Time for a new income and stats recap of my three websites on Make Money Your Way
PS: Don’t forget to enter our BIG $500 or iPad mini 64Gb giveaway!
Time for a new income and stats recap of my three websites on Make Money Your Way
PS: Don’t forget to enter our BIG $500 or iPad mini 64Gb giveaway!
Better late than never, there is a new post on Make Money Your Way sharing the blog income and stats of my three sites for June.
Click to read more…
Since I started Make Money Your Way last July, I took a pledge to give 10% of my blogging income to support children education in my village. As you may have read in a previous update about the project, I gave two scholarships to the best two students of middle school so they can go to high school 150 miles away for the next three years.
The expected cost for boarding school is around $2,500 per kid, per year, so $15,000 over the next three years. Yep, I need to make $150,000 blogging :).
Here is the money I have
10% of July’s income : $404
10% of August’s income: $253
10% of September’s income: $297
10% of October’s income: $357
10% of November’s income: $269
10% of December’s income: $462
10% of January’s income: $329
10% of February’s income: $634
10% of March’s income: $195 (because I donated $300 to Charity:Water)
10% of April’s income: $459
10% of May’s income: $697
10% of June’s income: $756
And $2,550 from reader donations + two old laptops. THANK YOU!
Thank you to each and every reader as well for helping me improve my stats and hence affiliate sales, Adsense revenue and blogging income in general. You rock!
So far, I have spent $4,066 explained in the last update, between supplies and uniforms for the new school year (January), boarding school tuition and buying a couple of laptops for my computer literacy project. I have $3,596 left.
I paid for April’s tuition at $478 a bit late as on April 1st the school still hadn’t provided me the receipts for March, which I paid at the end of February, and the field trip for the accounting students to Guatemala City, to visit the central bank and other institutions. I was annoyed honestly, mostly bothered because I hate not paying for something in due time but I knew that if I paid I would never see the receipts.
The kids have a sort of parents meeting where they get their grades for the first quarter of the year next week and invited me to go over, but it is a three hour drive, on a Thursday meaning I can’t even give them a ride back to the village for the weekend, and think the $50 worth of gas would do more good invested in the project. I still plan on visiting the school soon though, as it is on my way to Guatemala City where I will go soon. I did give $45 to the kid who didn’t go on her one day field trip as I offer her the money to pay for three trips back home instead of just spending a very expensive day at the beach and she made me proud by choosing to go back home instead.
Unless they grow up quickly and need new uniforms, I think they are all set with just tuition costs for the months to come. Well, I thought. I just had to give $32 to buy more arts and crafts supplies and $24 for bus rides to go to summer practice for the next six weeks.
Total with tuition and board from April to June: $1,535
At the moment, I have four laptops in use in the village. I didn’t want to give them to the school because they used to have computers, the computers broke, and now no one is fixing them. And I don’t want to have a teacher tell me what I can and can’t do, I want the kids to have fun learning, and if browsing the web for songs or chatting with their family who immigrated to the US is what will teach them how to type and browse, that’s fine by me.
Can you believe that the teachers actually give the middle school kids assignments to browse Google for things and do presentations when they don’t even know how to do a Google search? Teachers come from a nearby town and seem to have little grasp of reality sometimes.
So instead I gave the laptops to the girl who cleans my house, to set up a little internet café at her place, one block away from school. She is from Spain and comfortable around computers, so that is a big help. Our deal is that three half days a week, for four hours, she will teach any kid from school who wishes to come over how to use a computer, and since she has the computers at her place and pays for electricity, during the rest of the time, she is free to use them and rent them by the hour as an internet café.
She is well organized so she has divided the 12 hours a week into 12 groups and so far it has been a smashing hit, as 50 kids have enrolled! The word of mouth just took a few days and we started last week, with 4-6 kids per session. You wouldn’t imagine how the first session went, those kids had never been around a computer at age 10-14, and she had to teach them how to turn it on and off, then they played a little bit on Paint to learn how to use a mouse. They were all perfectly silent and in awe, like we were teaching them some kind of very powerful skill.
To ensure continuity, the kids each are assigned one hour per week, with the same teammates. Out of 50, I would say 40 or so are girls, which fits perfectly my goal to help girls first, as they get less opportunities overall to get an education. If the family doesn’t have money to send all kids to school, generally the males will go.
It was funny because they didn’t know what to expect when we started promoting the computer class, one hyperactive girl was sent to register by her mum who just was happy to have her out of the house for a change, and another one came in and asked if that was where the English class was held :). As a matter of fact, as I bought laptops in the US and was given some by readers, they do have the operating system in English so they’ll get to learn a little English as well!
The Spanish girl will keep teaching the kids three half days a week and I pay her salary at $25 per week. She shares a full time job with her boyfriend the handyman/gardener at my place, and while I need her more lately thanks to the Airbnb guests, she used to sell snacks on the side to construction workers but another lady took over so she can use the extra money. Plus her house is much closer to school than mine if I were to teach at my place, the kids would have to walk 15 minutes to get there. I hope she can make a little extra with the internet café as there is none in the village.
I also pay for internet connection, and expect April to come around $80 as I tried to buy a wifi router to share one wifi connection with all computers at once, but we don’t have a phone line and they were out of USB routers so I have to put a modem and pay for internet for each computer at the moment. Total budget for April $192. It went a bit lower in Mayas I bought the $100 wifi modem, and in June the kids were on break so allowed to download more data (they love music clips), which was more expensive.
Total from April to June: $716
Note: I have been offered by the gentlemen who will dig our well next month and live in Ohio that I could send laptops to their house and they would bring them over to Guatemala so if you have an old laptop that could use a nice retirement under the Guatemalan sun, please let me know, it would be fantastic to have more laptops and grow the project.
Around here, nobody reads. In Guatemala in general, it is hard to come across someone reading a book. I grew up reading book after book and believe it is a great way to learn, dream and grow. So I bought a few books for the kids. Nothing heavy. Comic books, fairy tales with big pictures and few words, to give them the taste to read. The girl that gives computer classes told me she often lent small books to 10-12 year olds and was appalled they read so slowly and didn’t catch half of the story. So I thought let’s start with something they would enjoy reading for the ease of it and the colorful pictures. Spiderman, Superman, Disney’s characters… As books are overpriced here ($20 and up for a children book!), so to give it a try I bought some used ones for $1-$5. I even found a children financial education book from the bank of Guatemala! Every week when they go to computer class, they leave with a book and bring it back the next week. It was a hit! Some had already read them all, so when a friend gave me $300 to buy more books, I got some nice new ones, mostly comics from Tintin and Astérix, who are so popular in France. They have a huge interest in learning English so I might try to find some basic English reading books next time.
Total from April to June: $340
I have $1,305 left. Once again, thank you for supporting my blogs and making this possible!
Most of us have a list of blogs we turn to regularly for entertainment, helpful tips, news, or social purposes. You may even already have a blog of your own, and enjoy posting articles and responding to comments from your readers. Have you ever thought about turning your interest in blogging into a side stream of income? Although it’s unlikely that you will “get rich quick” from blogging, there are certainly many ways to monetise your blog which are worth thinking about.
Sign Up for Advertising
One of the quickest and easiest ways to start making money from your blog is to sign up for programs like Google Adsense. What’s important to realise with advertising is that it may take some time to start making money. If you are just starting out and don’t have many readers, your pay from advertising will be quite low, because it is based on the number of page views your site gets. Stick with it and you’ll see your revenue start to rise. It’s helpful to look at ways to increase your site traffic. These on page SEO guidelines are a great place to start, for example.
This option is similar to advertising, but the payment procedure is slightly different. Rather than getting paid according to the number of page views your blog receives, you are only paid when visitors click on the banners or ads placed on your website. When a visitor sees the ad or badge on your blog and clicks through to the advertiser’s website, you are then paid either a flat fee or percentage of the resulting sale. Like advertising, this can take some time before you start to see results. Yet if you keep advertisements small and related to the content of your blog, it can do no harm to try.
Another popular option as your site traffic grows is to start accepting sponsored posts. Businesses may ask you to write an article on their behalf, with some mention of their product or that link back to their company website. They may also write to you asking if they can put up a guest post. The type of content you accept for your blog is up to you. You’ll need to walk the line between providing content that your readers will enjoy and accepting payments from sponsors for posting outbound links.
Posting Reviews of Free Products
Although this isn’t really a way to make money, a nice little side bonus of blogging is that businesses may offer you freebies as a way to gain exposure for their products or services. This can take some time to get into, but once you have started reviewing a few products you’ll probably find that the offers start rolling in.
You can increase your chances of making money by consistently working on expanding your audience multiple streams of income. A business will be far more willing to pay you top dollar for a sponsored post or product review if they know you have a large readership. One way to do this is by using SEO keyword research ideas as the basis for your posts to improve your search ranking. Another option is to use social media to promote each of your posts, and invite your readers to share with their network. With consistent, high-quality posting and utilising some of these techniques, you’ll find that your blog provides you with a nice side stream of income.
This post was featured on the Think Rich Be Free, thank you!
Welcome to the 23rd edition of the Carnival of Financial Independence, a selection of the best articles related to Financial Independence this week. If you would like to be included next week, please submit your post via Blogger Carnivals. If you would like to host for a future edition, please contact me.
The guidelines are:
I give tips on how you can Make Money by Renting Part of your House or your Basement, Eva from TeensGotCents shares how to Graduate College Debt Free and I ask How Many Hours are you Willing to Spend on Blogging
Little House @ Little House in the Valley recommends you Don’t Feed the Critters and other wildlife.
Miss T. @ Prairie Eco Thrifter shares 4 Ways to Improve Your Travel Experience
Glen @ Monster Piggy Bank proves that there are plenty of Super Cheap Hobbies For People On A Budget
Brock Kernin @ Clever Dude wonders What Would You Do For a Cheap Hotel Room?
Money Soldiers @ Money Soldiers gives Responsible Car Buying Tips
Ryan @ Cash Money Life explains Why you Should Take a Vacation
Tommy Douglas @ Getting Fit As A Baby Boomer Over 50 is Considering Starting The Paleo Diet
FI Pilgrim @ FI Journey talks about The True Impact Of Lifestyle Choices
Kathleen O’Malley @ Frugal Portland shares her experienced Going on a Road Trip using AirBnB
Robert @ Entrepreneurship Life encourages you to Become a Morning Person, All The Successful People Are Doing It
Bargain Babe @ BargainBabe.com shares 7 Cheap Meals for Dinner that are affordable, but also tasty!
Travis Pizel @ Enemy Of Debt says once you get A Taste of Financial Freedom is like, you never want to go back!
Barbara Friedberg @ Barbara Friedberg Personal Finance teaches us how to Build Wealth In 15 Minutes A Day
Michael Kitces @ Nerd’s Eye View talks about how the IRS allows you to change your Fixed And Variable Inherited Annuities to ones that fit your needs better.
Everything Finance @ Everything Finance Blog weighs the pros and cons of Paying 0% Interest Debt
MMD @ IRA vs 401k Central has A Strategy for Getting the Most From Both a Roth IRA vs 401k
Claire Murdough @ ReadyForZero Blog shows how Baby Boomers can reach financial success.
Penny Thots @ Penny Thots investigates Collecting African American Art as an investment.
Matt Becker @ Mom and Dad Money shares his thoughts on Peer-to-Peer Lending
Mr FD @ Financial Debauchery calculates How Much Gold is Worth
Irfan @ Everything About Investment explains What Makes Stock Prices Volatile
Dividend Growth Investor @ Dividend Growth Investor reviews Eleven Dividend Paying Stocks he Purchased Over the Past Week
Investor Junkie @ Investor Junkie is Putting Warren Buffett’s Investing Advice Into Practice
Jacob @ Cash Cow Couple reviews Personal Capital.
Paul @ The Frugal Toad lists The Pros and Cons of Borrowing Against a 401k
Jon @ Novel Investor explains how The New 3.8% Medicare Surtax works.
Jason Hull @ Hull Financial Planning describes The Differences Between a House You Live in and a House You Invest in
Monica Iannacone @ Monica On Money shares How to Payoff Your Mortgage ASAP
Daisy @ Suburban Finance runs the numbers on Renting Vs. Buying.
Mrs. PoP @ Planting Our Pennies teaches us How To Use Market Comps to value a house.
Lazy Man @ Lazy Man and Money’s Tenants Won’t Get Out!
Robert @ The College Investor thinks you may not be such a Successful Stock Picker for doing well over the last few years.
PK @ Don’t Quit Your Day Job shows a Major In Photography may not be the best way to invest in your career.
Christopher @ This That and The MBA shares tips on How to Keep Your Business Running Smoothly While You’re Away
DW @ Great Passive Income Ideas give pointers on how to Make Money on the Side
Grand Per Month @ Grand Per Month shares some ideas on how to Make Your Challenge an Opportunity
Mrs. Accountability @ Out of Debt Again offers a tutorial on How to Reconcile Your PayPal Business Account
Alexis @ FITnancials shares her Extra Money Ideas
GMM @ Grad Money Matters wonders if you Should you blog for money?
Michelle @ Diversified Finances lists the Disadvantages/Negatives of Working From Home
Evan @ My Journey To Millions wonders if You Have a Right to Choose Your Child’s Degree or Major?
Buck Inspire @ Buck Inspire shows how he Forced Out Of His Comfort Zone
Harry Campbell @ Your PF Pro picks the Best Day of the Week to Quit Your Job.
MMD @ My Money Design shares his Thoughts on Mind Control
Alexa @ Making Sense of Cents gives Tips for Diversifying Your Income
Holly Johnson @ Club Thrifty is starting the Club Thrifty Fall Financial Lockdown
Minimalist @ Minimalist Finance shares how to Save Money on Your Education (Or Get it For Free)
Eva Baker @ TeensGotCents offers some Thrift Store Costume Ideas
John S @ Frugal Rules wonders When You should Start Saving for Retirement?
Cat Alford @ Budget Blonde give tips on How to Avoid A Savings Addiction
Mr CBB @ Canadian Budget Binder warns you against buying expensive cheap junk.