In this blog, I discuss saving money and investing in dividend growth stocks. I talk about financial freedom, and publicly share my financial goals and my net worth. And encourage you (readers) to start your own journey and reach your financial freedom faster.
If you want to invest in dividend paying stocks, you will need a decent amount of money to start with.
And you would need extra money every month to buy more stocks to get more dividend income.
But everyone’s financial situation is different. You may have just graduated from college/university, and looking for a job. You have a big family to take care of and hard to save a penny. You just bought a house and having a hard time to meet your financial needs. Or you are having a hard time to land in a decent job.
Every one of your financial situations is different. You may need extra income to kick-start or accelerate your process.
How to make extra money?
So many ways
There are so many ways to make an extra income outside of your work hours- a part-time job, photography business, tutorials, etc. One of the main disadvantages of this type of income is that you have to show up in person to get your pay. You will have less time to spend with your loved one or family or things that you love to do in your life.
Wait. don’t lose your hope.
We all are truly blessed that we now live in the most exciting time in human history. Yes, I am talking about technologies, especially the internet.
The Internet has created hundreds of billionaires and thousands of millionaires in the last few years. You might have heard of this before, and many of you might have ignored it because you may think that this is not for you.
Maybe you don’t want to make billion or million dollars, or you don’t want to create another Facebook or Twitter, or you don’t want to burn-out your life.
But, for sure you want to make a decent side income while doing something interesting.
It is absolutely possible. You could make a few hundred dollars or a few thousand dollars every month by sharing your knowledge, skills or ideas in your own website/blog.
You could do something like what I am doing on this blog. You don’t have to discuss finance or your investments. You could discuss anything that you are passionate about.
It could be about cooking or recipes, health, fitness, beauty, fashion, pets, house decorations, garden, travels, etc.
There are thousands of things you could share with this amazing internet world. There are millions of people looking to know about you and learn from you.
Many of you are already doing this in your Facebook and other social media sites with a limited number of people(friends & relatives), but you could make these things available for a wider audience through your own blog and earn extra income.
In these days, you don’t need to be a technical expert or you don’t need to have a big investment to start your own website.
Even you don’t need to be an expert writer.
You could start blogging today with Bluehost as long as you know how to write something you are interested, and with a little investment of less than $100 per year for the web hosting.
I will show you how.
First, you must understand that every one of you has a unique skill, or you have something to say or share with. You have something in your mind you love to talk to your friends (but sometimes they don’t want to listen because their interest is different – which means they have different passion).
For example, I love to talk about finance, dividend investing and wealth building. I want to inspire people around me to start thinking about their financial freedom. But, my close friends have different interests.
One of my friends loves to talk about cars, other one loves to discuss fitness and another one passions about real-estate investing. We all have different passions, and we all have our own blogs and are doing well in our fields.
I started this blog two years ago to discuss and track my financial activities, share my knowledge and inspire readers to start their own journey. I want to help people to achieve their financial freedom. I want to share success stories and inspire people. I also want to learn more about investing from other like-minded audiences.
And, I am getting a reward as well for doing this. This tiny blog makes around $200 every month from advertisements and affiliate partnerships (as of September 2016).
$200 per month may look very small, but it is much better than getting nothing. I just spend less than $100 per year for web hosting at Bluehost, and making over $2400 per year while doing something give me some sort of sanctification.
Now, I will have around $2400 per year to invest in dividend-paying stocks. The investment could produce another $100 pure passive dividend income every year, whether this site is running or not. Can you see my point?
Also, the blog readership is growing every month, along with blog income.
It is just a small success, and I just wanted to share with you so you could start something in your field and make extra income while helping other people.
As you know, I don’t spend much time blogging. I just make two or three posts every month.
And, the target population for the financial-related website is very low, compared to other sectors like fashion, entertainment, etc.
Still, I could produce a decent income from it.
You could make a lot of money if have the passion in other popular sectors.
There are so many bloggers making seven figures income by helping their readers and adding value to their life. All they do is simply sharing their knowledge, skills, and experiences with their audiences for free, and getting rewards from advertisements and commission from affiliates like.
Some bloggers have created products like eBooks, online courses, etc and charge a small fee to share their work.
You could do that too. Again, there are millions of people around this world looking for information every day. You could make the difference in their life by sharing your ideas with them.
But you must understand it takes time to get noticed by the world. This blog took almost 2 years to get around 10 000 monthly readers.
Just focus on add value to other people – help your readers and inspire them. For sure they will reward you back somehow by purchasing the products or services you recommend or sharing your website with their friends & relatives and bring more readers for you.
Even if you could help or inspire one person, it is really a huge success for you. I’m telling you, you will be rewarded one day for that- direct or indirect way.
Another beauty of blogging income is that it will keep making you money whether you continue to create a new post or not as long as it is live and accessible by your readers.
Some of you may think that there are so many popular websites out there, so you can’t compete with them. If you are thinking like that, please understand it is not about competitions or beating other bloggers.
It is about sharing your ideas and skills. Other like-minded bloggers will help you, not beat you down. It is the beauty of bloggers community.
You are going to writing about you, your ideas and unique skills. There are millions or billions of people who want to know or learn from you.
Just help them to get succeeded in their life!
Also, you should understand that this post will be reading by 1000s of people. Only 5 to 10 people will take action. So you could be one of those 10 people.
If you decide to start your own website, I will definitely help you. Here is the step-by-step guide to start, install a WordPress and make your first post.
Personally I use Bluehost. It is one of the best web-hosting services available to-date. They provide exceptional service for affordable price.
Currently, Bluehost has a very special promotion offer of $3.45 per month with free domain name. It is 43% lower than its regular price. If you are one of those 10 people and if you don’t have your own website, please take this special offer and start your website today!
It costs less than $50 per year, but the rewards have no limit.
Please register now and use this step-by step guide to create your first impression to this world.
I will also provide more details later about advertisements and other online income ideas in this website.
Thank you for reading and wish you all the best your successes!
Disclosure: This post contains affiliate links, which means I will earn a commission if you decide to make a purchase (at no additional cost to you).
Passivecanadianincome says
Great post.
long time follower, great to see what kind of income you are making as well as average view counts.
My blog is only 2 weeks old and I’m kinda shocked its got 570 views so far. The internet is a powerhouse looking forward to tapping into it. Keep on keepin on!
Finance Jouneny says
Hello Passivecanadianincome,
Thank you for stopping by,
This site generating around $300 per month (average), the income is growing along with increasing traffic. According to Google Analytic too, this website has around 35000 views per month. Lots of people say I could make more money than this with my traffic by placing Affiliate links and different types of advertisements, but I am not too interested post not relevant information for my site readers.
As you said, there are no limit in internet. You can reach over billions of people with simple concepts. Well wishes for your success 🙂
Best Regards,
Vince says
I have found your website by typing in google search with ‘Canadian stocks to keep track of’; and I just recently opened a Questrade account for TFSA. I found your website very informative and honest. I am searching for one or two stocks to invest into to start but have not found any yet. ( I did have one to invest in but the stock rose to high for me to start off by the time I had enough money saved for opening my account.)
I am curious to know if there are any stocks that I could look into for investing that are under $10 per share, that is if you have some to suggest. I am a first time stock buyer and I also understand, as a Family man, I need more than two income streams. Opening a business right now is more of a risk than stocks are for me. I appreciate any direction that you could possible give.
Thank You
Finance Jouneny says
Hello Vince,
Thank you for stopping by,
I am so glad that you are considering about wealth building. However, I don’t recommend stocks. To be honest, I am not a financial professional, I am still learning about investing and still making mistakes. My advise may go wrong for you. I would strongly recommend you to discuss with a qualified financial advisor before invest your hard earned money.
Best Regards,
Clément says
Really cool site and honest disclosure. Pretty cool $200 income, good enough for my pocket money. Sorry for my language mistakes.
Finance Jouneny says
Hello Clement,
Thank you for stopping by and for your comments,
Yes $200 is pretty cool, but it grew up more this month 😀 . I will use the online income to purchase more dividend stocks to increase my passive income.
Cheers,
Rachel C says
Hello,
Thanks for sharing. I am working in a non-profit organization helping new immigrants to find jobs in their desire fields. I am looking to expand my expertise in career development field through a website. What advice would you give me to someone like me to monetize my blog?
Looking forward your reply,
Rachel from Toronto.
Finance Jouneny says
Hello Rachel,
Thank you for stopping by,
I would strongly recommend you to discuss with your manager about ‘Conflict of Interest’ before start a business in the field you are working on.
Also, when you start an online business, you should focus on your readers and add value to their life instead of thinking about monetize. You may consider use Google Adsense because it displays more relevant advertisement for your blog. It will be helpful for your readers.
Best Regards,
Jordan says
I love your blog, I’ve been doing a lot of investment based on what I learnt here. Before I had total of 3 stocks on my porfolio (G.to was one of them), after dropping 20% I realize I was doing something wrong.
I see that you mention way to make money online, I am the COO of a Canadian company that helps you with tools to do online marketing, from landing pages, email, automation popups etc, I would love to offer our tools for free.
Let me know if you are interested
Finance Jouneny says
Hello Jordan,
Thank you for stopping by.
I so glad that you found this website very useful. Please do more research before make any investment decisions.
Thank you very much for your offer; however, I have no ideas to use all the tools at this moment. I will definitely contact you if I like to use them in the future.
I just went thorough site, and noticed that you have some amazing tools for online marketing. Keep it up your good work!
Best Regards,
Jonathan says
Hi FJ, Thank you for discussing about your blog and online income. I’d like to learn more about online income. So, please keep posing more like this. thanks again,
Finance Jouneny says
Hello Jonathan,
Thank you for stopping by,
I will try to do some posts about blogging, but this site main theme will be about dividend investing and financial freedom.
Best Regards,
Jonathan says
Thank you FJ for your response, looking forward more inspirational posts.
Jodi says
Hello,
Great advise and I love your website. I like to start a blog, but don’t know what to write or post. Can you advise what topic I can talk about?
How other people know I have a blog?
Thank you for sharing your ideas.
Finance Jouneny says
Hi Jodi,
Thank you for stopping by,
I am so glad that you like this blog.
My best advise for your blog is do something you like, otherwise, it will be hard to do for long time.
How other people know – Just keep posting useful contents, people will find you through search engine (same as you found this website 😀 ).
Hope this helps you,
Cheers
Justin says
Hey FJ, I really enjoy reading your blog, I’ve found a lot of sound advice on here, that has given me the confidence to start investing for myself.
I’ve been a Canadian dividend investor for the last 10 years, but within mutual funds I haven’t been able to see much growth, during the last few months I’ve been diving in the stock market buying stocks, and ETFs. I’ll admit, there’s a bit of stress when first starting your own portfolio, but there is a sense of satisfaction when you are in direct control of what you own, and what you can trade as well.
I’ve been thinking about starting my own financial blog, that would provide sound advice, my thoughts on the stock market, and a monthly update to the status of my portfolio, much like your own blog. I’m a dividend investor much like yourself, who invests in many of the similar companies that you own yourself, but I do own many stocks used for capital gains only. And I’m also about 50/50 when investing in both the Canadian & American markets.
Like I said earlier, this site has been inspiration for me, and I really like the idea of starting my own financial blog. And I wish you all the best in reaching your goals.
Justin
Justin says
Hey FJ, I really enjoy reading your blog, I’ve found a lot of sound advice on here, that has given me the confidence to start investing for myself.
I’ve been a Canadian dividend investor for the last 10 years, but within mutual funds I haven’t been able to see much growth, during the last few months I’ve been diving in the stock market buying stocks, and ETFs. I’ll admit, there’s a bit of stress when first starting your own portfolio, but there is a sense of satisfaction when you are in direct control of what you own, and what you can trade as well.
I’ve been thinking about starting my own financial blog, that would provide sound advice, my thoughts on the stock market, and a monthly update to the status of my portfolio, much like your own blog. I’m a dividend investor much like yourself, who invests in many of the similar companies that you own yourself, but I do own many stocks used for capital gains only. And I’m also about 50/50 when investing in both the Canadian & American markets.
Like I said earlier, this site has been inspiration for me, and I really like the idea of starting my own financial blog. And I wish you all the best in reaching your goals.
Justin
Finance Jouneny says
Hello Justin
Thank you for your comments,
I also get satisfaction when I have control things that I own. Very happy that you like this blog and find value here.
Also, I am so glad that you are planning to start a blog. Please feel free to contact me if you need any help to setup your website.
Best of luck!