After posting about The Happy Rock’s need for another writer, I began thinking why someone would be interested in becoming a personal finance blogger. That ultimately lead me to think about the benefits of PF blogging I have received after a year plus of running a blog. Here are my top five reasons to start/write a personal finance blog.
Accountability – If you are someone who is looking to get out of debt, achieve your goals, and you want support, motivation, and accountability, blogging is quite convenient. If you can’t find people in your physical proximity that share similar goals and dreams, it doesn’t take long in the online world. There is a connection that happens when you begin to watch others make strides towards their finance goals and post your own goals and progress for the world and your blogging ‘friends’ to see. It is the type of connection that spurs one another onto bigger goals and achieve them quicker than could have been accomplished alone.
Learning and Relearning – You learn on your own personal money journey and you post about that, but you also are taught by fellow bloggers along the way. There are also many situations and topics that I would have easily dismissed, forgotten about, or even avoided had I not been blogging. I personally enjoy the learning benefits the most.
Helping Others – This one is more about giving to others, but the motivation to help others spurs you on to greater and higer goals while also seeing others benefit from your own journey to financial success.
Extra Income – As more and more personal finance blogs come online, income will continue to be harder and harder to come by. I have been a little surprised by the income The Happy Rock has been earning of late, but it took almost 8-10 months with barely a penny coming in to get a enough money to even notice it in the check book. By no means would I suggest personal finance blogging as a great way to earn extra income, but rather one that can help you achieve your goals. If you happen to make a little money each month that is just icing on the cake. From my experience and knowledge of other blogs I would think a range of $0 – $200 after 6 months to a year would be common. With as many blogs that are out there now, it would take a special combination of skills, effort, and luck to really surpass the $200 a month mark in a reasonable amount of time.
Experience Running A Website – This will be my biggest benefit over my lifetime. With my MBA complete and my software development background I plan to leverage my experience in web design, search engine optimization, copy writing, and growth in understanding the web as a platform into other entrepreneurial opportunities. The amount of information that needs to be learned in this area to truly understand how to run a fully successful website can be daunting and without a passion for understanding it all it will be overwhelming. Things like choosing the write titles, keywords, revenue generators, and blog design and attributes are very important. I would personally suggest that great writers team with great internet marketers for a truly unique team. The is a huge benefit in letting people fully commit to the things they do best. There are very successful websites that haven’t really had much experience with this type of stuff, but that will be the exception not the rule going forward in the blog market.
If anyone is interested in writing for The Happy Rock check out the requirements here.