Welcome to PMI Income Reports!
Every month I create
and share these reports which is a detailed account of my online
earnings which helps me keep track of my progress, the trials and errors
and also to give readers the ability to join me on my journey and
hopefully take something out of it that you can use for yourself!
Happy Holidays from PMI!!! Hope everyone enjoyed their holidays and ready to go into the New Year. There's alot of great things that is coming in the 2016, but for now, let's wrap up the year and get into Decembers Income Report.
December was both a great and sad month for my family and I. The day after Christmas, one of my grandmothers, whom is in her mid 90s, has not been doing to well lately so my family has been preparing for the worst. On a lighter note, we were still able to all get together to celebrate the holidays which I was quite happy about.
Reading
Lately, I have been reading a lot of books on various topics which has been changing the way I think about money, life and my future. Now, I am not a fast reader nor do I read everyday but one habit that I am working on is reading a few chapters right after my morning workout (more on my workout below). As part of my challenge to myself to learn and open up my mind to new things, my goal is to purchase and read at least one book per month in which I will be able to use some of the information I've learned to improve my life overall whether it is financial related, personal and business relationships, my health or any other areas of my life I may not have mentioned.
Lately, I have been reading a lot of books on various topics which has been changing the way I think about money, life and my future. Now, I am not a fast reader nor do I read everyday but one habit that I am working on is reading a few chapters right after my morning workout (more on my workout below). As part of my challenge to myself to learn and open up my mind to new things, my goal is to purchase and read at least one book per month in which I will be able to use some of the information I've learned to improve my life overall whether it is financial related, personal and business relationships, my health or any other areas of my life I may not have mentioned.
This month, I decided to end the year off with a quick refreshment of what I think is the best financial educational book to date. Since 2008, I have read Rich Dad, Poor Dad by Robert Kiyosaki numerous times, especially around year end, which helps me set my financial goals for the following year.
Now I'm pretty sure just about everyone has read Rich Dad, Poor Dad before, but if you haven't, it is never too late to get your hands on this book. I like to think of this as a "Financial Independence Step by Step Manual" for those who seek financial independence, wealth or simply to sharpen your financial intelligence.
For those that are not familiar with the book, Rich Dad, Poor Dad gives you the financial education you will need to know about personal finance, starting a business and understanding their structures, taxes and laws around them, investing in the stocks, mutual funds & real estate, wealth building and understanding how money works.
There's many different subject and topics that Robert Kiyosaki touches on throughout the book, but the most famous of all has to be the "CashFlow Pattern, where he explains the the differences between Income, Expenses, Assets and Liabilities, much like the "CashFlow Quadrant" which describes the differences between being an Employee, Self Employed, a Business Owner and being an Investor.
While reading Rich Dad, Poor Dad, one quote that stuck with me throughout the book was "Mind Your Own Business" which is actually a chapter on its own, explaining that people should worry more about making their money work for them rather than focus on making money for someone else and their business.
Check out this Months' Monthly Read: Rich Dad, Poor Dad by Robert Kiyosaki
Now I'm pretty sure just about everyone has read Rich Dad, Poor Dad before, but if you haven't, it is never too late to get your hands on this book. I like to think of this as a "Financial Independence Step by Step Manual" for those who seek financial independence, wealth or simply to sharpen your financial intelligence.
For those that are not familiar with the book, Rich Dad, Poor Dad gives you the financial education you will need to know about personal finance, starting a business and understanding their structures, taxes and laws around them, investing in the stocks, mutual funds & real estate, wealth building and understanding how money works.
There's many different subject and topics that Robert Kiyosaki touches on throughout the book, but the most famous of all has to be the "CashFlow Pattern, where he explains the the differences between Income, Expenses, Assets and Liabilities, much like the "CashFlow Quadrant" which describes the differences between being an Employee, Self Employed, a Business Owner and being an Investor.
While reading Rich Dad, Poor Dad, one quote that stuck with me throughout the book was "Mind Your Own Business" which is actually a chapter on its own, explaining that people should worry more about making their money work for them rather than focus on making money for someone else and their business.
Check out this Months' Monthly Read: Rich Dad, Poor Dad by Robert Kiyosaki
Exercising
As part of my personal growth journey, I've started a small workout plan 4-5 days out of the week in the mornings and I can honestly say it is one of the best decisions I have made. As I am learning that working in front of a computer screen all day and not maintaining a healthy lifestyle can really mess with your health, I decided to design a simple workout plan that is very easy to stick to and can be done in about 30-45 minutes.
Here is the small plan I've put together:
- Run - 1.4 miles
- Push-ups - 2 sets of 25
- Sit-ups - 2 sets of 25
The workout plan above is a simple plan that I put together for myself that would help me along my journey. My goal with the workout plan is not to necessarily to gain muscles but more along the lines of tuning the muscles, staying healthy and in shape and to help me stay focus and self aware. There will be some major changes to the plan as we come into the New Year which I very excited about and can't wait to show to you guys!
Online Learning
Another part of my personal growth journey that I am really enjoying is keeping up with the #AskGaryVeeShow on Gary Vaynerchuk YouTube Channel. On top of keeping up with Pat Flynn on Smart Passive Income and Matthew Allen on Dumb Passive Income, I'm also listening to Glendon Cameron on his YouTube channel just about everyday which is how I found out about Gary Vaynerchuk. The techniques and lessons I am learning from these guys are all great and I have been applying them online, offline, and in my daily life with some successes so far. Another reason I enjoy listening to them is because they both have the years of knowledge and authenticity of creating and running real businesses.
Niche Sites
December consisted of me producing a lot of content for my sites during the days that I did work. One of my goals that I have NOT kept up with was to produce at least 10-12 articles per week which would amount to around 2 articles per day. In reality, over the last few months, I've only got up to about 5 per week, and that's on a good week.
Some weeks, only 1 was completed, on others, 2-3. I am really trying to get focus and get a on schedule with my goals for my niche site portfolio. Right now, being that it is just a one man operation, it's going to take some time to complete all the work on the table right now but for the most part, I am seeing some progress.
Here are some of the things that I have completed or still working on right now to go into the New Year:
Niche Sites, YouTube Channels,
Also, a funny thing has been happening lately. One of my sites that I built early last year which up until around Late October was just plain dead. The site had 0 views for the first 6 months of the site going live, then a spike a views occurred which is due to a single article which is now getting between 50-100 views per week. The article is ranking very well for the keywords used so I am using this article as a reference for producing more articles for the site.
There will be more details about this as we go along. Now it's time to get into this months online earnings.
Income
Affiliate Earnings
Expenses
Short Recap
As we close the year out, I can see that there is still alot of work to be done. Since leaving my job in 2014 to run my own business, there were many ups and downs but overall it was a learning experience.
A year later, I have made some major improvements and can see the some growth between the businesses. I may not be making the passive income that I really would like to see but I know it is a work in progress. Already seeing some progress, some of my sites are starting to make little bits of money every month and it's quite exciting taking into consideration that all of the traffic to the niche sites is organic.
I've realized that because I am taking the route of building up my sites naturally without many of the tools that's available, it will take some time to grow my sites and my audience base on the different platforms and I am committed to the long term process of it all. I am very excited and confident with the current plans for my niche sites and the way things have been shaping out but for the most part, there's still alot of work to be done to get them where I want them to be.
Thank You for being apart of my monthly online income report. I am look forward to your comments and any suggestions as I am always looking forward to improving and learning new things that will help me grow and build my online business.
Another part of my personal growth journey that I am really enjoying is keeping up with the #AskGaryVeeShow on Gary Vaynerchuk YouTube Channel. On top of keeping up with Pat Flynn on Smart Passive Income and Matthew Allen on Dumb Passive Income, I'm also listening to Glendon Cameron on his YouTube channel just about everyday which is how I found out about Gary Vaynerchuk. The techniques and lessons I am learning from these guys are all great and I have been applying them online, offline, and in my daily life with some successes so far. Another reason I enjoy listening to them is because they both have the years of knowledge and authenticity of creating and running real businesses.
Niche Sites
December consisted of me producing a lot of content for my sites during the days that I did work. One of my goals that I have NOT kept up with was to produce at least 10-12 articles per week which would amount to around 2 articles per day. In reality, over the last few months, I've only got up to about 5 per week, and that's on a good week.
Some weeks, only 1 was completed, on others, 2-3. I am really trying to get focus and get a on schedule with my goals for my niche site portfolio. Right now, being that it is just a one man operation, it's going to take some time to complete all the work on the table right now but for the most part, I am seeing some progress.
Here are some of the things that I have completed or still working on right now to go into the New Year:
Niche Sites, YouTube Channels,
- Producing 100% quality original articles
- Finish writing my first fiction book
- Creating new content for YouTube channel
- Organizing a schedule to post and interact on sites and social media platforms
- Building several new niche sites to add to my portfolio
- Develop a streamlined process for building niche sites and creating content
Also, a funny thing has been happening lately. One of my sites that I built early last year which up until around Late October was just plain dead. The site had 0 views for the first 6 months of the site going live, then a spike a views occurred which is due to a single article which is now getting between 50-100 views per week. The article is ranking very well for the keywords used so I am using this article as a reference for producing more articles for the site.
There will be more details about this as we go along. Now it's time to get into this months online earnings.
Income Report - December 2015
Income
Affiliate Earnings
- $3.86 - Amazon Associates for sales on Amazon.com
- $0.13 - Revenue from Niche Sites
- $0.00 - Mobile Advertising
Expenses
- $0.00 - Since most of my sites and apps have been up before I started this challenge, I did not include the expenses I paid earlier in the year for the domain names, fee, etc. I'm pretty sure it will not stay like this for too long once things start to pick up!
- $10.33 - Domain Names
- $25.00 - Google Play Developer Fee
- $40.00 - Development of Mobile Apps
Short Recap
As we close the year out, I can see that there is still alot of work to be done. Since leaving my job in 2014 to run my own business, there were many ups and downs but overall it was a learning experience.
A year later, I have made some major improvements and can see the some growth between the businesses. I may not be making the passive income that I really would like to see but I know it is a work in progress. Already seeing some progress, some of my sites are starting to make little bits of money every month and it's quite exciting taking into consideration that all of the traffic to the niche sites is organic.
I've realized that because I am taking the route of building up my sites naturally without many of the tools that's available, it will take some time to grow my sites and my audience base on the different platforms and I am committed to the long term process of it all. I am very excited and confident with the current plans for my niche sites and the way things have been shaping out but for the most part, there's still alot of work to be done to get them where I want them to be.
Thank You for being apart of my monthly online income report. I am look forward to your comments and any suggestions as I am always looking forward to improving and learning new things that will help me grow and build my online business.
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