Thursday 4 July 2019

Income Report: June

Well, the slow walk to freedom continues.

Because I'm less keen on trading my time for money I've turned down few writing gigs. I'm not sure whether this is the way to go (maybe I should be keeping my eye in) but it's allowed me to work on my blog.

The trouble with my blog is that it's currently on Godaddy and I've decided that I need to transition it to WordPress. Better SEO, themes, plugins and so on.

But at least I got Finance Job Hunter up and running. Even if I have to transfer the hosting, I still have the content and the ideas to work with. I also signed up to Infolinks as a monetizing tool.

All of these ideas are all part of my goal of futureproofing my world, or at the very least being more prepared for what the external world throws at me.

So, how was the month?

Resume Writing: $0. Completely side-stepped my most consistent earner. I'll do one or two this month, and I need to keep the skills fresh for my bigger consulting business goal. But the trading time for money situation isn't ideal at the moment.

Additional Writing: $0.  Nothing here for me.

Dividends: $203. Still a fave approach for me and I continue to buy dividend-yielding exchange-traded funds to grow this passive income stream. If you want to better understand the principles, I recommend The Snowball Effect: Using Dividend & Interest Reinvestment To Help You Retire On Time. It's one of the lower risk ways in which to build passive income.

eBooks: $8.  Things have ticked up slightly, though some marketing would clearly be good for my portfolio (Beginner's Guide to Online Side HustlesCryptocurrency Job Hunting for Non-TechiesThe Simple Guide to a Winning LinkedIn Profile and Craft a Winning Resume).

Interest: $17. This is consistent, though if I worked my funds a bit better I'm sure I could improve this figure.

Vouchers: $127. This isn't something I've thought about counting in the past. However, I realized that I've effectively been converting credit card points into cash. The points are turned into supermarket vouchers with a cash value. So every time I convert some, I'll record them in this monthly data. It's money after all.

Other: $2. It's hardly going to change the trajectory of my finances, but I've signed up for doing surveys on UserCrowd. The company occasionally sends invites to my email inbox while I'm watching a bit of mindless TV. They only take a minute and are about $0.20 a time (so far), so it's no big deal either way.

Total: $357. We're not talking big numbers here. It's lower than most of my months. But it does make me conscious about the importance of finding ways to generate income and how I can add a few dollars here and there when I try.