We’ve just passed the half way mark of the Rio Olympics and it sure has been an exciting one. I didn’t watch the opening ceremonies but have been watching a lot of diving, swimming, track and gymnastics.
The summer olympics are definitely my favorite and it seems like the events get more and more exciting as each four years passes, doesn’t it? Maybe it’s also the fact that I’m aging and appreciate ever more the incredible, mind boggling things these athletes are able to accomplish with their bodies. It’s also crazy impressive to see so many veteran olympians.
There have been so many remarkable moments in the Rio games so far – Michael Phelps, Katie Ledecky, Simone Biles, wow! It’s unbelievable how great they are at their sport. In addition to their incredible feats, here’s a recap of my three favorite Rio Olympics highlights so far.
Oksana Chusovitina. Holy canole. This woman defies all odds when it comes to gymnastics. She is 41-years old (41 gymnast OMG!) and Rio is her seventh olympics. Seventh olympics?! 41?! She is a super legend and holy smokes I totally remember watching her compete when I was a kid!!!! It’s hard to believe she has a 16-year-old son, the age of some of her competitors, who is a leukemia survivor. Oksana relocated to Germany and temporarily joined their olympic team in order to afford his treatments. In a sport where age 20 is considered over the hill, Oksana’s love for gymnastics and drive to do better is inspirational to us all.
Dana Vollmer. Another mom on a mission, Dana Vollmer won 3 medals in Rio after becoming a first time mom and returning to swimming just 15 months ago. She’s another phenomenal example of perseverance. Vollmer has beaten a lot of obstacles in her career including a heart condition and injuries to her knee, shoulder and back. On top of that she failed to qualify for the 2008 games in Beijing. But she didn’t let any of that stop her.
Mo Farah. I don’t know much about track and field, but I do know that Mo Farah’s gold medal 10,000 meter race was mind boggling. Farah is lean and crazy fast at 5’9″ and 128 pounds. What struck me most about Mo Farah’s resilience is he fell in the middle of the race! A tumble like that would put most athletes out of medal contention, but not Mo. He didn’t panic. He got up, stayed loose and pulled out in front to win the race. After the race Farah said, “When I fell down I was just thinking, ‘Try to get up, try to get up. Don’t panic, don’t panic, don’t panic.’ And then I got up, and I tried to just get through it. As soon as I got up, I was hoping the guys didn’t see me fall down. They did make a bit of a surge. I thought, it’s O.K., it’s O.K., I still have quite a long way to go.”
New Here? Welcome! Be sure to check out my about page and read how I got paid to break free from a grueling desk job. I publish monthly income reports to track my progress and push myself forward.
2016 Goals Update
I have a couple main career goals for 2016 that I’m actively hustling to meet or beat this year. In each of my income reports, I provide a quick update on my progress:
1) Goal: Invest At Least $5,000 Every Month
I took a break from investing in July after making a sizable $20,000 investment in DVY during June. It’s pretty crazy that the markets recovered so quickly from Brexit and rallied through July.
It feels too good to be true and even though it’s great to have a strong stock market, I still find myself wondering when are the good times going to end?
I want to pay down more mortgage debt and wait a little bit longer before legging back into the markets again.
2) Goal: Grow My Net Worth By $75,000
I’m on a quest to become a multi-millionaire! It’s a long journey, but an exciting and fulfilling one. I recently ran my mid-year net worth figures and was happily surprised that I hit my goal and passed the $1 million mark for the first time ever. I think I can stay above $1 million if I continue to save and the markets don’t tank significantly in the next few years. But it wouldn’t surprise me if we go into another recession next year or in 2018.
I plan to continue freelancing, limiting my spending, paying down debt and legging into more investments in order to hit more financial goals before I turn 40. I’ve been a little under the weather in the last couple weeks and have had to slow down my work pace a bit to give myself more time to rest. It’s frustrating when there’s so much I want to get done but my body puts on the brakes. I’m trying not to get discouraged by setting and sticking to priorities and celebrating the things I do accomplish each day even if I didn’t get through everything I wanted to.
Income Report July 2016
Onwards to my July Income report…
Total Revenue Streams = $19,973
- Project management $11,880
- Editorial, writing, marketing $4,500
- Teaching music, pet sitting, misc. $45
- Dividends & interest income $67
- Rental income $
ADVERTISING & AFFILIATE: $3,481
- Affiliate Partnerships: $2,450
- Contextual Advertising (Adsense): $166
- Other advertising $650
- How To Engineer Your Layoff $112
- Bluehost: $90
- Amazon Associates: $13
Expenses = $(6,005)
- Travel – business: $(400)
- Aweber, Marketing, Subscriptions, Fees: $(355)
- Meals & Entertainment – business: $(300)
- Supplies, fees & misc: $(75)
- Living expenses: $(3,980)
- Meals & entertainment – personal: $(420)
- Travel – personal: $(350)
- Shopping & misc expenses – personal $(250)
$19,973 (Income) – $6,005 (Expenses) = $13,968 PROFITS
Summertime sure accelerates once July hits. My July was a good balance of hard work and leisure although Karl the Fog came back and hung around quite a bit. Unlike most of the U.S., we tend to wear pants and jackets during most of our summer days here.
July was also a good reminder that the year is now more than half over! We have to enjoy the rest of the long summer nights while they still last. It’s also a good time to review the goals you set at the start of the year and think about the steps you can take to complete them before year end.
The olympics are a great source of inspiration we can all tap into even if we aren’t hoping to be super athletes ourselves. There are so many come back stories and true tales of character, tenacity, ambition and endurance. Olympians are a good reminder that we are capable of incredible things that defy the odds of gravity, strength, speed, flexibility and mental toughness.
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Break free! If you’re burnt out of your day job, believe that you too have options and can turn your career around. I didn’t believe I could escape for the longest time, but fortunately I wised up before stress destroyed my relationships with family and my health. I never would have thought I could negotiate a severance package and get paid to leave a job I grew to hate, but I did! Learn how you too can get paid to leave your job like I did and open your eyes to new opportunities.
Untemplaters, are you watching the Rio Olympics? What’s your favorite sport? Which athletes have inspired you in these summer games? Are you on track with your goals?
Copyright 2016. Original content and photography authorized to appear solely on Untemplater.com. Thank you for reading!
Zoya Ali says
Sydney You are really motivation for me i see your Income for the month of August that is shocking for me. i also have site and my income is low daily 2.13.
There were indeed countless amazing stories from the Olympics – it just shows you’re never too young, never too old to achieve something impressive. Meanwhile you’re literally a millionaire! That’s a gold medal right there.
Finance Solver says
Aw man, great job Sydney on reaching the $1m mark! I love how it’s so attainable just by making good choices. I hope to become a multi-millionaire as well so I can give back to my parents who’ve sacrificed and risked everything for me. Your blog is such an inspiration 🙂
I also agree on how high the markets are. Every year I think “how can it be this high?!” then the next year it goes higher and don’t know when the party is going to stop. I hope the party doesn’t stop for the next year because I don’t want my job to be in jeopardy as I JUST started working. Who knows? I’m a firm believer in the environment playing a huge part in one’s success and hope that I can still make my own luck even in a bad environment if the market does tank!
Awesome work! Well done! We’re probably about a decade older than you are? Mid-forties here and still working on reaching the $1M goal. The good news is that we’re what most people consider semi-retired. We left the rat race (myself 20 years ago and DH a decade ago) and never looked back!
Dannielle @ Odd Cents says
This is the first time that I’ve seen one of your income reports and I think it’s great. I’m trying to get to that point too, but I think I need to focus and write down a plan. I have lots of skills, but I’m not sure how I can use them to my advantage.
Btw.. Mo Farah has been the best moment of the Olympics for me so far. He fell down and got right back up and kept going. (He’s going to write an awesome book one of these days.)
Putting together a plan is the best way to get started. Glad to hear you were also inspired by Mo Farah!
Congrats on the success, Sydney!
Your story is inspirational – thank you for sharing… $1 million ain’t bad!
thanks a bunch!
Financial Samurai says
Congrats on breaching $1M and almost getting to $20K!
I can’t believe how strong the stock market is either. I’m selling 5% – 10% of my public holdings with each 1% higher record high. After 7,5 years of straight up, I’m extremely happy to take money off the table, especially after a couple 10% dips over the past two years, and the brexit fiasco.
During good times, it’s easy to forget the pain of losing money. It’s much worse than the joy of making the same amount of money lost.
If you’re already leveraged into real estate and have mortgage debt, you already have exposure. Hence, I do recommend continuing to pay down debt and increase liquidity. Review your positions and pair down risk.
Best of luck!
Thanks Sam! Nice job selling and taking some profits. I paid off $3,000 in mortgage debt today and feel great!
Investment Hunting says
Kudos on a really impressive month and for crossing over $1M. I’m hooked on the Olympics as well. U.S swimming and gymnastics are both having stellar games.
thanks a bunch! The olympics are so amazing!