An introspective on my blog in 2018 with some stats and income for transparency, here’s my newly invented State of the Blog 2018 address…
State of the Blog 2018 Address transcript
My regulars, Frugalers and readers:
It’s been over four years since I started my blog with my Welcome post in April 2014. To be honest, I had no idea what I was getting into or what I was doing. And I’m still mostly clueless.
It’s been an interesting journey however and continues to be so. The FIRE community is very supportive, encouraging and welcoming which is great considering all of the intolerance I see elsewhere online.
Although I’ve not been posting much lately, I’m still here. Partly lack of motivation / time(*) but mostly because of my gradual move away from dividend stocks towards index funds. I mean, there’s only so much I could say about my last purchase of 51.873 shares of VTIAX except that I bought 51.873 shares.
(*) Note to self: time is best made than found. Don’t say “I’ll find time to do x”, do say, “I’ll make time to do x” instead.
But I continue my monthly summaries anyway, because knowing that I’ll (eventually) write a summary of my finances makes me critique every decision. And, to be honest, it’s hard not to want to tinker with your portfolio. It’s hard to just do nothing. Yet doing nothing is actually doing something and it’s probably what you want to be doing most of all when investing.
So I guess what my blog has taught me most is holding yourself to account.
How successful is dividendlife.com?
Well, obviously it depends on the definition of successful. In numerical pageviews or income, it’s not successful. In helping me learn and manage my finances, I think it’s been very successful.
In terms of pageviews, here’s a report from my blog.
My daily page views are somewhere around 150 on average, more for a day or so after a new post. I was making much more of an effort to increase viewership back in late 2016 but somewhere early in 2017 I stopped.
Now that we’ve established I’m one of the world’s worst bloggers, it’s time to…
Show me the money
So I have a blog therefore I can make lots of income from it and retire early from the additional blog income without “working”, right? Well if you own a blog, you might be able to, but I certainly can’t! At least, not without a lot more effort.
Here’s a summary of the income I’ve earned from this blog since its creation.
|2018 YTD (6 months to June)||$11.57|
When starting a blog, it takes some time before it can even be used to serve advertising. And initial readership is low so I didn’t earn any income in 2014.
I probably made most money via Amazon due to Quicken 2017. If a reader bought a copy from Amazon after reading one of my fantastic Quicken reviews, then I’d receive a small percentage of the transaction. Since Quicken 2018 has moved to a subscription service (I’ve not subscribed yet), there’s little future in that income stream.
Other ways of generating income
Guest posts can be another form of revenue if a company or media campaign is willing to pay you to host their content. I don’t do this currently since it’s usually a turn off for me to read guest posts on other blogs. And I’m also hesitant to accept money for hosting a page given the limited effort I put in promoting my blog.
Links for affiliated products and services is another good source of revenue. I’ve put minimal effort into this area. If you want a good blog hosting service that is cheap, fast and reliable then I use SiteGround for $4 a month! Yes, that’s an affiliate link and I’ve just doubled my efforts for generating affiliated income right there in front of your eyes!
And The Next Four Years?
Heck, who knows? As I mentioned in a recent performance review at work to my manager’s manager: “Do I look like I have a plan?” (Professional Workplace Tip: Don’t say that at your workplace performance review).
Aside from catching up on my monthly reports, I do have some posts to write about my new stock purchasing ‘strategy’. I use the word loosely. We’ll see what else comes along the way.
Thank you for reading, supporting and just being awesome! I wish you all the best on your own journey to Financial Independence.
I leave you in the safe and irreverent hands of Las Ketchup…
Quote of the Day
I hope that after I die, people will say of me: ‘That guy sure owed me a lot of money.’