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

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

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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?

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4 Tips for Newlyweds to Manage Their Finances Flawlessly

4 Tip for Newlyweds to Manage Their Finances Flawlessly

June is around the corner!

What does it remind you?

Isn’t it the smell of champagne and roses?

Yes! It’s again the time to rejoice the cheerful wedding bells. So, if you are planning to tie the knot soon, congratulations!

Howbeit, preparations for the wedding day might be making you worried over these months. Whether it is about picking up the wedding dress or booking a caterer for the wedding feast, your finance is moving upside down!

But, wait!

Don’t think that such monetary hotchpotch will come to an end after the wedding day. There’s still a long way to go! You and your partner are going to spend your entire life together. So, both of you have to practically start thinking about how to manage money.

No! I am definitely not scaring you! It is just that the approach in which you’ve been handling finance till now have to change now. After marriage, it’s not just you, it’s about you and your partner living together.

So, it is required for you to understand the basic know-hows effectively.

Read on to get an idea. 

1. A Serious Talk on Pecuniary Goals and Habits

You both are staying together, it’s essential to know each other’s financial point of views. Especially, you can remind your parents in such a situation. For example, how your parents used to manage money, when they used to pay the bills, what have been their successful financial decisions, and so on. It will let you both curate your financial life perfectly.

Also, you need to discuss your habits when it comes to managing money. Whether you are a saver or spender, how you usually decide on purchasing something, what your reaction will be if there is a sudden financial loss etc.

Once you are done with understanding each other’s habits, figure out a suitable way to manage money, and that’s it!

2. Stick to Your Budget.

When it’s about spending money, be cautious and stick to your plan. Let no any indulgence drive you towards unnecessary expenses. You and your partner both should cultivate this habit to save remarkably.

Moreover, you’ve to always look for smarter ways to save your hard-earned dollars. For example, learn how you should use things limitedly for household chores, how you can save on shopping etc.

One of the smartest ideas could be grabbing the lucrative discounts and coupons while purchasing everything, whether it is a small household stuff or any prominent furniture or jewellery. Additionally, there are a number of such exhilarating websites now which can let you always fetch the right discount at the right time!

Browse through the websites like Dealslands and many such others present around, you’ll definitely start believing in what I mentioned above. 

3. Numbers Are Important.

When it comes to managing finances together, you and your partner should share every related information. You should start with tallying up your asset and debts. Next, just subtract the debts from assets to determine your self-worth. Most importantly, don’t hesitate to inform your income to each other.

The conversation between you both should be open and honest. There should remain no scope for any hidden fact. The more transparently you will talk, the more perfect your financial plan will be.

4. How Do Your Budgetary Habits Differ from Your Partner’s?

It is very important for you to figure out the difference between how you and your partner think about money.

Try to find out the agreeable amount of saving for you both. You should understand what his/her priority is when it comes to paying off the debts or spending on quality things, what money saving traditions that he/she thinks are absolutely non-negotiable, and so on.

Once you have a clearer idea, an impeccable plan for managing your bucks will be ready! 

This is how you need to start planning your finances together to attain unparalleled results. Initially, it might be quite unnatural for you to understand the aforementioned facts. Well, it’s nothing wrong with that! You are new to this life.

However, don’t lag behind in following these tips in future. Thus, to manage finance as a family will not be tough at all!

About The Author

Arina is the marketing manager at DealsLands, coupons and discounts provider company. She is passionate about fashion, make-up, beauty treatment and lifestyle. In addition, Arina also supports non-profit agencies that provide healthcare solutions to handicapped and disabled people.

You and your partner need to discuss your habits when it comes to managing money. Once you are done with understanding each other's financial habits, you can figure out a suitable way to handle savings, expenses, budgeting, and more. Here are four great tips for newlyweds: #moneymanagement #newcouple #newlywed #moneytips