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Current Goals:

1) $1,000/mo. to short-term savings and $400/mo to investments.
2) Weigh less than 180 pounds by 12/31/21.
3) Read more books.

Previous Goal: Eliminate Mortgage on Rental Property
Interest Rate is 5.125%!

January 1, 2019: $59,592
August 11, 2020: PAID!


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Friday, July 2

My Frugal Miser - June 2021 Income

June was yet another strong month for income.

The Airbnb was booked 29 days.  I blocked one day because we were working in Orlando and don't have a cleaner for when we are away.  July is already fully booked with the exception of one day plus 3 days I have blocked due to our work schedule.

Rent was paid on two of my three Birmingham rentals.  The tenant at the condo did not pay rent.  This has been an ongoing issue that I will need to address once the eviction moratorium has been lifted.  I haven't decided whether I will evict the tenant or simply be more aggressive with collection.  For now, I am taking advantage of having a tenant in place by having some repairs/improvements done.  It's always beneficial having a tenant in place to allow contractors access to the home and to report back to me on their work.

I did a small amount of rideshare.  Lyft offered a $200 bonus for completing 20 rides one week.  Without the bonus it would be hard to justify doing it.  I did 4 meeting jobs:  3 small jobs and one multi-day.

June Income: $10,512

$0 Mystery Shopping/ Merchandising
$1,236 Meeting Jobs
$318 Gig Apps (Rideshare, Food Deliveries, etc.)
$922 Amazon Deliveries
$2425 Rental Income (Rental Expenses:  $1,103)
$3,729 Airbnb Income (Airbnb Expenses:  $1,019)
$10 Interest Income
$1,872 Other Sources

Investment Accounts Change in Value:  $2,574

My investment accounts were up slightly.  I sold a very small portion of my Vereit stock.  The shares fell almost $2/share in June, resulting in a $6,000 paper loss on the remaining shares I have.  I was able to offset that by selling more put options on AMC.  Thus far this has been an easy way to generate cash with relatively low risk.  The strategy is similar to an insurance company collecting a premium on a policy.  I offer someone the ability to sell AMC stock at deeply out of the money prices, and do so on short-dated options.  For example, when AMC was selling for $58/share, I offered a put expiring in one week that could only be exercised if the shares fell below $30/share.  Sure, it's possible for the stock to lose almost half its value in one week.  Just not terribly likely.

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