Blogging Dividend Stream
During the first few months of blogging, I was constantly learning and searching for any articles about blogging. On one particular blog, I read that a blogger was making big bucks ($5,000 in one week), but when she showed her Adsense account, her balance was zero. Being a financial blogger, this raised some red flags for me! Later the blogger posted an article about not having enough money to pay the taxes on his blogging income (which was well over $50,000).
This is when I decided to come up with a solution so that I wouldn’t spend all of the money that I hope to make blogging. Luckily? I don’t have much money from blogging yet, but with what little I have, I decided to purchase stocks with dividends, then use those dividends to cover my expenses with blogging. The idea is that I’m saving the money I make from blogging, and then buying dividends stocks (I only bought 1 stock, so far), then using the money from the dividend provided by the stocks to expand my online and offline businesses (mainly blogs at this point). That way blogging doesn’t cost me any more money, and I’m growing a new financial asset at the same time. Since I work full-time and don’t need to use the money from blogging for living expenses, it’s a relaxed pace with blogging for money, at least for me.
So now your probably wondering how much my dividend stream is per month? Well (drum roll), it’s $40 dollars. Doesn’t sound like much huh, but considering my normal monthly cost for blogging only runs about $13 per month, $40 is a windfall.
So now that I have my monthly expenses covered, I’m focusing on making the dividend stream grow, but at the same time I want to use some of the money from blogging to travel more. So starting next year, I’m going to use at least 50% of the money I make from blogging to travel, and then I’m going to invest the other 50% into stocks that have dividends. Then each year I’m going to try to shift the percentage of blogging money that I use for travel down. So two years from now, perhaps I’ll only use 45% to travel, then three years from now I’ll only use 40%, etc…
Blogging is a hobby that I never imaged could be as fulfilling both mentally and financially at the same time. Blogging for me is a win-win, especially since I’m able to build up a dividend stream that covers the expenses of running the blog!