Monday, May 18, 2009

Big Changes Ahead

I'm moving out of state. I'm quitting my job. I'm renting out my house. I'm starting a business. I'm trying to max out my 403b before my last paycheck. I'm trying to live on $660/month (plus the money from my roommates who pay for my mortgage). I actually think this will all work out. Craziness!

Moving Out of State
I am thrilled to have finally made the decision to move further south. I've been in the Northeast now for almost a decade and I am SO tired of the cold, the brown slush, the SALT, the pot holes, the greyness. The sunny skies south of the mason-dixon line have been calling me for a while!

Quitting My Job
This one was tougher. I've stuck around here as long as I have because I love the work I do and the people I work with. But it is time. My last day of work is June 5th. My last paycheck is August 31st.

Renting Out My House
The idea of putting my house on the market, hoping to find a buyer, and coming back up here for closing was not at all appealing to me. I figured I might as well see what kind of potential there was for renting out the house. I do have some experience being a landlord, I have a rental property a few miles away.

On May 7th I posted some pics on Craigslist with a pricetag that sounded good to me. I got 17 emails within 24 hours. I made appointments for the following week with 3 people. They came, they saw, they loved it, they wanted it. It's true, my house is very cute.

I offered it to the ladies who wanted to rent it furnished for an extra $100 a month (yay, I don't have to move my decade-old stuff...!) They are coming down on Thursday to sign the lease. So, starting July 1st I will get $1295/month for a house that costs me $840/month in mortgage, insrance and taxes. That's right, that's $455/month more than I have to pay. I told you, cute house.

Starting a Business
Now this one will be quite an adventure. I've done a lot of research, I think I have the right market, the right demographic for my services, and some funds for start-up costs. I'm excited to see how this turns out!

Maxing out the 403b (or Trying to)
I was all set to max out my 403b by the end of December. But now that I won't be getting much of a salary once I start my business, I want to put away as much as I possibly can while I'm still getting a paycheck here. I've upped my contributions to the point that my paychecks are about $660/month. I do have some roommates now who pay me enough to cover my mortgage. So, that $660 has to be enough to cover utilities, groceries, gas, internet etc. Oh, and and a $750 charitable contribution pledge. I think I can do it. I may post the exact budget some other day.

Definitely big changes ahead.

7 comments:

nancy said...

Hi,
This is to let you know that right now I have seen your site & I must say it is really very informative & related to my topic also “finance”.
I am a finance webmaster & do have some good quality finance sites & blogs with high traffic & PR. And I love to do healthy content, banner, widget & article link exchange. Because as per my experience I believe through this you will get the high traffic & PR in front of Google.
If you are interested with my proposal please feel free to mail me with your finance sites & blogs urls. Apart from this you can come to gtalk for free chating….
My mail id….
nancysix00(at)gmail(dot)com

In return I do have some very attractive offers for you. And I will send mine through a following mail.

Waiting for your quick positive reply.

Cheers,
Nancy.

ami said...

.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.

Blake said...

hi,

I wanted to say thanks for being a part of the Money Hackers blog network!

and...

We just launched the new Money Hackers Affiliate Network with an exclusive offer from SmartyPig that pays you $25 for each new savings account customer you refer to them.

To join the network, and begin earning with SmartyPig visit:

http://affiliates.moneyhackers.net

If you need any help setting up your account, please shoot me an e-mail.

Are you a fan of online savings accounts? Which is your favorite?

Regards,

Blake
Blog Ambassador
http://affiliates.moneyhackers.net
blake@moneyhackers.net

Lydia said...

Hi,


Thank you for being apart of the Money Hackers Network.


As a member of our network, we would like to get to know you and help connect you with our readers.

Would you be interested in an interview?



Regards,

Lydia

financespot said...

Hello,

I am Sabrina Knight, Affiliate Executive of debtconsolidationcare.com, world’s largest debt free community. I came across to your site and I must say that you have got an amazing site that has attracted a lot of visitors including me. I would be glad if you join our affiliate program because your site has full potential to send traffic to my website.
We are registered with BBB with current rating as A- providing no obligation debt consolidation, settlement and counseling services
The highlights of our program are:
1. Absolutely FREE registration.
2. You put up a banner or text link or lead sign up form on your site/blog and send traffic from your site/blog to our website. You can also promote via means of email marketing, PPC, telemarketing, etc
3. We will pay you $25 for each lead. (Affiliates are earning up to $1500 per week with our program)
Please note that we try to contact the leads 7 times before marking it a dead lead.
So what are you waiting for? Join DebtCC Affiliate Program Today and earn dollars!! http://www.debtconsolidationcare.com/affiliate/
For more questions please visit http://www.debtconsolidationcare.com/affiliate/faqs.html
This Program will definitely help both of us mutually. You send your potential visitors to our site and we pay you for this.
Please note that for doing email marketing you need to approve the email from us as we do not want any kind of spam activities to take place.
Looking forward for a long term business relation
Thanks,

Sabrina Knight
sabrina@debtconsolidationcare.com
Affiliate Executive
http://www.debtconsolidationcare.com/

謝雅柏 said...

IS VERY GOOD..............................

cheap life insurance quotes said...

Hat’s off. Well done, as we know that “hard work always pays off”, after a long struggle with sincere effort it’s done.