sunday Dec first

hello. i read somewhere that people can and do make a 'internet name' for themselves, so here's my two cents. I'm just doing this to give folks a chance to see household money from my viewpoint and understand the complexities that I face which, in reality , are quite simple but , yet, oh so complicated.

so how do i define 'household money,' or 'household finances?' i'm taking a very narrow approach to pinpoint gross errors . this is closer to a petty cash study than to a mortgage or loans or any more common concern with funds. But, truthfully, it's all related, right?

Alright, alright, alright. Just how do you go about paying for things? For groceries, I pay cash. For traffic fines, I usually take the cops to court and manage to win, though this time I've had to pay a filing fee for an appeal, in cash. I've just added a little Phillips amplified speaker system, a couple of small cheap speakers for the surround feature of my digital amplifier (which, yes, is indeed connected to my cable box via a fiber optic, or TOSlink cable) and some premium cable at the whopping price of 25. Yes, in cash.

One of the crazy reasons I've been doing this is that my credit report is shot. I owe a whole bunch and have not yet worked out a payment plan which means that if I spend all my money not only will I not have money to pay off these old creditors but also no money to pay my rent and, since my car is broke, no money to fix it . Which, brings me to tenet no 1: Have some money always.

But, moving on then, money is not cash. The money that I have is not in cash. In fact, the reason I started this blog is to share this fact with you. So, why wouldn't I just simply take part of that money, put down a fat monthly sum, and get my credit back. This would only lead to credit solvency. I would then have credit enough to buy the things I want like a car and a carpet. But, I would then owe this money, wouldn't I?

yep, which brings me back to cash. I f i can manage to PAY CASH for some of these things, even if they're not the fanciest or the most luxuruious or just remnants or , god forbid, pre owned, then I can chip away at my bad credit score with some sort of minimum monthly payment. In this manner, my capital remains intact and I still get the functionality of my 'things', i.e., material goods which we all need and live with.

But, here's the catch. If I do keep managing to pull little amounts of cash from my capital, won't I be eroding this capital as well? Well, ahem, no. The point is to find some sort of money-making strategy that works for you and take profit. Easier said than done, right?

Well, I'm not here to instruct you on HOW to make this money, just on what sort of mindset you have to have so you don't LOSE money in the process, which is essentially what's been happenning to me over the past few months since I began with these strategies. Mind you, it's not that I can't MAKE money! no, not at all! In fact, perhaps I've made too much, but then turned around and lost it overnight. This sort of money movement has a very steep learning curve, and it's the last part of the curve which a lot of folks , save for the very experienced 'rich' folk who have been investing for many years, have trouble with. Beginners, essentially.

My trouble? taking profits. The point is, I'm quite a good timer, but I just don't know when my time 's run out. Then my money runs out. There was some insurance that I needed to buy, but instead of cashing in some of these profits and BUYING this insurance, which is a good deal because it's a good investment, usually, I let my mind wander and wonder if there's more profits coming say, next week. So, guess what, next week I lose 50% on this money, though yes, they are at present just paper losses. However, now i'm impossibly strapped for ....CASH.

Cash is what makes the world go 'round, for sure, but , more importantly, it keeps our blood going 'round. You can't exactly take a bond to the grocery store..