It’s been a while since I’ve updated my blog but not because there hasn’t been anything to share. Things have actually been very busy.
First, my net worth for May was pretty flat (+4%) despite the extra costs of moving and buying a flight to Calgary. I also took some money out of my line of credit to invest in some ETFs. I was expecting much worse performance so I’m happy with that. the size of my debts have increased dramatically so I’m hoping to calm things down a bit for June and pay down some debt.
What I’m hoping for is to get another 20% increase in my portfolio over the next few months, and then sell most of it off to wipe out my student loan which will add another $300/month in cash flow. The extra cash flow will allow me to finance a motorcycle.
We moved into our new place 3 weeks ago, but only this past weekend were we really able to enjoy the place. we cleaned up over the weekend and hung our pictures on the wall so right now everything is pretty much done.
I’ll take a video tour of our place and post it on my blog tonight.
I started networking with some internet entrepreneurs this last week by finding a group on meetup.com. If you haven’t heard of meetup.com it’s a great service for groups to post events and they make it easy to find, in my case, a group of interent entrepreneurs in the Vancouver area that I can meet and discuss various business ideas with. It’s cool because for a while I was feeling like I was the only one around doing this stuff. It’s good to know that other people are trying and being successful with it.
My mindset is to go to the meetings with the intention of helping other people get stuff done, and in the process, making friends, and building a bit of a network.
Work is going alright. This past month I’ve been diving into writing web applications with Python and Django web framework and so in an attempt to kind of get the ball rolling in this direction at the office I did a demo application and showed it off to some people at the office. Everyone really liked it and it got some discussion going about if we should start changing our development environment over to more of a web based product. In the end though we decided to hold off and do a full evaluation of a bunch of different web frameworks later this year.
Instead of making the leap to a dynamic language like Python we’re going to be staying safe with Java for at least another 6 months. This is something that has always been on the “we’ll get to it in 6 months” horizon but there’s always another priority that comes up. I doubt we’ll ever get there unless someone like myself just goes ahead and develops something as a grassroots project.
My business has actually been doing some good performing lately. At the end of May I finally crossed the $100 mark for Google Adsense revenue which is enough for them to send me a check in the mail. So I got a check from Google for $106! It only took about 5 years of putting ads on halotis.com to make that much money. In addition to the Google advertising revenue I also cashed in $55 from some links that I sold for halotis.com
I’m nearly break-even in my Pay-Per-Click marketing endeavors. Just another couple of weeks and I should have the campaign profitable and then I’ll be able to ramp up and hopefully start re-investing the revenue. I’m taking it really slow.. just a couple of dollars a day while I try to optimize the campaign.
My affiliate sales have been trickling in over the month and I’ve accumulated $298 in outstanding affiliate commissions.
I designed a little bit of a side project which I really want to find time to work on. It’s a web application that I want to write so that I can get some experience with Python and Django. The concept is to put together a competitor to twitterhawk.com. It’s a concept that I think I can personally use, and there’s definitely a strong revenue model there with a good upside. I know people that are making making more than $10,000/month by using twitter to connect to customers and I think I can write a web application to get in on some of that action.
So I speced it all out and it seems doable. and I’m going to get some progress made on it this week. Once I’ve put together the backend proof of concept I’m thinking that I’ll outsource the front end web design to an actual designer and get it out there as soon as possible.
The running training has really taken a back seat lately. But I’m going to try very hard this week to get out for at least 3 good 10K runs. The Seattle marathon coming up at the end of this month is kind of scaring me a bit.
I’m sure there’s more I could say. but this post is long enough.