Monday 31 August 2020

Income Report: August - and a Time to Pause

As mentioned over the last few months, I've had a bit of an existential crisis with my side hustles. No focus, no motivation and...ultimately no progress.

And when I look back to my entries over the last several months (and we're talking way back into 2019), there really wasn't much of shift in the needle. 

Sure, I've taken on a bit more writing. And, yes, my stock dividend approach has been supportive. But I'm really spinning wheels and not really on any path right now.

So I've decided to pause these entries. I don't know for how long. It could be a month. It could be a year. It could be longer. Maybe I'll come back with quarterly updates.

I can't kid myself any longer that my side ventures and passive income will get me anywhere close to achieving financial freedom. It's not happening. I just need to take a step away and quietly work on myself and the income streams before coming back. 

It's time to declutter things I do for the sake of doing (e.g. these posts) and put my energy into areas that add value. At the moment, this blog isn't adding much value for me - it's simply a reminder of how slow my progress is. I also need to focus on my Financial Jobs Hunt site.

So, for now, it's one last round-up of how things went:

Resume Writing: $0. If I can make the time, this one has legs going into a major global recession. I just haven't made the time.

Additional Writing: $230.  My regular writing gig is ticking over. That's the one constant.

Stock Dividends: $205. This is the other pillar in my numbers. Consistent enough.

Interest: $15. I'm guessing it's something like that but I need to work smarter here as well.

Ebooks: $0. Nope. There's a load of value in these books. 100%. They are based on work I've actually done as a practitioner. But marketing isn't my strong point. And I need to do more. (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.

Other: $0. Nothing to add.

Total: $450. It's nice to have this. But if I'm being honest I haven't pushed on. So this is a time for reflection and re-evaluation. Hopefully, I'll be able to come back firing on all cylinders. Hopefully. I have to act intentionally. Building income online is the way forward.

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