Why I Started BTG: Part 3 - Money
Part 1 - Helping People - Part 2 - What College Has Taught Me - Part 3 - Money
4) Money: BTG As A Business
BTG is a business: I provide a service and take in advertising revenue.
Though I put far more emphasis on BTG as a way to help people, and as a way to advertise my competencies in my field, I also saw BTG as a way to make a little money. Emphasis on the “little” part, though this is I believe simply due to BTG’s relative youth and thus low traffic levels. Every day, it gets a little bit better.
I knew I wouldn’t be rolling in cash at the start, but I also knew that eventually, if I worked hard enough at the right things, BTGNow.net could be a viable source of some relatively passive income. Even if I made $5 a day, as FrugalDad suggests in a post, it’s still $150 a month, or a cool $1800 a year.
$1800 a year, for 10 years at 10% is just over $30,000. Not a bad addition to a retirement nest egg!
I believe this blog could, one day, be sustainable without much maintenance, and could, over the period of a number of years, provide a very nice passive income stream relative to the amount of work it will take to maintain it. Heck, maybe one day I’ll sell it. Or incorporate it into a financial empire. Who knows? The possibilities are numerous, and I’m having fun along the way.
In addition to the idea of cold hard cash compounding for several years, the knowledge I have obtained working on such a project, alone and with no capital, has taught me invaluable entrepreneurial lessons. It has forced me to be creative and resourceful in ways that I hadn’t even thought myself capable of! Such skills, and the confidence and sense of self - worth that ot breeds, will, I am certain, be used to make even more money for myself and my clients over the years.
Questions? Comments? Drop us a line or leave a comment below!
Part 1 - Helping People - Part 2 - What College Has Taught Me - Part 3 - Money
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September 17th, 2008 at 6:40 pm
Good writing. Keep up the good work. I just added your RSS feed my Google News Reader..
Matt Hanson
September 17th, 2008 at 9:13 pm
Thank you for the compliment and for adding my feed!
September 18th, 2008 at 3:40 am
[...] The Gaap on So long Zero Down Mortgages!…or Financial Resons to Love Canada #45BTG on Why I Started BTG: Part 3 - MoneyMatt Hanson on Why I Started BTG: Part 3 - MoneyWhy I Started BTG: Part 1- Helping People | Bridging [...]
November 26th, 2008 at 4:24 pm
What is a feed and how can I add it to my Google? P.S. Genuinely sorry to hear about your beloved pet. A living will is something I’d never given much thought to but you’re right, it’s essential for peace of mind and I suppose you could address issues of your estate in it as well, if the possibility of your recovering was negative? Or is it just for your own care and treatment?
November 26th, 2008 at 7:16 pm
Hi Johanne!
An RSS Feed (rss standing for Really Simple Syndication)is an easy way to keep up with your favourite blogs and websites, such as BTGNow.net!
You can use a service like google reader to keep track of all the feeds you’ve subscribed to: whenever you feel like checking to see if any of your favourite sites have updated, you simply log into your google account (or any other rss reader) and check. It’s very much like email in the sense that new blog posts will be ready for you to read in your rss reader’s account. I use google reader because I find it quick and easy.
To add BTG’s feed, click on the orange button in the top right hand corner any BTG page and choose whichever feed service you would like to add the feed to (for example, google reader).
Re: living wills, I hope you don’t mind but I have also transferred your comment to that particular page. You brought up a very good and thoughtful question.
My research indicates that a living will is not for estate matters, it is simply a legal document describing how you wish to be cared for should you be unable to make those decisions at the time.
So a living will focuses on your medical wishes, care and treatment, if any. Your will handles anything financial or estate related. But it is as you say, having both a will and a living will can help give your relatives peace of mind in a very stressful time.
Thank you so much for your comment!