While I was away on vacation I missed the huge announcement from J.D. of Get Rich Slowly. He's quitting his day job to pursue his dreams of writing. If that sounds a little familiar perhaps it should. He's also launching a health site called Get Fit Slowly, which might not seem too unfamiliar to those of you who read Lazy Man and Health. We are both making the change for the reason, to get more time back in our lives.
That's where the similarities end. J.D. earns around $5,000 a month in revenue from Get Rich Slowly. That's significantly more the $1,375 that I made last month from all my alternative income sources. This should come as no surprise to many people as he has over 36,000 people subscribed to his blog. By the time you read this, I might have 1,500. In his announcement, A list bloggers from all over the blogosphere have stopped to bring support. I can't even seem to garner a mention in a book about personal finance blogging.
There are many reasons why J.D. has been more a popular blogger than myself. If you read the article I mentioned above, you can tell he's a fantastic writer. He's also done his homework. He's got a plan and has done the preparation. He's done all the right things like determine if the math works out. I did a little rough math, but it's far comprehensive. I've been embracing frugality for quite some time now. I do occasionally splurge and buy something like a Roomba vacuum, but I make sure I buy it off of Craigslist. That way I can resell it for what I paid, if there's a need.
I apologize if the title was a little misleading. He's phasing out his job over time. I also don't mean to imply that blogging is a substitute for a day job. I've been at it 18 months and I'm looking at around $15,000 after tax. That is working about 40 hours a week. And I consider myself very lucky to be making the money I am.
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