Alternative Income: February 2008 (+$252.14)
February is well behind us and the calender is telling me that we are half way through March. I finally managed to drag myself out of the hospital and crunch our numbers for last month.
To state it plainly: Nothing Impressive
The economy is hitting the skids and the Fed dropping rates quicker than I can refresh my account page. This is causing me great angst. The main driver behind my alternative income, our credit card arbitrage, is becoming worth less every day.
When I decided to finally started to maximize my 0% balance transfers last July, I was expecting to earn 5% or more on this balance for months just by placing it in an online savings account. After the Fed’s rapid series of rate cuts, 3% is starting to look like an attractive rate. I am kicking myself for not hedging a portion of this money in CD’s when rates were higher.
Also my Internet derived income PLUNGED from an all time high of $6.36 in January to $0.16 in February. This is more in line with the historical averages of my earnings from my internet related adventures.
February was also a slow month on the farm No harvests right now and if I ever expect to win the lottery I think I am going to have to buy a ticket.
Nothing Impressive BUT, it is extra money in my pocket and yet another stepping stone on the way to financial independence.
