It has been a crazy month in the world of WAPH. Two birthdays, a death in the family, a wedding, and the local pie festival. Pile that on top of switching careers and the adjustments I’m making to my new life, and I’ve had enough to make my head spin. I’ve been incredibly frustrated at times.
As far as finances, I spent a little extra this month. Birthday gift for the oldest godson and wedding “gifts” for Mama. She had a budget wedding and I offered my chef services as part of my gift. Was a lot of work but everyone seemed to be happy with the food, especially Mama and her new husband, so I was happy.
The market had a couple of shitty weeks this past month. So that sucked. But you can’t win ’em all, can ya?
Being able to attend the life events that make life worth living is the main reason I went full time as a freelancer. And this past month has got me considering a much different mindset than what I’ve been preaching for the last several months. I’ve been saying “grind harder and make more”.
But what if there was a different option?
I applied for a job that paid $.14 a word. If you aren’t a freelance writer, you probably think, “Well that ain’t shit.”
And you have a point. Fourteen cents isn’t very much money. However, for my current job, I wrote 8,000 words last week. At $.14, that would be over $1,100. When I was full time at the hotel, I only made $1,600 in a MONTH.
But what about the time I put into writing? Well, I honestly write about 1k words in an hour. For that kind of money, I probably would sink close to an hour’s worth of research into the article. So I would make $4,400 a month on 16 hours a week. Not only would that give more than enough money to live and invest, I could have the time to do whatever I want. Like hang out with the godsons, create more income streams, etc….
Unfortunately, I didn’t get the job. But there will be more opportunities in the future. I just need to keep the eyes open and give ’em hell when I do find them.
An itty bitty egg
So a tiny little idea of an egg hatched in my brain this month. What if I put my focus into working less and earning more as opposed to worker harder and longer and earning more?
So the last couple of weeks, I’ve put this theory to a test. Two weeks isn’t long enough, but it’s a start.
I set a new goal of between $400-450 a week, the bottom end of that being what I made at the hotel. Over the last two weeks I’ve made somewhere between those numbers and I’m only putting in 25-29 hours a week.
I know. It’s not much. But I got by just fine on it for a long time. There is no reason I can’t continue to get by on that money, live my life the way I want, and look for freelancing opportunities that pay more and expect less. I will also be keeping my eyes peeled for ANY opportunity to earn money while doing less actual work, not just writing.
This is what passive income is all about, right? This is really and truly what the WAPH project was born to do, isn’t it? Get paid. Do less. Live life. Be happy.
Fuck…I need to put that on a t-shirt…
The end result?
I’m not satisfied. At all. My original hypothesis was correct. You gotta work more to earn more. Over the last couple of weeks, I’ve applied for several jobs and haven’t even gotten a nibble. So I worked less, earned less, and have jack shit to show for it. Heh. Lesson learned.
So that was my month, more or less. Let’s get into the passive income for the month.
Passive Income 8/17
Total income streams:
Cash Back credit cards – I did pretty well in this category, making around $70, thanks to the $50 I made by signing up for the Discover it card using ZDF’s referral link.
Interest from Acorns – Only made a little over $2 this month on interest from this account, thanks to the shitty couple of weeks the market had.
Ads on WAPH – I made over $3 in ads from WAPH this month, which is very rare and I’m not entirely sure how that kinda thing happens with Adsense. Usually, I make fifty cents to a dollar. But hey, I ain’t complaining.
So while this month’s passive income was a whopping $75-ish (figures aren’t 100% accurate), I’m still super happy even though I know it won’t be this high in September.
Also, I created another passive income stream. You may notice the new widget in the sidebar. This is to a site called Patreon. Essentially, it turns WAPH into a voluntary monthly subscription service. It’s really awesome and I’ll probably shit my britches if I get a single dollar, but it’s a neat idea and it gives me something new to talk about. (Got a $5 pledge. Shattings occurred directly in the britches. Whoever did it, thank you.)
August was very happy and very sad. I’ll miss my grandma. The wedding was beautiful and godson number one had a cute bday party. I ate a ton of pizza and cake and these things make me a happy fat man. Mama has agreed to talk to WAPH about the budget wedding and even share some pictures, which is a post I’m really looking forward to making.
The blog is strong. Stronger than ever. Don’t think that the Patreon widget is a sign that I’m going away. I know I haven’t been on twitter as much but this journal entry should explain most of it.
With any luck, life will calm down a bit. Upword and onward. Thanks for reading.