How Much A Blog Post is Worth

Ever wondered how much one blog post is worth?

I calculated the amount that I have earned from online income and based on my computations, each single blog post is worth an average of $0.20. That means that each blog post is roughly earning me 20 cents everytime I publish it.

As I did not set up dedicated channels to track my earnings, I can never know for sure which are the blog posts that are giving me better returns.

There are service providers out there that actually write articles for your blogs for a fee. This can be as low as $5 for a 300 word article or as high as $7 for a 500 word article.

But if you are thinking of employing their services, think again! You might not be able to break even unless you have a really good strategy in mind.

And that is perhaps the reason why these service providers are not writing articles for their own blogs or websites. It is much more profitable to sell articles than to earn money from articles that are published on a website or blog.

So how exactly can you make money from your blog?

I believe I am "qualified" in a certain sense to answer the above question.

Ever since I started out blogging last year, I have seen my online income grow from a paltry $0.01 per month to roughly $30 per month. I am not talking about a six figure income from blogging but if you are interested in how to break the zero barrier...read on.

Firstly, if property is about location, location, location then blogging is about content, content, content.

Yes, a good domain name might be important but even with google's blogger that I am using, choosing a good name for your blog might be enough instead of investing in a proper domain name (This is especially so if you are not even sure whether you will be blogging in the long term). It is best that the name of your blog has something related to what you will be blogging about. This will aid in the search engine portion.

But I will not touch on that as I believe that it is possible to write good content and the traffic will come naturally.

If I can put it down to 2 essentials to breaking the zero barrier in earnings, it will be simply this:

Blogging frequency and content.

Other factors are: Search Engine Optimisation, Keyword selection, Traffic sources

So focus on your content and blogging frequency first before touching upon the rest.

Remember that the people reading your postings are humans. Look at your own blog and own posts. Imagine that you are a stranger reading it. How would you react? Would you want to visit again for more information?

I understand that are a whole lot of other things that come into play when it comes to earning money from blogging but I think this article should suffice for the time being

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Retire Young Retire Rich

I dug out this book by Robert Kiyosaki (Author of Rich Dad, Poor Dad) which had been collecting dust on my bookshelf.

I read it 6 or 7 years ago and decided to do some re-reading to see how far I have followed Rich Dad's advice.

Why I first started reading the Rich Dad Poor Dad series is simply because Robert Kiyosaki started out with nothing and achieved financial freedom in nine years when he retired in 1994. He started with nothing and exited with $85,000 to $120,000 a year in income which came solely from investments. He was not rich but he was financially free as his yearly expenditure was only $50,000.

Reading just the introduction of the book Retire Young Retire Rich, I realised how I have not followed what he had been telling me to do. In a sense, I had only remembered one key thing from Rich Dad Poor Dad: Buy Assets.

In the introduction to the book, 2 important points are made about money.

The first important word about money is Cash Flow. The second most important is Leverage.

I realised that I sort of understood the cash flow portion but have somehow neglected the portion on leverage. As Rich Dad says: "Leverage is the reason some people become rich and others do not become rich.....Becuase leverage is power, some use it, some abuse it, and others fear it."

It seems like over the years, I have sort of feared the power of leverage. I have not made use of good debt. Instead, I have gotten myself into bad debt by buying a car and a house - both are liabilities as they are taking money out of my pocket.

Good debt makes you rich, Bad debt makes you poor. That is the power of leverage and it is something which is just head knowledge to me and not something that I have applied in my life.

In this book, Robert Kiyosaki outlines that leverage takes place in your mind, your plan and your actions. He also outlines the three assets that make people rich and allow them to be retire young.

I will be exploring and re-reading this book again in the next few weeks. Do drop by again to see the lessons that I have learnt!


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Independent Financial Advice

I read this article from Asia One regarding the rise of independent asset managers.

It seems that very soon, it might be possible for clients to choose independent asset managers who charge a fee for advice instead of bankers who earn a commission from the products they sell.

These independent asset managers should be differentiated from the independent financial advisors (IFAs). IFAs are not truly independent as they still earn based on the commission of the products they sell. Only some IFAs charge clients based on a fee for advice.

A greater number of people prefer to work with independent managers rather than bankers because of potential cost savings and most important of all - independent advice.

The recent Lehmann fiasco and stuff have warned consumers that banks might not always have the customers best interests at heart. This is especially so when there is a potential conflict of interest as the banker seeks to enrich himself by selling high commission products.

In my opinion, ethics should also be placed as a far more important trait than knowledge. Better to work with someone who has ethics instead of knowledge.

A person who acts with integrity will give you the best advice that is suited for you. A person with good knowledge but without any ethics might recommend financial products that are not suited to your needs.

I dug out this article from Smart Investor which I read sometime back in November 2008. The advice in it is timeless. The title of the article is "What to Ask When An FA Recommends A Product."

Do bookmark this page so that you know what are the questions to ask the next time a banker or insurance agent recommends a product to you.

These are the questions to ask before purchasing any financial product from anyone:

1. Why is this product suitable for me?

2. What type of product is this? Is it a whole life policy, unit trust or structured depost? Is it for savings, investment or insurance protection?

3. What benefits does this product offer? Which benefits are guaranteed and which are not?

4. What instruments does the product invest in? How risky are these underlying investments?

5. Is this product suitable for individuals with low, medium or high risk profile? What is my risk profile?

6. How much do I need to commit to this product? Is it a one-time payment or regular payments? What is the penalty if I am unable to make the payment?

7. How long must I stay invested? What are the penalties, restrictions and procedures if I decide to liquidate some or all of my investments earlier?

8. What are the fees and charges? Will there be changes in the fees in the future?

9. What alternative products offered by the same company has similar benefits? How does the recommended product compare with alternative products?

10. Are you licensed to sell me the product? Who can I find if you are no longer working in the industry?

11. Can I monitor the performance of my invesment? How? Will I receive reports and updates on my investments? How often will these updates and reports be?

12. Is there a free look period if I decide after signing on the dotted line that this product is not suited for me? Can I get ALL my money back or are there certain penalties?

In simple words, always ensure that you understand the investment product before purchasing it. Understand why you are buying it and how it fits into your overall financial plan. Take time to consider whether this product meets your needs before finalising your decision. Do not feel pressured to make a decision or make a decision on the spot when you are not prepared for a long term committment.

Ris Low and Claire Lee

No Make-Up...

Controversy, controversy, and more controversy.

What's up with the news surrounding Miss Singapore winner (Ris Low) and first runner-up (Claire Lee)?

First, Ris Low was found guilty of credit card fraud which she failed to declare when she took part in the competition. Ris Low was also said to be suffering from bipolar disorder which was what resulted her in getting a 24 month probation instead of jail time. She was subsequently forced to give up her title after she insisted that she wanted to keep the crown.

Next, she went on to say that Claire Lee had backstabbed her by reporting her to the media and faking a back injury to save "face" in case she was not selected as the replacement.

Today, I read the news that Ris Low was ordered not to go shopping alone as part of her 24 month probation for the credit card fraud. She apparently also has to retake an examination because of notes that were found in her pencil case which she forgot to remove during the actual examination. Perhaps its the bipolar disorder at work again.

Now, I read the news that Claire Lee, the first runner-up, does not want to represent Singapore unless ERM (the organising company), threatens to sue her.

This really makes me wonder on the quality of girls that are being chosen to represent Singapore.

They entered Miss Singapore to represent Singapore correct? So what is the whole fuss about now? Why doesn't Claire Lee want to represent Singapore anymore? Who is going to fly to South Africa in one month's time to represent Singapore?

Perhaps it is time for the governement to step in. Perhaps create a Miss Singapore Academy. Get it ISO certified and stuff. Throw in the scholarships and stuff and who knows, we might win one of the next Miss Universe. Perhaps that should be our Goal 2020!

Instead of throwing so much money into football, why not just invest in grooming the next Miss Singapore who can do the whole nation proud and perhaps win Miss Universe?

There is of course the temporary problem of sending someone in for 2009's Miss Universe.

With less than 1 month to prepare, we will need someone who knows how to put on make-up, be vocal enough to speak her mind, be well-travelled, well-liked (by the Singapore public) and of course well-dressed.

I am proposing that we send blogger Xiaxue (aka Wendy Cheng) to represent Singapore. She is sure to make a huge impact for us. Heck, she could even help all the other contestants photoshop their photos before it is published in the newspaper and stuff.

Read Claire Lee's blog here

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Passive Income Update

In the journey to financial freedom, one of the decisions I made was to rapidly increase my passive income. This was done through the acquisition of REITs, bank deposits as well as online income sources.

My updated portfolio for passive income (end September 2009) is as such:

1. 12,000 x Ascott REITs (DPU = 3.55 per half) = $71.00 per month
2. 17,000 x First REITs (Annualised DPU = 7.66cents) = $108.51 per month
3. 11000 x Suntec REITs (Annualised DPU = 11.94cents) = $109.45 per month
4. Maybank iSavvy Deposit = $8 per month
5. Online Income Sources = $30 per month

Total Estimated Passive Income = $326.96 per month


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Norway is Best Country to Live In

Looking for the best country to live in? Based on United Nations data released, Norway has been voted as the best country to live in.

The United Nations Development Programme (UNDP) index was compiled using 2007 data on gross domestic product (GDP) per capita, education, and life expectancy, and showed marked differences between the developed and developing world. It was published as part of the UN's Human Development Report (HDR) 2009

Japan, staying in 10th, was the only Asian country in the top 10.

Singapore ranked 23rd, swopping places with Hong Kong at 24th.

South Korea and Brunei came in at 26th and 30th respectively, retaining their previous positions.

Top 10 Most desirable countries to live in(2009):
1. Norway
2. Australia
3. Iceland
4. Canada
5. Ireland
6. Netherlands
7. Sweden
8. France
9. Switzerland
10. Japan

Least desirable countries to live in
173. Guinea Bissau

174. Burundi
175. Chad
176. Democratic Republic of the Congo
177. Burkina Faso
178. Mali
179. Central African Republic
180. Sierra Leone
181. Afghanistan
182. Niger

If there is any commonality, it is that all these countries are located in Africa and many of these countries are land-locked.

Financial Freedom is a Taboo Topic

Is Financial Freedom a taboo topic (especially amongst the Chinese)?

Many Chinese prefer to keep their finances a secret. They do not wish to reveal how much they earn, how much they save and how much they have in debt. It is sort of a taboo topic that is not spoken of.

So even in families, parents do not teach their children about how to manage their finances. Even if they do, it is just simple concepts like : SAVE MONEY, EARN MORE, etc ,etc. Very seldom will a parent give a child a case study of how much the family is actually earning, how much they are spending, their strategies to accumulate wealth and much more.

This could be the death of wealth accumulation and preservation in Chinese families if this continues.

Even amongst friends, we seldom discuss about financial planning. We are only interested in talking about how to make money and WHO and WHO made how much in the stock market.

There is no true interest in how one can move towards financial freedom and the simple strategies involved.

Interestingly, it is only on the internet that you see such openess. But this openess is limited in the sense that most bloggers also do not share very intimate details about their finances.

This is what my blog was created for. I share my finances with all to see, for all to comment and for all to learn.

If you are willing to serve as a case study for all to learn from, do let me know. I can keep your name confidential if you will like. All I need is just your monthly income, monthly expenditure and current networth breakdown.

Do drop a message in the chatbox or comment here if you are interested in sharing.