As Americans celebrate their independence on this day, I yarn for the day when I am free (at least in the way I envision it)! Freedom is one of those things that you have to fight to gain and continue to fight in order to keep and whatever struggle you encounter along the way is worth it.  As I celebrate this day and continue to reminisce on a day to come, I encourage everyone to chase freedom…whatever that means for you.

1st quarter has passed, 2nd quarter has come to an end and 3rd quarter has just begun (as of July 1st). I can’t believe that six months have gone by and we have used up more than half the year…WOW! Time really does fly. But, I must say that 2nd quarter has by far been my greatest quarter this year (but I am confident that 3rd quarter will be even better). This past quarter has taught me to expect the unexpected, that anything is possible in the life of a dreamer. The levels of success that I’ve been able to achieve thus far was never imagined by myself, but it has stretched my mind into new levels of thinking about my future. I am excited to see, chase and behold what the future has to offer.

Ok, ok, ok…I am going to tell you how 2nd quarter went (specifically). I set some 2nd quarter goals that I wanted to accomplish three months ago and now is the time to go over then.

According to the goals that I set for myself…

Emergency Fund Account: $500

According to my 2nd quarter goal, I wanted to build my emergency fund account to $500 (from $250). I was able to do this by simply saving small amounts of my weekly paycheck. Since I already had about $250 in my account…all I had to do was save another $250, which was about $20 weekly (for about 13 weeks).

So why is an emergency fund important? How do I start to build/put one together? Well…reading this article (How and Why To Start An Emergency Fund) by J.D. @ GetRichSlowly will help you a lot.

The reason I am building an emergency fund (other than it makes sense to do so) is to have a sense of security that if I was to lose my income for 3 months,  I could still support myself and my goals.

House/Investment Property Savings: $1,000

According to my second quarter goal, I wanted to build my house/investment property savings account to $1,000 (from $500). I was able to accomplish this goal by employing the same strategy that I used to build my emergency fund account. I just saved a part of my weekly paycheck to build another $500 ( about $40/weekly) into my already $500 account (for a total of $1,000).

It’s always important to educate yourself before any process. Recently I’ve been educating myself in real estate investing (specifically multifamily units like duplexes, triplexes and quads). It’s been very exciting and I can’t wait to dive into this type of investing in the near future.

With the recent downtrend in the housing market, there has been a lot of opportunities that have poped up. If things continue to grow at this pace in the 3rd quarter, buying an investment property will be a lot more tempting ( like it’s not already…lol). But for now, let’s keep building up the bank accounts for major moves in the future.

Stock Trading Account: $20,000

According to my 2nd quarter goal, I wanted to take my stock portfolio account from a value of $2,500 to $4,000 ( about a 64% gain). Well as you can see, I more than exceeded myself again. I ended 2nd quarter with an account balance of a little more than $20,000 (which is about an 800% gain for the quarter), this is really exciting. I’ve got to admit that I did not expect this kind of growth in one quarter…but hey, that is the power of penny stocks.

So what caused this kind of growth? This tremendous growth in one quarter was due to my investment in Spongetech (SPNG). It basically went from $0.01 to a high of $0.28  and I ended up selling most of my shares (still holding about 20,000 shares) at $0.18 to diversify my account with other potential winners.

I had two main reasons for selling most of my shares of Spongetech and the first was to most importantly lock in my gains (selling the stock when you are making money). When a stock increases in price like Spongetech did in the 2nd quarter, it’s bound to cool off (go down) a little. So what I did was sell most of my shares to find other stocks that are getting ready to run (like MGLG, SYNJ, NXHD, LFTB and WNBD), while letting Spongetech take his/her break. The second reason for selling most of my shares of Spongetech is not that I don’t believe that it’s going past $1, but because I think it will take some time now. Unless the company comes out with major news of uplisting the company to NASDAQ or some orders from Wal-Mart, I don’t think we will see a major move in Spongetech in some time. But the company is very health and will surely grow over time (hence I still own some shares).

Bringing it all back…we have  had a tremendous 2nd quarter investing in penny stocks (I’ve increased my portfolio value more than 4,000% since January), let’s hope for the best for 3rd quarter and the rest of the year. Where else do you see this kind of results? How did your stock portfolio perform since January? I am not bragging (or maybe I am), but really trying to get you thinking.

Also, don’t miss the first round of M.N.S.P. starting this  Monday July 6th. I will be recommending stocks that I think will gain you at least a 10% for the week (10% weekly adds up).

Passive Income: $500/monthly

I am so excited right now to introduce you all to this new section of my pursuit to freedom. I’ve talked about passive income quit a while on this blog. One of the things that I am working towards is establishing a residual/passive income of $3,000+ on a monthly basis before making the decision of leaving my 9-5 job (more like 8am-6pm).

According to my game plan for freedom, I am suppose to establish a residual income of $500 starting this quarter (3rd). I excited to let you all know that I have been able to also accomplish this goal (this was actually accomplished a while ago). So what or how did I do it? Well…like many wealth builders like Robert Kiyosaki recommend, I’ve partnered myself with a multi-level marketing organization called Amway Global and a business team called Leadership Team Development (L.T.D.). I know many people will conclude that they know or have had experiences with either of these two organizations, I hope their experiences have been great like mine.

Aligning yourself with an organization like Amway Global (and many others) will help you to start on your path to building residual income without the risk of capital, knowledge, etc. I will be writing more about these types of organizations in the future.

There will be a lot more residual streams of income to be added to my growing portfolio of residual incomes. I am already thinking and working on a couple of things now and will  introduce them to you all when I report again about my residual income venture after 4th quarter.

WOW! This has got to be the longest blog I’ve ever written (as I take a two minute typing break to recoperate). I have a lot more to share but will hold off for now…until later. I will be setting some goals for this quarter (3rd) this weekend and letting you all know soon.

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Where you end up 5-10 years from now will be largely determined by the type of friends you surround (associate) yourself with. If you don’t believe me, think back 5-10 years ago. What kinds of people did you associate yourself with? Where were they headed? What was their thought process about the past, present and future? And, where are you now?

See…your association of friends determine your state of mind about your future. How? Well, the simple fact that you are around your current friends proves that you either agree with their mindset about the future (or you soon will). Once your mindset about your future has been determine, the next thing is to carry it out through actions. As years pass because of the mindset you have about your future, you begin to take actions that line up with your belief  (mindset determined by your association) about your future.

So, why am I talking about your friends today (I am glad you asked)?  See…this weekend I got a chance to associate myself with a group of friends that not only stretched my mind about personal finance, but also stretched me in the areas of mentality and spiritually. And why is this important? The importance in this statement is that you need to make sure that you are consistently associating yourself with people that stretch you and make you want to move to new levels.

Why? Because you are either living or dieing. The day you stop being hungry about growing into a better you is the same day you begin the process of dieing. I’m not saying to discriminate on the people around you, unconditionally love everyone around you but understand that your time is conditional, so use it wisely. If you are looking to do great things in the world, then make sure your friends are on similar paths or have already accomplished what you are chasing.

Just what I was thinking at the time and thought I’d share…

Sometimes when it comes to buying certain penny stocks it’s all about how you feel about the future potential of the company that you are investing in. That is exactly the case when it comes to explaining the reason I bought 13.5 million shares of Nexia Holding Inc. (NXHD)…I feel (or I felt) good about it.

Nexia is extremely undervalued (in my opinion), considering some of the things that are coming through the pipeline. Nexia is a diversified holding company with three different companies (basically). Nexia owns Landis Salons (which is going national very soon), Black Chandelier clothing line, and a real estate business model that is taking advantage of the low price points in the real estate market today.

But after this first level of interest, the thing that makes a company move in a way that creates a lot of gains for it’s shareholders is other people’s opinion. Although I feel that this company has the potentials to increase in share price, other investors have to believe this same fact (or opinion, it doesn’t really matter). It’s all about supply and demand and as investors start to become a little knowledgeable about Nexia they will be interested in investing. This will create increased demand which automatically increases share price.

I bought my 13.5 million shares of NXHD @ $0.0002 (Yes, I know…very cheap, huh?). This company is looking really good now and I will be holding for awhile to see what transpires of this company. I don’t like to create false illusions, but think about what my account would look like once this goes up to $0.01…lol. In case you didn’t calculate that right, let me tell you what it means for me if this company reached $.01…$135,000.

Keep an eye on this one cause I surely will and will be keeping you updated along the way if you are subscribed (Email or RSS) to Mybarnabas.com

It’s official, it’s written in stone ( like the Ten Commandments), it’s non-erasable (like a pen..get it? lol), it’s done, it’s finished (like Jesus said), Yes…We did it. We did what? Mybarnabas.com has reached 50 subscribers.

Congrats to everyone here, we did it. We’ve reach 50 subscribers and will be moving on from here, but let’s take this time to celebrate the growth we’ve experienced thus far. I personally want to thank everyone here for helping this community reach this new level of success. Like I said before, Mybarnabas.com will continue to be a place that you can come for encouragement, knowledge, fun, and more. There will be a lot of cool things coming down the pipeline in the near future. Also, if you have any suggestion on how I can make this community better, don’t hesitate to shoot me a message.

This is just the beginning, Mybarnabas.com will continue to grow into a huge community where many people can come, join, and even participate.

Again, I want to thank everyone and to show my appreciation to this community I will be doing two things. First I will be doing a $100 Giveaway, information on how to enter and win this giveaway will follow on a future post.

Secondly, starting July 6th (first Monday in the 3rd quarter) is our long awaited Monday Night Stock Picks (M.N.S.P.) This is going to be a great opportunity for those of you who are interested in finding winning stocks in the market. Also for those of you who know how to find wining stocks and would like to share it with the community.

In order for us to continue to grow, we are going to need you subscribe to Mybarnabas.com (Email or RSS)

Earlier this week, I went on a $14,000 + shopping stocks-spree but I guess that wasn’t enough. I say this because today I decided to make another purchase, I decided to add another potential-dollar-company to my existing portfolio. Ok, so what did I buy? (hold your horses, I am about to tell you). Well…before I tell you what I bought, let me tell you why I bought it (I think this will help you to be able to identify other potential stocks).

Today, the company that I decided to buy 23,000 shares (looking to buy more) was approved for a market test in the biggest company in the world (according to revenue). Yes! You guessed it…..WALMART! That’s huge, you don’t just get into WALMART…everyone knows that. But once you are in, that builds credibility for you to move into others…easily.

Ok, so you still want to know what company I bought today? Alright I’ll tell you, I bought 23,000 shares of Left Behind Games, Inc. (LFBG) at an average share price of $0.08. Money flew into this company all day because of their announcement of  an approval for a market test for their games in Walmart. This company not only plans to have its games in Walmart before the Christmas shopping season, but also plans to get into other stores like Walgreens, K-Mart, Target and more.

All of this, tells me one thing….there is more to come (and when it does, I’ll be right here holding for the big gains). There is no question in my mind whether this company can go past $1 per share. They’ve done it before with less promising news in the horizon, so they can do it again (specially once they get big sales from the biggest company in the world…Walmart).

Don’t be “Left behind…” lol.

Until next time, I’ll be looking to accumulated more shares of this company for the long term. To get updates on this story, make sure you are subscribed (Email or RSS) to Mybarnbas.com.