FMD 1Q Profits up 25% April 28

Filed under Personal Finance by RohailR | 4 comments

Check it out: http://biz.yahoo.com/ap/060427/earns_first_marblehead.html?.v=1.

This stock is going to at least $60 :) (Purchased at $47)

Cash Allocation April 17

Filed under Personal Finance by RohailR | 3 comments

Just thought it’d be a good idea for me to keep track of where my money is:

Emigrant-Direct 4.25% American Dream Savings Account $101.67

BofA Primary Checking $44.44

BofA Regular Savings $300.82

PayPal Balance $22.00

Total: $468.93

Other variable assets:

Stocks~$1000

Liabilities

Student Loans $8000

Credit Card paid off in full each month-$0

If anyone is looking for a place to put their money in a savings account, I strongly recommend a high-yield online savings account such as those offered by Emigrant-Direct, ING, HSBC, and now CitiBank.

A quick comparison of the four as of April 17, 2006:

Emigrant Direct 4.5%

ING Direct’s Orange Savings Account 3.8%

Citibank e-Savings 4.5%

HSBC 4.8%

Long term versus Short term goals April 12

Filed under Entrepreneurship, Personal Finance, Investing by RohailR | 2 comments

One of the reasons I’ve decided to start this blog is to make it easier for me to follow up on the goals that I have set for myself. These consist of several short-term, medium-term, and long-term goals and are as follows:

Short-term

Set up merchant account to allow credit card purchases on CampingCook.com
Start thinking of other niches that I could get into to further my online presence.
Link to other blogs.
Look for ways to promote my online business.
Look for a good web designer for one of my bigger upcoming projects.
Read Think and Grow Rich.
Read as many books on start-ups as I can.
Have at least $1000 a month coming in from my business ventures by the end of summer.

Medium-term

Become a “yopo” or young professional on okdork.com
Have at least 4 different sources of income, balanced for diversification.
Pay off student loans within 3 years of graduation.
Accumalate at least $1,000,000 $3,000,000 in assets by the age of 27.

Long-term

Create as many investment vehicles as possible and generate positive cash flow each month.
Save as much as I can towards retirement.
Retire by the age of 35.

First Post April 11

Filed under Entrepreneurship, Personal Finance, Investing by RohailR | 2 comments

This blog is devoted to tracking my journey to financial success by way of investing, entreprenurial ventures, and other crazy ideas. I am 18 today, let’s see how far I can advance financially by the age of 19.