AutomaticPersonalFinance.com

Archive for the ‘Personal Finance Blogs’ Category

If you’re like me you’re always looking for a way to generate an extra source of income to help pay the bills and get out of debt faster.  Recently, I’ve been focusing on one particular method that has been proving to be very successful and helping me save extra money and pay down my debt faster.

If you can’t tell from the title I’ve been using Google Adsense to help pay off my debt.  Now, my adsense earnings haven’t been huge but let me ask you this.  What if you could generate an extra $100 to $500 a month, would that put a little more spring in your step?

It has for me and it can for you.  In this post I’m going to walk you through the steps I took to start earning an income online with adsense.

The 5 Steps To Earning With Adsense

1. Take Action Now. One thing I was always taught is that if you do the right things long enough you’ll eventually get to where you want to go.  Doing that takes action, a lot of it.  I knew that if wanted to go far I had to produce results and I am.
2. Treat It Like A Business. The goal of a business is to create profit and that is exactly what I’m doing.  This just isn’t something I’m doing or a hobby, it’s my business.   In fact I even have time set aside everyday just for this business.
3. Create Tons Of Content. If you want to be successful with adsense and earn enough money to start paying a portion of your bills you need create lots of content, and not just any content good quality unique content.
4. Get Links. Now that you have content in place along with a strong intention to win you need to move on to the one activity you will spend 80% of your time on, getting links.  Without links you’re nothing to Google.  The one thing I think about more than anything else in a day is where my next link is going to come from.
5. Stay Focused. In order to get where you want to go you need to stay focused.  Along with that you need to have a plan that will keep you on track towards your goals.  Every day I take just a little time to reflect and look at my goals.  Doing this keeps me grounded to what really matters most, saving more and getting debt free faster.

Give It A Shot

So is this for you, I don’t know but it’s worth a shot.  Getting started is relatively inexpensive.  All you need is some hosting space, and a domain name, which will cost you around $10 a month.

To get started go to becomeablogger.com, there you’ll have access to 10 free videos which you can use to get you started.  With just a little effort, some content, and a few links you could be on your way to saving more and getting debt free faster.

Recently a close family member of mine passed away(it has been hard for me to find the motivation to write here, but I am starting to get back to it and figure this article can help me both get back to writing and feel better about accepting money from the death of a family member).

After the normal grief that comes when a family member passes and you find out you are getting a little money often it is easy to make mistakes with how that money is used. You may also feel some guilt a person you loved worked hard for this money and now it is yours.

Personally I paid off my vehicle. I did not want to just go out and blow this money as I think it would have magnified the guilt associated with accepting the money. I believe the family member in question would be happy that I paid of the little debt I do have and used this money wisely.

By using inheritance money wisly and not spending it foolishly you are paying respect to how hard the invidual worked for and saved the money. Sorry this wasn’t a more insightful post or one of my great personal finance articles, but it makes me feel better about accepting the inheritance I just received. Postings should be back on a normal schedule soon.

A reader just emailed me through this blog and asked if I could recommend a few more personal finance blogs. I figured I would answer here rather than just have email conversations. I will recommend a few quality “second tier” (in my opinion), blogs that you should read.

Derrick

There are a ton of high quality blogs on the internet about personal finance, you could literally read for hours upon hours and learn so much. I see no reason for you to ever have to buy another finance related book again. Unless you are like me and are a personal finance junky.

1. Get Rich Slowly – Great blog with informational posts that give a lot of high quality information. The blogger posts nearly daily with well thought out, well researched posts, while also providing many examples from personal experience. In a recent blog post he discusses having mail stolen out of his mail box.

2. Personal Finance Blogs – This is a great little site where you can actually create you own personal finance blog and not worry about buying a domain or anything like that.

3. PF Blog – This blog has been around since 2003, it really is a great blog, the blogger actually discusses his personal finances. In the recent stock market downturn the blogger lost $60,000 in January alone! Some interesting reading.

4. My Debt Free Goal – This blog isn’t really about personal finance, but it is about the bloggers journey to get out of debt by building and maintaining an online business. She has paid down over $11,000 in debt since starting her online business and looks to be debt free in the near future.

5. Living Off Dividends – This one of my favorite investing blogs that also discuss personal finance issues. Dividends are a good thing and learning about how to successfully invest to have dividend income is something that we all should look into.