Live Off Dividends

Passive Income and Personal Finance

Month: September 2016 (page 1 of 2)

How This Blog Started Paying For Itself In Just 3 Months

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I’ve recently decided that I’m going to start doing a blog update every month. I think tracking my blogs progress will not only help it grow but I think it may answer some of my readers questions as well. I will be tracking my monthly views, social media following growth, subscriber growth and last but not least income generated. After all, this is a personal finance blog! About halfway through my second month this blog started paying for itself, so that’s pretty awesome! August was my third full month of blogging.

I use Bluehost as a webhost provider to run this blog. I highly recommend using Bluehost if you plan to start a blog or website. You can read my full Bluehost review here.

I pay about $5 per month for webhosting with Bluehost and this is currently the only expense that I have with this blog. So $5 is the number to beat, for now!

 

Monthly Views:

This blog had 6,094 views in August! Up from just 2,071 in July, not bad for the blogs third month! I’ve had quite the setback starting September and I would be extremely shocked to see my views for September come anywhere near 6,000.

 

Social Media Growth:

This one is a work in progress. I didn’t track my growth last month but I recorded everything starting September 1st so I can track growth from here on out. Here are my starting numbers.

 

Facebook Page Likes: 284

Facebook Friends: 1,250

Pinterest Followers: 3,600

Instagram Followers: 7,000

Twitter Followers: 2,100

 

Here are all the links to my social media pages if you’d like to follow me! Facebook Page, Facebook Profile, Pinterest, Instagram, Twitter.

 

I use Tailwind to schedule my pins on Pinterest and I’ve never made a better decision for my blog. Tailwind allows me to schedule hundreds of pins in a short amount of time. I can spend an hour scheduling pins for the entire month, it has saved me a ton of time. I can schedule pins at times of the day when I would normally be sleeping or busy and these are some of the busiest times for Pinterest. Tailwind also has an awesome analytic system that shows which pins are working and which times are the most active. I’ve seen my Pinterest followers shoot up dramatically as well as my website traffic from Pinterest. I can’t say enough good things about Tailwind. I highly recommend it for anyone looking to grow their website traffic through Pinterest.

 

Subscriber Growth:

I started August with 16 subscribers. I finished August with 78 subscribers! I’m extremely happy with this growth. To me this means that I’m providing value to my readers, that’s the goal! If you want to subscribe you can here.

 

Income Generated:

In July I made $2.32 from my Google Adsense ads. In August I made $20.40 from my ads! That alone is enough to pay for 4 months of this blog! I also made $7.60 from affiliate links in August. That’s a total of $28 in August with a profit of $23! For my third month of blogging, I’ll definitely take it! In another couple months I should have the blog paid for the whole year, pretty awesome!

I look forward to continued growth next month! I’ll have my social media growth documented next month. I’ve come to realize that growing a blog is a slow process, but great things take time right?

 

Disclosure: This post may contain affiliate links. If you sign up via one of my links I may receive a small commission, thanks for your support!

 

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My Day Trading Strategy and Weekly Report 9/19/16

my-day-trading-strategyThis is my first week of consistent day trading. My strategy is to only buy stocks that I would be willing to hold long term, even if these stocks are already in my portfolio. I’m also looking to buy stocks at a price I would be willing to buy in at for a long term investment. That way if I do get stuck holding the stock for awhile it’s at a price I’m comfortable with. Worst case scenario I’ll hold the stock and collect dividends until I can make a profit. I’m currently trading with about 5% of my portfolio.

I’m an extremely inexperienced day trader so I think my extremely low risk approach is a good way to gain experience. I’m not really looking to make huge profits on these trades for now. I’m more looking to gain experience but I do have an immediate goal as far as profits go. I would like to average $3.25 per day. I think this is a very realistic goal. That would give me an extra $820 profit per year assuming 252 trading days per year. Which is roughly what I end up taking home from my full-time job paycheck. So my immediate goal is to make an extra paycheck from it.

I probably shouldn’t admit this but I make all my trades while I’m at work so it’s not really taking anymore time out of my day to make these trades. I’m going to add the profits from my trading back into my “trading money” so that I’ll be able to purchase more shares and increase my profits.

Here are my trades for the week:

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I made a profit of $10.19 this week. It’s definitely not a get rich quick scheme but it’s something. I hope to improve over time with increased capital and experience. If I can continue at this rate I’ll increase my overall gain by a couple percentage points for the year. It may not amount to much this year but I think over time it will be worth it as it doesn’t require very much effort.

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Why I Started A $1,000,000 Life Insurance Policy At Age 23

Why I Started A $1,000,000Life Insurance Policy At Age 23

As much as we may not want to think about it, death is inevitable and it’s better to be prepared for when that time does come. Starting a life insurance policy at age 23 may seem absurd. But it’s not so much for the death benefits. Though, if anything unexpected were ever to happen to me my family would be more than covered with my policy. So why start a life insurance policy so young? There are a few reasons.

 

Term vs. Whole Life Insurance

Understanding the difference between term and whole life insurance is important when starting a policy.

Term insurance is just what is sounds like. Insurance for a “term” 5, 10, 15, 20, 30 years or sometimes until you reach a set age, 80 for example. You are only covered during this term and the policy gets more expensive as you age, especially past age 50. Term insurance only provides death benefits and it can also be converted to whole life insurance. Term insurance is much more affordable than whole life insurance.

Whole life insurance is also known as permanent insurance. Once you start a whole insurance policy you are covered for life, unless you cancel your policy. The beauty of whole life insurance is that your cash value is guaranteed to grow to set amount and you receive a dividend on top of that with any unaccounted for surplus. It generally takes at least 10 years to build up a decent cash value, but you are able to withdraw a portion of the cash value or even borrow against it during the life of the policy.

For both of these policies you need to do a health screening to determine your current health and risk for further health issues.

 

Non-Market Asset

To further diversify my portfolio I decided it was important to have a non-market asset. Life insurance is the perfect option to fill this void. My cash value is guaranteed to grow whether the market is performing well or not. It is important to me to have a non-market asset for when the time comes that I retire. If I have to endure an extremely down market where dividends are being cut and my capital is extremely devalued I don’t want to be pulling money out of the market. If an event like this occurred I would be able to pull money from my life insurance account rather than from the market. Hopefully long enough until the market bounced back.

 

My Plan

There are a couple reasons why I decided to start a $1,000,000 life insurance plan so young. I have some term insurance and some whole insurance. There’s a reason for this as well. I had to do a health screening to get both of these policies and I figured it would be wise to lock in my health now while it is near perfect. I decided to do a term-80 (term policy until I’m 80 years old) that way I’ll never have to do another health screening for my term insurance unless I decide to increase my policy. Of course the same goes for my whole life insurance, I’ll never have to do another health screening.

That’s important because your health rating makes a significant impact on the price of your insurance. As does your age. The older you are the more expensive your policy will be.

I really only want a whole life insurance policy but unfortunately there’s just no way that I could afford a $1,000,000 whole policy right now. But at the same time I do want to have a $1,000,000 policy. I feel that this amount would be more than sufficient if I were ever to pass unexpectedly. So the answer? Get two policies. $1,000,000 policy, $100/month (the amount I’m currently willing to spend on life insurance), with as much whole life insurance as possible.

When I’m ready to invest more money into my life insurance policy monthly I can simply convert some of my term insurance to whole insurance. I plan to do this slowly until my term insurance is gone and it is all transferred to whole. That will give me a $1,000,000 whole life insurance policy and a substantial non-market asset.

 

Who else started a life insurance policy at a young age?

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