Last month I reported my attempts to make a little money with this blog. I had some success, generating what I thought was a little more than $150 in revenue. More importantly, my little experiment showed that the income reports I was reading from some of the bigger personal finance bloggers were not out of the realm of realistic. Those folks are probably telling the truth. Today, let’s look at the second month were I really upped my game. Can I make money with a blog? Continue reading “Surprise! Making money with a blog is hard”
When I was in graduate school many, many beards ago, I built up a pretty decent little side hustle that was bringing in over $3,000 per month. I was able to build up to that level of income fairly quickly, too, starting with a few hundred dollars in profit the first month and reliably pulling in $3,000 per month six months later. Then, I built a very expensive information product with a short shelf life, but with the potential to double those monthly earnings for a very, very long time. However, within one year I had set fire to the entire business, burning up several grand a month in income. I have absolutely zero regrets.
Today’s post is about the differences between building wealth and building a job. I don’t mind working. I love to create jobs for myself that I enjoy. That’s the whole point. But you have to be very careful with the projects that you take on, because they can easily become time- and energy-sinks if you’re not careful. Your time may be way more valuable than the money. Continue reading “Why I shut down an online side hustle that earned $3,000 per month”