Short n' sweet, because I'm not happy with this month, or my own financial decisions. $251 in net income sources, and -16% portfolio loss (mostly due to me continuing to drain it to pay for bills).
This one's gonna be really negative, so don't expect a lot of smiles in this post.
- $199 from Youtube ad revenue, a decline from previous month
- $51 from Nicehash mining & value change
- $28 from MyMiniFactory 3D model sales
- $25 in flipping sales
- $9.88 in Amazon affiliate sales
- $4.28 in Print on Demand sales
- -$0.09 in Lbry token value loss
- -$9.34 in Signum value loss despite mining
Print on Demand
Redbubble recently implemented a tier-based extra fee for artists, and it's absolutely greedy--it equates to an additional 50% of your earned income paid to Redbubble, so your earnings get cut in half. Absolute garbage; this has devalued my interest in Print on Demand as a viable extra income source even more. I don't think I'll actively be looking to work on it in the future going forward.
Youtube
Metrics declined slightly over April, and the videos I published have absolutely tanked, ALL of them being 10/10 in the Youtube rankings of your last 10 videos in terms of performance over the window they've been live. Of the three videos published in April, two of them (plus my latest one in May) have terrible CTRs, and have been dead on arrival despite all my previous learnings.
It is incredibly fucking frustrating, and I am very, very close to pulling the plug on Youtube if this keeps up--why bother, if for every step forward in improving myself, things get worse? There comes a point where persistence becomes stubbornness, and I feel like I'm treading that line.
I threw a lot of chips in my Youtube channel, and it appears the bet is losing. What am I doing wrong? Is it the content? Is it too strange of a niche? Is it me, and I just am not a good on-screen presence?
I put a LOT of time and money towards projects for the channel, and it's just... disheartening to see it all wasted.
Needless to say, my mental state over not just Youtube, but all of my projects, is in the shitter right now.
Here's my 365-day view graph on Youtube:
Here's the lifetime views graph for my channel. It's been flat & unresponsive for TWO YEARS. Despite CONSTANT publishing, improvement, and refining.
Metrics for April:
- Published three videos, one less than expected minimum (family emergency)
- Finished April with 7,986 subscribers; up 186 over last month
- Subscriber growth rate: 2.8%, a drop from the previous month
- Average daily views throughout April: 893, down from last month's 976; or a decrease of -8.5%
- Average daily subscriber count: 6, down significantly from last month's 9
No way in hell am I hitting anywhere close to even my 15k sub goal by the end of year.
Monthly Work Goals
Here's what I set out to do for April, versus how I actually did:
- Minimum 4x, Stretch goal 8x, Mike in the Woods Youtube videos
Only managed 3 due to family emergency - Grow amount of active flipping listings (work my way through death pile)
Actually fell a couple behind - Get Mining Rigs repaired/sorted
Still need to do - Continue porting 3D prints for sale to mikeinthewoods.ca
Added a few new ones - Repair electric skateboard for end-of-month backpacking trip re-attempt
Completed, but weather did not pan out for trip - Look into GPT-4 and the HustleGPT challenge
Will upgrade to premium ChatGPT soon - Look into ways to generate revenue with Midjourney AI
Devalued PoD; looking into other ways. Perhaps as covers for AI-written novels
Work items for May:
- Minimum 4x Mike in the Woods Youtube videos
- Work my way through Flipping item death pile
- Get Mining Rigs repaired/sorted
- Continue porting 3D prints to Mike in the Woods site
- Upgrade to premium ChatGPT for GPT-4
- Continue investigating ways to monetize ChatGPT & MidJourney
Finally, a look at my investments. Still needing to withdraw to cover bills, so substantial amount of loss. Not proud of it, but it is what it is.
Weighting:
And finally, my FIRE income tracker, where I calculate my total monthly revenue plus the monthly portion of my 4% annual withdrawal rate of my investments.
See you next month
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