I got into writing this blog just under three years ago because I wanted a forum where I could write about my experience paying off debt and potentially help others with personal finance. Helping others with their finances had become an important part of my life as I was trying to improve my own. I also started this blog because my wife was tired of listening to me drone on about financial topics so this was a way for me to express my ideas without her having to listen to them all of the time.
Prior to starting this blog I began reading the personal finance blogs of several other people. Some of those blogs are still here and some are gone. Over the past couple of years a few of those blogs have grown in size and I would assume in income. Those blogs make money from advertisements, affiliate links, and other items. It became a legitimate side hustle for a lot of people.
A couple of years ago I decided to add some ads to my blogs and about 2 months I ago I began dipping my toe into the affiliate space link. An affiliate link is where you click on an item I promote on this blog (you can find it under Other Good Stuff) and if you buy a product (books) then I get a small fee for you buying that book. I thought maybe if this blog caught on that I might actually be able to monetize it in some respect. I mean who doesn’t dream about taking something that is a passion (and personal finance is a passion for me, particularly helping others).
Coincidentally, I renewed my domain name for this blog and also my subscription to Blue host, which is the company that hosts my blog. I renewed it for three years (not sure if I will be around that long) and I think it came to over $350. Moreover, I think I have spent another $200-$300 on this blog (e.g. getting the domain name and the like).
After a recent blog post someone asked me how much money I had made from the blog. There are a number of bloggers who have made six figures per year from their blog in some way shape or from.
So the question becomes how much money have I made from the blog?
Answer: ZERO! NADA! ZIP! ZILCH!
I have made no money whatsoever. In fact, it has cost me money to run this blog (about $200 a year). Technically, my ads have generated about $75 at Google Ad Sense, but they don’t send you a check until you hit $100. Well I have had ads on this blog for at least 18 months, if not longer.
So I have not made any money.
Part of that reason is that I don’t have the traffic that some other bloggers do. My subscriptions have jumped up recently because a couple of my articles have been featured. And I am grateful for the fact that different people have decided to subscribe to the blog. In fact, I am ecstatic, but it hasn’t necessarily led to more money.
Another reason is that I haven’t taken a lot of time to try to monetize the blog. I fully admit I am not a big tech person and learning how to create affiliate links and other things is, to me, a bit boring. I would rather write an article or read other blogs or watch bad YouTube videos. If I took the time to learn how (and I am going to try a little more) then maybe I could make some more money, but so far I haven’t invested a lot of time into it. For example, when I write a blog post it usually only takes me about 20 minutes to 1/2 an hour. It is just a stream of consciousness that I am able to harness and put down my thoughts.
A final reason is that this blog has never been about making money. Now that doesn’t mean I wouldn’t love to make this blog a forum where I could monetize it. I mean I have spent hundreds of hours on this blog I would certainly like to reap a financial reward. The truth is I do this because I like it. Even if it costs me money. It is a hobby, not a money making adventure.
Maybe someday it will be. I would love it to be, but I will probably have to do some other things in order to get there (and I am willing to listen to those who have monetized their blogs for advice) but in the interim I plan on just continuing to write posts and hope you continue to read.
If I ever do make money I am sure I will let you know. In the interim, I do it because I like it and I hope you like some of the content that has been produced.