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Wednesday, November 10, 2021

My Income Update As I Promised

I have been investing regularly.  I am new to investing, so I looked for someone that was knowledgeable in finances.  I wanted someone I felt I could trust.  There are a lot of youtubers out there that give advice and that is cool.  Know before you continue, that I am not giving financial advice.  I am giving my opinion.  I found someone that explains everything thoroughly, that actually shows you how to find stocks yourself.  I am skeptical people that say, "Buy this stock."  I always give away info, but I hardly ever find others that are like that.   Most people want to sell you something.  So, I wanted to tell you where I get my info, in case you want to check it out.  I follow Joseph Hogue CFA: Let's Talk Money 

Investments

I started investing using e-trade on July of 2021.  I started with $177.  Every paycheck, I buy more.  I started investing $150 biweekly and now I am investing $163 biweekly.  It has grown to $2,585.84.  I earn $257.44 in dividends yearly.  Not enough to live on, yet.

I have an Acorns account.  I have $10 deducted weekly from my checking account.  Five dollars goes into my investment account and $5 goes into an Acorns checking account.  I have roundups from three different debit cards go into the investment account.  I started with $5 and now I have $821.59 that is valued at $1012.60.   I get less than a dollar in dividends on a monthly basis.  If you would like to have investments on auto pilot, please consider joining through my link: Acorns

Coinbase is what I used to learn about crypto.  Most of what I have there I earned on the site.  They give you crypto just for watching videos about how it works and then answering questions.  I purchased $30 in FileCoin and $40 in Algorand which earns 4% APY.  That $70 is now $221.94.

Cashapp is another great way to earn crypto.  You can open a free account and you can send or receive money from anyone that also has a cashapp account.  Get the free debit card and earn crypto when you use your card to make your purchases.  You'll have to go on the app to see what opportunities they have.  I now have $15.58 in crypto.  I also bought $10 in Tesla stock that is now $44.04 because they offer fractional purchases of stocks.  Yay!

I also have a 403b which is now at $22,000 +.  I started contributing 30% this year, but I stopped.  My husband was in a terrible car accident and so I had to buy a car.  We decided on a black Nissan Rogue.  I love it!  I paid off my car insurance because I hate having monthly bills.  I do have a car note.  I will be working on paying that off.  

I have additional checking, savings and an IRA account.  You know how bank interest goes.  You earn spare change.    

Blogging income:

I currently have $39.54 sitting in my Adense account.  I have to hit $100 before I can get a direct deposit to my checking account.  Yay!!!

I think that is everything except for the college funds I have for my grandchildren.  That money doesn't belong to me, so I am not counting it.  

Oh and I gave my son $5000 towards the purchase of his new home.  I will be giving $5000 to each of my children that haven't purchased their first homes.  I want them to be successful.  I would rather sow into their lives now, then when I'm gone.  I am sure there are people out there that will have a problem with that, but I said what I said.  I will be setting up a trust in the future, so there is that.  

Want to share your income update?  Share it in the comments or post it on your IG, YouTube or TikTok account and put your links in the comments!

I look forward to your content.  




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