If you own a website, I’m going to guess that one of your greatest struggles is continuously writing blog content. I should know ... This week, MyMoneyDesign.com officially turns 6 years old. Can you believe it? And while I don’t have any ultra-impressive five or six-figure monthly income reports to share with you, I do celebrate the fact that we have a ton of blog content to offer you - over 500 posts (and counting)! But that’s not to say I haven’t had my fair-share of success either. Blogging over the years has been an incredible source of modest passive income; generating sometimes as much as four-figures of revenue each month. Earlier this year I even sold a few of my side-project niche sites for five-figures. That’s a … [Read more...] about My Practical Advice for Writing Blog Content That Matters
Introducing My New Site: 1,000 Ways to Save
Lately I mentioned that I was working on a new niche site (if you’d like to call it that), and so I wanted to take the opportunity to introduce you to it. The site is called 1,000 Ways To Save, and by the time it matures, this site will literally be a collection of over one thousand different ways you can spend less and save more! The idea behind this 1000 Ways To Save is to challenge the excuse that I often hear people hiding behind when it comes to money: “Oh, I’d love to save more money towards [whatever goal], but you know … we’ve just got so many bills. I couldn’t possibly save another dollar”. Nonsense! There are thousands of (if not more) ways that each of us could do a better job saving our money. All it takes is a … [Read more...] about Introducing My New Site: 1,000 Ways to Save
Niche Website Update 38 – How I Sold My Websites
Hello and welcome to the LONG overdue edition of my Niche Website update series. This is a very special write-up because it’s somewhat of a conclusion: The story of how I sold my websites, how much money they made, and what I will be doing next! But first … let’s go back to the beginning. Originally I had created these niche sites as a way to dive into the world of Internet Entrepreneurship. My goal was to use these websites to create multiple streams of passive income. And for a while, it worked! I was making a nice sum of money from the sites, and every month my progress seemed to be heading upward in the right direction. That was until 2015 when I discovered I had cancer. From that point on, everything changed. My health … [Read more...] about Niche Website Update 38 – How I Sold My Websites
Online Income and Taxes – How to Be Prepared
One of the funny side effects of being a blogger and making an online income is that your tax situation can become a lot more complicated. Don’t get me wrong … the extra money is great! But if you’re accustomed to the simple process of doing your taxes on your own, things are about to change! Not only will you have some fun, new IRS forms and worksheets to fill out, you’ll also have some new taxes you owe or - worse – penalties to pay! But on the bright side there will also be some new, pretty good opportunities for you to dodge some of those taxes and save even more for retirement than you were before. I know it's not just me that has had some questions about how exactly you’re suppose to handle your online income when it comes … [Read more...] about Online Income and Taxes – How to Be Prepared
Niche Website Update 37
Hello readers! Welcome to the 37th edition of my niche website update. I want to break from my traditional format for this post to discuss my future intentions with niche site development. After this post, I’ll be relaxing how often I publish these updates, and for good reason. I must confess that since last year, there has been a small leak in my ambition for this project. I have not really had the same ferocity that I previously set forth with my niche site collection. I enjoy thinking them up. I enjoy writing and creating them. I enjoy building them. I really enjoy the revenue. But then, it seems, I hit a wall. I very big brick wall. Throughout 2015 for these niche sites, I noticed month after month that income was … [Read more...] about Niche Website Update 37
Niche Website Income Report 36 – $667 for November 2015
Hello and welcome to the November 2015 edition of my niche website income report and progress update. Every month, I detail what actions I’m taking to develop this portfolio of websites and what kinds of revenue and expenses come with it. The goal of these websites is to supplement my regular employment income with multiple streams of passive income; money that I can earn while I’m at work or asleep without me having to interact. This month I’ve been taking some serious steps to close the chapter on one of my biggest niche websites. Not only will the immediate income be great, but I’m also very interested to learn more about how buying/selling websites actually works, and what steps you should be taking as you develop the website to … [Read more...] about Niche Website Income Report 36 – $667 for November 2015
Should I Write a New Ebook or Start Another Website?
Lately I’ve been wrestling with a decision as to what my next passive income project should be: Should I write another ebook or start another brand new website? Both opportunities present some benefits as well as challenges. I’ve always wanted to be an author and well-respected figure associated with personal finance, and so having yet another ebook in my portfolio can help me with this. But then creating websites is something that has, without a doubt, put money back into my pocket month after month. I’ve been able to do this with some degree of success, and so to add yet another one to my collection would only increase my chances for success even more. Believe me … if I had the time, I would probably take them both on. But I … [Read more...] about Should I Write a New Ebook or Start Another Website?
Niche Website Income Report 35 – $661 for October 2015
Hello and welcome to the monthly niche website income report and status update. Blogging has been one of my favorite ways to earn some money on side while I work at a full time job. These niche site updates are my way of sharing with you what’s been going on, what’s been working, and what hasn’t. Ultimately, my goal is to take in as much revenue as possible so that we can achieve financial freedom as quickly as possible. This month I spent almost 100% of my time working with niche site #2 (NS2). I published 7 new pieces of strategic content as well as working on some of things like internal backlinking and site speed which I believe will help rank my content better over the long term. And, I may be making a very BIG decision … [Read more...] about Niche Website Income Report 35 – $661 for October 2015