Recently bitcoins climbed well above $7,000, and to think just a few weeks ago people were panicking because of a slight dip. Well, that dip never lasted long did it…
I know this is not true passive income, but I’m all for flexible work especially whilst your passive income portfolio takes off. The most importing thing I must stress is that you do not eat in to your savings. If that means you still have to do some work, then so be it.
So, my buy to let mortgage came in and I’ve got around £40,000 in the bank from my first property. So I initially bought the property for £40,000, spent just under £5,000 doing cosmetic repair to the property. I’ve had two years worth of rent with no void periods equalling around £12,600.
Creating passive income is desired by most, and we usually set a fixed amount of passive income we need or want based on the amount needed for either retirement in later life / or to come out of work in the short term. However, this figure can be reduced by clearing off any current debt you have.
Here is what I have done in September 2017 (launch month).
- Content Creation: I’ve spent around 14 hours creating 7 unique articles for the site.
- Setting Up: I’ve spent a further 5 hours setting up WordPress, plugins, themes, hosting, domains and SSL.
- Social Platforms: 1 hour spent setting up Facebook/Twitter and integrated with blog, along with branding.
- Getting The Word Out: Spent 30mins making some posts on Warrior Forum about my blog.
No significant traffic as of yet, nor any income.
What I shall be working on next:
- Free ebook to collect opt-ins.
- Communicating on Twitter to get the word out.
It’s no secret that you can make money from having your own blog, but what about when you decide to move on? Can you sell your website for some cash? of course you can…