Another month and another year comes and goes. Covid continues to run rampant, and I could rant for days how much I'm fed up with it. But I won't, I'll save that gripe-fest for another time.
December saw a strong performance for income at $1,392, but saw a portfolio loss due to the value of cryptocurrency dropping (down -12% this month).
Before I do a breakdown of the years' total numbers, let's do the standard monthly breakdown:
- $1,088 from Nicehash, continuing to be my strongest performer--no surprises here
- $235 from Redbubble and Society6 sales, making it my best Print on Demand month ever. No sales on Teepublic or Zazzle
- $173 from flipping sales
- $170 from Youtube ad revenue
- $14 from Amazon Affiliate sales from Youtube description links
- $9.59 from Shapeways 3d print sales
- $5.77 from MyMiniFactory 3d model sales
- $1.95 from stock dividends
- -$1.63 from Lbry token value loss
- -$8.70 from Signum token value loss, despite quickly growing SIGNUM token count
- -$25 from Bittrex value loss (actual crypto amount hasn't changed much)
- -$271 from Poloniex value loss in BTT holdings (selloff from pump & dump?)
Overall, in 2021, I pulled in $16,314 in total, making it the third year in a row that I've grown my yearly income totals. Here it is compared to the previous years:
- 2019: $9,000
- 2020: $11,000
- 2021: $16,000
Jumping right into the Cryptocurrency side of things, I recently got an email from Binance saying "oh yeah, by the way, we're all good & dandy with Ontario, so your account isn't being closed after all". The Ontario body that looks after financial regulation didn't like that, but it's a bit confusing as to what the state of my Binance account is right now--so I'm not dumping any crypto into it, only using what's there from residual affiliate income from other users trading that signed up with my affiliate link. I have $10 on there right now, haha.
I started my Binance bot back up using just what's on there, we'll see how things go. Overall, the trading bots haven't done much; the Bittrex bot is down by an additional couple of percent but is sitting on some LRC waiting to break out of a fixed envelope to sell as part of the current strategy. And the Binance bot has only been running for a couple of days.
Poloniex saw another big loss this month, due to additional selloff/value drop of the BTT token I hold on there for 8% interest gains.
Signum and Lbry/Odyssee also saw value drop, which especially hurts on the Signum side of things now that my Signum mining is in full swing.
I didn't wind up getting a new mining rig up and running with hard drives this month, since one of the drives wound up defunct and I had to get a replacement for the full stack, so the entire plan shifted forward a month--for December, I fell back into only wanting to replace the drive for the rig I had been planning on setting up for mining so that it had a full stack again.
With Coinsquare, I made a few trades; I'm temporarily down a few percent over last month (I'm at -16.04%) but that's just momentary lulls as I wait for Sell orders on the coins I'm currently holding on Coinsquare.
I also wound up with an unfortunate incidental cost I had to pull out of Coinsquare for; I owed $1200 to someone for accidentally destroying their sideview mirror when an extreme gust of wind stole my car door out of my grasp and obliterated the poor guy's mirror. Thankfully, that is matched pretty much evenly by what Nicehash made this month, but there is still a ~$200 discrepancy because of that.
Overall, my productivity for December wasn't as great as I would have liked; I think, mainly because I had dedicated so much time to Youtube videos--I cranked out four videos PLUS my annual update video for New Years. I'll talk more about it when I get to the Work Items section of this post.
Print on Demand was a surprisingly strong hit this month--I was impressed with November's stats on Redbubble, which had dwarfed the previous months; but December was even more out there, with December crushing November's numbers.
Obviously, that was a strong surge because of the holidays, but it will be interesting to see how much of that momentum carries out into the new year.
Jumping back to youtube, like I mentioned, I churned out a staggering five videos this month. Wild! As well, three of them were related to a topic which is doing really well for my channel right now (winter camping), so I am actually seeing some pretty strong growth this month!
Here's a look at the daily view graph for the entirety of 2021. Note how the last few months have shown a strong recovery:
It's a combination of SEO implementation, refining topics to a specific subset to coalesce audience interest, improvement of thumbnail & titles for CTR, and focusing on more widely enjoyable video ideas that don't have a prerequisite from the audience. I'll have to monitor things very closely and hope that things don't drop off in the new year like they did last year.
Stats:
- Published five videos, greatly exceeding target of two (four main videos plus one yearly update)
- At 4,493 subscribers, up 261 over last month
- Subscriber growth rate: 6.16%, up over last month's 5.25%
- Average daily views throughout December: 660, up from last month's 582; or an increase of 13.4%
- Average daily subscribers: 9, up by two over last month's 7
One of the things I successfully did in December was re-open my online 3D print & paracord shop on Shopify, and rebrand it/simplify it. I brought it more in line to be my companion shop to my Youtube channel; so it focuses heavily on the outdoors. I spent more time on it than originally planned; I completely updated it and got many listings online, greatly exceeding what I originally wanted to accomplish on my channel for the month (at the expense of spending time on other projects).
I get a few visitors a day, and almost one sale (someone went all the way to checkout but did not complete), so it hasn't produced any revenue yet. I'll keep working on it into the new year and see if we can attract some sales!
Part of what soaked up so much of my time is my work on a drawing robot/pen plotter, as practice for an eventual CNC build. The construction has been frustrating and time consuming, requiring many trips to get parts that the build guide failed to mention in the parts list.
I also wound up writing some software that flattens any image into an available color palette and splits it into individual layer files for vectorization with the drawbot software, allowing for a layered coloring approach to produce a complete image in many colors. More on this once I get a chance to test it out, but this software I wrote will be what I pursue as an income project for making use of my software skills. I already have an idea of how I want to monetize it.
Sadly, one thing that got deeply neglected this past month is my novel; I did not get to work on it at all this month, since my attention was pulled elsewhere. I will rectify this for January by doubling down on my expected work in order to catch up to where I should be.
My print on demand & 3d model work items also got neglected, not getting completed at all, for the same reasons. Similar to the novel, I'll double up on work items to catch up.
Okay, let's take a look at the work items I set out for, and how I did (spoiler, we missed a good portion of them):
- Three to four new Youtube videos, one of which must be annual New Years Update video
Exceeded; five videos total (four main plus annual update) - Plot hard drive stack for Signum mining and get MiningRig002 up and mining
Delayed due to broken drive, but successfully replaced drive to complete stack - Acquire three hard drives for MiningRig005 Signum mining
Delayed by a month due to prior issue - Maintain 200 active flipping listings
Upheld successfully - Write chapter 5 of novel and upload
Not completed - 3 new listings for either Print on Demand and/or 3D printing
Not completed (0/3) - Update branding and social media links on Shopify store to reflect Mike in the Woods focus
Completed! - Refresh/create 20 listings (all currently disabled) for D3DP (Durham 3D Printing) Shopify store under new direction
Exceeded, more like 30 - Reopen D3DP shopify store and promote on Mike in the Woods social media
Completed - Ensure all Youtube video descriptions have links to D3DP shopify store
Completed
You'll see a lot of those carry forward into the next month's work items:
- Two new Youtube videos for Mike in the Woods
- Plot hard drive stack for Mining Rig 002 Signum mining and get up and running
- Acquire three hard drives for Mining Rig 005 Signum mining
- Maintain 200 active flipping listings
- Write Chapter 5 & Chapter 6 of novel & upload
- 6 new listings for either Print on Demand and/or 3D printing
- Test Palette Manager software I wrote with either drawbot build or Cricut
I'll leave it at that, and if I complete them all I can obviously pull in more work items from my backlog.
And lastly, a look at my investment portfolio:
Fourth straight month in a row of portfolio loss. Starting to sting a little. And this time it's not from any withdrawals I've had to make (although I wasn't able to contribute to it either), with a -12.85% loss this month. Need to reverse this trend...
Here's a look at my weighting:
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#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 #incomeThat's it for now. New year, let's reverse this monthly portfolio loss trend. Nothing but gains for 2022. Let's gooooo
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