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
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.
Lazy, would you ever consider blogging full time?
I do enjoy reading JD’s blog on a daily basis as well as yours. I think it’s facinating to see people work on something that they enjoy. Having monetary compensation is a nice benefit too. :)
I think I’ve made about $300 total from blogging for over 6 months now, but what I gained is much more than just money. I know how to navigate the blogosphere, meet other bloggers, get tons of insight, etc. But $5000 a month would be nice, maybe I need to start really marketing my site lol.
MDJ, just about every hour… the problem is that the math doesn’t really work out with blogging full time.
Heck, I’m amazed you guys are making money from your blogs in any way shape or form! I’m just blogging for the accountability of it at the moment, and was thrilled when I hit 30 subscribers the other week! :-)
Blogging is definitely a thing where those at the top make a lot, but most people make a pittance. However, for a hobby, it’s surprisingly good value. It always shocks people when I tell that that I make a little money out of it.
Lazy, you can do it! Isn’t your goal just $1,448 a month? You are almost there :)
$15K a year is good as long as Energi Gal keeps supporting you :)
Expand Lazy Man and Sports to a daily post and my spouse might send you money. lol
Lazy, $15k for 18 months is a great start. I bet most people would have less than that in the same time period. Just keep working at it and it will only grow.
Lazy Man,
How are you declaring your income? Is it business income or are you just claiming it as self-employed income?