Tuesday, October 7, 2014

Day 15: Getting Down to the Numbers

Mountain Dew Challenge complete! I sold my final Mountain Dew last night at around 9 pm and it was a big relief to realize that I would not have to drink it after all. After that glowing feeling of success wore off though, I came to the realization of my total net profit from that investment, an incredible, $1.57... not quite going to put enough points on the board to get me to go to BYUI in January.

So tonight I started taking a harder look at what it is really going to take to make this thing happen and crunched some real numbers. I realized with standard expenses from my life right now it would by necessity suck out around 570 dollars a month right now (last month's expenses exceeding 670 dollars.) That is a major hole that I have left unaccounted for in my earlier estimations.  That will add up to be around $1,300 before I leave for college. So really when I was shooting for $5,000, what I really am needing is somewhere closer to $6,300 plus what taxes is going to take out.

That is a whole lot more money!! So I'm going back to the drawing board knowing what got me here won't get me there. I am going to focus instead of on little items like Mountain Dew, I am going to focus on major items that can move me up at around a $100 a time. So instead of whatever the outragous number of cans I would have to sell, it moves it down to a bit more realistic, however still crazy number of 63 sales between now and January.

It's not easy making green!

-Bruce

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