You can read my November earnings and December goals here:
http://www.infobarrel.com/Allys_November_2010_InfoBarrel_Earnings_Report
My article on Cat Christmas Cards did get approved in time so yay!! I also finished 3rd in the contest so I'll be getting a $25 gift card to Amazon. I'm off to bed - gotta get up early tomorrow to start working on December articles;)
Showing posts with label passive income. Show all posts
Showing posts with label passive income. Show all posts
Wednesday, December 1, 2010
Saturday, November 13, 2010
Back on Track
As you can tell by the last post, I got distracted from why I'm doing this. I'm not giving up on the contest but I'm not going to stress about it anymore. I'm going to write as many articles as possible and whatever happens, happens. I'm doing this to build up a passive income - not to win a contest. It looks like I should get at least 3rd place in the contest and I can be happy with that. I think I'm going to try to write as many articles as I can each month and save whatever winnings I get. Someday, I'll be able to use my winnings to buy a netbook. Here's the netbook I'm going to buy with my winnings: HP Mini 210-2050NR 10.1 Inch Netbook Lavender. I should have enough to buy it around March.
Another thing I wanted to mention is that I'm planning on going on a cruise either during spring break in March or next November. I'm hoping to get a nice passive income built up by then so I can still make money while I'm on the cruise. The power of passive income is awesome!
Another thing I wanted to mention is that I'm planning on going on a cruise either during spring break in March or next November. I'm hoping to get a nice passive income built up by then so I can still make money while I'm on the cruise. The power of passive income is awesome!
Sunday, November 7, 2010
Power of Passive Income
A lot of people, including my parents, have a hard time understanding why someone would want to work without knowing exactly how much they are going to be paid. Whenever I tell my parents that I'm writing an article, they ask me how much I'm going to get for it. I always tell them that I don't know and that I hope it's a lot. They look at me like I'm crazy. Passive income is a powerful thing that most people don't understand. If everyone knew what you could do with a passive income, everyone would be doing it.
I'm assuming most people reading this blog know what passive income is and what it can do but if you don't, here's what it's all about. For example, let's compare two articles. One article is a guaranteed $20 and another article is revenue share. Let's assume you make $2 a month from that article. After a year, you will have $20 for the guaranteed article but you will have $24 for the revenue share article. In two years, you'll still have $20 for the guaranteed article but you'll have $48 for the revenue share article. In five years, you'll probably have spent the $20 for the guaranteed article, however, you'll still be making money on the revenue shared article which will be at $120. So what would you choose to do? Write an article for $20 or for $120. Remember that the revenue share article will still be earning past the $120.
Most people on Info Barrel have concluded that it takes 150 articles to earn $100 a month. I've seen a few people with 250 articles and they seem to make around $300-350 or more per month. They will make this amount for the rest of their lives. It's like the Publisher's Clearing House prize of $5,000 a month for the rest of your life. If you write enough articles, you could easily earn that much money. I am plan on making $5,000 a month off my articles within 3-5 years. I will diversify with a thousand articles on Info Barrel, a thousand articles on Hub Pages, a couple hundred on List My Five and a couple hundred between the rest of the revenue sites. With $5,000 a month, I can retire (or at least not have to work if I don't want to) and actually start living my life. Who knows how much I could actually make - far more than $5,000 a month is possible. I'm motivated by the thought of being able to do whatever I want without having to worry about money.
I'm assuming most people reading this blog know what passive income is and what it can do but if you don't, here's what it's all about. For example, let's compare two articles. One article is a guaranteed $20 and another article is revenue share. Let's assume you make $2 a month from that article. After a year, you will have $20 for the guaranteed article but you will have $24 for the revenue share article. In two years, you'll still have $20 for the guaranteed article but you'll have $48 for the revenue share article. In five years, you'll probably have spent the $20 for the guaranteed article, however, you'll still be making money on the revenue shared article which will be at $120. So what would you choose to do? Write an article for $20 or for $120. Remember that the revenue share article will still be earning past the $120.
Most people on Info Barrel have concluded that it takes 150 articles to earn $100 a month. I've seen a few people with 250 articles and they seem to make around $300-350 or more per month. They will make this amount for the rest of their lives. It's like the Publisher's Clearing House prize of $5,000 a month for the rest of your life. If you write enough articles, you could easily earn that much money. I am plan on making $5,000 a month off my articles within 3-5 years. I will diversify with a thousand articles on Info Barrel, a thousand articles on Hub Pages, a couple hundred on List My Five and a couple hundred between the rest of the revenue sites. With $5,000 a month, I can retire (or at least not have to work if I don't want to) and actually start living my life. Who knows how much I could actually make - far more than $5,000 a month is possible. I'm motivated by the thought of being able to do whatever I want without having to worry about money.
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