Blogging Just Gets Better And Better Over Time

The Longer You Last The Better It Gets Online

by in Lifestyle on Aug 18th, 2016

When you first begin, blogging is like fishing off a canoe in the middle of a tranquil lake. Most of the time, nothing happens. You’ll just feel some little nibbles here and there. But fish long enough and you might catch something big enough to eat.

I’m envious of all you new bloggers. Every post you publish makes an incrementally huge difference to your growth. Every new reader brings new excitement and maybe even a potential new friend. Cherish these moments if you’re just starting your blogging journey.

Some of us burn out too soon. Others start lagging after doing the same thing for so long. I’m here to say that if you can get through the inevitable dip, blogging just gets better and better over time! Read More

Are Your Income Streams Diverse Enough To Make A Sustainable Income Online?

by in Featured on Jun 6th, 2016

Nothing is certain in the online world because new technologies and trends pop up all the time. Given we’re still in the early period of the Internet, it’s important to have as many different revenue streams as possible.

We know that CPC advertising (Google Adsense, Media.net, Lijit Networks, etc) is currently being assaulted by ad blockers. There’s already been a multi-year trend of ad blindness by consumers.

We’ve seen large sites like Dooce, fall because they weren’t able to adapt. And then there are those sites that overly focus on one affiliate partner for a large majority of their income. In business, we call this “client concentration risk.” If your partner shuts down, you’re screwed without a proper contingency plan.

Longevity is key to so many things. Warren Buffet says that “time in the market is more important than timing the market.” The same can be said for building a sustainable online businessRead More

Featured

Post More To Save More Time And Make More Money Online

by in Lifestyle on Mar 9th, 2016

One of the downfalls of writing meatier content online is that more readers aren’t able to get through the entire article. Everybody has ADHD nowadays thanks to the internet. Due to a lack of reader thoroughness, readers will increase their tendency to ask questions to answers that are already in the article. It’s a maddening time sink to explain what has already been explained.

Instead of capitulating by writing really easy to understand topics that are short, I’ve got a much better solution. Post more frequently! Read More

Make More Money Online By Creating Defensive Income Streams

Create A Better Online Income Allocation

by in Lifestyle on Feb 12th, 2016

With the downturn in the stock market, interest in financial products as measured by click through rates have declined. Why would anybody want to sign up for a robo-advisor now when there’s a higher chance of losing money? We all know we should continue to dollar cost average in a downturn, but at the margin, more people are afraid to invest in bad times than good times.

If you want to make a full-time income online as a blogger, or if you want to defend your income during difficult times, then it makes sense to write more defensive themed articles and highlight more products can help people survive a downturn. One article example is, How To Protect Yourself From A Mass Layoff. Read More

Inside Information On How To Make Money Blogging About How To Make Money Blogging

by in Lifestyle on Jan 14th, 2016

After seven years of blogging, I’ve decided to finally focus some energy writing about how to make money blogging. My online income is now greater than my passive income, which took 15 years to build. Meanwhile, 94% of the over 500 voters say they want to learn how to make their own money-making website in my latest poll. Therefore, I’m going to give my community what they want.

I’ve been reticent to build this portion of my online revenue income because I never got into blogging to write about blogging. It just sounds a little circular doesn’t it? Further, in order to write about blogging with authority it’s a good idea to actually have a lot of traffic and income from other sources BEFORE writing about making money blogging.

What I failed to realize over the years was that people really don’t care whether you have credibility or not when it comes to writing about SEO, online marketing, blogging, etc. Instead, people tend to want to be sold the dream of online riches. People visiting want so hard to believe in the ability to make lots of money online that they’ve already made up their mind once they get to your site! Read More

How To Get More Comments To Your Posts

by in Lifestyle on Dec 29th, 2015

I’ve noticed something quite peculiar. Despite my blog’s traffic up more than 10X in the past five years, the number of comments per post have declined. I used to regularly produce posts that would regularly get over 100 comments during my earlier years. Nowadays, not so much.

To figure out what went “wrong,” I did some investigating. Let me share with you what I found. Read More

Take Advantage Of The Opportunity That Smacks You In The Face Every Day

by in Lifestyle on Dec 3rd, 2015

In 2008, I was just another fan of personal finance blogs. I loved following people’s journeys to achieving a particular net worth goal or paying down boatloads of debt they mistakenly gotten themselves into. Then shit really started hitting the fan in 2009 as the economy collapsed thanks to folks over leveraging themselves in the housing market.

Fight or flight kicked in as my net worth got crushed by around 35%. Maybe the drop was worse if I actually tried to sell some of my holdings. Nobody was buying anything. Since I was already an avid reader of everything finance and personal finance related, I realized something quite interesting. Read More

Blogging Away The Income Gap For Financial Freedom

by in Personal Finance on Nov 16th, 2015

The great thing about a blog is that it’s always on. Unlike most of us, who run out of energy after 12 hours of work, a blog can keep working for us 24/7, 365 days of the year if our hosting company doesn’t crash! Good thing the data shows most sites are up 99%+ of the time.

Creating a money making universal soldier is one of the key points from showing income profiles of financially free people over on Financial Samurai. For some reason, there is so much pushback from folks who do not believe it’s possible to make a good living beyond the 9-to-5! Read More

Why Bloggers Still Don’t Get Much Respect

by in Lifestyle on Jul 28th, 2015

For the past month I’ve been driving for Uber anywhere between 5 – 15 hours a week. It’s been a very insightful experience, learning about the different types of passengers, as well as the reaction I get when I tell them I’m a blogger. I encourage everybody, rich or poor, to work a minimum wage service job if they ever want to regain some appreciation for what they have!

Most people react with indifference when I tell them I’m a blogger, with nary a follow up question asking what I write about. For those who do ask, I tell them I write about everything personal finance related. Some find it interesting, while most kinda let out a gruff of acknowledgement before looking back down on their iPhones.

The most common question I get is, “Can you actually make money blogging?

I always respond with something like, “Yeah, a little bit here and there. It’s not easy because you’ve got to build up a lot of traffic, and that takes many years.

The conversation rarely continues on the topic of blogging after I tell them it’s hard. I can hear them internally thinking, “Oh, this poor Uber driver who’s trying to make a living as a writer. Sucks to be him!Read More

The Wall Street Journal Layoff Implications For Personal Finance

by in Personal Finance on Jun 19th, 2015

The Wall Street Journal announced on June 18, 2015 that they will be laying off roughly 100 staff and most of their personal finance journalists. The news isn’t a huge shock given Dow Jones’ results were down 11% YoY in the third quarter of 2015. But it was a surprise to see that most of their personal finance journalists will be let go if you follow the #WSJperfi hashtag on Twitter.

In a world where there’s not enough good personal finance education, it’s sad to see that there will now be even less by one of the best publications in the world. I’ve personally reached out to some of the reporters if they want to do some freelance work, but no responses as of yet. Here are some thoughts about the layoffs. Read More

How To Get Bloggers To Write About Your Company Or Product

by in Lifestyle on May 20th, 2015

The larger your site grows, the more inundated you will get with requests to highlight a product, company, or service. It makes sense given your sphere of influence has grown. And as your sphere of influence grows, so does your revenue.

But not everything has to be about making more money online. I write mostly because I enjoy writing and interacting with people. If I didn’t, there’s no way I would have gotten through the first several years earning minimal income. There’s also no way I’d keep going after six years on Financial Samurai if money was the main object because I’ve turned down multiple seven figure offers already.

Selling an income producing asset when rates are this low is a suboptimal financial move. Once you sell, you’ll scratch and claw to try and replicate your business success to no avail. Besides, valuations for online media properties are skyrocketing with the bull market. We’re talking 10X or greater annual revenue multiples now compared to 5X or lower before 2012.

Enough about the joys of blogging. If you’re a publicist or marketer, I’d like to provide some tips on how you can get influential bloggers to write about your product! This post is a way to help you, and also help us bloggers who get inundated with uninspiring requests every day.  Read More

Feed The Trolls To Grow Your Website’s Traffic, Rank Better In SEO, And Make More Money!

by in Lifestyle on Apr 27th, 2015

The larger your website grows, the larger your website will likely continue to grow. It’s a virtuous cycle that makes blogging easier the longer you survive. You just need to get past that first two or three year wasteland, that most all of us go through where we wonder whether it’s all worth it or not.

If your website gets big enough, even 1% of your community who hates your guts will engender a lot of comments. For example, let’s say each article you publish garners 5,000 pageviews, 5% of your readers comment (250), and 1% of your commenters hate you. That’s 25 really nasty comments that when added together can probably combine for another full post! Read More

Are You Correctly Predicting The Future To Maximize Your Online Revenue?

Pick The Right Companies And Flourish

by in Lifestyle on Apr 16th, 2015

One of the big surprises to come out of blogging was not the realization that I could one day leave my full-time job in finance. That epiphany came when I received an advertising request on my iPhone while chilling at a bar on top of Santorini in the Fall of 2011.

The biggest surprise about blogging is its ability to be a dynamic resume to allow people to pivot into a new career!

One of the big reasons why I wanted to get out of the investment banking industry was because there was a loosening correlation between performance and reward. One would work harder, generate more revenue, and get paid less! That’s demoralizing. Ever since I left the banking world in 2012, there’s been report after report about how XYZ bank is downsizing its departments. I’ve also heard from old colleagues how their compensation continues to get squeezed.

Meanwhile, the consumption of online content continues to explode! Sites like Buzzfeed and Upworthy have come out of nowhere with mega valuations based on aggressive funding. Meanwhile, every week a new blogger is quitting his/her job to blog full-time. I’m bullish on blogging for the next 10 years, and I just wish I started Financial Samurai in 2003 when my father first suggested the idea instead of dilly dallying until 2009.

Financial Samurai now generates enough to put food on the table, without having to aggressively sell anything, work in an office, or report to anyone. It is a dream come true, and every day I thank my lucky stars.

What I’ve discovered is that to grow your revenue online, you’ve got to make educated guesses about the future. Read More

How Much Money Do You Need To Make Online To Be Happy?

The Various Stages Of Online Income Happiness

by in Lifestyle on May 13th, 2013

There are several research studies that point to $75,000 a year where happiness increases no further. The $75,000 is largely derived through day job income given most folks do not have any other income sources. I make an argument that $200,000 is the income level where happiness increases no further due to various tax credit and deduction phaseouts, AMT penalties, income tax targeting and general attitudes towards people making more than $200,000 a year. Here’s an income definition for what is considered rich as well.

So what about online income, especially if working online is just a hobby? Let’s discuss!

THE VARIOUS STAGES OF ONLINE INCOME HAPPINESS Read More

How To Write The Whale Post And Gain Lots Of Website Traffic

Creating Memorable, High Traffic Content

by in Lifestyle on Nov 17th, 2011

One of the reasons why public writing is so addicting is because there’s a chance somebody important out there might read what you’re writing and highlight it to somebody else important.  Your traffic starts to surge and your site might even crash due to server overload.  If this happens, congratulations!  You have found your Whale Post!

The Whale Post is elusive.  You think you’re writing interesting stuff, but most of the time nobody really cares, as reflected by the lack of comments.  You can have a site with thousands of subscribers with only 10 people motivated enough to leave some thoughts.  How demoralizing is that?  It’s only demoralizing if you think you’ve written something good.

Whale Post definition: A post which contains over 100 comments or 5X your average number of comments and accounts for at least 25% of your monthly traffic.  This is a new term that I’d like to introduce to the online writing community.

Here’s a case study of how the post, “How Much Do The Top Income Earners Make By Percentage” became a Whale Post on Financial Samurai.  If you search the term “top income earners“, you’ll see this post come up at the top of all major search engines.  Because of this, the post has received over 60,000 page views a month for the past couple of months.  Meanwhile, there are more than 700 hundred comments, hundreds of which could be stand alone 800-word articles themselves!

THE BASICS OF CREATING THE WHALE POST Read More

If You Want To Get Rich, Stop Messing Around!

Why Be The Worst When You Can Be The Best?

After three open houses and a couple hours of analysis, I thought I picked the top 5 rental candidates with the best financial records, but I was wrong.  All was fine until my fourth and last open house when a 28 year old single guy who graduated from CalTech came in and applied.  He is a software engineer at Google and makes $450,000 a year!  What the……

In addition to his eye-boggling income, he has $400,000 saved up after 6 years of working.  Perhaps some of that is 401K or Google stock, but whatever the case, I was blown away.  The 35 year old cardiologist who makes $300,000 has nothing on this Google guy, partly because the doc is in so much debt and also because he is so anal!  After 20 questions, you’ve got to give a person some breathing room buddy.

When I went to business school, a third of my classmates were engineers because they were the smartest people who were “stuck” making $150,000-$200,000 a year.  They saw their less smart colleagues in sales and marketing move up in the firm and make $300,000+ a year and were envious.  These guys all got 730+ on their GMATs out of 800 and 3.8+ GPAs out of 4.0.  It seemed obvious to me they had a chip on their shoulder and felt like they should be running the place.

The Googler’s applicant simply shattered my belief that engineers face a ceiling.  If you are 28 years old and making $450,000, you are absolutely crushing it.  Only in industries such as private equity, money management, and banking do 28 year olds with 6 years of experience make this kinda dough.  Even if you went to Yale Law School and joined super prestigious Wachtel Lipton, you start off at around a $200,000 base (vs. $160,000 base for the other top 20 corporate law firms) and a potential $100,000 bonus.

The war for talent is on!  So what about the rest of us?

PLEASE STOP MESSING AROUND Read More

You Might Be A Blogging Addict If ……

Confessions Of A Blogoholic

by in Lifestyle on Feb 4th, 2011

I love blogging.  I love blogging so much that sometimes I forget to eat dinner because I’m busy responding to comments, writing posts, and socializing online with friends. If I was a high school student again, I think my parents would worry about my health and offline social life. I can hear my father now, “Sam, how about going outside and meeting some nice girl or something?”

We have three main verticals on Yakezie.com: Personal Finance, Lifestyle, and Writing Contest.  What I’ve come to realize is that we might very well be missing one of the most important verticals… Blogging!  After all, the Yakezie Network is a network of bloggers who are all trying to figure out how to improve our respective sites.

Writing is a lot about self-reflection.  How do I feel about this situation?  Why do things happen the way they do?  Will I ever be able to get ahead?  I think about things constantly and if I didn’t put anything down in writing, I’d miss out on so many things because thoughts come and go in a flash.

One evening, I was reflecting on whether or not I have become a blogging addict.  Spending an extra 20-30 hours a week in front of the computer seems kind of excessive frankly.  I want to make sure that I won’t be checking into rehab soon and came up with a list to check my pulse.  Won’t you have a look and share your thoughts?

YOU MIGHT BE A BLOGGING ADDICT IF…. Read More

Navigating Auto Insurance with a DUI History

by in Personal Finance on Feb 15th, 2016

Whatever the reason, regardless of circumstance, and despite how much you may have progressed since, if you’ve received a DUI in the past, then you are going to deal with ramifications for a long time. What you can do, however, is start to better understand why it is costing you so much to have a DUI on your record. There are at least a few pieces of information that can help you to plan your future and hopefully save you some money in the process.

Read More

  • Financial Slacker: Sam, Thanks for continuing to post these articles. I’m coming up on 10 months with really...
  • Financial Samurai: Just remember, if you can speak forever, you can write forever! If you can get through the dip,...
  • Financial Samurai: Good luck! And never surrender!
  • Financial Samurai: Stick w/ it for 3 years, and I’m pretty sure you will surprise yourself with how much you...
  • Financial Samurai: Great stuff Sydney. I’m proud of you and so many others who were working day jobs, and...
  • Financial Samurai: I challenge you to actually try to get some hate messages! That’s when you really know...
  • Helen: Thank you for this post. I am just starting out and feel exactly like you described in the beginning. I have...
  • Dividend Diplomats: We are in year 3 of our website and have noticed all of these trends (except we never really got...
  • Untemplater: I totally agree that blogging gets better and easier over time. I’ve definitely become much more...
  • Jon @ Be Net Worthy: Thanks for the post Sam, it is inspirational and aspirational for new bloggers like myself....

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