I can't believe I have fourteen of these blog posts labelled with the Covid counter. Absolutely insane.
Thankfully--although here in Ontario we are still in lockdown--with 40% of Canadians having at least had the first dose of their vaccines, we are well on the way to our final burndown of numbers.
Frankly, I've hit my point of Covid fatigue. I miss going camping. I miss being able to walk into a store and not freak out that I can't find my mask in my pocket.
Alas.
Another month has passed, and that means another reflection on my plan to FIRE by 40.
This month's income numbers are rather milquetoast; my worst performer at only $1,115. Thankfully though, my investment portfolio was very strongly performant throughout April; managing a 38.42% month-over-month growth!
Let's break down my income numbers:
- $845 from Nicehash. Still a strong performer, despite two of my rigs constantly misbehaving. One has had basically constant downtime.
- $276 from 3D Print sales - I sold a few ship models on Ebay, and a single full-scale prop weapon replica on Bonanza in PETG.
- $90 from Youtube, pretty consistent with how it's been the last two months or so. I've bottomed out in my rut
- $32 from Print on Demand. As always, a split between Redbubble and Society6, with Zazzle and Teepublic continuing to produce no sales
- $11 from MyMiniFactory 3d model sales
- $4.09 from Shapeways 3d print sales
- $2.48 from Amazon Associates
- -$127 from my trading bots. A crash of a bad day caused some absolutely terrible trades
For a while, my trading bots were rallying higher and higher, but a few poop days knocked them back down, mostly the Bittrex one. (Binance one seems to be slower but more stable in growth). I think the next point of attack at tuning the bots is to try and reduce their susceptibility to downward volatility. A crypto might run up in price causing some of my algos to test high in profit; but when it switches to it, that particular coin starts dropping all that momentum it's gained. That's how I lost so much on my Bittrex bot. I'm wondering if maybe I should remove my weighting that weights recent profitable tests higher than older ones (I believe newest results are 'worth' 2x what the oldest tests are).
Yeah. I think that's what I'm going to do actually, as I think about it as I type this out.
Based on what I projected last month, Bittrex is a dud, but Binance has beaten the expectations.I hope to see a continued climb.
As for the duds this past month: No sales on Shopify; absolutely zero flipping sales this month (which is a first); Teepublic and Zazzle bombing as always; still no Patreon supporters. The standard no-shows.
One suprising winner over last month: On Coinsquare, with manual trading, I am up at 104% over my starting value. This means that, in raw BTC value of my account, I am at twice my corrected deposited value in BTC just from manual trading!
In the 2D Print on Demand space (and for that matter, Shapeways and MyMiniFactory), I've been seeing a downward trend in sales, so I've put a park on doing much more uploads. As this pandemic continues to wreak havok, people are leaning more and more towards essentials and away from frivolous things like printed t-shirts and airsoft parts. I've been using that time, instead, to study some SEO and CTR optimization techniques to try and fix my stagnant Youtube channel.
Speaking of which.
I saw a minor drop down in ad revenue; about the same as what it had been prior to last month. However, I feel like I've definitely leveled out at the bottom of my current rut. As mentioned, I've done a lot of research to improve my thumbnails and title; but also, mostly so, drastic improvements to my SEO technique for keyword research (although so far, it is not performing as I thought it would). I love my Youtube channel, it's definitely my passion project; it hurts to see it continuing an extended six month downward trend despite me producing videos every week.
In any case, here's the metrics:
- Published four main videos, keeping in line with my one-a-week target schedule
- Currently at 2859 subcribers, up 154 over previous month
- Subscriber growth rate: 5.69%, down from last month's 6.41%
- Average daily views throughout April: 466, down over last month's 524; or a -11.07% drop
- Average daily subscribers throughout April: 5, on par with previous two months
For my monthly work targets, I missed on some of the lower priority ones:
- Four main Mike in the Woods videos
Yep. Hit this one as it's my primary focus. - Ten new Print on Demand listings using new simple & effective design template
Only two - Two new Shapeways/MyMiniFactory listings
Yes! With a third printed off that I did not get a chance to photograph and list before the end of the month - Sign up for TeeFury and begin bringing to parity with other PoD sales channels
Nope. Very low priority at the moment - Repair both GPUs and return to active service
No, although I did spend a considerable amount of time (to no avail) trying to fix one of my mining rig's instability issues
I shuffled around priorities a bit, so here's what I'm looking to accomplish throughout May:
- Four new main Mike in the Woods videos
- Fix Trading Bot's algorithm to reduce sensitivity to negative volatility
- Three new Print on Demand listings
- Two new Shapeways/MyMiniFactory listings
- Fix Mining Rig 4's instability issues
- Repair both GPUs and return to active service
And lastly, it's time for an updated look at my investment portfolio:
As you can see, for now, my gains are still beating my insane 6.5% target month-on-month growth rate as Cryptocurrencies continue to skyrocket (and my day trading of my Coinsquare balance boosts it even further). So not only did I have an obtuse 38.42% growth rate this past month; but I also hit my next major income milestone of $50,000 in savings! Next milestone is $100,000; and at this rate, I might hit that this year too... Things might get wacky once the economy stops shitting itself.
Well, that's it for this one; let's hang on for another month.
If you find these posts helpful, and you are interested in cryptocurrency, try signing up for Binance! It's a widely-known cyrptocurrency exchange (think stock exchange, but for crypto). It's free to do so, and by using my referral link we'll both earn 10% of any trading fees you pay.
https://www.binance.com/en/register?ref=WZKZ16ZW
See you next post!
#financialfreedom #financiallyindependent #financialindependence #financialindependenceretireearly #passiveincomeinvesting #passiveincomestream #passiveincome #sidegig #sidehustles #sidehustle #wealth #makingmoney #wealthbuilding #incomestreams #incomestream #passiveincomeideas #passiveincomestreams #passiveincomeclub #passiveincometips #passiveincomemethods #sidehustleideas #sidehustler #sidehustlers #sidegigs #sidegiglife #sidegigsuccess #passiveincomesuccess #sidehustlesuccess #sidegighustle #entrepeneur #creatingwealth #investmentportfolio #income!
No comments:
Post a Comment