I wasn’t sure if I should just start posting as if there hadn’t been an over three month hiatus since I last posted. Do I owe my readers an explanation? I’m not even sure I really have regular readers for that matter! I started this blog in April 2013. The blog is four and half years old, which is ancient in blog years. Before I started this blog, I was an avid reader of personal finance blogs and would comment occasionally but didn’t really interact all too much with the personal finance blogging community.
One of the reasons I decided to start a blog of my own was because I was so passionate about the topic that I wanted to write, read and interact with others who blogged about it. However, I will be very honest and say that what really motivated me to actually learn how to start a blog and pay for the associated costs was when I read bloggers’ income reports. I was amazed that you could make money from blogging and thought it would be nice to earn a little side income doing something that I enjoyed. Most established bloggers said that many new bloggers don’t last more than six months because it is a lot of work and if your only motivation is money, you will likely burnout. Plus, you weren’t going to earn a decent income from blogging overnight. You’re playing the long game with blogging. That was fine by me as I spent most of my time on personal finance blogs anyway and wasn’t pursuing it purely for monetary reasons.
My first year blogging, I posted consistently three times a week. Even with the birth of my son, I continued at this pace for about a year. I started losing steam as I released all the pent up ideas stuck in my head. Then with work and family life getting busier as well as the birth of my second son, the blog started to take a back seat. I barely made much income from the blog, but I found the interaction with the personal finance community and the creative outlet writing on the blog to be more valuable and motivating.
This past summer, a few of the blogs I followed were sold. They cited time constraints. Brian from Debt Discipline reduced posting to once a week, preferring to help people offline which I respect. Not too long ago, J Money from Budgets are Sexy considered selling his blog. Two bloggers who had sold their blogs, eventually bought them back. Awhile back, I was approached by a blogger who noticed I rarely updated my blog, showed interested in buying it. My immediate reaction was “NO!” This blog is my baby, I wouldn’t sell it. But of course, a part of me wondered about the value of my blog which I had worked on for over four years. Of course, the price put on it would have to do with my traffic and income, so it probably didn’t hold much monetary value. Outside of sentimental value to myself, did it provide value to any readers. I’m not sure. Was it worth it to spend so much time working on the blog rather than a side hustle which would earn a better income?
While I love interacting with like-minded people, there is the Rockstar Finance forum, the Choose FI Facebook group and the Mr. Money Mustache forums which I can visit to talk to like-minded personal finance nerds. I can also continue reading and commenting on blogs. Another thing is that after blogging for a few years, it’s hard to find things to write about that I haven’t already written about. For example, when it comes to investing, I’m a proponent of index investing, but I’ve probably written as much as I can write about it. It’s not that complex. Plus, the Stock Series on JL Collins’ blog provides a much better information than I ever could.
So what does the future of Living Rich Cheaply hold? I honestly don’t know but I think I’ll be sticking around for a while longer. I still feel like I have some things that I haven’t said that I want to say on this blog. I will probably write about whatever is on my mind and whatever personal finance issues or even non-personal finance related issues I’m personally dealing with at the moment. Hopefully others will find it interesting and/or helpful.
For the other longtime bloggers out there, how do you keep consistently producing content? For the ones with a busy job, family, etc., how do you find time to blog? For readers, is there anything you’d enjoy reading about?