The Dog Ate My Wallet

The Dog Ate My Wallet

Personal Finance in a World of Excuses

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Something to Tide You Over

Tomorrow I’m participating in First Gen American’s Coffee Talk, so I didn’t want to do a big post tonight. Instead, I’m stealing an idea from the brilliant Jana at Daily Money $hot and posting a “money tune”. Not only is this song about money, this is a video done by one my absolute favorite local bands, the BOWI Band.

The moral of the story is- don’t believe the coal board (or your bosses) when they say you’ll get a pound a week rise if the output meets a certain point (ie you’ll get your raise when metrics are met). If you’re not getting fair pay now, what makes you think you’ll get fair pay later? Remember to negotiate first! (Okay, that may not be the moral of the story, but it’s still good advice.)

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Sunday Evening Post #28

Day

Amount

Place

Category

Tuesday

$46.12

Gas

Car

Thursday

$42.20

Seafood City

Groceries

$19.38

Dinner

Eating Out

$5.92

Petsmart

Pets

Saturday

~$45.00

Safeway

Groceries

Sunday

$19.56

Safeway

Groceries

$30.61

Mud Bay

Pets

Finally, down to under $200 spent this week. I’m not certain about how much I spend on Saturday because I seem to have lost the receipt and the debit hasn’t posted online yet, but I’m pretty certain I estimated high.

It’s been a nice, calm week for us. On Friday we got our first foster dog, a beautiful older Beagle mix named Howie, so we’ve had a couple of pet expenses we otherwise wouldn’t have had- an extra food bowl, a new harness for walking.

Meet Howie

But that’s pretty much it for this week. Next week spending will shoot up again as tomorrow we have a service appointment for the car, and they are never inexpensive (the only drawback to our diesel engine).

 

Bloggers Give Back update: Well, most days I clicked over on every button at the Greater Good Network and on FreeKibble and FreeKibbleKat, but I did not do anything via Sparked. And we didn’t get our foster dog until February, so he doesn’t count for January. So January was mostly a fail.

 

I have six goals for 2012. As part of the Sunday evening posts, I am tracking those goals, kind of like I do for spending, in order to hold myself accountable.

1)      Be paid for publishing one piece of fiction

Submissions so far: 2

Responses: 1 rejection (this was for a contest. Almost 240 entries, only 10 chosen)

2)      Make money publishing my next art/fiction book

I haven’t contacted the artist I plan to work with because of the weather. Nor have I started compiling the pet pictures I want for a book. Hopefully I’ll have time to work on it this week. (This hasn’t changed since last week.)

3)      Attend FinCon12. Pay for the trip with money from allowance/side projects saved/earned BEFORE the conference starts. Goal: $600

Still no accurate number.

4)      Become a member of Yakezie (6 month anniversary is Jan 21)

The application for Delta class is up. I looked over it and realized I needed 10 Challenger recommendations and 20 Member recommendations. By my count, I’ve established relationships with 16 members. 10 days is not enough time to establish relationships with 4 more bloggers, so I will wait until the next class.

Still, that will be in about 6 months or so, so it will still happen this year.

5)      Make money from my blogs.

AdSense earnings: $18 (They won’t send me any money until I hit $100)

6)      Be healthier

We did pretty good this week on food, other than Thursday night when we had take out teriyaki. We even did dim sum for the Super Bowl, so while there were a few chips, it was overall pretty healthy.

We went to the dog park two times and walked the dogs once. The weather is getting better, so hopefully there will be more of each.

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What I’m Reading: #Yakezie Team 2 edition

I love the teams over at Yakezie. I am now on my 4th (maybe 5th) team. Each time, I get a whole bunch of great new blogs to read and bloggers to interact with. Special thank you to Suba who sets this up, and who is, for the first time, a member of my team this time round. Yay!

In fact, with one exception, every blog on my team this January is new to me. The exception is Dr. Dean, and let me tell you, I’m not complaining. I’d still be reading his blog anyway.

So on to today’s Yakezie Team #2 Round-Up

 

From Dr. Dean at the Millionaire Nurse Blog, a topic none of us want to think about, but I can tell you from personal experience is huge- Disability: Nothing to Quack About!

Super Frugalette says they have 1.2 cars! How does that happen?

Money Green Life must have been to his dentist recently, because he warns us about Money Fail #5- Prevent Oral Cancer.

Everyone’s talking about the FaceBook IPO, and for Funancials, his favorite article of the week was about how a graffiti artist is getting close to 200 million for painting FB’s offices.

I’ve been tracking our spending for years longer than I’ve been doing anything with the information, but American Debt Project just tracked every penny they spent for an entire month, and doesn’t want to do it again.

I consolidated my undergrad student loans, but my graduate loans remain separate. Smart Family Finance tells us why consolidating our student loans isn’t always a good idea.

Over at Wealth Informatics, Suba is investigating the changes in the retail environment and presents a shopping in the not so distant future scenario- Do you think this is possible?

We often hear about CEOs and other big shots at big companies getting major bonuses. And every once in a while, when the economy is bad, we hear about them not taking those bonuses, and we think to ourselves darn right they shouldn’t take it. But have you ever asked yourself- Could I say “no” to 2 million dollars? The Money Principle does, and came up with an interesting answer.

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We’re an Episode of Hoarders Waiting to Happen

You may think I’m kidding. But I am married to a pack rat, and I hate to clean. While I do fairly well at keeping my closet trimmed down, papers pile up everywhere. When it’s time to clean off our dining room table or living room shelves because people are coming over, I do a quick look through of paperwork to decide what can be recycled right now, but anything I’m iffy on gets put with the must save paperwork and then goes to live in a pile in the “office”.

The “office” also happens to be our guest room (and my closet). So when we have people coming to stay, I need to pick up enough so there’s a flat space for them to put their things, and I certainly don’t want all of our financial paperwork out and about. Do I go through it then and shred what needs to be shredded? We bought a shredder and it’s right there in the office. But no. It gets stuffed in a shoe box or some other place and put in the top of the closet or in other storage spots.

That room is really a catchall for everything I don’t want to find a place for, but that we want upstairs for easy access. (You don’t even want to know about my basement which has the remnants of the store inventory from the hobby store C and former roommate E owned back in the 1990s, as well as other stuff E collected before he moved out of state, that C did not want to seen thrown away. We also have all of our holiday decorations down there, as well as things my parents stored for me from the time I was a baby, and the majority of the contents of my MIL’s old 2 bedroom condo. And 2 mattresses and a box springs. And a rolling white board. And a couple glass display cases. We did get rid of the giant robot hand a few years ago, but still, the basement is a no-go.)

The back of the Giant Robot Hand (lest you think I was joking)

Due to some upcoming changes, I really, really need to get the office turned more into a bedroom. That is going to require me to DECLUTTER. And I mean seriously. I know that if I tackle it all at once, I’ll get tired and start stuffing things away again. So I have a goal to do just a little bit each day. To start with putting my laundry away so the bed is clear, then move everything that’s on the desk to the bed (except the computer) and go through that. Just little pieces at a time.

 

Why is this on my financial blog? You have no idea how much financial paperwork is in that office- not just ours, but the MIL’s, too. We need a better filing system for it. In fact, we should consider investing in a nice locking filing cabinet- one that could maybe work as an end table in our room, instead of the guest room.

I need to decide how far back I need to keep documents and what can be shredded.

 

I also have 10+ years of critique notes in there (dating back to when I started my writing courses). I need to decide what I’m doing with those. I don’t have time to read through every one. I think my goal there is to throw out notes from pieces that are completed or permanently abandoned. (Over 5+ years into my first novel, I realized there really wasn’t enough of a plot there.)

 

The problem comes back to the fact that I hate to clean. I always have. (This drives my mother crazy to no end. She has no idea how I could be here daughter.) If my mom weren’t retiring this coming spring and therefore saving her money and her vacation days for a nice payout when she leaves, I’d invite her up for a weekend to help me. But that’s not going to happen this year. I have to learn to clean on my own.

The sad part is, I really like having a clean house. I love how clean my house is right before guests show up at the holidays. I like the sense of control and accomplishment cleaning gives me. And yet, I don’t like those things enough to overcome my inherent laziness or my dislike of the cleaning itself.

But this time I have a pretty big reason for wanting to clean the room. It’s not quite ready to be shared yet, but I am hoping it gives me the motivation I need to overcome my world of excuses.

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The Cult of the Dream Job

This is, in the words of Sam from Financial Samurai, a whale post. I usually try to break essays like this into two posts, but I think this one works best as a single piece. It was, appropriately enough, inspired by Sam’s own whale post- a guest post over at Untemplater called Quit Your Job and Die Alone, which is about looking honestly at revenue vs profits when making the decision to quit your day job to live the dream job.

 

My Background

When I started college, my plan was to become a high school math teacher. That ended after I got a D the second time I took Calculus II. And that’s fine. I don’t think I would have liked being a teacher. My major switched to History with a minor in English. I didn’t decide until my final (6th) year of college whether that would be English Lit or Writing. I chose writing.

I had two plans for when I graduated. The first was to go on and get a Masters in Museum Studies. (My college offered a minor in Museum Studies, but I would not have been able to meet it’s requirements and still kept my day job, and paying the bills won out over my perfect minor.) I researched which colleges offered the Masters program- there weren’t many, and narrowed down the options of where I wanted to go.

My plan, because I knew my overall GPA would not be stellar, was to move to the area I wanted to go to school, get a job, volunteer as a docent at a local museum, establish residency (in the cases where I was looking at state schools), and generally find ways to get the schools to consider me despite my less than stellar undergrad GPA.

Then, in my last semester of school, I considered joining the Peace Corps. I more than considered it. I completed the application and the interviews. I was basically waiting on them to give me an assignment, and I dropped out. I dropped out because I realized that I felt like my life was on hold until after I got back for the Peace Corps.

If I had felt like my life was on hold until I got my assignment, that would have been one thing. But instead I felt like I was on hold until after completing my two years. That wasn’t the right attitude to go in with, and I knew it. So, I withdrew myself from consideration.

At the time, C and I were having some relationship issues (that would have made leaving easier, actually), but we worked them out. We had a number of friends who were relocating to the Seattle area. The University of Washington was one of the less than 10 schools in the country to offer a Masters in Museum Studies.

We moved toSeattle. I got a job. I changed my driver’s license right away to help establish residency. I decided that it would be good to get myself back in the habit of taking classes again before applying for a masters program, and it would also then give me a teacher recommendation based on my current work ethic, not my tumultuous undergrad years. (Which were only two years prior.)

UW has an extension program that offers certificate courses to anyone who already has a Bachelor’s degree. But they don’t offer any in Museum Studies. Since I loved writing and had minored in it, I decided to take a writing course. I took two years worth of writing certificate courses from UW.

During those two years, C and I got engaged, bought a house (50 miles away), got a second dog, and got married. I left the program thinking I still wanted a Masters degree, but now I was thinking MFA.

 

Paying the Bills

While we lived in Reno, I spent three years as a medical receptionist. When we moved to Seattle, I decided I would never do that again. But while in my second year of certificate courses, I realized that I wasn’t being paid what I felt I was worth, and that there wasn’t really room for me to advance at the company I was with. I started looking. For months I would not even look at the jobs with healthcare companies. But while I was getting interviews, nothing was paying that much more than what I was making. I was not finding the jobs I was looking for.

I gave in and started looking at administrative jobs in healthcare. I decided it would be fine as long as I no longer had to do the intensive customer service I had had to do as a medical receptionist.

I got a job. I was now making enough money that C and I could afford to buy a house closer in (no more 50 mile each way commute). Less than a year after I started, we had a new house, and I got a promotion.

I was doing a combination of administrative and analytical work. I was in charge of the budget for everyone reporting up through an executive director. I liked my boss. I liked my company. I liked the work I was doing and the overall work my company did. And I was getting paid a decent amount of money.

 

Two years after completing the second of my certificate programs, I was back in school earning a Master’s degree. But it was not in Museum Studies or Fine Arts. I was getting an MBA.

 

My Dreams

Let me be honest. My dream job would still be as a museum curator who write best selling novels in her spare time. But that is the dream job. It is not my overall life dream.

I have regrets (not major ones, I am very happy with my life) about not going in to the Peace Corps. I dream of C and I being able to take 2 years at some point and go together (this is not uncommon).

C and I have a passion for animals. Our retirement goal is to buy a large piece of land and to run our own no kill animal rescue.

I want to write a novel, have it published (by a publisher, not self), but not have to worry about whether it is a best seller or not.

Those are the dreams.

 

My Decisions

When I decided to go back to school for my Master’s, I had to make a decision. I could get the degree that would put me on the path to my dream job of museum curator. I could get the degree that would lend me “cred” as a writer. Or I could get the degree that would help me in my current field- a field I liked and was good at –that would pay me enough that I could work toward the other dreams.

Let’s say that again. I could get the degree for the dream job, or I could get the degree that would help me live my dreams. And for me, there really was a difference.

I like my job. I am good at my job. I am well paid for doing my job. I intend to stay in healthcare for my entire working career, though perhaps not with my current company. (I would like to move to a major global health organization.) It is not my dream job. But that’s okay. Work does not have to be the dream.

We are working toward other dreams.

When we bought the house “in town”, I got back in touch with my writing critique group from my classes. We’ve been meeting every other week for almost 7 years now. Some people have completed novels, some have been published. I have been a little to wish-washy, but I am now sending my short stories to publishers and am over half way through writing a novella (the opening chapters of which will be critiqued at a major conference in April).

This coming weekend, C and I hope to welcome our first foster dog from one of the private rescues in our area.

C is back in school and will hopefully have his own Master’s degree in 3.5 years.

We live comfortably on my income, so when he starts working again, every penny he makes will be able to go toward retirement, being able to take 2 years and serve in the Peace Corps, buying land and building the necessary buildings for running our dog rescue.

Maybe some day we will even go volunteer at an archeological dig, or I may volunteer as a docent at a local museum.

 

Dream Job vs Dream Life

From the time we are young, we are told “find a job you love and you’ll never work a day in your life.” I don’t believe that. No matter how much you love your job, there will always be duties and tasks you do not like. There will always be days you work.

I am tired of the cult of the dream job. We can not all work at our dream jobs- whether it is because it is an incredibly small field (like museum curator) or because it is no one’s dream job to be a grocery clerk, but someone still needs to be.

I am not saying people should not have dream jobs, that they should not work toward them. We need people with passion for what they do. We want to live in a world that has museums and writers and game designers.

What I am saying is that the dream job should not be our only dream. Not getting the dream job should not mean the end of our dreams. Our job, dream or not, is just one aspect of our lives. I’m at work 45 hours a week. I sleep 42 hours a week. That still leaves me with another 81 hours a week. Where is the dream more important to me? For 45 hours or 81?

My goal is to make my life into my dreams come true. My job is one aspect, one tool, to accomplish that.

So next time you are considering a job change for any reason, I want you to ask yourself one question, and it is not “Is this my dream job?”. Ask yourself instead “Will this job help me make my dreams come true?”

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Sunday Evening Post #27

Day

Amount

Place

Category

Monday

$274.85

Plumber

House

Tuesday

$7.69

Lunch

Groceries

Wednesday

$10.98

Lunch

Eating Out

$14.24

Papa Murphys

Eating Out

$111.75

FinCon12

Allowance

Thursday

$21.79

Gas

Car

$500.00

Ins Deductible

Car

Friday

$29.60

Old Spaghetti Factory

Eating Out

$7.64

Half Price Books

Allowance

$30.43

Target

School

Saturday

$28.01

Target

Allowance

$35.53

Bed Bath & Beyond

House

Sunday

$5.00

Starbucks

Allowance

$30

Gas

Car

77.18

CostCo

Groceries

$25.00

Gift

Allowance

Over $1,200 in spending this week. Granted, the $500 of our insurance deductible will be refunded by the other insurance company, so that makes things a little better. And the plumbing bill comes out of the house fund- yay for having a shower that drains again. So that takes us to under $450 in regular spending. That makes me feel better, even if there was a lot of discretionary spending (eating out and allowance).

I had a rough week at work with a major project dumped on me last minute, combined with some continuing medical issues with the MIL, so I know why we spent that way. It was emotional spending pure and simple. And sometimes, I just have to say that’s ok and actually be ok with it. Our grocery spending for the month was way down, so we didn’t go over total budget or anything like that.

I also bought my ticket to FinCon12. I need that to look forward to right now.

 

I have six goals for 2012. As part of the Sunday evening posts, I am tracking those goals, kind of like I do for spending, in order to hold myself accountable.

1)      Be paid for publishing one piece of fiction

Submissions so far: 2

Responses: expected by Feb 14

2)      Make money publishing my next art/fiction book

I haven’t contacted the artist I plan to work with because of the weather. Nor have I started compiling the pet pictures I want for a book. Hopefully I’ll have time to work on it this week. (This hasn’t changed since last week. The last minute work project had me working overtime and work and from home this week.)

3)      Attend FinCon12. Pay for the trip with money from allowance/side projects saved/earned BEFORE the conference starts. Goal: $600

I don’t know that I can give an accurate number this week. I’m in the hole to myself. But I’ve also already bought the ticket to the conference. Next week I’ll have an accurate look.

4)      Become a member of Yakezie (6 month anniversary is Jan 21)

The application for Delta class is up. I looked over it and realized I needed 10 Challenger recommendations and 20 Member recommendations. By my count, I’ve established relationships with 16 members. 10 days is not enough time to establish relationships with 4 more bloggers, so I will wait until the next class.

Still, that will be in about 6 months or so, so it will still happen this year.

5)      Make money from my blogs.

AdSense earnings: $18 (They won’t send me any money until I hit $100)

6)      Be healthier

I’m pretty certain me snacking on pretzels dipped in Nutella this afternoon was not healthy. But other than the pizza, we ate pretty healthily this week- we finished off the chicken corn chowder C had made before the power loss, and then we had jerk chicken and rice for two nights. Tonight J is making fried rice for dinner.

And I didn’t even eat my normal amount at work most days because I was so busy I was forgetting to eat.

I walked the dogs Friday and Saturday and today we took the dogs to the dog park. Not a whole lot of walking there today, as it was very wet. But we did all get out and get some moving around.

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Dollars and Pets Blog Carnival

Welcome to the Dollars & Pets Carnival. Today we’re featuring a number of blog posts from both personal finance bloggers and pet bloggers. But what they all have in common is that while they love their pets, pets cost money. (Don’t we know it.) Sometimes those expenses are planned, and sometimes… well, not so much.

 

Disclaimer: The opinions expressed in the blog posts do not necessarily reflect our opinions here at The Dog Ate My Wallet or Life by Pets. They are solely the opinions of the authors of the posts. And if you disagree- go start a conversation (respectful, not mean) with them in their comments. We bloggers live for comments.

 

Expected Expenses

Can You Actually Afford a Pet? – Robert at The College Investor explores the costs of ownership and ways to save money on your pet expenses.

The cost of owning a pet – Evan at Smart Wealth talks about the everyday expenses of his two cats and turtle.

Why We Use Holistic Blend Health Dog Food – Mr. & Mrs. Sustainable Personal Finance discuss what they choose to feed their dog

 

Unexpected Expenses

Let’s Talk Pets and Other Unexpected Expenses – Crystal from Budgeting in the Fun Stuff wrote a guest post for Live Real, Now about her Pug’s allergies.

Another month, another visit: The Doggle Saga – An injury brings another vet visit for Doggle and his family at a gai shan life

 

Expected Unexpected Costs

Living on a Budget and Your Pet’s Last Days – None of us wants to think about losing our pets, but we all know we will one day have to make decisions about their end of life care. Thriftability takes an honest and compassionate look at the decisions we must make.

Pet Accidents Happen – I pondered putting this with Unexpected Expenses, but the truth is, every pet owner I know expects the kind of unexpected accidents Little House in the Valley is talking about, in a way they don’t expect major vet bills.

 

Optional Expenses

Don’t Make a Long-Term Commitment If You Don’t Have To– At Saving Advice, Jennifer takes a look at all sorts of contracts to figure out if they are actually beneficial to us or not. This includes a monthly veterinary plan.

How Pets Can Help You Save Money – That’s right, over at Saving My Toonies, they figure that their pets actually help them cut down on other optional expenses like the gym

 

Total Expenses

Pets: Putting Doggle in Financial Perspective – We return to a gai shan life to look at the total expense picture for their dog.

Wrapping up 2011 budgeting project- and onward into 2012 – for 2011, M.C. at The House of Two Bows made it a project to track how much their dogs cost them. She may be a pet blogger, but her graphs and charts will have all the finance bloggers in heaven.

 

I want to thank everyone who submitted an article for this carnival. I had a great time reading your entries, and it introduced me to a few new blogs. I hope everyone else has as much fun attending as I did.

-Erin Shanendoah

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Why We Filed a Claim Against Our Car Insurance When It Was Someone Else’s Fault

I’ve written in the past about why it matters to have health insurance. But health insurance is not mandated by law. Car insurance is. And here’s why.

A little over two weeks ago, C was in a very low speed car accident. No one was injured, and it was the other driver’s fault. (That was not disputed.) The accident happened only a block for so from C’s campus. He got to school, emailed me the important information, and then went to class. I called our insurance company and started a claim.

Since it was the other driver’s fault, and she was not trying to claim otherwise, we could have waited for her insurance company to call us. But we chose not to, even though it meant that we would pay our deductible on the body work for our car. Why? Time and convenience.

It was a full three days after the accident before the other insurance company contacted C and said they would pay for things. That would have been 3 days where we would have been down to one vehicle. Could we have managed? Yes, but not without a lot of rearranging the schedule. That would have been 3 more days while our car sat in our garage, not being repaired. As it was it took over two weeks (due to weather conditions) for the car to be repaired.

Sure, we could have gotten a rental car without the insurance coverage, but then we would have paid retail rates and not gotten the rental company discount- which was about 40%.

But mostly, it would have meant that we would have had to deal with the other insurance company- make sure they were being billed, and paying the bill ourselves if there were problems. It would have been us arguing with them if they did not like the charges from the body shop.

Honestly, that’s why I have my own insurance company. I can afford my deductible. We have an emergency fund for a reason. And this way, I know everyone is getting paid. I may have to wait a little bit to get my deductible back, but this way, it is up to our insurance company to argue with their insurance company. And guess what, our insurance company will almost certainly getter better and faster results that we would.

Nope, as it is, 16 days after the accident, we finally have our car back. In between, we incurred over $775 in rental car fees (and that’s with the insurance company discount) and $4,445 in car repair. We have paid $500, and we’ll get that back.

And yes, I know I pay for coverage like this, but the total still adds up to more than 3 years worth of my premiums.

No, for what I pay my insurance company, I want a no hassle experience. They can argue with the other insurance company, and I’ll just collect my check when it’s all said and done.

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My Brother’s New Venture

My brother is starting a new business venture. If it pays off, he’ll be set with a decent passive income while he has time to work on the things he loves, like photography. I do my best to be supportive of my brother- he’s an amazing photographer. Don’t believe me, check out his site. At the same time, I think I am more nervous about the risks he’s taking than he is. But he’s going about this in a smart way, and in addition to being nervous, I’m excited for him.

First, some background. My brother is older than I am, and I’ve learned a lot from him over the years- both from his successes and mistakes. It’s kind of nice to have someone take the turns (right and wrong) in front of you. He left college before he got his degree, but went in to the military and got some very specialized training. Since getting out of the service, he has spent most of his time working for military contractors. His training and clearances make him one of a limited number of people who can do what he does. And he gets well paid for it.

For the last three years, he has been working in Australia. Being far from friends and family has been hard on him, but it’s been good for his savings. He’s been talking with a friend back here in the States about going in to business together for quite some time. They ran through a number of different business ideas and very recently settled on one- running a backpackers’ hostel.

At the end of March, my brother will be back in the States, settling in a lovely coastal town in California, with a new start up business under way, without him having to spend any of his money until he actually gets here.

The town they’re in already has one hostel, but all reviews say it’s dirty and not well kept up. He and his business partner figure if they can keep their place clean and nice looking, they’ll have the edge.

Here’s how it’s working. They have already leased a 5 bedroom house that has the correct zoning and is only a block away from public transportation. They need to buy 2 sets of bunk beds for every room and get some necessary work done on the bathrooms.

They’ve gotten the house without either of them putting up a single penny. Right now, there is a third, silent partner- a guy who runs a website where people book space in a hostel. They have a (non-exclusive) contract with him to be able to book the hostel, and for now have managed to lease the house on his credit and are operating under his business licenses.

When my brother bets here, he and his partner will form an S-Corp and then get all of their own licenses and transfer the hostel to those.

Now, when you’re starting out, just like with most businesses, a hostel is not passive income. Someone has to be there 24 hours a day to check people in or in case something goes wrong. Even they have a house curfew, toilets can clog at 3am.

But they have a plan for that, too. There’s a specific kind of visa that lasts for one year, and requires people to have a permanent address and a job. It’s apparently quite common to advertise for couples who want those kinds of visas and have them come work at the hostel for 6 months. The hostel provides the needed permanent address and the job, but they only have to work for 6 months and can travel for the other 6. Hostels look for couples because people in couples tend to be more responsible.

So there they have it- hire a couple of European’s on a yearlong visa to work the front desk, manage bookings in person and through the website (which gets a cut), and keep the place clean. The couple working for them will have some light cleaning duties and they’ll bring in a cleaning service on a regular basis for the bathrooms and deep cleaning.

They’ll have 5 bedrooms that sleep 4-6 each. Beds will cost a little over $25/night. They figure that if they can keep the place full for most of the year, after expenses, they can clear around $55,000 each.

And that’s with the plan of the only work they’re doing themselves being handling the booking. It’s not a great passive income, but considering it leaves them time to do other things, and they plan on sharing an apartment, it’s more than livable. Not bad at all for a mostly passive income.

And, to cut his risk even more, my brother is making sure to leave his current company on good terms. His clearances are good for another full year. So, if at any time during the next year, it looks like he won’t be able to make it on the business income, it won’t be hard for him to get a job back doing what he’s been doing. (And it pays considerably more than $55k/ year.)

So there we are. I feel like this should be a guest post over at Creating Passive Income, except that Derek is better about doing the actual research on these ideas, and I’m just quoting what I can remember of conversations with my brother.

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Sunday Evening Post #26

Day

Amount

Place

Category

Monday

$52.00

Pedicures

Allowance

$32.52

Lunch

Allowance

$118.95

Shoes

Allowance

Friday

$151.71

CostCo

House

Saturday

$27.02

Safeway

Groceries

$131.40

Shoes

Allowance

 

We only spent money three days this last week, and yet, we spent over $500. *sigh*

I knew Monday was going to be a spend day for me. Every MLK day, I take one of my oldest friends out for her birthday- pedicures and lunch is our tradition.

Back in December, as part of the Blog Swap: What brings you the most value, I wrote a post (for Newlyweds on a Budget) about the amount of money I spend on shoes and the practical as well as emotional reasons I do so. On Monday, I bought a new pair of shoes. And they were more expensive than it seems here, because I also used a $100 gift card. However, these shoes I should be able to wear both with skirts and slacks, do not result in foot pain, AND I think they make my feet look smaller.

Tuesday I went to work, but they were predicting a big storm. It came in Tuesday night and we were pretty much snowed in Wednesday and Thursday. Also on Thursday, around noon, we lost power. Luckily we have a fireplace.

We had a couple fire logs left, and we’d set aside some wood from when we pruned trees this summer. Also, the freezing rain on Thursday took down a couple trees in the neighborhood- a fire crew came out to cut them up and get them off the street. C and J went out and got some of that wood too.

On Friday, we were still without power, but the roads were better. I went to work for a few hours (and charged the cell phones). C went to CostCo and got a couple boxes of firelogs, and a few other items to help us stay warm (which is why that trip is classified as house, not groceries, though he did pick up a couple food items, too).

We used our propane deep fryer to make some chicken thighs and cornbread that night. At 10:30pm, just as we were heading to bed, the power came back on.

Saturday we hit the grocery store for a couple of items we still needed, nothing major.

And then, on Saturday night, C had me order him new shoes. He has funny shaped feet, so while shoe shopping isn’t as traumatic for him as it is me, when he finds a pair of shoes that are comfortable for him, he want multiple pairs. The last of his favorite shoes are wearing out, so we went online to order two more paid for him. (That’s right, overall we paid $80 less for his shoes and he got two pair to my one.)

Today, I haven’t felt very good and we’ve spent the day watching football.

 

I have six goals for 2012. As part of the Sunday evening posts, I am tracking those goals, kind of like I do for spending, in order to hold myself accountable.

1)      Be paid for publishing one piece of fiction

Submissions so far: 2

Responses: expected by Feb 14

2)      Make money publishing my next art/fiction book

I haven’t contacted the artist I plan to work with because of the weather. Nor have I started compiling the pet pictures I want for a book. Hopefully I’ll have time to work on it this week.

3)      Attend FinCon12. Pay for the trip with money from allowance/side projects saved/earned BEFORE the conference starts. Goal: $600

Current Allowance balance: ($260.00)

Gift Cards: $15

Total: $(245)

I’m back sliding. I know. It should get better from here on out.

4)      Become a member of Yakezie (6 month anniversary is Jan 21)

The application for Delta class is up. I looked over it and realized I needed 10 Challenger recommendations and 20 Member recommendations. By my count, I’ve established relationships with 16 members. 10 days is not enough time to establish relationships with 4 more bloggers, so I will wait until the next class.

Still, that will be in about 6 months or so, so it will still happen this year.

5)      Make money from my blogs.

AdSense earnings: $18 (They won’t send me any money until I hit $100)

6)      Be healthier

We had take out Chinese on Thursday (J has chains for his truck and was able to get out) and Qdoba on Friday. I snack less on days when I’m home, but honestly, who knows what my calorie intake for this week was. I didn’t eat terribly, but not super healthy, either.

We only walked one day this week (today) because of the weather.