Hey everyone! I hope everyone had a great weekend. Saturday was a really relaxing day, and we went to see The Conjuring. I thought it was scary but W thought it was stupid. We also had a family get together yesterday and that was a lot of fun!
July was another great month. The weather has been awesome and I’ve been busy, busy, busy. I went to a bachelorette party in Chicago a couple of weekends ago and it was a lot of fun. My best friend gets married next month!
We also bought bikes last month and have been getting decent use of them. We would still love to one day bike from St. Louis to Kansas City on the Katy Trail.
Definitely need to prepare for that though. Have any of you ever done long distance (200 miles and over) bike riding? Tell me all about it if you have!
August will be a fun month as well because we are going to New Orleans with another couple. None of us have ever been and we are all super excited.
I also finished paying off my student loans in the beginning of July and it still doesn’t feel real. I thought my goal of paying off my student loans wasn’t very realistic, but I still tried really hard. It’s weird having so much extra cash flow every month, and we are still coming up with a plan for everything.
Before we were throwing EVERYTHING towards student loans.
We are still thinking about buying our next house, but we haven’t found anything that we absolutely love. Since we already have a house now, we definitely don’t just want to buy something just for the sake of buying it. We want to live in it for quite some time, and not just a couple of years (like our current house). So unless the perfect one comes up, then we will be waiting.
Waiting to buy is also good because we will have more time to adjust to the self-employment lifestyle, and also save up for a larger down payment.
I’ve also been thinking about posting something related to our net worth. I want to keep our privacy, so I’m not sure what I will do. Any ideas? Or should I just not do that because net worth updates are boring? I honestly like them so I still do want to share them.
My July extra income post will be live tomorrow, so make sure to come back!
July Goals Update
- Pay off student loans. DONE! 🙂
- Run 20 miles per week and lose weight. Meh… I did pretty good with being healthy but I could definitely be doing better.
- Make an extra $9,000 this month. PASS! I made a really good amount last month. And I keep hearing from everyone that things should start picking up even more starting in August/September, so that is good also. I spend a lot of time on my extra income, and I also worked for free for quite some time also, so not all of this is easy money!
- Replace the garage door. FAIL. We didn’t even look into this.
- Get carpet for the living room. FAIL. We didn’t look into this either.
- Decide on my freelancing switch day. I have a date in mind… 🙂
- Read 2 books. FAIL. I didn’t even start a single book.
- Run 20 miles per week and lose weight. COME ON MICHELLE!
- Make an extra $10,000 this month. I definitely think this is possible. I have been doing very good with my extra income lately. I still do want to diversify my extra income methods a little more though because I want to be ready for anything that happens once I make the freelancing switch. So much of this extra income goes to taxes, and you also have to factor in benefits that I am losing when I am 100% self-employed.
- Replace the garage door. We want to do this soon. We will probably do it ourselves because a lot of people said it shouldn’t be too hard. I’m sure the labor costs are high if we hired it out, so I would rather do this myself.
- Make an actual plan for my switch date. I have of course been thinking about this a lot, but I need to start writing everything down and have a positive plan for things I need to do before I leave my job.
How did you do in July? What is your top goal for August?
July was such an exciting month for you!! I’d love to buy a bike too but we don’t have any good trails here really 🙁 July was not a fun month for us but I hope to get some good news in August.
I hope August is great for you Lena!
July was a pretty good month for us. I got below $20k on my student loans and doing pretty well at work. For August, I need to get back into a solid routine of exercise and blog work. It’s been so busy at my job lately that I’ve been slacking off!
Wow great job with your student loans!
Miss Entrepreneurette says
I’m excited for your extra income post tomorrow! Those always motivate me. I think you should do a net worth post if you’re comfortable. Definitely up to you, but I’d like to see it. And how surreal is it to not have student loans to put all of your money towards? Each month we’re throwing all excess money (when there is any) at debt so I can only imagine how weird (and freeing!) it’d be to have money in the bank that doesn’t have to go to debt.
I hope you enjoy it! 🙂
Eva @ Girl Counting Pennies says
Big congratulations on paying off your student loans!
My summer has been extremely frugal, but to be honest I’m enjoying not spending more than ever as I know this is for a good cause (to wipe out all my debt). Good luck with your August goals! 🙂
C. the Romanian says
Congrats for a great month, Michelle! Your side hustles are doing great and all that extra money sounds quite yummy 🙂 Finally paying your student loan gives you the option now to start saving more and I am sure it won’t be too long until you’ll find that dream house you’re hoping for!
Thank you C!
Mark Ross | Think Rich. Be Free. says
Glad you achieved some of your goals. Congrats! As for me, my main goal in August is to improve my website and up my site’s traffic. 🙂 I hope I can achieve at least 1,500 unique visitors a day, though, it’s a small amount for big bloggers like you.
1,500 unique visitors is awesome! That’s is definitely not a small amount at all.
I like that you are being patient before making the switch. If you don’t really have anything right now to use the extra income you can really beef up the savings for when you do plan to make the switch. I do agree on waiting to buy a house if you have one but I am looking more for purchase real estate for investing purposes. July went great for me. No income yet but a lot of goals met and still a few I need to work on.
Yup, we are beefing up our savings! 🙂
I heard that The Conjuring was really scary, I wanna go see it. Good job with the student loan debt. I am excited to see your extra income post tomorrow. With the way things have been going I am sure you will crush your August goal!
I thought it was really scary!
Paying off your student loans is huge!! I didn’t really have big goals this month. One thing I wanted to accomplish is sell some stuff on eBay which I did. This month my goal is to make a hundred bucks through online surveys and selling a few more things on eBay. Ha such a small goal compared to your 10k.
Good luck! It’s still a good amount of extra income 🙂
Marissa @ Thirty Six Months says
Oh my this post reminds me of my old plan/goal which was to read 4 books in month. I’ve never achieved it.
DC @ Young Adult Money says
Best of luck running 20 miles this month! I need to start running more than 6 miles a week…it just seems harder and harder to fit in those workouts when there is so much I want to do with my blog and projects around the house.
July was by far my best month for side income. It was nowhere near the range of $9k+, but I am happy with the amount and if I could pull it off every month I would definitely consider outsourcing some work and getting my second site started. Just gotta keep moving forward.
It’s 20 miles per week DC! Haha per month that would be no problem.
And that’s awesome that July was a great month for side income. Good job!
Glen @ Monster Piggy Bank says
It must be fairly exiting / nerve racking to be so close to starting a full time online income. I know that has always been my goal, but I think that when the day comes I will struggle to leave the safety net of my normal 9-5 job.
Yes, it will definitely be hard to leave the safety of my day job.
Wow sounds like July was a busy and successful month! Hubby and I bought our first home last year and we too are beginning to get the itch to move. We like our house but once we moved in, we did notice that the house has some quirks and if we want to start a family it does’t offer very much space to grow into.
Glad I’m not alone! We bought the house that we currently live in 4 years ago, but we definitely want something nicer and a little bigger.
I’m so proud of you taking that step leaving your job I know I couldn’t do it. After all my years of school and training I’d be so worried that I’d be living in the now and if things tanked in the future I’d be left with lost years of experience, a degree down the toilet as students are well above me in years of training. Mix that up with I’m not getting any younger, jobs are hard to come by and the older you get the harder it gets. So much would go through my mind so kudos to you for taking that leap. You just finished your student loans as well so well done. If you want to share your net worth it’s up to you. I was going to stop but my fans said no they like it, so I post it. Good luck with the 10K but I’m sure you don’t need that.
Thank you! It is definitely a hard thing to decide.
Lance @ Money Life and More says
I’m glad things are going so well for you! Time is flying!
We made it through the wedding last month without going too over budget, so that in itself is a major victory. I figure in September we’ll finally be back to normal 🙂
Thank you Lance!
Laurie @thefrugalfarmer says
Michelle, good for you guys for waiting for that perfect house. We did that and are SO glad we didn’t settle for less. Also, you are kicking it on your income – woohoo!!! As for net worth updates, I love reading them, as I find it encouraging. But you guys have to do what makes you feel most comfy. 🙂
Thank you Laurie!
July went really well for us. Greg was off work for the entire month and we had a lot of fun and travelled some. Now it’s back to reality!!!
Sounds like a great month 🙂
Christopher @ This that and the MBA says
Way to go michelle. Look on craigslist for a laborer to install the garage door. I always do that when its work I would rather not perform. July was amazing for myself and my sites as well. I think you should do a net worth update. I really enjoy reading them and seeing how others are doing online.
That’s a good idea! Thanks.
Andi of My Beautiful Adventures says
I’m so jealous you paid off your student loans — what an amazing feeling that must be!
Grayson @ Debt Roundup says
I can’t complain too much about July. It was a good month with good progress, but I feel that my list of things to do has gotten longer for August. We will see how it shapes up.
Yup, my list of things is super looooooooooong now.
Michelle's Finance Journal says
Congratulations~!!! What an awesome month for the side hustle income.
I get scared too much to watch horror movies. I quit when I was 23 since I couldn’t sleep for days after watching a horror movie. What can I say. I’m a chicken.
Haha I am a HUGE chicken also.
Wow Michelle! I’m always inspired by your goals for extra income each month. Good Luck! Oh, and I have the same goal for running, sometimes it SO hard to get motivated to run in the summer heat.
Yes it is definitely hard to stay motivated!
Done by Forty says
There’s nothing wrong with waiting while you’re looking for the right home, especially in your current debt-free scenario. When in doubt, save!
Great job on your Alexa!
Rich Uncle EL says
Hey Michelle great month, 9 K in income is crazy. The most I have ever biked is 25 miles, so I can’t help you there, but good luck on the 200 mile trip. Running 20 miles is great, but you might get the most bang out of your health by running 10 and doing some strength training on alternate run days. (Light Dumbbells) It is the best balance for the body I feel.
Thanks! 20 miles per week isn’t really that much, and I always partner it with other workouts 🙂
Budget and the Beach says
The longest I ever road on a bike is about 45 miles, and that was with a really good road bike. It’s pretty tough, but doable if you really want to. Congrats on the awesome income and have fun in NOLA. I’ve never been myself. My big goal for August is to just pace myself and enjoy life. I found that every time I set specific goals I come up short, but get a lot accomplished in other areas, so I decided to just stop doing that. 🙂
Thanks! I have never really done too much, and the other day we did 15. So we have a long way to go haha
Dear Debt says
I want to meditate more consistently, pay off $1,300, focus on my blog and plant the seeds to making more money! You are killing it with the side hustle income!
I love scary movies and want to see The Conjuring too, but just haven’t had the time. It sounds like you had a really busy, but productive month and there is only more to come! I think sharing your net worth would be different and interesting, but I agree with you it might hinder your want for privacy. Good luck on planning the next steps/details on making the full time switch to freelancing. 🙂
From Shopping to Saving says
I want to watch The Conjuring! But I also want to watch so many other movies that came out this summer…I’ve been telling myself to go watch World War Z, Pacific Rim, Wolverine, etc but I just haven’t had time lol. Also, New Orleans sounds fun, I wanna visit – BF’s brother and family live there! Have tons of fun:)
Also I’d love to see a net worth update, they interest me as well. Also, I’m a runner and 20 miles a week is a ton! Are you training for a marathon or half? When starting to run after a long break I try to aim for 10-12 miles a week, right now after some training I do 10 miles nonstop running a week plus 3 miles of sprints on Fridays. I also got some compression sleeves!! They work great on sore calves:)
I feel like I haven’t commented in awhile since I’ve been so busy, haha miss you!!!! I can’t believe your friend is getting married next month, felt like just yesterday when you mentioned the wedding planning!
Yes, there are SO many good movies out right now!
No I am not training for a marathon or anything. 20 miles a week shouldn’t be too bad, because I can do 5 miles a day for 4 days.
Congrats on paying off your student loans! What kind of bikes do you have and what’s your time frame for the long ride?
We both have city bikes, so we do need to get good trail bikes.
And we don’t have a time frame, as we don’t even know what a normal time frame would be!
Ya, the Katy trail would be rough on roadbike. It’s a nice trail though! It’s pretty flat too, which would make longer rides easier even for inexperienced riders. Though, if you were going to put in more than 15-20 I would recommend some bike shorts, as it would make it more comfortable all around. If you decide to do the whole trail I would maybe consider getting some pedal cages so you can both push down and pull up on the pedal. Not a huge deal if you’re doing short rides, but it could make a difference on a long ride or a multiple day ride.
Thanks for the great blog. I just discovered it and I’m really enjoying it!
Jason B says
Congrats on the extra income. My main August goal is to get my emergency fund up and pay off 2 small bills.
Good luck Jason! 🙂
KK @ Student Debt Survivor says
Maybe I’m just a huge nerd, but I really enjoy reading net worth posts. I find them really inspirational. I’m trying to pick up my running a little bit too. Right now I’m doing 2-3 days per week but I really should be donig 4-5.
I will try and post them. I like looking at them also.
Little House says
July was a great month for you. I’m sure you’ll meet that 20 miles a week goal this month. And as for the bikes, I love biking but haven’t done anything close to 200 miles. My other blog, Bike Lane Living, shares stories of those that have, but I think if you plan it out and give yourself enough time, you can do it comfortably.
I will definitely check our your other blog. Thanks!
Savvy Scot says
Your income is on FIRE!!!!
I had a great month, largely due to the arrival of our new puppy… I am also looking forwards to things picking up through August and September! 🙂
Thanks! And woohooo puppies 🙂
It was AWESOME 🙂
Really impressed by the extra income you’re making…even while still working full time. I don’t know how you do it! I need to manage my time better or something.
Thank you Andrew! It takes a lot of hours. I am always super tired too…
Thanks for visiting my blog. Your posts are inspiring and I’d like to earn a little more. Reading your blog reminds me that anything is possible. But having a kid makes it a little harder.
Would you like to be part of my work at home series? It’s just answering 7 questions by email. Let me know. Would love to share your story.
Just emailed you 🙂
July was….EXPENSIVE. Hope August is better on our financies
I hope so!
Nichole C says
I am so excited, proud and slightly jealous of your awesome income! And have a blast in New Orleans!
Thank you Nichole!
My top goal for Aug is to pay off my last vacation. Oops.
I hope you reach your goal 🙂
CeCe @Pink Sunshine says
My husband does 40-60 mile rides with his friends and I think he’s crazy. I do want a bike though. I’ll probably just be rolling around the neighborhood though!
I still haven’t gone that far, but would like to!
Shannon @ The Heavy Purse says
Looks like another great month, Michelle! Paying off your student loans must have felt so great!! July was a good month for me – mostly because I finally got to enjoy nearly 2 years of saving for our Disney Cruise! 🙂 I haven’t been away from work that long since I was on maternity leave! LOL! It’s good to be home but I’m already dreaming of my next vacation. I’m more of a runner than a bicyclist but that actually sounds like a great ride.
Sounds like a great vacation 🙂
Alexandra @ Real Simple Finances says
I think it’s very hard to share your net worth and also keep privacy; I’d love to know how you do it, if you can come up with a way! I am already having a hard time sharing my budgets while still keeping my actual income private on my blog.
Good luck on making the switch! I also had a date in mind for letting my job know I was leaving. It’s very difficult to actually go there and do it, no matter how much planning you have.
I might have to do some sort of percentages to show it. I’m not sure how that will work though!
We know how you feel having paid off your student debt! It’s the same with us and our $160k debt which we finished in January. It’s all a bit of a let down so we are girding our loins for the next big challenge but chilling at the moment in Cornwall – very beautiful. We went to Lands End today!
Thank you! And wow $160K is amazing!
Nick (@ayoungpro) says
Can’t wait to hear about your extra income and I can’t wait for your switch to full-time self-employment. So exciting!
Thank you Nick 🙂
Debt and the Girl says
Sounds like you had a fun weekend. I can’t wait till after September as I have heard that things pick up more in the blogosphere then too.
Great job on the side income!!!
Eva @ Girl Counting Pennies says
Great job, Michelle! At this rate you’ll make your first million in no time! 🙂
Haha wouldn’t that be nice?
Congrats on your side income! You are putting so much effort into everything, the amount really reflects it! Hopefully you are still enjoying the summer! One of my August goals is to pay $400 of my student loans. Let’s see what happens!
Good luck Amanda! 🙂
Wow you did amazingly in July! I can’t wait to read about how you get on with your goals for August. July was good for us, we managed to pay off our largest payment so far towards our debt (just over £1000). So we’re making progress!
Gary @ Save Money & Live Better says
Congrats on such a successful month!
Last month I started simplifying my meals as a way to loose weight and save money. It was inspired from Tim Ferriss’ 4 hour body. My meals during the week consisted of chicken, lentils, and veggies, and on Saturday I ate whatever I wanted. Was the diet boring?…YES, but it was very effective. Last month I ended up losing 8 lbs, and saving over $100 on food cost. 🙂
Wow that is amazing Gary!
Take food to work. Ever counted how much money you throw away buying food at work daily? Start preparing your food for the day on waking up: Get up earlier, Eat a solid breakfast. Prepare your food for work in the meanwhile. Total time 30 minutes. No stress during the day about what you’ll be eating & you get healthy food while sparing money