There are a few reason why I choose to share a personal, financial, and business updates every month.. First, I get to measure my success. Second, I hold myself accountable for my finances. Third, I share with you goals that I set for myself next month.
I would recommend doing something similar in your life. Start tracking whatever you want to see improvement in (your money is a good start). There is a lot of research out there showing that tracking generally precedes improvement.
Due to Feedburner being out of whack, the only subscriber number I currently track is email list subscribers. At the beginning of July, I had 84 subscribers. As of July 31, I had 103.
Anytime you can grow more than 10% in a month, it’s a good thing. My goal is to always increase this number by 10% each month. Which will get a lot harder, the more I grow.
If you’re reading this and haven’t signed up for the newsletter, sign up for the mini-financial course and you will be added to the list.
July was a great month for traffic. The # 1 referrer, besides Google, to Gen Y Wealth during July was a link from the Mint.com. Being mentioned on Mint, along with a guest post on Free Money Finance, enabled the site’s traffic to rise.
Here are the stats…
- Alexa Ranking: 811,995
- Absolute Visitors: 1,574
- Page Views: 7,783
- Average Time: 3:29
- Alexa Rankings: 716,531
- Absolute Visitors: 2,279
- Page Views: 10,954
- Average Time: 3:50
One thing I’m very proud of, is the average time spent. Knowing that each visitor spent almost four minutes on Gen Y Wealth in July, is an accomplishment in my eyes.
I spent a lot of time last month researching and writing The Gen Y Guide to Managing Your Finances eBook. If you haven’t gotten your copy, do it now, it’s free.
My goal for August, is to put together everything I know about investing for Gen Y.
Personal Finance Update
Since many trust me with financial advice, I think it’s important that I let people know how I’m doing financially.
Here are June’s financial stats:
- Net Worth = + 2.06%
- Investments to Expenses:73%
Followed by June’s financial stats
- Net Worth = +5.74
- Investments to Expenses: 59%
My income stayed consistent from June to July. The reason for the jump in net worth, was the performance of the stock market the past month. It was a good feeling making money, from doing nothing.
The amount I saved did go down. My wife and I, are contemplating moving to the city of Chicago. Not exactly sure when, but due to the lifestyle change, we did save a little more in cash to give us flexibility.
My 5 Favorite Posts from June
- Managing Your Credit eBook
- Follow Your Strengths, and the Money Will Follow
- Money ca be a Great Excuse
- Salary Addiction
- How to Improve Your Productivity, Doing Less