How To Survive A Stock Market Correction As An Investing Blogger

by in Personal Finance on Aug 24th, 2015

Let’s say you’ve quit your job to be a financial blogger, more specifically, a blogger that mainly writes about how to make money in stocks. Or maybe you’re planning on quitting your job to be an investing blogger. Please reconsider! With a 15%+ correction in the Dow Jones within three days, things are looking dicey.

We’ve seen a proliferation of stock market bloggers who’ve never worked in the industry and who’ve only seen an up market since they started within the past five years, give advice to thousands of readers. Some might not even have any formal college education. This is a very precarious situation for readers and blogger alike.

If you are an investing blogger, you’re going to face difficult times if you don’t diversify your content because people will just stop visiting your site if all you’re talking about is your latest stock purchase that is going down. When you’re losing money in the stock market, the last thing people want to do is talk about the stock market! 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

A Lifestyle Business Is The Way To Go

by in Lifestyle on Jul 16th, 2015

After publishing, Can Financial Samurai Be The Next Billion Dollar FinTech, I got a lot of feedback from readers about what I should do. After checking out the poll results and reading all the comments, I’ve come to the conclusion that a lifestyle business is absolutely the way to go!

For most of us, blogging is a fun way to connect with other folks and earn a few extra bucks. What I’ve noticed about blogs who pursue riches is that they ultimately lose their voice. Once you lose your voice, you lose your brand. And once you lose your brand, there’s no more fun because you’re simply doing everything for money. 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

How To Make Money Quitting Your Job
  • Jeff: There’s certainly lots of smoke and mirrors out there! Thanks for highlighting.
  • Financial Samurai: That’s the beauty of the internet. We can all say whatever we want as it’s our site....
  • Financial Samurai: Ah yes, you feel the nausea as well. But, readers do love voyeurism. The real test is the August...
  • Financial Samurai: He does. Readers love him, as they are just like him. He’s been doing good so far with his...
  • MoneyTime: The blogger you quote doesn’t seem to have much respect for his readers.
  • Milt: In the military, we call this smoking the enemy out. If there are charlatans out there who are teaching people...
  • Untemplater: There’s definitely the likelihood that a downturn will squeeze many bloggers out. Even good times...
  • Dave: Active investing just seems so stressful to me. I’m glad I’ve gone the passive indexing route. I...
  • Mr. Utopia: I like how the investing blogger was afraid of losing credibility yet was extremely tempted to...
  • JackS: The stock market correction is going to definitely expose a lot of these one dimensional investing bloggers. A...

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