January and February 2019 Money Report
Long overdue, but not forgotten, is the MoneyAhoy.com January and February 2019 Monthly Blogging Income and Money Report! I’ve been working on these for six years now, so there’s plenty of nice charts for you and I to see how my finances have been trending over the years. The idea of this is to inspire you to save, make, and invest more, and also to help keep me motivated to do the same.
This report will detail how I make over $250 per hour blogging in just a couple of free hours per months. This report will also show you how you can start blogging or start your own company with no previous business experience and start making money for yourself! Let’s jump in!
This report is chock full of tips and tricks to start your own business and start making extra side-income for yourself. If you would like to check out any previous monthly money reports, go here: monthly money reports. Let’s start with a review of our goals for January and February 2019 to see how we did:
Actions Plans for January and February 2019
Here is a quick review of how we did with our goals for the months:
Key: Complete/Some Progress/No Progress
- Publish 4 regular posts per month for MoneyAhoy.com
- COMPLETE – We hit the goal with 10 posts total for the two month span!
- Exercise at least 15 minutes every day
- COMPLETE – my wife got me this cool desk/couch exercise bike, so I normally get a chance to put in close to an hour (or more) each day. So I blew this goal away!
- Make over $2,000/ month in side-income (blog + dividend income)
- COMPLETE – we did well here and made a combined $6,157 in side income (side hustles plus dividends) for the two month period – details below.
- Post one video on my Youtube channel
- NO PROGRESS – I did not get to this one – I plan to jump-start work here in March and April.
- Publish 2 new posts on YourSmallBusinessCoach.com
- NO PROGRESS – still no progress here. I am struggling a bit to get the motivation to work on this “extra” site as I’m not really finding time to put into my main site (this one).
As you can see, we did OK with our goals, but we missed a bit on the bottom two. I’m struggling a bit to hit my goals for this period. As a result of putting less work into the blog, profits are down a bit. Hopefully I can get this turned around and make 2019 another record setting year. Now let’s dive the money details for the month!
Notes on Making Money for January and February 2019
January and February were good months for overall total household income. February set a new high for total monthly income. This is great – it’s always great to see a new record! January was a bit below the 6-month moving average, but this was more than made up for in February. The biggest factor helping out here was my wife started a new, second job and bonuses. This will come in handy because I think we’re going to have a hefty 2018 tax bill due soon!
Total side income for the two-month period was below the six-month moving average, so that was a bit of a disappointment. The largest factor contributing to the downturn there is less MoneyAhoy.com income as I have been putting less time into the blog each month.
My new goal for 2019 is to make $3,000 a month in side-income. We just barely missed this for January, but made up for it in February and just crossed the line for the two-month period! The total two-month combined side income was $6,157.
This $6,157 was comprised of:
- $1,896– Dividends
- $4,261 – MoneyAhoy.com income
As you can see, MoneyAhoy.com income was pretty good and dividends were a bit on the weaker side of things.
For the MoneyAhoy.com income for the two months, all this money was made in both months with just a couple of hours of total work spent on the blog. That means I am earning well over $250/hour on the average by running my own blog!! If that sounds awesome to you, maybe you should look into starting your own WordPress blog with Bluehost ? Check out my article linked there to get started on your money making journey all for a cost to you of less than $4 a month!
As mentioned, our 2019 monthly money making goal is to make over $3,000 each and every month of side-income money. So, it’s a miss for January and a hit for February. All combined, we are still on track at this point.
Here’s a detailed breakdown of the total $6,157 in side-income. I have included links as much as I can to help you learn and see how I am incorporating affiliate programs into this blog to generate side-income:
- Investment Dividends – $1,896(Symbols: SPY, PEP, JNK, BND)
- How to start your own business online– $2,033
- Sponsored Posts – $1,110 (see how to get a sponsored posts on your blogfor more info)
- ShareASale Affiliate Marketing– $700 – an affiliate network that helps you earn commission when you refer products/services.
- Youtube– $249
- Advertisements in sidebar – $75
- Amazon Affiliates– $48
- SeedingUp Digital Content Marketing– $32
- Google Adsense– $13
- Stock Market Investing for Newbiesbook – $0
- How to Start a Website– $0
- TOTAL = $6,157
These are some really good results from both MoneyAhoy.com side-income and dividend income. This is a great example to show how easy it can be for you to start your own blog and make side-income from it.
My plan has continued to be to reinvest all the dividends and MoneyAhoy earnings (after expenses) we make now so we’ll have more money down the road. That’s right – we take all of the stock market investment dividends and reinvest them to put the power of compounding interest to good work. I also use the money made here with the MoneyAhoy.com blog and reinvest it back into the blog (see How to Pay Yourself from your LLC) or invest the profits into the stock market. The power of compound interest is an awesome thing!!
Do you notice the monthly dividend graph increasing over time? We are investing each and every month, and it’s beginning to compound! We are at the point now where we are averaging around $2,200 a month just in dividends! If you’d like to learn more about investing, read my FREE book: Stock Market Investing for Newbies. I put hundreds of hours into making a stock market investing book that is easy to understand, and I give it away for free just to help you guys improve your long-term finances!
Notes on Money Saving for January and February 2019
Money saving for January and February was decent overall with our total monthly expenses for each month coming in under the 6-month moving average. No new records, but definitely solid performance.
Our average savings rate for these two months was 66%, so that’s pretty good in my book.
Our non-routine expenses were a bit higher in February. However, the Jan/Feb non-routine spending average was also below the 6-month moving average.
Here are some of the larger non-routine expenses that we had for the past two months:
- $570 – registration for kid’s basketball summer camp
- $163 – Amazon – mostly for Valentine’s Day and a couple odds and ends electronics
- $118 – Dance outfit for our daughter’s ballet recital (yes I know this is insanely high, but try telling that to my wife!)
- $92 – our daughter’s ballet lesson fee
- $36 – IKEA desk for our son
Notes on Investing for January and February 2019
For the months of January and February, I once again (I know this might be getting a bit boring 🙂 ) kept things simple and invested $5,000 for the month into SPY. This is the S&P-500 index fund ETF (exchange traded fund). It pays an annual 2.5% dividend and is basically the top 500 companies in the US (most are global type companies to be this large).
I really believe in long-term investing over time to increase wealth. You won’t find me engaging in any crazy day trading or investing in the latest new-fangled startup like Blue Apron (down some ridiculous amount at this point since their IPO). Investing for the long-term is pretty boring overall, but that’s what long-term investing is supposed to be! If it is too exciting, then you are probably doing it wrong :-).
If you truly want to gain financial independence, then you need to learn more about investing to build your long-term wealth! Investing in the stock market is one way to build up your passive income stream. Check out my FREE stock market investing Ebook to get started on your own stock market investing journey now!
Actions Plans for March and April 2019
We are busier than ever here in Oregon, so I’m keeping the goals relatively “medium” in terms of difficulty.
March and April 2019 Goals
- Publish 3 regular posts per month for MoneyAhoy.com
- Exercise at least 15 minutes every day
- Make over $2,500/ month in side-income (blog + dividend income)
- Post one video on my Youtube channel
Other Points of Interest
As mentioned, my wife started a new part-time job at the local hospital. That has helped her a lot to de-stress because she likes working at the hospital quite a bit. Not much else is new here.
We just had 10 articles for the two months – if you missed them then here’s your chance to check ’em out:
- 4 Reasons Why it Only Makes Sense to Rent Equipment for Your Business
- Top Money-Making ideas for the 21st century
- 4 Reasons to Make Money By Day Trading
- Taking Control of Your Financial Future
- The 5 Biggest Threats to Small Businesses in 2019
- Low-Cost Marketing to Keep Your Customers Happy
- Top Ways to Get $500 Quick
- 6 Creative Business Collaboration Techniques to Follow
- Using Social Proof to Find the Best Debt Relief Solution
- 8 Reasons Your Business Loan Was Rejected
You Can Make Money Online Too!
Are you interested in making over $250/hour by running a simple blog?!? I thought you might be! I truly believe that anyone can make money online if they are willing to put in a bit of time and effort to make it a success. There are just a couple of simple things you need to do to start on your journey toward online success:
- Start your own online business– You can start your own business online in just a matter of minutes. Check out my guide on how to start own business online. I show you how, in less than 6 minutes, to form your own business as an LLC! This article will teach you all the benefits of owning your own LLC for your business versus just skipping ahead to step #2.
- Start your own Blog– The next step is to start your own blog. Whether you will be blogging or running some other type of online business, you will need to setup a blog for your business. I show you step by step how to start a WordPress blog with Bluehost! If you have never run a blog before or don’t fancy yourself a writer, don’t worry. It is really simple, and the learning curve is very friendly.
I started MoneyAhoy.com just over three years ago without knowing the first thing about blogging. In that amount of time, I’ve made over $71K and my monthly blog income continues to grow and grow – just check out the blue portion of the income chart above! I have also saved over $95K with all the research and tips this blog has helped me to implement! Starting your own blog can truly be a life changing experience!
If you have ever thought about starting your own business or blog, then now is the time to get started! Don’t wait until you have everything figured out, or you will never start :-). You can get started with your online business or blog with just a few hours a week and build it up from there. The sky is really the limit with your business and/or blog income. With a little bit of elbow grease, you’ll be on your way to making thousands of dollars a month in no time! Click here to form your own LLC and click here to start your own blog and get started making money today!
