{"id":502240,"date":"2010-04-01T18:52:10","date_gmt":"2010-04-01T22:52:10","guid":{"rendered":"http:\/\/www.lazymanandmoney.com\/?p=2808"},"modified":"2010-04-01T18:52:10","modified_gmt":"2010-04-01T22:52:10","slug":"no-more-alternative-income-reports","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/502240","title":{"rendered":"No More Alternative Income Reports"},"content":{"rendered":"<p>Today, I&#8217;ve decided to formally end my Alternative Income reports.  I don&#8217;t think too many people will miss them since I haven&#8217;t done the reports in around months.  Some might wonder why I stopped doing them.  Well, a wise friend of mine once said that if he ever hit the lottery, he wouldn&#8217;t tell a soul for six months, while he set up proper estate planning.  Nearly six months ago, I found myself in that exact situation.  So behind the scenes here , I&#8217;ve been taking his advice and implementing his plan.<\/p>\n<p>With that fortunate bounce of the ping-pong balls, I had been more preoccupied with making sure that it was protected than blogging about my Alternative Income.  The few thousand a month that I make is really just a drop in the bucket in the grand scheme of things.<\/p>\n<p>As for the overall estate planning, I should give some details on how I managed it.  First, I opted to take the money as a lump sum payment and of course significant taxes were taken from it.  The rest of it was divided up in the following ways:<\/p>\n<ul>\n<li><b>Spending Spree &#8211; 5%<\/b> &#8211; Earlier this week I had a problem of not being able to figure what I wanted for my birthday.  This is a direct result of that spree.  Once I got a new computer and a few other toys it was time to be a little more responsible.<\/li>\n<li><b>Speculative Investing &#8211; 5%<\/b> &#8211; This is the money that I put into speculative investments.  For instance, some of that money went to <a href=\"http:\/\/www.lazymanandmoney.com\/go\/lendingClub\">Lending Club<\/a> and some of that money will be used for me to expand this website and expand my web presence elsewhere.<\/li>\n<li><b>Annuity &#8211; 30%<\/b> &#8211; Putting 30% of the money in an annuity gives us a guaranteed stream of income which will help us live our lifestyle.  Think of it as an emergency fund on steroids<\/li>\n<li><b>Domestic Stocks &#8211; 20%<\/b> &#8211; A simple purchase of Vanguard&#8217;s Total Market Index ETF (VTI) filled this easily<\/li>\n<li><b>International Stocks &#8211; 20%<\/b> &#8211; A simple purchase of Vanguard&#8217;s All-World ex-US ETF (VEU) covered this well with no duplication of the above<\/li>\n<li><b>Various Bonds &#8211; 20%<\/b> &#8211; The Vanguard investing tripod stands strong with the purchase of Vanguard Total Bond Market ETF (BND).<\/li>\n<\/ul>\n<p>One of the more challenging issues was making sure that I didn&#8217;t put too much money in one banking institution.  The reason I wanted to spread it around was in the rare circumstance of bank failure, I could still count on FDIC insurance to help out.<\/p>\n<p>How would you have handled a sudden windfall like winning the lottery?<\/p>\n<p>Related posts:<\/p>\n<ol>\n<li><a href='http:\/\/www.lazymanandmoney.com\/alternative-income-streams-november-2007\/' rel='bookmark' title='Permanent Link: Alternative Income Streams &#8211; November 2007'>Alternative Income Streams &#8211; November 2007<\/a> <small>With the start of another month, it&#8217;s time to review&#8230;<\/small><\/li>\n<li><a href='http:\/\/www.lazymanandmoney.com\/217\/' rel='bookmark' title='Permanent Link: Alternative Income Streams Progress &#8211; January 2007'>Alternative Income Streams Progress &#8211; January 2007<\/a> <small>This is the fifth installment tracking of my alternative income&#8230;<\/small><\/li>\n<li><a href='http:\/\/www.lazymanandmoney.com\/a-lazy-portfolio\/' rel='bookmark' title='Permanent Link: A Lazy Portfolio'>A Lazy Portfolio<\/a> <small>Investing can seem very complex if you are new to&#8230;<\/small><\/li>\n<li><a href='http:\/\/www.lazymanandmoney.com\/alternative-income-streams-march-2009\/' rel='bookmark' title='Permanent Link: Alternative Income Streams &#8211; March 2009'>Alternative Income Streams &#8211; March 2009<\/a> <small>Another month is over and it&#8217;s time to go back&#8230;<\/small><\/li>\n<li><a href='http:\/\/www.lazymanandmoney.com\/alternative-income-streams-august-2009\/' rel='bookmark' title='Permanent Link: Alternative Income Streams &#8211; August 2009'>Alternative Income Streams &#8211; August 2009<\/a> <small>Another month is in the books and it&#8217;s time to&#8230;<\/small><\/li>\n<\/ol>\n<p><a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/WFXLontq7jj2K4aknOEgiPvtd2Q\/0\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/WFXLontq7jj2K4aknOEgiPvtd2Q\/0\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><br \/>\n<a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/WFXLontq7jj2K4aknOEgiPvtd2Q\/1\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/WFXLontq7jj2K4aknOEgiPvtd2Q\/1\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/LazyManAndMoney?a=rXX4CW2mS0E:P5mr45xUN3I:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/LazyManAndMoney?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/LazyManAndMoney\/~4\/rXX4CW2mS0E\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today, I&#8217;ve decided to formally end my Alternative Income reports. I don&#8217;t think too many people will miss them since I haven&#8217;t done the reports in around months. Some might wonder why I stopped doing them. Well, a wise friend of mine once said that if he ever hit the lottery, he wouldn&#8217;t tell a [&hellip;]<\/p>\n","protected":false},"author":668,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-502240","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/502240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/668"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=502240"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/502240\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=502240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=502240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=502240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}