My Income Reports from When I Was Just Starting Out: December 2015 39

My Income Reports from When I Was Just Starting Out: December 2015

Welcome to my second income report revealed, ever.

You enjoyed the first one, so let’s get all those from the past shared soon so that I can get to what’s currently going with my monthly budget.

Let’s talk about the purpose of me doing this, though.

For a start, it’s because I’m opening up more this way. I don’t share much personal info on the site. At least not as much as other bloggers do. But I’m aware of the importance of this and am slowly getting comfortable with it.

The numbers aren’t impressive for most people, but I’m sharing it for members. And those who joined LRS premium are doing it for the love of personal growth and lifestyle design. And I am living life on my own terms. So that’s all that matters.

If you’re in it for the money, these reports aren’t for you. Although you can still learn about some new platforms to make money from that you haven’t heard of, or get inspired by a monetization strategy I’ve tried before that’s paying off now.

Let the motto of the reports be ‘It’s not about how much money you make. It’s about how you make it’.

It’s something I heard Gary Vee saying once.

I might as well get a standard job that pays well and set the goal of exceeding and getting promoted so that I can earn a lot from it. And that’s possible.

But it’s not the trajectory I’m interested in. I’m more about the type of work and the value it brings to the world, together with the satisfaction it gives me. Rather than making a lot monthly but not having the time and energy to do stuff I like, the freedom to travel or work whenever I want to, or the creative independence to chose my clients and projects.

Second, the purpose of this new section of the blog focusing on finance, is to show you how money can be made online. It’s for learning and growing.

But it’s also for encouragement. Seeing one person do this, with all the juicy details, lets your mind come up with your own ideas and ways to make money. And thus break free from the 9 to 5.

If you need to put me in a certain category based on what I make monthly, that will be quite low on the scale.

But if you do it in terms of freedom, meaning and independence, well, that’s what I’m doing pretty well.

You ever heard how some lifestyle designers are making around 1K and are either traveling the world, or living the dream life by working from home, moving to a place they love, investing their days to their craft?

Let’s say I’m one of those.

No investors, initial capital, help from other people, experience in the niche, being tech-savvy, having people in my life doing the same, or else. None of that is necessary.

What I did that lets me do what I like the way I like it every day of the year now is hard, focused work, consistency, dissatisfaction with my old lifestyle and a vision of the new one, staying motivated by reading about all the other people doing it, and not listening to my doubts and excuses (these are part of everyone’s journey).

I want my income reports to become part of my legacy, so to say.

That means contributing by sharing what works and doesn’t work for me, and thus saving you some mistakes on the way and making you familiar with some new potential income streams.

Can’t wait to get your feedback. That’s new for me too. So let’s see where it takes us.

Here’s the second one of my old reports, from December 2015.

December, 2015

j dkf

Total

Earned: 537

Expenses: 12 (hosting for podcast)

Revenue: 525

 

Summary

Money made freelancing: 434

In the previous report, I mentioned only the amount of money made through platforms connecting freelancers and employers. Now I’m adding other clients who I find, or who find me, personally or by referral.

As for platforms, obviously UpWork was working for me.

I was doing article and ebook writing and only on topics I enjoyed, which means leaving tons of money on the table solely because I didn’t wanna do other boring tasks or write about side topics, although I could.

But you can easily earn more solely from UpWork.

Whatever your skill is, create a profile today and see how it goes. Takes time till you build the confidence to present yourself in an effective way with your proposal, and to understand what people are looking for and how you can help them.

The competition might be discouraging for some of you, and the time it takes to get your first gig may also be disappointing. Once you get though these barriers though, you can be making money from a site like UpWork practicing whatever it is that you’re capable of in the digital world.

If you want to make more money fast after that, you can become somebody’s virtual assistant, or start doing things that almost anyone can do. Such as editing, translating, guest post outreach, social media marketing, etc.

Money made from sponsored content: 60

Now, I mentioned sponsored posts are a big deal for me. It’s what helped me keep making money while I was in Thailand for a few weeks and got into  the real vacation mode.

So one of the best uses of these income reports is to see how the number of sponsored posts and money earned from them increases over time.

In the beginning, I never planned for this. I wasn’t aware of how people were doing it, either.

It just happened once the blog became more recognized. Now people are reaching out to me to ask me to place a link or a whole post that they’ve produced, for which they will pay.

Here you see a platform I mention from which I’ve found clients for that type of articles. It’s PostJoint.com

Check it out if you want. Might work for you too.

Although the first element you need in order to make solid money this way is to have a platform of your own that has some level of authority.

More on that in future reports.

I’ve also included TapInfluence. It’s for social media campaigns mainly and is a way to get noticed by companies or brands wanting to promote something, that pay you to share their product across your social media channels if you have a big follower base.

Final thoughts

Feels good to be writing that type of content, seriously. Hope it’s as valuable to you too.

I’ll keep doing it, with more details each next time, and with more info on the income streams, online opportunities and lessons learned.

What do you think?

Get The Lifestyle Designer's Digest
Directly into your inbox every Monday.
Previous ArticleNext Article

What the Richest People in the World Have in Common 4

What the Richest People in the World Have in Common

Getting rich is something everyone dreams about.

For those facing financial hardships, getting rich seems the only way out to tide over shortage of money. For the bourgeoisie – the working class – getting rich conjures up visions of stuff they want to buy for luxury or higher social status. Millionaires also wish to get rich: they want to become billionaires and enter Forbes List of the world’s wealthiest people.

Unless you inherit a fortune or get lucky at lottery or sweepstakes, getting rich can be quite tough.

Yet, there are countless rags-to-riches stories around the world. Enterprises such as Amazon, KFC, Facebook or SpaceX have become runaway successes within a short span. The reason: their founders have several things in common, which is rare among other people.

Here we look at various traits that the world’s richest and most successful entrepreneurs have in common.

The Common Traits of The World’s Richest People

The Common Traits of The World's Richest People

1. Serving People.

“If your only goal is to become rich, you will never achieve it,” said John D. Rockefeller, who laid the foundation stone for America’s giant petroleum industry and his own enterprise, Standard Oil. The same adage holds good today.

Facebook, for example, was launched by Mark Zuckerberg and his roommate, Eduardo Saverin to allow Harvard University students to share profiles and pictures

There are countless such examples of ordinary people striking rich. However, they share one thing in common: serving people. The main objective of launching these enterprises was to make life easier or enjoyable for people rather than earning money.

2. Reading Books.

Microsoft founder Bill Gates, celebrity TV show host Oprah Winfrey, SpaceX and Tesla CEO Elon Musk, Berkshire-Hathaway CEO Warren Buffet and several other extremely rich people of the world have one more thing in common: they are avid readers.

Bill Gates reads at least 50 books every year – an average of nearly four and a half books per month.

Elon Musk owes his success at SpaceX, the project to open space tourism to his love for books and the knowledge he gained from them about rocketry. Oprah Winfrey attributes her success to dozens of books, including some 70 top titles she read on her way to success while Warren Buffet spends about 80 percent of his day reading books.

3. Long-Term Financial Strategies.

A report by CNBC states, all wealthy people depend upon long-term financial strategies rather than short-term gains. They utilized their earnings and savings to invest in safe stocks that would assure gains in the long run rather than indulging in risky trading that can offer high returns.

Such financial planning and decisions ensured they do not lose money. Further, they invested money in their enterprises without the hope of immediate returns.

These wealthy people first focused on building a brand, offering value for people to identify with the brand. And later, popularize the brand through word-of-mouth publicity, which is more effective than traditional advertising.

4. Never Say Die.

Yet another common character trait shared by the world’s richest people is, they are not quitters.

Like every other human on Earth, these wealthy folks also witnessed ups and downs in life. Some of these were so overwhelming most ordinary people would have called it quits and gone in search of easier ventures.

Brian Chesky, Joe Gebbia and Nathan Bleckharczyk, founders of Airbnb, the world’s largest hotels and accommodations aggregator were plagued with financial problems.

 

Heavily encumbered with debts, bankruptcy was staring at these entrepreneurs in the very eye. Yet, they did not budge. They innovated their service that made Airbnb the world leader in its field today.

Another excellent example is Colonel Harland Sanders, whose recipe for fried chicken was rejected as many as 1,009 times before it was accepted. Col. Sanders is the founder of global chain Kentucky Fried Chicken or KFC.

5. Accepting Criticism.

Most people flee from criticism of any sort. Rather than learning from negative comments arising out of their behavior or work, they take umbrage rather quickly. Yet, they do not bother to amend their behavior or work pattern.

All wealthy people, however, are different. They are willing to be criticized for introducing new ideas or thoughts.

Jeff Bezos, founder of Amazon, rightly says that those who will try and do something new must be willing to draw criticism.

Steve Jobs, founder, Apple, Inc. puts it in even stronger words: “If you want to make everyone happy, do not become a leader; sell ice cream instead.”

The success of Amazon and Apple proves their founders were right when it came to accepting criticism.

6. Out of The Box Thinking.

how regular life looks like and why it won't make you happy

Thinking outside of the ‘box’ or a typical mindset is often impossible for most people. Understandably, because everyone draws their mindset from factors and circumstances they are raised and educated in.

This mindset eventually becomes a formidable fetter for anyone wanting to become an entrepreneur. Generally, most people follow the flock and take professions they falsely believe as best suited for their skills. Others try to follow footsteps of their parents.

The wealthiest people in the world never followed flock or took lucrative professions of their parents.

Mark Zuckerberg’s father was a dentist and mom – a psychiatrist. Bill Gates’ dad was a banker father while his mother was a lawyer.

Despite coming from wealthy families, they chose to follow their passion rather than confine their thinking to the proverbial boxed mindset. Col. Sanders had lost his parents at a young age of six years and had to shoulder responsibilities of his siblings.

Other Examples of What The Wealthiest People Have in Common

As we can see, these qualities or personality traits are common to the world’s richest people. It sets them apart from others. Most of them launched small enterprises with the sole purpose of bettering the lives of people. Their products or services gained popularity because money was never their consideration. Widespread use of their technology, products, and services eventually led them to become wealthy.

These traits are not typical to the US or the western world, as one may mistakenly come to believe. A glance at some richest people in India and elsewhere also reveals, they share the same characteristics with their American counterparts. This amply proves that richest people around the world share something in common, regardless of where they live and flourish.

Another common trait that all rich people share in common is philanthropy.

Since childhood, they believe in giving back to the society and helping the underprivileged. They practiced charity when they were not so rich and continue to donate money for the betterment of the society even after becoming billionaires.

These richest people on the planet never waited to become wealthy. Instead, they were philanthropists since childhood – a trait most other people pathetically lack or try to foist upon themselves to gain popularity.

In Conclusion

It is not easy to become wealthy. Or everyone would become a millionaire. People who do make it to the top have a different way of thinking combined with an undying zest for learning new things and educating themselves.

They do not consider conventional learning at universities as the end of their education. Instead, they try and acquire new skills every day and find ways and means to become better humans rather than focusing on fattening their purses.

The world’s wealthiest people also share one common trait: they are not people pleasers, despite their generosity and willingness to serve the society. Because they know, trying to please everyone will get them nowhere and could mean possible failure.