Goal Girl’s Blog

In my last article, I covered a little about defining goals. To summarize, in stating your goals, in order to increase your likelihood of success, it’s important to:

• Include a timeframe for completion of your goal, and
• Be very specific, otherwise, how will you know when you’ve succeeded?

Well, now that we’ve defined the goal, what do we do with that? Let’s take our goal from my last article: “Within twelve months, I want to replace $2000 of my take home pay with residual income so that I can work less.”

First, let’s break this down a bit. Ok, let’s assume that we mean $2000/month (I should stated this in the goal, eh?). So I’ll need $24,000/year in residual income. So sometime within the next 12 months, you’ll need to be generating enough residual income to cover $65.73 per day.

Now, let’s explore some possible ways to earn money outside of our daily grind. There is no shortage of folks trying to sell us some plan for earning big bucks; just watch the idiot box at three in the morning. Surely we can find something among all the garbage that’s worth a closer look. Generally speaking residual income is going to come from two sources. Either royalties on some intellectual property, or some form of franchising, where you sell the rights to your (or someone elses’) system, image, logo, and so on (think MacDonald’s, Amway, etcetera).

At this juncture, I don’t have a ’system’ to sell (maybe I’ll get to that point sometime down the road), but being the nerd that I am, I can produce intellectual capital in the form of articles. I’ve been reading a lot lately about article marketing, specifically, the “BUM Marketing Method” of Travis Sago. Here is a good, brief intro to Bum Marketing. And here is Travis’ site. I’ll be exploring this more over the coming months.

In the mean-time, I’ve written several articles (pages, lenses) on Squidoo to get things rolling:

• Raising a Well-Mannered Dog

• Core Strength: Why, How…

• Living With Polycystic Ovarian Disease

• New Zealand Rules

• Heifer International, A Charity Providing Self-Sufficiency

• Java Me Up, A Cool Little Coffee House In Irving, TX

I have a number of additional articles I’m working on, while I’m learning the Bum Method… I’ll keep y’all updated on how it’s going!