2008 Goals

Hope everyone had a splendid New Year Eve.  My better half and I went for a set dinner at Tony Roma’s and later, watched fireworks display at Sunway Pyramid, a shopping center and theme park.

I have thought through my goals for 2008 and ta-da, here they are:

1. Earn extra income of RM500 per month from online ventures

2. Purchase my first property: I have identified the area and potential housing projects. I also know my budget

3. To argue less with my better half and be more understanding towards his needs.

4. To smile more and frown less.

5. To have a heart of gratitude

6. To perform above expectations in my work.

I am very easy to please aren’t I?

Cheers to 2008!

Assasination of Benazir Bhutto and me

What a tragedy that Benazir has been killed after she was in exile for 8 years. Initially, I thought that she died because of her quest for ‘power’ but a colleague of mine mentioned we should give her credit for wanting to make a change for her fellow countrymen. 

Her death has prompted me to ‘just do’ the things that I want to do rather than ponder and wonder. Life is really short and you never know what will happen next, cliché I know, but most cliches are very true. 

Hence, I have registered my own domain: www.kendra-lee.com and it would be my main portal and gateway to making moneyonline. 

The only issue is, I have yet to establish what I want to do.

My online spending thus far…

  

The table above shows how much I have spent this far to make my way into making money online. I have not included hosting cost which I would only look into in February 2008, once I have carefully selected the right web host.

New year, new plans

I sincerely wish all of you a wonderful new start. Remember to make plans for the year by writing them down, what you wish to achieve. By writing your goals down really helps to manifest them. I shall post my 2008 goals pretty soon.

Follow through

The problem with me is that I tend to get excited over a new project or venture but I do not have proper follow through. Maybe it’s the holiday season, my brain is not fully functioning . I will work on my online money making quest after the holidays, after 2 January 2008. The first step I need to take is create my own website and sign up with a web hosting service.

Simple.ology – course on blogging (free for now)

I’m evaluating a multi-media course on blogging from the folks at Simpleology. For a while, they’re letting you snag it for free if you post about it on your blog.It covers:

• The best blogging techniques.
• How to get traffic to your blog.
• How to turn your blog into money.

I’ll let you know what I think once I’ve had a chance to check it out. Meanwhile, go grab yours while it’s still free.

Holiday mood

Today is Christmas Eve, and I did not have much time to think about making my first $ online.

The idea that I first had to promote an ebook about 4 x 4 written by my experienced uncle is now not viable as the book is not available due to certain reasons.

I have to re-think on my product or what to do online besides blogging, ebay, etc. 

Thoughts

I did a google search within Malaysia on “make money online”sites and there are plenty of Malaysians out there who are making extra income online. Most of the sites are making money from ads, links and clicks to their blog, etc. This revolution actually started in 2002 and now the top Malaysian internet blogger is able to rake in USD5,000 and above per month. With the conversion rate, we are taking about RM16,000 per month. This is more than the monthly salary of General Managers in some companies. Impressive huh?

I am not that interested in blogging for income or maybe its because I do not understand the concept fully?

Ebay is another platform to earn $ online but of course you need to have inventory and know what you want to sell.

I just subscribed to updates from my fellow Malaysian on his path to earning full income online, please visit his website to have a look: Rajawang. He has fun updates and you can see how he is making his money.

I would like to say upfront here, I am not looking for a quick buck but to attain financial freedom. So this blog is for me to document my journey into financial freedom.

Financial freedom means different things to different people. For me, is being able to do the things you want in life without worrying about money e.g. to travel as you wish. Also, its about passive income. What happens when you are longer able to contribute to your company and you are laid off. Sure, you can always look for another job but is that how its got to be? Do we not as the captain of the ship (the person in charge of our own lives) have some say?

Further insight

I re-read the Fast Cash Strategy today and gained more insight into the seven steps to making fast cash even if the product is not IM related. As mentioned in yesterday’s post, I am formulating something which might be workable and possibly make my first $ online.

I am also contemplating to purchase Write That Report from Jonathan Leger – will his report be able to teach to me to write report(s) that will be purchased by customers? I have decided not to purchase at this time as I think I need to really focus on getting my first product idea out.

Fast Cash Strategy

Just finished this book by the very established Lynn Terry and I would like to inform that this book has opened my eyes to how to promote ‘your’ product without a website, list, etc….I did not regret purchasing this book and it works very well with my earlier purchase.  Basically the two books I have purchased gave me different avenues to make money online and it teaches you the approach.  The basic ingredient that is required is still a product (either your own or someone’s else).  This is something that I need to consider before really building my online business.  Information marketing is one aspect of online business and there are other types of online businesses you can consider such as becoming a coach or an expert on a subject, selling tangible products (which is much harder because you have to deal with physical inventory, stock and shipping, etc).  I am still looking at the various opportunities and deciding on what I really want to do.

I know I do not want to be just a one-off IM since I mentioned before, I really want to build an established business online and provide real value in terms of meeting a need or want- which I am still not very sure what it will be.

Hence, I will reassess my goals, but there is something cooking in my head at the moment after reading Fash Cash Strategy. I will write more about it later.