Sometimes things don’t go according to plan. Our hunt for an investment property has come up short, yet again. This time the duplex didn’t pass inspection. So the question is, do we give up or do we MAKE IT HAPPEN!
Everybody loves to take sides. In the personal finance world, you’re either for frugality or focusing on big wins. We think to build wealth, you need both. If it takes money to make money, then where does that money come from? And once you make money, how are you supposed to keep any of it if you can’t control your spending?
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Every month we make between $100-200 a month online from a few websites I built back in 2011. Everything I learned about making money online said to build low quality websites and then write hundreds of articles linking back to it, so it looked more useful than it really was.
Unfortunately google released their Panda update a month later that changed everything. But, 3 years later we still make a couple hundred bucks, so it wasn’t a complete waste of time.
Even more important is that I learned how to do it the right way, which happens to also be the hard way. The simple formula for making money online is:
Create useful content, build an audience. Then sell them a product of your own, or put ads on the site.
In the video I give an example of my own failed websites, and example of the right way.
Leave a comment if you’d like to hear more specific ideas for making money online.
Hope you’re feeling nosy! We’re about to strip down to our financial birthday suit and reveal our income, expenses and net worth. We did it to keep ourselves accountable to our goals and make things more interesting for you guys.
We debated for months whether we should or not, but decided it would need to happen sooner or later, so why not sooner!
We’ll cover our expenses in detail in another video.