How Can I Become A Full-Time Blogger?

How do I become a full-time blogger? This is a question that I hear a lot.

I’m not sure if you could say that I’m a full-time blogger, but most of my services do revolve around blogging and managing other companies’ websites.

Blogging is a lot of fun, but there are many things that go along with making an amount from blogging that you can actually live off of.

I personally would not feel comfortable just living off of my blog income alone, and that is why I try to keep myself very diversified with my online services and the clients who I work for.

Many of the steps about how to blog full-time also apply to freelancing full-time:

Do you already have a blog?

Before you decide that you want to become a full-time blogger, you should of course try blogging. I think many people view blogging in the wrong way. Many think that you can just sit down, type an article in 10 minutes and be completely done.

I have seen many people tell me that they want to blog full-time and they really believe that it would work for them. However, soon after trying it out, they find out that blogging is not for them at all.

That’s what’s great about blogging though – it’s super cheap to determine if it’s for you!

There are many things that go on behind the scenes of blogging. It’s hard to explain how time-consuming it is unless you actually start a blog!

Do you have something that people want to read?

If you want to become a full-time blogger, then I do think that you should have something that people want to read. If you don’t, well, I’m not sure how you could make enough of an income to live off of.

Determine what you will write about and what your niche will be. Will you be a mommy blogger? Lifestyle blogger? Personal finance blogger? There are many niches out there.

How will you make money from your blog?

If you want to become a full-time blogger, then I am going to assume that you will need to find a way to make money from it.

There are many different ways to make money from blogging full-time. You can place affiliate links on your website, sell advertising, place Adsense or Blogher ads and more. You could even write an eBook.

And, if you want to branch out a little from your personal blog, you could provide services to other bloggers such as staff writing, commenting services, and website management.

Are you able to keep yourself motivated?

If you become a full-time blogger, you most likely will not have anyone there to tell you what to do. Will you be able to keep yourself motivated or will you become lazy?

Are you fine with working by yourself?

Working by yourself can be pretty lonely. Luckily, in my previous day job I hardly ever had human interaction, so it was something that I was used to. I knew that working by myself would not bother me.

However, for others, this is a big negative to blogging full-time. You need to figure out what will work for you.

How are your finances?

Before I switched to freelancing, I made sure to have enough in my emergency fund. The blogging world is not stable, and I wanted to be prepared just in case anything happened.

I also wanted my student loans to be gone. I had around $40,000 and paid them off this past Summer. If I wouldn’t have paid those off then I do think it would have been really hard to leave my stable day job.

You need to determine what kind of financial situation you are comfortable with.

Do you want to become a full-time blogger or writer? Why or why not?

What tips do you have for someone who wants to become a blogger? 


Why Credit Can Be Good For Your Finances

By G Castañeda

Credit can be used as a tool for financial success. Just like other tools, it has its pros and cons and the cons pile up when a tool is used improperly. Taking out a home loan is a good example of using credit to acquire a very useful resource. This is especially beneficial if your monthly home loan payment is lower than your monthly home rental payment.

Taking out a student loan is another example of using credit for a good purpose. While estimates of how much more a college graduate earns compared to someone who graduated high school differ, what is clear is that college graduates earn more over their lifetimes than those who finished high school only.

So while arguments for the general benefits of a home loan and a student loan can be made, the benefits of having a credit card – a more common credit vehicle – can also be laid out. It must be stressed though that using a credit card carries with it certain responsibilities for the lender such as paying the credit card bills diligently. Swiping your credit card to take care of needs and not wants is also critical for the responsible use of credit and good financial management.

Benefits of Having a Credit Card

A credit card can help you build a credit history. This credit history is then used to calculate your credit score which lenders will use among other factors to determine your interest rate when you decide to take out other loans. Getting a good credit score will help you get lower interest rates and this has a huge impact on the amount you pay for the monthly loan payments. This is also where paying for your credit card bills diligently makes an impact because this helps increase your credit score.

Most credit cards also offer a lot of rewards to card holders. Many credit cards out there let the cardholder earn reward points that can be exchanged for a variety of things such as air miles that can go towards an airline ticket to Malaysia for example or gift certificates to many large retailers. Some credit cards will provide cashbacks for purchases.

Having a credit card is also convenient especially for frequent travellers. Credit cards are accepted widely around the world so it’s easy to use your card for your hotel stay. It’s also easy to use your credit card to book for your trip on many online travel websites like Expedia or Orbitz.

Other benefits that credit card holders also get to enjoy are extended warranties for valid purchases, price protection, and other special offers. Credit can be used as a tool for unlocking many benefits. Home loans can help you get a home and save you from the costs of renting while student loans can help you get an education that will help you get a high paying job. Credit cards too have many benefits such as helping you build a credit history that will help you get lower interest rates for larger loans.

G writes for Compare Hero, the most comprehensive financial comparison service in Malaysia.  Compare credit cards, broadband plan, and others at a competitive price.




Is Freelancing Not For You?

On Diversified Finances, the primary topics consist of freelancing, self-employment and other related topics. However, what if freelancing and being your own boss is not for you?

If you’re a reader of this website, then I’m going to assume that most of you are at least somewhat interested in freelancing, making money on the side, and/or becoming your own boss.

However, there are some out there who are not interested in freelancing or owning a business at all.

I really enjoy freelancing, but there are some downsides. I always laugh inside whenever people tell me how easy life must be for me. There are some many things that go into owning a business, and if you aren’t careful then it can easily take over your life.

Below are some reasons for why you might want to rethink making the freelancing switch. Of course not everything applies to everyone, but these are things to think about.

You crave stable income.

One negative of freelancing and/or having your own business is that stable income feels impossible. You never know what you will make, and everything is up to you.

Not everyone feels the greatest about this. Stable income is probably especially important for you if you have financial goals that you are trying to meet, or if you have children or family who depend on your income.

You don’t want all of the trouble of having your own business.

When you are a business owner, it is hard to take a break from work. When you are on vacation, you will most likely work at least a little bit. However, when you are an employee, it is very likely that when the work day is over that you can just go home and enjoy your night,  weekend, or vacation.

I do love what I do, but I am always on call. I have many clients who operate on different time schedules and will e-mail me and expect a response right away. And you know what? That is fine. That’s what I signed up for 🙂

Other things to think about when freelancing is how you will get health insurance, how you will save for retirement, what will happen if you get sick and are unable to work (you might lose a lot of money!), taxes (don’t forget to pay these!), what happens to your business when you have a really bad month, and so on.

You don’t want to work alone or at home.

Freelancing does not always mean that you will be working from home, but for some it does. It might also mean that you work completely alone.

I know of many people who don’t want to work alone and would prefer to work with others at a company.

You hate networking.

I’m sure that there are some freelancing businesses where no networking is required, but for most at least some networking should be expected.

I had someone e-mail me recently asking me for help because they hate networking and they know that their business hasn’t grown because of their hatred of it. I thought this was crazy because networking can be so easy and it can also be a lot of fun.

Read my article The Power of Networking to learn more.

You are horrible at making your own schedule.

Some might think that this would be a stupid reason to not pursue freelancing, however, it is the truth. Some workers really need someone (such as a boss) pushing them to complete tasks. If they aren’t “forced” to do something, then it probably won’t get done.

As a freelancer, you have to be really motivated to do things on your own. There won’t be someone telling you that you need to do something specific each day.

You have no experience.

Everyone has to start from somewhere. I started from the very beginning and worked my way to where I am today. And I get that. However, if you want to switch to full-time self-employment and have absolutely no experience doing what you are doing, then you may want to think about pausing your plans and really thinking about this decision.

If you have no experience, then how do you truly know how things will be? Make sure you have a plan. Maybe you can test the waters first and start it out as a side job. You don’t have to test it out forever, just until you are truly comfortable.

Are you interested in freelancing or owning a business? Why or why not?