Friday, September 10, 2010

Heading in a new direction

Well, it's been quite a long time since I've posted to the blog, but I figure I would trying and catch things up and let everyone know what's been going on.

My daughter was unexpectedly hospitalized at the end of July, and that really kind of threw us completely off kilter. I was staying with her, and we were there for about 7 days. She is going to have surgery again on September 20th, but we only hope to be in the hospital for 2 days this time, so that's good.

I've been rethinking my goals for real estate investing, and have come to the conclusion that I am not going to pursue real estate investing until we are on Baby Step 3 (we are big Dave Ramsey fans). This was a tough decision, but I feel that it is the right one for us as a family, especially because of the medical bills that have cropped up due to my daughter's hospitalization. Although we have pretty decent health insurance through my husband's employer, we still have a maximum out of pocket per individual of $3500 per year, and we did not have that much in our flexible spending account to cover the difference.

So, having put real estate investing on hold for now, I then had to figure out how to boost our income on a regular basis. Applying for jobs has not panned out, and now my time is going to be even more limited, as I will be helping my husband's grandfather with taking him to the doctor, dentist, grocery shopping, etc, which I am also currently doing for my mother. So I've decided that I'm going to work on selling books on Amazon using their Fulfillment by Amazon program. The start-up cost is low, and the opportunity to make a consistent monthly income is very good. I hope to get a start on getting ramped up for business before my daughter and I head to the hospital on the 20th.

So that's it for now. I will still update the blog so you can see how I'm doing with my Amazon business. :)

Oh, I almost forgot. Funny story - I received a phone call from someone to whom I sent a probate letter back in January. He said that he's getting ready to put the house in question on the market, but wanted to give me a chance to put in an offer before he does it. I've got to call him back this weekend - should be interesting!

2 comments:

  1. Good to hear an update from you, Ingrid and will keep your daughter in my thoughts and prayers for her upcoming surgery. Wishing you will with selling the books. What books are you going to be selling?

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  2. Thanks, Shae!

    I'm going to be selling as many books as possible, but no specific category. I'll be getting a PDA with book scanning software and hitting the library book sales, thrift stores, garage sales and seeing what might be sellable. I'll be using Amazon's fulfillment by Amazon (FBA) program, where I ship them the items for them to pack and ship as they sell. With FBA, my items will be eligible for Super Saver Shipping and Amazon Prime. I'm also going to try and qualify for Toys this year, too,and use the FBA program to sell them as well, so that will help. I think this will definitely be a good fit for us at this point, income wise. REI will still have a place in our investing strategy, just moving it to a later part in life. :)

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