My income has been stable over the last month, which is always nice to know when you're in a bit of a precarious income situation, with 95% of your income being earned purely online.
Not only has my income been stable, there hasn't been too much change from last month in terms of the sources of income, so that's a second thing to be happy about!
And most importantly my income is about 130% of what I actually need to survive, so that's a nice chunk I've been able to put into my savings.
I've added a new category into this months recording - income from 'other social media' and games - which means Splinterlands/ blurt and PublishOX for now.
October Income Breakdown...
- ReviseSociology resource sales remains the largest category by far, with around 50% of my income coming from here - the blog stats are holding up nicely, and I'm happy enough with October's sales. What I'm not so happy about is no more teacher resource subscriptions! I could do with a few more of these.
- Revise Chatbot - it's my evil link to a 'paid essay service' - a little down on last month, but it's still doing it's bit.
- Marking - I don't enjoy marking essays, but this is double what it was last month, it's also a source of income I earn that's not dependent on Google search returns and selling resources, which is nice for income-security.
- Revise ads - no change really, a bit crap, but every little helps.
- Other social media - at 2% of my income I thought this was worth putting in - posting on Blurt and around £20 a month playing Splinterlands, it's worth a few minutes of my time every day for sure!
- Hive, which includes LEO - 21.5% of my income, that is substantial, and pretty good for me doing something I enjoy everyday.
Qualifications
This doesn't include any interest or dividend gains from investments, all of that just gets ploughed right back in.
Oh, and I haven't counted my house income from rent, maybe I should have put that in there too?!? That's around 20% of my total income after fees, which would push everything down slightly. I think, need to check actually! Slight oversight not including it!
Also with Hive, I don't draw down on that, that's really the part of my income that I 'reinvest' - the rest covers my day to days! Works out pretty nicely!
A few reflections
I'm quite happy with the balance of this - I don't have to work that hard to earn this money, about 20 hours a week.
In an ideal world the price of Hive and LEO would increase 5 times, then I can just live off those!
But for now I'll take stable income, especially since I'll shortly be buying land (although you've probably gathered I'm in NO rush to do this!) and reducing my income needs even further!
Posted Using LeoFinance Beta
It not million dollars that make you rich it is actually earning more than you need to spend(or expenditure) will lead to riches and content life.
Posted Using LeoFinance Beta
Well said, agree entirely!
Posted Using LeoFinance Beta
One of the most basic keys to wealth building.
Many are looking for this. I am confident you will get it, probably LEO will get there first if I had to guess.
Posted Using LeoFinance Beta
The prospect of living off of this blockchain is mind blowing!
But I'm too cautious to rely on it, for now!
That way everything else is a bonus, which is the best place to be in I think.
Posted Using LeoFinance Beta
The only way to be at this point. As encouraging as things are, we could see a crash in prices very easily.
The run up is always fun yet we need to remember volatility goes both ways. Professional investors/traders understand this. Amateurs forget there is a downside too.
Posted Using LeoFinance Beta
What's your account name on Publish0x? Didn't find revisesociology there.
Posted Using LeoFinance Beta
Ah it's realsociology
Posted Using LeoFinance Beta
Cheers! Gave you follow and will give you a vote when I remember to do so.
I don't interact with Publish0x much, just copy my articles there, but I make 2$-3$ per post that way so it's a nice bonus.
Posted Using LeoFinance Beta
I noticed you do well there, I give you the odd upvote.
Cheers for the support, i don't do well at all over there, but I hardly put any effort into it.
Posted Using LeoFinance Beta
Their algorithm is pretty stupid honestly - it's all about having your articles put to popular.
From what I figured - whenever I do an article that's at least 5 minutes to read on Leo it will always go to popular, no matter how many upvotes/views it gets in the first hour.
Posted Using LeoFinance Beta
I wonder if it's got anything to do with tags or people liking?
Posted Using LeoFinance Beta
I don't think so honestly - I had posts with less than 50 views and just a single upvote go to popular. I see other authors with rather short articles get to popular, though. Maybe they just flag authors to be put there or something, it's really odd.
Posted Using LeoFinance Beta
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STOPTo support your work, I also upvoted your post!
Do not miss the last post from @hivebuzz:
my evil link to a 'paid essay service' - Hahahaha... that is funny right there. I am an engineer and so English and I only had a passing knowledge back when I was in school. I may or may not have sought such a service during my "Technical Writing" class.
Posted Using LeoFinance Beta
They must do a good business - the company who runs it sent me $800 straight to my Paypal account for the first month I put it up.
Now it's just commission.
Sweet
Posted Using LeoFinance Beta
I strongly believe as time goes on, hive will make 50% of your monthly income and no more %20 something