My last post on Centsable Chicks was in March 2014. It basically said I was refocusing my efforts – I was going to be building a portfolio of dividend paying stocks. I would still be blogging, but Google’s numerous algorithm changes had knocked the stuffing out of me. I had put a lot of work into my blog for not a lot of return. My dividend income, however, had not seen a lot of effort put in, but was growing – at least modestly. Dividends were my future.
With that in mind, I took a job in April of 2014 to raise some investing capital. It was a part time, low paying job. And I was miserable. I was spending my days running from one thing to another and too exhausted to do what I wanted to be doing – write.
It is ironic that after comparing Google’s algorithm change to a stock market crash that there should be an algorithm change in May 2014 that was favorable for my entertainment niche site.
When your site is slammed by Google, whether it’s the Panda or Penguin, the message you are asked to take away is that your site or your content isn’t quality. That can be a pretty hard blow to a fledgling writing ego. So when Google began sending my site more traffic in June 2014, I was reinvigorated in turning my entertainment niche blog into an income blog.
Working in a field I held no interest in, and having no time to actually do what I wanted to do was depressing. After a couple more months, I quit the job and went all in on the blog. I’m not earning what I was at the job (and that was an entry level wage) but I’m happier. Each month I take my earnings and invest them into dividend paying stocks.
So while 2014 didn’t turn me into a passive income, blogging or investing superstar, it did provide me with a business plan. I’ve also accepted that I will probably work harder over the next couple of years on my blog and my investments than I have ever worked before. But I will be working for me. And I’m working to build an asset base that will one day allow me to reduce the time I spend each month working.
2014 reaffirmed what it is I want to do. And that fact alone keeps me plodding along month after month working to achieve that month’s goal.
Since everyone loves an income report – myself included – I’ve decided to publish a ¼ly income summary. The quarterly report is to smooth out any lumps from the quarterly dividend cycle. I’ll also be streamlining the reporting categories. Since the majority of my income is coming from two main activities: investing and writing that’s what I will be reporting.
So that I have a point of comparison at the end of this year, my next post will summarize 2014’s income.