May and June 2019 Money Report
We are back with another monthly money report for you. Below is the MoneyAhoy.com May and June 2019 Monthly Blogging Income and Money Report! Feast your eyes on all the wonderful charts below, and catch up on how we are doing with our money making, saving, and investing goals for the year. I’ve been working on these for six years now, so there’s plenty of nice charts for you and me 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.
I also want to convince you that it’s a great idea to launch your own LLC and start making some extra side-income money today! This report will detail how I make about $250 per hour blogging in just a couple of free hours per months. You can get start a blog just like I did with no previous business experience and start making money for yourself! Let’s jump into the report!
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 May and June 2019 to see how we did:
Actions Plans for March and April 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 had 9 posts overall for the two month period.
- Exercise at least 15 minutes every day
- COMPLETE – I have been doing a lot of walking, weight lifting, and biking to keep in shape.
- Make over $3,000/ month in side-income (blog + dividend income)
- COMPLETE – Our total side-income for the two month period was $8,231! Thing were a bit low in May, but June more than made up for it.
- Post three videos on my Youtube channel
- SOME PROGRESS – we posted just two videos in the two month period, so a bit shy of the goal :-(.
We performed pretty nicely on the goals for this period. Now let’s dive into the money details:
Notes on Making Money for May and June 2019
Our overall total household income for the two-month period of May and June was pretty average. Nothing much to write home about :-). I think it’s pretty awesome how it just continues to steadily march up 🙂 .
My wife switched over from a part-time job to a full-time job (32 hours a week), so I do expect our normal monthly income to climb a bit. So that’s great :-)!
Our goal for 2019 is to make an average of $3,000 a month in side-income. We did not hit the goal for May, but we averaged over that amount in June, so the two-month average surpassed the goal. Our total two-month side income was $8,231.
This $8,231 was comprised of:
- $5,276 – Dividends
- $2,995 – MoneyAhoy.com income
As you can see, MoneyAhoy.com income was decent and dividends were fantastic for the period!
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 May, but a grand-slam for June! All combined for 2019 we have $23,915 in side-income through June, so we’re a good ways ahead of goal.
Here’s a detailed breakdown of the total $8,231 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 – $5,276 (Symbols: PEP, INTC, VTI, EFA, VBK, JNK, BND)
- Sponsored Posts – $1,020 (see how to get a sponsored posts on your blogfor more info)
- How to start an LLC on-line– $810 (this post and video shows you how to start your own business online)
- ShareASale Affiliate Marketing– $400 – an affiliate network that helps you earn commission when you refer products/services.
- Start Your own LLC with Incfile – $100 – a new video about starting an LLC.
- Amazon Affiliates– $334
- Youtube– $273
- Advertisements in sidebar – $75
- Google Adsense– $19
- Stock Market Investing for Newbies book – $1
- How to Start a Website– $0
- SeedingUp Digital Content Marketing– $0
- TOTAL = $8,231
MoneyAhoy.com income is starting to fall off a bit as my “Starting an LLC” affiliate performance is starting to drop off drastically. This was making anywhere from $800 to $1,200 per month, but now I’m lucky if it is making $300. Oh well… I think that’s a perfect illustration as to why it is important to not put all of your eggs in one basket when it comes to affiliate marketing.
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 steadily increasing over time? We went from making less than $400 a year of dividends to nearly $30,000 of estimated dividends in 2019 just through continued, disciplined investing! We are investing in the stock market each and every month, and it’s compounding with great success! 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 spent over 6 months writing that book, and it’s FREE for you to use it and learn how to invest. That’s right, I put hundreds of hours into making a stock market investing book that is easy to understand for you, and I give it away for free just to help you guys improve your long-term finances!
Notes on Money Saving for March and April 2019
Money saving for May and June was good – expenses were kept in check for the most part. I still haven’t called Comcast yet to negotiate for lower cable rates since they raised our rate about $25/month, but I really need to!
Our travel expenses were higher than normal as we took trips to Tilamook and Seattle in May and the end of June. So, our eating out expenses were higher than normal.
Here are some of the larger non-routine expenses that we had for the past two months:
- $570 – Son’s basketball camp (overnights)
- $250 – Girlscout camp
- $184 – 23AndMe Mother’s Day gift
- $135 – Triple A membership renewal
- $46 – Dad and Daughter dance
Notes on Investing for May and June 2019
For the months of May and June, I invested in JNK. This is the SPDR Bloomberg Barclays High Yield Bond ETF (exchange traded fund). It has an annual dividend payout of 5.59% (yield). This is basically a collection of “junk” bonds. These are riskier bonds which is why it pays a higher interest rate compared to your average bond.
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. 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 July and August 2019
As you read above, we achieved many of our goals set forth for the previous two months. Here below is the plan to make the goals for July and August a little bit more difficult to push myself.
July and August 2019 Goals
- Publish 5 regular posts per month for MoneyAhoy.com
- Exercise at least 20 minutes every day
- Make over $3,000/ month in side-income (blog + dividend income)
- Post two videos on my Youtube channel
Other Points of Interest
So my wife was considering taking a full time job (at 32 hours per week), and she decided to take it. It pays~ $10 an hour less, but she is WAY more happy here than working at the nursing home. So, I think overall she’ll bring in more money per week, is happier, and has some good benefits. I think overall it is a nice win! We’ll see how that continues to go going forward.
We had 9 articles for the past two months – if you missed them then here’s your chance to check ’em out:
- 5 Must-Know Tips for Growing Your Business on a Global Scale
- How to Stay Safe Online on a Budget
- The Common Sense of Flipping Homes For the Best Possible Profit
- The Factors Affecting The Iraqi Dinar’s Growth
- How to Build an Emergency Fund
- Checking Out New Investment Advisors: A Step-by-Step Guide
- March and April 2019 – Blogging Income and Money Report
- How Debt Relief Has Changed Over the Years
- How to Get Free Stock with Webull – A Review and Offer
You Can Make Money Online Too!
Are you interested in making over $250/hour by starting your own cool 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 an LLC on-line in less than 10 minutes. 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 launch your WordPress blog! 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 six years ago without knowing the first thing about blogging. In that amount of time, I’ve made over $90K 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 $115K 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!
