Tax time is always a great time to evaluate where you are and all the shit you are doing that is costing you money.
As I get my taxes ready to ship to the accountant I remember my goal for this year: “To not have Rob tell me my Real Estate is hemorrhaging cash”.
Goal one, not met… I simply did not pay enough attention to that branch of my income and those f’n tenants have sucked another ten to twenty grand from my bank account.
So what’s a suck ass landlord and internet marketer to do? So I don’t put a bullet in my head tonight, I find this a perfect time to take a baseline measurement of where I am and where I’m going.
Goal 1: Get my Affiliate Marketing portfolio back to where it was. Not that it’s bad now but it’s resembling my pets as of late. Ignored but still happy.
Goal 2: Get the Real Estate filled, profitable, put some lipstick on them and sell those pigs. Most of them at least. It’s simply too much to deal with. The final straw is my 400+ pound tenant who has cracked my bathtub and is complaining that the toilet rocks a little… hmmmm, get this guy some Acai quick…
Goal 3: Never let it get to this point again. Concentrate on the most profitable 20% and NEVER diversify to that point ever again…
Tags: Accountant, Affiliate Marketing, Baseline, Bathtub, Bullet In My Head, Final Straw, Great Time, Internet Marketer, Landlord, Lipstick, Measurement, Money, Perfect Time, Pets, Pigs, Real Estate, Suck Ass, Tax Time, Taxes, Toilet
Leave A Reply (5 comments So Far)
Steve
774 days ago
Internet Marketing can have so much less risk compared to real estate if it is done in a way to reduce risk.
Corey
780 days ago
Hey Jimmy. I’m in Central Pennsylvania (US). I would love to talk REI. Email me at affportal@gmail.com when you get a chance.
~ Corey
Jimmy Tang
780 days ago
hey corey,
where are you located? maybe I can help as I own some investment real estate myself.
Jimmy
Corey
781 days ago
You’re right. I’m always telling my kids to count their blessings and I need to as well. The thing that had me so darn frustrated was all the equity that has been pissed away over the last year.
So thanks for the chin check. Everyone needs one once and a while.
If I were a father of two in Chile and my home was flattened things would be much worse indeed.
DrHowe
781 days ago
The world’s smallest violin playing for you.
These are pretty damn good problems to have. I’ll trade you mine for yours (problems).