, I haven’t fallen off the face of the earth… A few weeks ago the unthinkable happened, a coworker got laid off in our department. I was almost 100% certain the IT dept was immune to layoffs due to the large number of high profile projects we have going on right now. I was wrong..

Back in the ’90s I was laid off, and completely unprepared for it. End result, I was unemployed for over a year, and with no savings, ended up in absolute financial ruin. I vowed I would never let myself get into that situation again.

Well, fast forward to 2008 and I find myself without savings and heavily in debt, a layoff now would be absolutely catastrophic for me.

So, I had to take drastic steps these last few weeks to at least prepare as best I can in case I get laid off. I spent the last few weeks pumping out article after article on ehow, which is, in my opinion, the absolute best way to earn money now, and build a passive income stream for the future.

I managed to push out almost 30 articles the last few weeks, and my daily income went from about 15 cents to almost $3 a day. I’ll get a payout next month of about $30 bucks, and I expect to end next month in the $100 dollar range.

By my estimate, I need to get my article income to about $400 a month to be able to pay my bills (earnings + unemployment), I figure, with maximum effort I should be able to hit that mark by March.

So, to sum up, my immediate goal is to get my article earnings into the $400 dollar range, then, I can concentrate on other income streams.

Needless to say there is no budget for December, I am trying to spend an absolute minimum on everything without exception, i’ll do the same for January and February in an attempt to get some credit cards paid off.

Once, the dust settles so to speak I can continue forward with my ultimate goal, which is to be debt free ASAP while building many passive income streams.

Possibly Related Posts:

The Cheap Bastid» lay off

The last few weeks…