Here’s the deal:
Time for another one of my monthly online income reports. I set the goal of earning $1,200 per month exclusively from my website and related projects by the end of the year.
You might be wondering why I share this:
These monthly income reports are meant to hold me accountable to both myself and my readers. They offer a glimpse into the nature of making money through a blog and other online endeavors, as well as my efforts to cover my expenses while traveling in the pursuit of becoming location independent.
On to this month’s report…
February 2016 Income Report
Each month I report on what I did well as well as what I could stand to improve on from a financial perspective, as well as a blogging strategy perspective.
What Did NOT Go Well
Book Writing
If you’ve been following things here for a bit, you know that I have some new book projects in the pipeline for this year… My big goal is to launch not one, not two but three awesome new Kindle books. Which would be one every four months.
We are coming up on the deadline for book #1 in April, and I haven’t made much progress since where I left things before. March has to change that…
I have quite a bit of the first draft done, but it needs some really focused polishing and refinement. I’ve basically just been in free writing mode for a while.
This book is all about why and how to take a career break. It sums up a lot of my thoughts about the transformative power of such endeavors.
Though I am also simultaneously semi-working on a book about my road trip across the American West…
If you’re planning a career break (or wish you could), I would LOVE to chat with you more about your situation, plans, and obstacles… I’m pretty confident I can help you work through some of them! Shoot me an email.
What Went Well
Personal Goals
Rather than focus solely on writing, I’ve been implementing a lot of healthy new habits into my routine.
I’ve been running every other day consistently, which I’m pretty proud of. I’m currently working on improving my 5k time but will soon be gearing up my trying for a 10k race in April, my first ever organized event. Should be interesting!
I also purchased a cheap acoustic guitar here in Medellin for just $33 and have been teaching myself to play guitar and have been having a great time picking away at it on a daily basis.
These two new habits alone have been great to adopt.
Full Income Report
-$159.58 – Amazon Affiliate Sales
-$67.88 – Big Travel, Small Budget paperback sales
-$42.42 – Big Travel, Small Budget Kindle sales
-$37.75 – YouTube Videos
-$1.77 – REI affiliate sale
TOTAL = $309.40
GOAL = $1,200 per month
26% of goal covered
Passive income has dropped and stagnated compared to last year, which is unfortunate. But it is all the more reason to get my butt in gear and start working on the next thing.
I’m only at 26% of my overall goal, and unfortunately income is down 8% compared to January ($336).
Sales of my book Big Travel, Small Budget have remained consistently above $100 per month for both Kindle and paperback copies which is excellent.
I’m also very proud that the book has 99 reviews on Amazon.com… I can’t believe I am almost over 100 reviews! If you’ve read the book and haven’t yet left a review, you’d be doing me a huge favor by taking a minute or two to write up a quick review and push me over the top!
For potential buyers, having three digits worth of reviews really sort of symbolizes a popular, must-have book.
Click here to review Big Travel, Small Budget on Amazon.com.
What Else is New?
We have been getting settled into our new apartment in Medellin’s Laureles neighborhood. It’s a lovely 3-bedroom, two-bath apartment with an awesome balcony. I’m using one of the bedrooms as my office.
The neighborhood is excellent–actually just a few blocks from where I used to live–and the price is hard to beat…
Just $315 per month for rent (without utilities).
Still working at getting it ready to put on Airbnb to rent out the extra room to other travelers.
We’ve been extremely busy this past week as we are foster homing four Labrador-mixed puppies (they are only 4 weeks old!) here in the apartment.
They are adorable, but a lot of work… Especially four at once!
They are going to be looking for good homes here soon… Who wants one?
Are you following me on Instagram or Facebook? Be sure to do so, if you want to get the latest.
That’s all I got for you this month.
If you found this post interesting or insightful please don’t forget to Like it, Tweet it, or otherwise spread the word among your social networks. Cheers!
As always questions, comments, and feedback are extremely welcome.
Ryan
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Comments 2
Once again, Ryan, your tales from the front-line are much appreciated. Much luck with the new endeavor(s).
Author
Thanks Jay! Gotta keep on keepin’ on… Try to keep it real during both the good moments and the meh-moments.