February 2015 Passive Income Report

passive-income

Passive Income Report

February 2015 came in with a total passive income of $471.03. Check out the February 2015 Passive Income Report for all the details.

Everything was pretty much normal except for a $150 sponsored blog post that I did over on my other site, My Life! Teaching in a Korean University for a car insurance company offering English service to foreigners.

Sales of my eBooks which came in at an impressive $85.38. February is a slow time for sales of How to Get a University Job in South Korea because all hiring is finished, but in only a few days, The Wealthy English Teacher had an significant number of sales and I priced it at $3.99 so I make a bit more commission on it than the other book.

Check out previous month’s reports:

January 2015 Passive Income Report

December 2014 Passive Income Report
November 2014 Passive Income Report

Compared to previous years:

January 2015: $471.03
Jan. 2014: $178.56
Jan. 2013: $468.71
Jan. 2012: $334.42
Jan. 2011: $144.21

The Wealthy English Teacher- Available on Amazon


The Wealthy English Teacher: Teach, Travel, and Secure your Financial Future is now available on Amazon. It has a much bigger potential audience than my most nichiest of niche first book about how to get a university job in South Korea. I’m hoping that it’s the type of book that people really like, and tell their friends about, who in turn tell a few other people. So far, I’ve sold a decent amount of copies in only the first day and people are saying good stuff about it: inspirational, helpful, etc, etc.

Now, on to promoting it! I just went for a bike ride with my BFF this morning and she didn’t even know that I had finished the book and it was up on Amazon. Obviously I have a lot of work to do in getting the word out there. Check out the corresponding website for an idea of what the book is all about: The Wealthy English Teacher’s website.

Top 3 Reasons to Ignore Professional Stock Pickers

jim-cramer-mad-money

Jim Cramer-Mad Money

I continue on with a series on personal finance rules inspired by this post over at The Simple Dollar. The first three parts in this series were: Keep It Simple Stupid, Spend Less Than You Earn, and Pay Per Hour Worked in case you missed them.

Today, some good advice from The Simple Dollar, which is to ignore professional stock pickers. You know, the ones you see on TV (Jim Cramer at Mad Money) and all over the print media world giving their “inside information” about which stocks are going to be hot for the coming year.

Here are my top 3 reasons for why you should ignore professional stock pickers:

1. It’s too late. Once it’s all over the news, the time in no longer prime because everyone and their uncle has gotten in, forcing the stock price up and it’s no longer the ultimate pick, that it once (or ever?!) was.

2. Interests are conflicted. Those stock pickers often hold shares in the companies that they mention and want to create an artificial demand for the stock, forcing the price up, at which point they will probably take profits and sell, leaving you: the chump buying a stock that is too expensive.

3. Things happen too fast. I like making slow, thoughtful decisions so acting hastily on some tip I see on TV just isn’t my style, nor should it be yours. The best decisions you can make when investing are well thought-out and careful.

So where does that leave us if we ignore the professional stock pickers? Investing like a grandma in dividend paying stocks, or broad market ETFs. Both are pretty great options, if you ask me.

January 2015 Passive Income Report

Better late than never! I was traveling around Vietnam for the past few weeks and wanted to take a technology break, which is why this report is only happening in the middle of February.

I earned a total of $272.92 this month-for all the details you can check out: January 2015 Passive Income Report. While not a huge number, I’m pretty optimistic about it for the following reasons:

1. Ebook sales of How to Get a University Job in South Korea: The English Teaching Job of Your Dreams reached almost $50. This is the ultimate source of passive income because although it is a lot of work to write a book, it requires no maintenance whatsoever, like a website or HubPages would.

2. Iherb is holding slow and steady at around $10-20/month. The most work I do for this is tell a friend or two about it and occasionally post about a shipping deal or something on my Facebook wall, so it’s for sure another passive income winner.

3. My email list. Not in the report, but something I’m happy about it is my email list. I put up a bunch of links/sign-up forms on my various online sites and while I was on vacation, I kept getting emails about new sign-ups. The first newsletter is coming soon!

Compared to previous years:

Jan 2014: $178.56
Jan 2013: $468.71
Jan 2012: $334.42

Update Public Profiles

I Was Shocked to Discover…

In my recent effort to focus more on quality over quantity in my Internet ventures, one of the things I did was to spend a few hours and update all my public profiles to have some sort of cohesive message. In some cases, like on Blogger and HubPages, I had stuff from years ago that didn’t really make sense anymore. Even more disturbing was the fact that both of these places had not insignificant numbers of profile views. Anyway, onwards and upwards and I’ve learned that I really shouldn’t have underestimated the opportunity of these things to promote my brand and help people connect with me via social media.

It’s also helpful to have updated profiles when making comments on other people’s blogs because people really do click on them to see who they’re talking to.

Public Profiles Updated:

Blogger Profile
About Jackie Bolen on jackiebolen.com
WordPress-Gravatar Profile
HubPages Profile
Pinterest Profile

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Promoting HubPages Through Pinterest

pinterest logoDriving Traffic to my Websites

In my effort to focus more on quality over quantity, I’ve decided to focus on getting more traffic to the sites that I already have, such as this one, my new one (Jackie Bolen), My Life! Teaching in a Korean University and my various HubPages instead of building new sites. I think these sites have some quality content on them, but just don’t have enough traffic for me to make as much money as I want from them.

Pinterest to Promote my Websites

I’ve done a bit of research into how to do this, and there are a million and one suggestions from the Netizens around the web, but I decided to focus on social media, at least for now. One of the news ones that I decided to try out was Pinterest. The basic way that it works is that you have various boards about different topics like Dividend Stock Investing or Building Passive Income Streams and then you “pin” pictures to the board, which can have a link to a site attached to it. Like other social media networks, you can like or share or follow and all that good stuff.

Pinterest Results

I went into my HubPages account and checked out my traffic sources for the past week. Google was #1, as expected but then slipping into #2 was Pinterest, with a not insignificant amount of traffic. My daily HubPages earnings from traffic have been going up in the past week which I attribute to Pinterest So far, results seem quite promising and there seems to be a lot of potential there. I hope to do a bit more research to find out what are some recommended strategies for promotion on Pinterest.

Any tips from my readers? Resources you could point me to?

Quality vs. Quantity in my Internet Ventures

What kind of person are you?

Do you focus on 1 or 2 things in a single-minded kind of way and get really good at them? Or perhaps you are interested in lots of things and while you are okay at all of them, you never really get good at any single one.

I have lot of things going on

My style is to have a lot going on in my life: hobbies, friends and my Internet ventures. I know how to do a lot of stuff like making beer, long-distance backpacking, scuba-diving, running or surfing but I never really put in the time and effort required to get really good at any single one of them. Friends-I most often have a big network of friends, but it’s quite rare that I’ll have only or two best friends that I spend every waking hour with.

How does this relate to my Internet ventures?

Now we come to the part that perhaps you are most interested in, my online ventures. I’m pretty scattered all over the Internet and haven’t really put in any single-minded effort into anything. This shows in my HubPages, Email List, Ebook promotion and websites. I’d classify all of them as “okay” or “not bad” but none of them really stand out as amazing. I’ve been listening to The Smart Passive Income Podcast and The Empire Flippers Podcast and both of them talk about getting really good at something and mastering it, before moving onto the next thing. It felt like they were talking directly to me and I knew it was time for me to put the time into the various ventures I have around the web to make them “good” or “great” instead of just okay or not bad.

I’ve made a few improvements already!

In light of this, I’ve done a few things to improve the quality of what I already have on the Internet:

1. HubPages. A few of them that actually have some potential to make some money for me were unfeatured for some reason relating to their quality, such as trying to sell too many Amazon products. I’ve reduced their spammy elements and added more real content.

2. Menu and Sidebar on this site. I realized that a lot of traffic to my site was probably finding it frustrating to navigate around because I didn’t have a menu and my sidebar was not that great of a help. Check it out now! I think you’ll find it much easier to get the information you want.

3. Email List. I have finally signed up for Mail Chimp!

4. Social media accounts. I had way too much stuff going on in terms of various social media, so I’ve deleted some accounts and refocused my efforts on what I do have. I now have a single Google Plus Account, one LinkedIn Account, one Pinterest Account with various boards, 2 Facebook pages run through my personal account: How to Get a University Job in South Korea and Freedom Through Passive Income, and 3 Twitter Accounts: @freedomthroughp, @jlbinkorea, @bolen_jackie. Believe it or not, this is less than I once had!

HubPages Referral Trackers

HubPages

Earn Money Online


Sometimes I have to kick myself for not figuring out basic HubPages stuff like this out sooner after Squidoo became HubPages a few months ago. Anyway, onwards and upwards to the land of HubPages Referral Trackers, which is basically their affiliate program.

It essentially works by pasting your personal tracker code onto sites like this one or social media (find the set-up page by going to Earnings—>referral trackers) and then if the person that clicks on it signs up for HubPages, you’ll earn 10% of the income from their lifetime impressions. Pretty good if someone joins through you and becomes a successful Hubber. In order to link to each individual HubPage, simply go to the bottom of it and click on “Link to this Page” and a screen will pop-up with a few options.

You can also earn some advertising money by sending people to HubPages even if they don’t eventually sign-up and create their own sites. It’s the impressions that matter.

For more details about this program, check out: How to Use Referral Trackers & The HubPages Referral Program or HubPages Affiliate Tour.

What I’m Selling: Wal-Mart

With the recent run-up in stocks over the past year, I’ve been slowly exiting positions in my portfolio that I wasn’t 100% confident in and reducing the money I’ve borrowed on the margin and going to cash in anticipation of a medium-large drop within the next year (hopefully!). Wal-Mart is one of those stocks. While it didn’t stress me out to hold it in my portfolio, I’ve been waiting to exit it for the following reasons:

1. Retail is an extremely competitive space as consumers are pretty fickle. It’s just too easy to shop at Wal-Mart, or not.

2. Online retailers like Amazonare killing it and it seems like fewer and fewer people are going to the actual store these days.

3. I recently went to Wal-Mart when I was in Canada over Christmas break and I didn’t like what I saw: messy, disorganized and just an overall stressful experience. It just didn’t seem worth the cheap prices.

4. It’s very North-America centric. I generally prefer companies that are more global.

5. With a trailing P/E of 18.06 and a forward P/E of 16.82, it is quite “expensive,” especially for a retailer with low-growth prospects.

I bought 70 shares of WMT 3 years ago for $59/share and sold it today for almost $89, for a profit of $30/share and a nice profit of $2100 or so.

Year-End Stock Portfolio Report

I was just looking at my stock portfolio report for the past year and the value of it has gone up by 7.76% in this past year and 27.76% since I moved my account to Interactive Brokers in March of 2013, making me essentially thousands of dollars. Impressive. But, it’s very similar to what the S&P 500 has returned, so I can’t actually take too much credit for it. And, of course I am under no illusion that this is actually realized profit, since I still hold the positions and haven’t actually locked in any profits by selling anything substantial.

Nevertheless, what I am happy about is this: $3721 in dividends paid for 2014. That’s money in the bank and $3721 that I earned for doing essentially no work besides a bit of research about what stocks to buy. Plans for 2015? Stay the course and continue to collect dividends, although I will not be adding more money to my account because I’ll need to stockpile cash for my upcoming return to Canada. If the market crashes, I will however use $10 000- $20 000 (the bigger the crash, the more buying) of leverage to add to a few of my existing positions.

Some New Year’s reading? Check out one the classics: The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) (Collins Business Essentials)

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