Debt Consolidation complete for now!

Ok, I’m card hopping - not the best routine, but better than getting killed with high interest rates.  Now I the most I’m paying is 4.99% at Bofa for about 11K of debt.  The rest of my $15K debt is at zero percent.  This means that I’m paying about $525/year in interest charges down from $2100 just a few months back.  Also, I increased my credit limit on my bofa card to 16K.

FALLING BACK INTO THE DEBT PATTERN

Since my rental check didn’t come in, I have not been able to pay the bills so I had to put it on my credit card.  This is the same pattern that happens so quickly with falling into debt.  I have not at all been able to spend time focusing on film - especially my own projects which I direct and/or produce.  I have people pissed off at me, but I’m trying to make them understand that working on a non-paid project is hard to justify when I can’t pay my bills.

TO BLOG OR NOT TO BLOG? 

A few weeks back I was studying about blogging intensely, but realized that if I put that same effort to learning about real estate my wealth will increase even more.  So I have been focused on that. I’m not going to discontinue blogging, but it will be much further back on the priority list.  I do see a passive income stream there, but a slower one.  I have one site already set up with google adsense and will maintain it.  However, I don’t think I will start anything soon.

I’m also looking to get a job with an airline or some other franchise or both.  This way,  I can visit my parents more frequently.

MY PRIORITIES

My priorities are in a state of flux.  Previously, it was in this order:

1. Film/Acting
2. Family
3. Travel

Then last month it was:
1. Family
2. Finance
3. Film
4. Travel

Now since I’ve seen my  parents recently it’s:
1. Finance
2. Family
3. Film
4. Travel

I have a pretty clear vision now of where I’m going.  A few variables are getting a job to pay the bills until the passive income kicks into a higher gear (at least $2K/mo).

Tags: balance transfer, debt consolidation, passive income, priority