October 2013 Net Worth and Earnings Update

Happy October everyone! Fall is here, Halloween is on its way, and I have a lot going on in the next month. I’m excited to share it all with you, and how my financial picture ended for the month. I’m on my way to Santa Barbara this weekend and the Financial Blogger Conference in St. Louis in two weeks. The last week of the month, Denver Underground Parties returns with our second event, Wicked Wonderland, a massive Halloween party I am hosting with two friends.

Banking, Debt, and Investments

My issues with Lending Club seem to have passed. I had trouble finding loans due to investor competition, but this month investing was a smoother process. My account has now led to an account balance of $962. I turned off the automated investment at Lending Club and have begun investing more with Prosper. My net annual returns at Lending Club are 12.09% and I have no plans to withdraw a cent in the near future. I currently have 46 active loans, 0 in funding, and 15 fully paid and I have earned $138 in interest.

If you want to know exactly how I make 11+% with Lending Club, check out my in depth guide to making money with Lending Club. I have $150 with Prosper and have earned an annualized return of 10.64% so far.

I have no plans to slow down my investing in the near future. My biggest focus in general is my automatic investing in my retirement accounts.

Liberty Fund Update

I have a $30,000 savings goal for my liberty fund. I started saving in August, 2012 and the balance is now at $23,735. I’m making great progress saving.

The bulk of my liberty fund is in a combination of high interest savings accounts and a stock investment account. I suggest 360 Savings from Capital One 360 for this type of savings. I began this fund with a $5,000 emergency fund goal and have expanded it to give me more flexibility and a bigger cushion. Just don’t have too much cash in your emergency fund, and occasionally re-evaluate if your emergency fund is too big.

Side Business Income

Narrow Bridge Media – All Blogs and Online Activities

Revenue

• Private Ads, Freelance Work – $2,047
• AdSense – $15
• Affiliate Payments – $50
• Premium Plugin Sales – $0 (will be reported only when paid by Code Canyon) – 8 sales to date, paid on the 9th sale

Expenses

• Freelance Writers – $60
• Email List – $19 (Provided by Aweber)
• Web Expenses and Development – $0

Yes, you read that right. BEST. MONTH. EVER! I had more freelance projects than ever before, and that made a huge bump in my online income this month. I hope to keep up the trend!

I created a new WordPress plugin a couple months back to solve a problem I had. I was trying to convert from the Thesis Theme to Genesis (did you notice?) and couldn’t move my Thesis post images as expected. My new plugin takes care of that and is available for $10, of which I get $6 per sale.

Denver Flash Mob – Flash Mob Consulting and Planning

Revenue

• Custom Flash Mob Revenue – $350
• Sponsorship Revenue – 0
• eBook Sales – Future Revenue Stream Idea

Expenses

• Staff Payments – $100
• Web Expenses and Development – $0

The busy summer season is behind us. I don’t have any events on the calendar for the fall at this point, though I am in talks with a couple of potential clients.

Net Worth

In total, my net worth was up $2,564, or 1.42%. I update my condo value and car value based annually in January. I pay off my credit cards in full each payday.