photo credit: ninjapoodlesWelcome to PFI and the weekly updates. A lot has happened again in the stock market and the global economy in the past week. Just a few days after the worst week on Wall Street, we saw the biggest point gain ever on the Dow. It appears now that the stock market has stabilized somewhat and we are gearing up for earnings season. As a sign of a global economic slowdown and spiraling effects of the credit crunch, Ingersoll-Rand cut their 3rd-quarter profit outlook. The automakers are also reporting sharp declines in sales due to tightening credit. I am taking note at these signs that things are worsening in the overall economy, not just in the financial sector.
Updates
I am continuing to follow the steps I laid out to prepare for a financial crisis by writing more sponsored posts. I am working to increase my cash position that can be used in an emergency or to purchase some high quality dividend stocks that have been beaten down. I am also starting to ramp up writing articles for eHow. I have written six articles so far and have started to see a little residual income trickle in. My eHow articles include the following -
- How to sell covered call options
- How to secure a loan from Prosper
- How to save money on your grocery bill
- How to properly store wine
- How to drink wine for beginners
- How to read wine labels
As you can probably tell, I have two current themes that I am writing about. Outside of personal finance, I like to write about wine. While I fell short on my September goals of having ten eHow articles written, I am planning to ramp things up in October.
Articles I liked this week
Here are some of the articles I enjoyed reading over the past week -
1 – Dividends4Life posts some lessons on when to sell a dividend stock after a company cuts their dividend. Wish I would have followed some of these lessons a few months ago!
2 – Bible Money Matters provides us with an excellent list of things you shouldn’t do in an economic crisis.
3 – Dawn at Fighting Foreclosure gives us some tips on frugal landscaping.
4 – Online Dividends discusses if you should own your own domain or use a free one when starting a blog.
5 – Scott at The Passive Dad gives us an option for a passive income stream by renting out garage or driveway space in areas where parking is limited. I always love to hear new ideas for creating income!
Have an excellent week!
{ 4 comments… read them below or add one }
Thanks for the link! Thanks for the tip on Ehow- i may have to look into writing some articles over there.
I just started trying to make some residual income from writing reviews over at ciao.com – i started yesterday and already have $7.50! not too bad!
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Thanks for the link. Are you making any significant amount of money at Ehow? Also how are you compensated there?
I read the blog of a lady that had about 200+ articles at ehow, making $500-$600 month.
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Thanks for the kind mention!
Bst Wishes,
D4L
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Pete – I signed up for Ciao.com but was a little confused on how it worked. Not enough time I guess.
Online Dividends – No significant money yet. In 6 weeks, I have made $3.55. Obviously not much, but I have not spent a lot of time doing it. I also have read where some people are making well over $100 / month from their articles.
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