Gen Y Wealth Monthly Review/Yakezie Update | October 2010

by RJ

in Random

There are a few reason why I choose to share  personal, financial, and business updates every month.. First and most importantly, I have a chance to measure my efforts from the previous month. Second, since I write a lot about finance, it’s only fair to hold myself accountable my own financial behavior. Third, I get a chance to share any goals or personal updates I have in my life.

I 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.

Email Subscribers

The most important measure of success I have with Gen Y Wealth is email subscribers. On September 30, I had 171 email subscribers. As I write this on November, 1st, I have 213. My goal with email subscribers is to always grow my list by 10% each month. A feat I was able to accomplish in October. (:

October Website Traffic

September 2010

  • Alexa Rankings: 444,991
  • Absolute Visitors: 3,781
  • Page Views: 15,968
  • Average Time: 3:36

October 2010

  • Alexa Rankings: 328,090
  • Absolute Visitors: 2,761
  • Page Views: 11,704
  • Average Time: 2:55

I’m very happy with my Alexa ranking. My goal, as stated when I first joined the Yakezie challenge, is to move into the top 200,000 by the end of the year. It will take a strong, November and December, but I can get there.

As for the visitor count over the past month, it’s disappointing that it’s down. However, that is not necessarily a bad thing. September’s traffic numbers were the highest ever due to a link from The Simple Dollar. A personal finance blog that has over 86,000 readers. I didn’t expect to sustain these numbers in October, unless I was able to score another link from one of the bigger personal finance sites.

Overall, the long term trend is up. As you can see with my Alexa ranking. A trend that I’m happy with. (:

Personal Finance Update

If any homeowners who use Mint, experienced a drastic change in their Net Worth over this past month, let me know. My home went from not being a part of my net worth, to being a part of my net worth. I can’t figure out if I did it, or something the software did.

The good news is, Mint says my Net Worth went up by $297,000. The bad news is, that’s not true. So for now, the personal finance update, has to be put on hold for now.

Personal Update

My wife and I have decided not to sell our house for another 18 months. It’s a little disappointing that we have to stay put for another year, but it’s something I’m willing to accept.

Financially, it makes a lot of sense. If we moved now, not only would we have to sell our house for a little less than we paid, we would have to repay the $8,000 tax credit.

Even more in our favor to stay, we just refinanced. Due to our good credit scores, we’re able to save around $5,000 per year in interest payments.

In a perfect world, we would continue to pay down our mortgage and the real estate market will go up. Then in 2012, we can sell the house for more than we paid. All I can do is for now though, is wait and see.

Favorite Posts from October

In case you missed, them, here are my favorite posts from October.

  1. 5 Unconventional Ideas That Really Shouldn’t Be
  2. When the Levee Breaks
  3. How to Massively Increase the Chance of Achieving Your Financial Goals
  4. How to Identify the Root of a Problem in Under 5 Minutes

Thanks everyone!

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{ 1 comment }

Briana @ GBRNo Gravatar November 3, 2010 at 6:22 pm

Congratulations on increasing your Alexa rank! Also, with Mint, I’ve been having a few issues here and there also. Not with home, but with a few of my accounts not updating, then updating when they want to. Anywho, keep up the good work! And I may have missed it, but how come you and your wife are looking to move?

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