Wednesday, August 19, 2009

An Update

Well, it has only been about 2 weeks since I posted last. I must be getting better at this. I do have a full time job that takes up most of my time. I am an Environmental Consultant with aspirations of starting my own company. "I thought you wanted to retire" you might say. Well I mean retire from the rat race. I want to be free to work when I want to. I actually have created my own LLC so that when I go on "marketing trips" and "buying trips" to Asia or S. America I can use it as a business deduction. I am in the process of getting all my streams of income blanketed under the LLC. If anyone would like to be an affiliate for Best Medication Station please contact me at I am looking for a few affiliates that will send me clients of the best sorts.

As an investment, I bought some foreclosed timeshares in Sebring, FL on Lake Jackson. I am vacationing there week after next. I plan to rent them when I am not there. They are at Harder Hall Resort Villa. If anyone is interested in a week in South Central FL close to Orlando, contact me. I am also interested in purchasing some wooded acreage in south LA, MS, or AL. If anyone has or knows of 80-100 acres of land for sale at a decent price, again contact me. Well, that's the update. Please check out the sponsors. Thanks!

Wednesday, August 05, 2009

Multiple Streams of Income

In this blog many of my posts have been off-topic. Well from now on I am going to make a concerted effort to stay with the program. The program is how to obtain enough wealth to retire early. When I say retire, I don't mean move into an assisted living facility and knit all day. I don't even now how to knit. I mean I would be free to work or not work, if I wanted to and when I wanted to. Besides saving money from my full-time job and investing it, there are many other ways that I attempt to make money. It is called making multiple streams of income, and the best type of income stream to have is passive income. With passive income you do not physically have to be on the job 8 hours a day. Most bloggers know that if they have AdSense or other ads on their blog, then they could be making money any hour of the day. We have all seen the ad that says "I made x amount of dollars in my sleep".

So, I have been using this multiple stream of passive income model to obtain my goal of retiring early. I also invest in the stock market, buy municipal bonds when the deal is right, and have several websites. You should enhance your financial education by reading, listening to financial recordings, and attending seminars. This is important, not only for the financial education but the motivation as well. It is too easy to just stay in the rat race and say its too hard to start my own business or businesses. One person, who's books I have enjoyed reading is Robert Kiyosaki. I have learned a lot from his writings and tomorrow I am actually going to a free Launch your Business workshop, taught by his company. I am very excited about this opportunity. So from now on I am going to try to stay on topic here, without being boring. I am sure I will add news other than financial or business from time to time but the main goal of this blog is to discuss how to get out of the rat race.

Tuesday, August 04, 2009

Check Out This Stock

I gennerally do not buy penny stocks but this morning when I was going through the financial news I cam across a biotech stock report that caught my attention.

"Palatin Technologies (PTN) announced that it has received a Notice of Allowance from the U.S. Patent and Trademark Office for its U.S. Patent Application Number 11/694,260, titled "Cyclic Natriuretic Peptide Constructs." Palatin expects the patent will issue in the second half of 2009; the patent's 20-year term would expire in 2027."

I had no idea the price of this stock having never heard if it, so I looked it up and it was selling at 0.27. So I bought a few thousand shares. At first it shot straight up until it hit around 0.40, where it is hovering now. After I bought it I did a little research and found out that last year it dropped from 2.00 to 0.05. I am not really sure what this means but I put a quote box with PTN in the sidebar. I am not trying to get anyone to jump on the bandwagon, just thought that if anyone was looking for a speculative stock with patent rights to a class of drugs that may become in demand.