To continue the conversation, my latest book Making Dollars & Sense Work is a book that is geared to helping single moms and dads plus young adults get a firm handle on their finances. This book gives the initial steps in setting up a monthly spending plan (aka: budget) as well as a step-by-step guide on how to understand and FIX your credit report.
This book also helps you get out of some sticky financial situations like the vicious cycle of PayDay Loan Hell, or judgments (where you have to appear in Civil Court to deal with old bills).
While the book helps give you that firm handle, it does not take you to the next level which is to find and bring in passive income. Why? Because one has to crawl (learn the basics) before one can walk, or run.
So, at this point in my life, I have been searching for passive income. I did MLM’s. All types of sales/product type companies. I’ve done Tupperware. I can sell stuff (yeah, yeah; bad english). But, those things were not creating passive income. I had to work at these things.
I’ve decided to look into that word passive income. To me, it means that I put work into a project upfront and there may be maintenance but it’s not stressful to do…to me. Okay, so that definition is not exactly the true definition of “Passive” but it works for me.
I’m a writer. I write books. That’s not passive. I have to market said books. That is most definitely not passive! LOL. But, I enjoy it tremendously! I meet great people and now count as friends several people that I have met virtually. Some of them are closer to me than people that I have met IRL (in real life). So, for me, the entrepreneurial writer thing is a great way to go for me for passive income.
One of my other loves is jewelry. I’ve always wanted to wear pretty things. This could be because I’m a girl (Yeah, yeah, I’m being sterotypical but hey, this is my blog post; I can do that!). It could also be because my mom loves jewelry and I took in the love by osmosis. Who knows? Either way, after years of the obvious staring me in the face I decided to use my Ebay account (of which I was a very early adopter; I joined in Nov 1999!!) as a seller account for the first time in the history of my account!
Guess what I sell? Yep. Jewelry! Yes, it is a bit of work. I have to acquire the jewelry. Photograph each piece from several angles. Post each piece and write about each one. Work; so not passive, right? But guess what? I love jewelry! So, it’s more like play to me.
And my Ebay store name? RiRi’s Pearls ‘N Baubles Shoppe! The RiRi is my daughter’s nickname. I am striving to do my best to help her know that she can do anything she chooses to do. You can check out my store here.
This is one of the items in my store and it is one of my favorites! It is a Champagne Cubic Zirconia Cocktail Ring (size 6) with lots of bling in 18-karat rose gold over silver. It’s stunning! See? I love this stuff!
Making Dollars & Sense Work: A Financial Primer for Single Moms & Dads Plus College Kids Too! has taught me that there are several steps in becoming a responsible stewart of the family’s coffers. In addition to having positive cash flow every day and from paycheck-to-paycheck, one has to have several streams of income coming in to help with those unexpected expenses that pop up when you have a child, or children.
So, if you decide to read Making Dollars & Sense Work know that this book gives you step 1 but there are other steps beyond the ones offered in the book. However, you will be more than ready for the next steps once you master what is in Making.
Love you guys tremendously for reading, commenting and following me on my various social media outlets! If you don’t know my Twitter handle it is @NoteBkBlogairy. I am on it very frequently (it’s my favorite social media platform!).
Let me know where your passions direct you when it comes to passive income!
Ta-ta for now,