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

How Many Times Should You Post A Week? Blogging And Social Media

by in Personal Finance on Aug 11th, 2015

After six years, I’ve average 3.5 posts a week on Financial Samurai. My frequency is generally M, W, F, and sometimes Sunday followed by M, W, F again. However, I have experimented with doing one post every two days for months at a time as well e..g. M, W, F, Sunday, T, Th, Saturday, M, W, F repeat.

During the first three years of blogging, my mindset was always “more is more.” The more posts you can publish, the more comments you can leave, and the more guest posts you can write, the better. I even encourage fellow Yakezie Members to write the most during the slow summer months in order to get that “slingshot effect” post Labor Day.

Now, I’ve changed my production thought process. I’d like to hear from you how your production thought process has changed as well. 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

To Build Greater Wealth Never Sell Your Income Producing Assets

Hold On To Your Blog, Real Estate, And Dividend Funds For As Long As Possible

Do you know what happens when you sell an income producing asset? You end up spending so much time trying to recreate what you sold in vain. Thanks to inflation, declining interest rates, and a bull market, the asset you sold becomes tougher and tougher to replicate if you don’t buy another asset immediately.

Selling an income producing website is even tougher given it often takes at least a year or two to produce any meaningful type of income. Not only do you lose your voice online, you also lose the relatively passive income and a platform that could lead to many new opportunities.

Bottom line: try not to sell your income producing assets if you want to create greater wealth in your lifetime.  Read More

How Important Is Social Media To Your Blog Or Business?

Maximize Your Use Of Time And Money Online

As an online media consultant for several financial technology companies, I’ve been asked to think about existing traffic acquisition strategies and figure out better ways to utilize a company’s time and money to improve returns. I love analyzing data and finding solutions to increase ROI. As a problogger, leveraging my experience building Financial Samurai over the past six years to help other companies grow their brand and traffic online makes sense.

For the longest time, I’ve had a bias AGAINST social media. Who has time to tweet, like, flip, share, and do all that? Social media seriously feels like a huge time sink if you are just a one or two person show. The only platform I really use is Twitter, and even Twitter I feel is not a very good use of my time.

Look at what happens on social media:

* You open yourself up to social flaming wars

* You create stress by always feeling you have to respond to people

* The police come and arrest you once you tell everybody on Facebook you robbed a bank

* Given Facebook’s privacy settings are so confusing, Mark Zuckerberg’s sister didn’t realize the family photo she posted on her Wall was actually accessible to more people than she thought.

* You don’t get that much traffic back to your site, unless your site is really small, or all about social

There is social media overload, and I just don’t have time to run a Facebook page, Pinterest page, Twitter feed, Google+ page, and LinkedIn page to help those sites gain traffic. Instead, I’ve focused all my time just writing content on Financial Samurai and doing the basic social media publishing, but nothing more.

But some people are rockstars at social media and I wonder if it takes a certain type of personality to always be talking about yourself and your work online. I personally get sick of hearing myself speak, which is why I’m constantly looking for other viewpoints.

Let me share with you a spreadsheet I put together on various sites’ traffic figures, social percentage, and social percentage. Let’s see if we can glean any data together. Read More

How To Negotiate A Severance Package
  • Financial Samurai: Check out BlueHost. Costs $3.95 a month and you can set up your WordPress site in no time.
  • Paul: Thanks for an interesting perspective on pro-blogging. I’ve always wanted to set time aside to start a...
  • MoneyTime: I would find it hard to be down on ad blocking, simply because I love it as a user (and have used them for...
  • Sam: Of course for you Chitika is better. Because the founder of Chitika is Indian.
  • Jackie: Ad blocking is definitely a concern and a bummer for bloggers. How does everybody expect people to product...
  • Untemplater: Sounds like a great conference! What a crazy graph. As a blogger it is frustrating that ad blocking...
  • Jack: The best blogs are personal and tell stories. The worst blogs are just all affiliate advertising posts. No...
  • Financial Samurai: I think that’s correct. And as a result, the content will just get better because only the...
  • Mr. Utopia: I could be wrong, but it seems this trend will make it more difficult for beginning and some journeymen...
  • Steve Miller: I blog twice a week. I haven’t settled on specific dates or times though. Do you really see...

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