Friday, 31 January 2020

Income Report: January

New year, new re-set.

Essentially, I've now switched to playing a long game to making additional income. It was great being transactional, picking up dollars here and there. But to meet my goal of trading less time for money I've been turning down some gigs in order to focus on longer-term business building.

Because of my longer-term focus, I've invested more time in learning. This month I've started the long road to learn some coding. Python, to be precise. I have no intention or expectation of becoming a coding expert. What I do realize, however, is that I need to add a few extra skills to my core offering in order to remain relevant.

I'm also continuing my learning about SEO, relevant in the development of my website. This is a slower slog than I was framing for a year ago. But hopefully, some of this upfront effort will put me on a firmer footing going forward.

My goal is to have a solid foundation in 2020. In the long term, I hope to be able to completely or substantially replace my current salary. But that's not reasonable thinking at the moment.

Still, I do know that I have to keep creating, keep experimenting and keep learning.

Anyway, so to start the year, it's been monumentally slow:

Resume Writing: $0. I turned down work on this front. At the moment I'm not ready to jump into this. That said, it will still be relevant to future income streams if possible

Additional Writing: $0.  Nope. Didn't look for any and wasn't approached.

Stock Dividends: $0.  It wasn't my month for getting paid any dividends. Still, it's an investment strategy that works. I'll keep investing and I'll keep picking up dividends.

Interest: $28. It ticks along but is never going to move the dial.

Ebooks: $4. Got a few sales late in the month on changing a few keywords on Amazon. I plan to add a few books to a new platform this month so we'll see what happens. (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. 

Total: $32. The only way is up. This is an all-time low. I probably made more on the interest front than I've recorded, to be fair. But it will hardly move the needle.

This is a year of building, however. My website. Using what I already have. Using what's worked well before. Looking for higher-paying writing gigs. Shaping a proper portfolio career. If I'm making  $32 on the side in a year's time I will be a bit bothered. For now, it's fine.

Thursday, 9 January 2020

Income Report: December

There's really very little to report for December. My focus has been to work on my website. It's less to do with monetizing it right now and more about building up traffic.

It's a slow hard slog. But if money-making was that easy everyone would be doing it! Or maybe I'm not being smart enough about it...

Looking over the year as a whole, I've dipped my toe into a few new areas and haven't pushed on that much (e.g. Merch). I've cut back on some areas (e.g. resume writing and freelance writing). I've been happy with the advancement of some areas (e.g. dividend investing and the building of my new site).

2020 is most likely going to be about the passive areas in the main, with some active work on top.

I do know what the long-term "feel" for my income is - it's about creating freedom. I just don't know what route I'll take to do so. Plenty of trial and error to be had.

Anyway, I'll observe how this plays out in 2020. In the meantime, this is how the month played out.

Resume Writing: $0. Nothing doing here. I have been approached to write a bio for someone. If I get the gig (I purposely priced it high), it will be something for January

Additional Writing: $0.  Nope. I was approached for what would have been a regular writing gig. But the pricing was awful. But at least people are approaching me still

Stock Dividends: $0.  It wasn't my month for getting paid any dividends. Still, it's an investment strategy that works. I'll keep investing and I'll keep picking up dividends. Simple

Interest: $22. It ticks along but is never going to move the dial.

Ebooks: $2. Next year I'll get into marketing. Next year. (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. Again, I was approached but chose not to push on.

Other: $295. I got a tax rebate. I might as well put something down otherwise the month would have been really low!

Total: $319. Nothing to see here (and I cheated a little by including the tax element). I'll be challenging myself next year. But in the meantime, it's cash and I'm happy. Until next year.