Passive Income & Side Hustle Update - May 2023

 $314 gross revenue, -4% investment portfolio loss

• $194 from Youtube ad revenue
• $33 from Amazon Associates
• $30 from flipping sales
• $15 from Nicehash (rigs need major repairs & fixes & updates)
  
• $11 from MyMiniFactory 3d model sales
  
• $8.77 from Print on Demand artwork sales
• $7.51 in Shapeways 3D print sales
• -$0.08 in Lbry token value loss
• -$8.52 in Signum token value loss

Youtube

Youtube is up overall the last month. 365 day lookback:

Metrics for May:

• Plublished four videos, in line with minimum guidance
• Finished May with 8,150 subscribers, up 164 over the previous month
• Subscriber growth rate: 2.05%, a drop from previous month
• Average daily views throughout May: 842, down from last month's 893, but has begun trending towards growth for June
• Average daily subscriber count: 5, down from last month's 6, but trending back upward significantly for June
   

 Operation Fortunes Flipper

I took on even more debt in the form of my used 2016 Nissan Leaf that I traded in my Mazda 3 for. I am now hemorraging money significantly. Need to put a stopper on it. I have all the pieces I need to turn the ship around, just need to focus on the right pieces.

Four-part plan for reversing course into climbing out of debt:

1. Double down on youtube content and cut back on project spending. Back to posting two videos a week, and niche is focused down enough & consistent that I think I'm slowly righting the ship in terms of channel growth. Just need to focus on the right type of videos for my audience and keep the quality up.
2. 3D printing--my Mike in the Woods store is still up & operational. Need to start churning out 3D print model assets that can be sold on my MikeInTheWoods store (printed by me), Shapeways (printed on demand by an outside service), MyMiniFactory (selling the 3D model), and start listing 3D prints for sale on Ebay again.
3. Keep digging to find a Canadian-legal crypto exchange with a functional trading API I can use my GCTT app with. Also need to refresh my rigs which I've let fall into severe disrepair
4. Start doing Uber/Lyft, Uber Eats, and renting my Leaf out on Turo.

ALL of my focus for June will be on this.

Monthly Work Goals

Monthly work goals for May and how I did:

• Minimum 4x Mike in the Woods Youtube videos
  Completed
  
• Work my way through Flipping item death pile
  Ignored
  
• Get Mining Rigs repaired/sorted
  Ignored, but prioritizing for June
  
• Continue porting 3D prints to Mike in the Woods site
  Ignored, but prioritized for June
  
• Upgrade to premium ChatGPT for GPT-4
  Decided not to pursue quite yet
  
• Continue investigating ways to monetize ChatGPT & MidJourney
  Completed

Work items for June:

• Push for 8x Mike in the Woods videos (2 per week)
• Port 3D prints to Mike in the Woods & Ebay sales channels
• Get all mining rigs repaired & sorted
• Further investigation on Canadian-legal crypto exchange with API
• Get insurance information sorted out for Turo, Lyft, Uber/Uber Eats, apply for sites

Investments:

 Weighting:

And finally, my FIRE income tracker, where I calculate my monthly revenue plus monthly portion of my 4% annual withdrawal rate of my investments:

See you next month

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