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Why Am I Not Rich? — A Study in Contrasts

I am sitting in a public cafeteria catching up on some email and other stuff after getting back from Honduras and couldn’t help over hearing a young lady that was sitting 2 tables away.  I wasn’t listening on purpose, but there was almost no one else in the room, and she talked really loud!  Then a couple ladies sat at the table next to me (again one was loud) so I could hear her comments as well.  It was interesting to hear the contrasting comments.

Lady Number One

The first lady was complaining about life and bemoaning her financial situation.  At one point, she stated to the individual on the other end of the phone, “Why Am I not rich?”  Well, since I got several details about your life during my 90 minutes working on my blog, I might be able to offer a few hints.

  1. You are a single mom.  She stated that it was hard to support herself as a single mom to the guy on the other end of the line.  I know it was a guy since she thanked him for his child support.  There is no doubt that single moms have it incredibly tough especially with so many deadbeat fathers out there.  At least she has the luxury of a decent relationship with the father of her child such that she can communicate on the phone.  And it sounds like he is paying his support.
  2. You don’t have an education.  I know this because she stated that she had decided to go finally go for her GED.  I would guess her to be in her mid-20’s so I would suspect that she isn’t making much more than minimum wage if she is going for her GED and complaining about how tough it is to pay rent.  No doubt that education has some correlation with income.
  3. You have maintained a quasi-victim mentality.  I say this because she joked on the same call that she was “holding out to marry rich” (like I said, she must have a good relationship with the father of her child).  And maybe it is not a victim mentality per se, but you can’t wait for someone to save you.  And maybe she is waking up to that fact since she is going to be working on her GED and who knows after that.  Kudos on that front!

The Second Lady

Contrast that to the second lady who offered this sound financial advice.  She was telling a co-worker that:

  1. She was paying an extra $120 per month toward her mortgage to pay it off in half the time.  Obviously, she is somebody who doesn’t like debt and must not have higher interest rate debt that she should be paying off first.
  2. She has 10% of her paycheck put away for retirement.  She knows the importance of paying oneself first and preparing for the future.

She also looked to be about the same age.

I found it an interesting contrast good for a blog post.  I also wonder if lady #1 heard what I heard and if she did, what she thought of it. So if there is a lesson to be learned, speak quietly in public places.  You never know if a blogger is sitting at the next table or two.


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8 comments - What do you think?  Posted by Cash Flow Mantra - October 18, 2012 at 11:44 am

Categories: Earning, Spending   Tags: , , , , , ,

Got Lucky with Some Passive Income

I wrote a little blurb about passive income over at Penny Thots explaining how it really isn’t all that passive initially as building a business or creating something does take a lot of work before the income becomes passive.  That is what happened for me online.  July has been a busy month with a week of vacation, catching up from vacation, and playing softball two nights per week.

As you may have noticed, I haven’t done squat this month on this blog and have struggled to keep up with the others (although I haven’t been doing all that well).  That’s OK, since I do feel that everyone needs a little break now and then.  Besides, I figure most people will be paying attention to the Olympics over the next several days anyway so I can gradually work my way back into the content creation mode.

Nevertheless, despite my lack of accomplishments (I last published here on July 2nd and mid-May on HubPages), I still managed to earn some money with the blogs and HubPages.  So by definition, I am considering the income passive and am thankful for what I was able to earn this month.  It is certainly not enough to quit my day job and become financially independent, but it is better than a stick in the eye.


Since I have been such a slug, I have failed to keep up with my carnival inclusions so I will be making up for that now.  I have four weeks’ worth of links so bear with me.  I also have over 800 articles in my reader and will skim titles quickly for the best ones.  When the weather gets cold, I won’t be wanting to get out for softball or golf so my online activities will increase again.

Anyway, here are the carnival links:

Carnival of Retirement #26  – CFM, GPM (CFM = Cash Flow Mantra, GPM = Grand Per Month)
Lifestyle Carnival #9 – PT, GPM (PT = Penny Thots)
Yakezie Carnival – CFM
Carnival of Money Pros – PT
Carnival of Financial Camaraderie #39 – PT
Festival of Frugality #343 – PT (ed. pick)  Oh, look.  We had the editor’s pick.  Guess it would help to read my e-mails too.  Thanks to Melissa at Mom’s Plans for doing all this carnival stuff for me.
Yakezie Carnival – CFM
Carnival of Personal Finance #369  – GPM
Totally Money Carnival #74 – PT
Financial Carnival for Young Adults #20 – PT
Carnival of Money Pros – GPM, PT
Festival of Frugality #345 – PT
Yakezie Carnival  – CFM
Carnival of Money Pros – CFM, PT, GPM
Totally Money Carnival – PT, GPM
Well, that gets me caught up.  Hopefully, August will be a little bit better.  I hope you are enjoying your summer and getting out and active despite the stifling heat and lack of rain.  At least, we haven’t had any softball games cancelled.
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Be the first to comment - What do you think?  Posted by Cash Flow Mantra - July 29, 2012 at 10:42 am

Categories: Earning   Tags: , , , , ,

Making Money with HubPages Ad Program

When I first started writing online, I was frightened to start my own blog.  I was intimidated by WordPress and the thought of self-hosting.  I wasn’t sure that it made sense to pay for setting up a blog.  So I sought out totally free options and made it my goal to only devote time and not any personal funds to any online venture that I might undertake.

One of those sites that I happened to run across in May of 2009 when I started writing online was HubPages.  It provided me a “free” (or should I say “nothing out of pocket”) platform for writing.  So I started writing while reading and learning about keywords, SEO and ways of monetizing a site.

I signed up for the Amazon affiliate program and earned a little bit of money by placing Amazon capsules in my Hubs.  I also was earning with Google’s AdSense program.  Things seemed to be growing rather nicely until the Panda update about one year ago.  I saw traffic to my Hubs drop by more than 50% and earnings with AdSense drop by even more.

Panda Was a Good Thing

It turns out that the Panda Update was just the kick I needed to push past my fear and apprehension for starting something on my own.  I was also affected by the shutting down of the eHow writer’s compensation program and could no longer make any money using that platform.  So taking some of the money that I had sitting in the PayPal account from eHow, I decided to launch my own site.

I started out with Weebly, still afraid to go for it all alone and discovered that I enjoyed the blogging nature of writing content online versus a static site.  Ultimately, Cash Flow Mantra was the result of this journey, and I must confess that I wish I had started sooner.  It has been a great opportunity for me to meet fellow bloggers and interact.

My experience here has led to the formation of a second main blog, Grand Per Month.  I know several of you read that one as well for which I am incredibly thankful and grateful.

More Changes Coming

Which leads me to the point of this post.  There have always been changes to the internet landscape.  It will continue to shift and evolve with an occasional earthquake hitting.  Those that can adapt will survive.  I intend to be one of the survivors.  I am gradually making more money with the HubPages Ad Program and will be reinvesting those funds to hire writers for more blogs in the future.

In March, I will make just over $40 which will pay for about half of my paid content on Grand Per Month.  By the end of the year, I expect it to pay for all of it.  Then, I can start another blog or site and continue to grow.  I think that it will pay to be diverse in numbers of sites and types of platforms as well as methods to obtain traffic.

Ultimately, my goal is to grow my online income slowly and surely obtaining a nice base.  I view it as a marathon and not a sprint and have been planning for 5% monthly growth over the past 2 years.  I have been hitting these targets and will do what it takes to continue to grow in a sustainable manner.  I would like my online income to help pay off my debt more quickly as it has been doing.  Making extra payments will help the monthly cash flow which is what this blog is about.

Fellow bloggers, what changes have you needed to overcome online?


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12 comments - What do you think?  Posted by Cash Flow Mantra - March 28, 2012 at 9:44 am

Categories: Earning   Tags: , , , , , ,

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