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
Our Plan for How to Achieve Financial Freedom – January 2016
Welcome to the first new blog post of the 2016 year – the annual edition of our plan for how to achieve financial independence and retire early (aka F.I.R.E.)! Every year at least once, I take everything I’ve learned about money to date about money management, tax strategies, etc., and then I use that information to improve our financial freedom plan; a creation you will often hear me refer to as my “money design”. Why do I do this? For both my benefit and yours, of course! Obviously I want to achieve financial independence for myself and my family. By finding new strategies and changing up my plan every year, I can make it so that I’ll be able to get there sooner or have more money available to cover my living expenses. My … [Read more...] about Our Plan for How to Achieve Financial Freedom – January 2016
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
The History of Black Friday and Other Fun Stats
This week, millions of people will scarf down their turkey dinners, prematurely leave the table (and the company of their families), and then head into the night to spend billions of dollars on tablets, smart phones, flat-screen TV’s, and other gifts for people on their Christmas lists. In fact, according to Statistic Brain, 23% of Black Friday retail shoppers will camp out at a store, arriving at midnight or before. If you plan to partake in this festival of consumerism, here are some interesting trivia facts surrounding Black Friday for you to ponder and talk about with the other people next to you in line. Or if you don’t plan to go out, maybe you can impress your family members with this random knowledge to help pass the phases … [Read more...] about The History of Black Friday and Other Fun Stats
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
The Management Skills List – Do You Have What it Takes to Earn More This Year?
If one of your goals this year is to make more money at work or advance your career further, then consider if you’ve got what it takes to become a manager. Management is a funny gig ... I should know. I was a manager for many years. And even though I've switched jobs and am not currently in charge of anyone, I'm sure that I will be again some day as I carve out my new career path. Depending on your industry and how far you take things, managers can often make several times more compensation than their lowest paid employees. In fact, to illustrate how extreme this situation can be, Forbes reported that CEO's (the highest position of management you can have) make 331 times as much as the average employee! Why is … [Read more...] about The Management Skills List – Do You Have What it Takes to Earn More This Year?
Average Retirement Savings Statistics – Really Scary Stuff!
Though there may not be a zombie apocalypse any time soon, there is one crisis that more and more people are starting to become concerned about: Saving for retirement. For almost 100 years when American Express established the first pension system in 1875, employers used to take care of their workers by making them contribute a small amount and then guaranteeing them income for life after they had given a certain number of years of service. However, over the past two decades, the burden and risk of preparing for retirement has shifted from employer to employee. Companies started offering 401(k) plans and doing away with pensions. What was once supposed to be a supplement, the 401(k) has now become the primary method (and … [Read more...] about Average Retirement Savings Statistics – Really Scary Stuff!
