Saturday 2 February 2019

Income Report: January

The new year has started slowly for me. I think I'm stuck in some form of winter-driven apathy.

My one big success is that I've finally got around to starting a blog. It's still a work-in-progress so I won't push it here right now. But it's part of my strategy for income generation this year. Now I need to work out how to monetize. And if it becomes clear that it isn't going to work then I'll pivot onto the next idea. Ultimately, I'm going to continue to push on.

This month I've also got quite heavily into my word for the year: "investing". There are the obvious connotations, of course. But I'm really talking about it from the angle of investing in myself. Because at the end of the day, the more you invest in yourself, the more recession-proof you can become.

And at the moment, it's not about uplifting my skills (although that's something I want to do). It's been about working on the internal dynamics. I could have all the strategies, tips, tricks and techniques lined up for my side hustles, but if I don't have the right self-worth, the right focus, the right grasp about what makes me tick, then all I'll do is self-sabotage. And I'm good at that. Very good.

So I've been working with a hypnotherapist to work on my deepest darkest limiting beliefs. I also had a session with a trainee coach who needed a guinea pig. It's not going to be an overnight thing. I've been carrying my baggage for a few years now and I can't expect everything to change after a couple of sessions. But I genuinely feel that this is one of the missing parts in my journey. It's about getting to know myself better and to properly understand my "Why".

We often know exactly what we need to do. But we've all got to  ask ourselves what's holding us back from committing and executing.

Resume Writing: $280. I've finally done a bit of the resume writing again. However, I want to diversify my writing income streams. Still, cash is cash is cash.

Additional Writing: $0.  Having a full-time job can be a bit of a drag when it comes to managing my side hustles. I had the chance to earn $520 on a writing gig. Unfortunately, for that I would have to have been available to do a client call during my work day. That simply wasn't an option. Still, it's nice to know there are options still out there.

Stock Dividends: $0.  My goal is to keep building up my dividend income. The one thing I haven't noted down is the dividend payment schedule. In December I got $576 in dividends. Last month, not a penny. Go figure. It's not that hard to get the information. I simply hadn't thought about it. Either way, I haven't got this cash element to add.

Interest: $17. It doesn't look like interest rates will be rising fast anywhere soon so I can't expect this to kick on. But it's there.

Ebooks: $5. I made a bit on my collection of books. But I must focus on marketing them in 2019. They aren't going to be found on Amazon by themselves. (Beginner's Guide to Online Side HustlesCryptocurrency Job Hunting for Non-TechiesThe Simple Guide to a Winning LinkedIn Profile and Craft a Winning Resume).

Coaching: $0. No sessions over the month.

Other: $165. I re-added some designs on Amazon Merch but no takers just yet. But my main random "money making" angle during the month was to take my box of loose coins that I have been collecting over the last year to a coin bank and convert them into notes. Strictly speaking, I always had the cash. But the fact that I'm using what I already have is exactly the point of being smart and efficient with your money. I'm going to try to apply this same principle in less obvious contexts to see what other cash I can bring in.

Total: $467. The only way is up! This was my lowest income level for a very long time. But that's fine. I'm investing in myself for the longer term at the moment and I can expect bigger and better numbers as my world evolves