Whoops, I missed a month... the end of June/beginning of July was such a whirlwind of too much stuff to do, mostly due to me leaving on a 2-week trip out to Halifax right at the start of the month. I just decided to skip doing last month's update all together.
Which is all in good use, as it had been a poor month except for Youtube; and we're seeing another positive month for July. I saw $513 in net income, and even a 2.34% investment portfolio growth (over the last two months though, not just one).
- $226 from Amazon Affiliate income, in a shocking turn of events, taking the top spot
- $220 in Youtube ad revenue, following just behind
- $36 in MyMiniFactory 3D model sales
- $12 in Shapeways 3D print sales
- $10.39 from Nicehash mining/value change
- $7.36 from Signum token mining/value change
- $1.28 in 2D print on demand artwork sales
- -$0.41 from Lbry token value change
Youtube
Here's updated 365 day lookback at my Youtube metrics:
I have reached an important milestone of sustaining over 1,000 views per day, which has been hard fought for. And things are slowly continuing to creep higher and higher--note the very end of this graph, where my latest video absolutely spiked my daily views over 2,000. (Sadly that video died down a bit).
Now that I have focused in on a very specific niche of "unconventional EV adventures" and continue to make massive progress on my various projects for content (such as my DIY electric dirtsurfer, electric raftpacking, and ongoing coverage of the Trans Canada Trail), I can feel momentum FINALLY starting to build behind my channel. I am capitalizing on it by trying to refine down to only the most related videos, and when possible, attempting to do two videos a week.
And it's working.
Here's my metrics:
- Published 4 videos, in line with minimum guidance; but is in spite of 2-week absence due to vacation
- Finished July with 8,591 subscribers, up 189 over previous month
- Subscriber growth rate: 2.25%, up from two months ago
- Average daily views throughout July: 1,036, up from last recorded 842 in may, and reached a major milestone of >1000 views per day
- Average daily subscriber count: 7, up from last recorded 5
All in all, Youtube is really starting to look up, as I put time & effort into the channel in the right areas. I keep my website up to date, and I just ordered some business cards.
I chunked out the entire remaining west-to-east route of the Trans Canada Trail into sections, and planned my complete content calendar out until 2025; and my trips out to 2028. (Obiously, things can and will change as needed)
And what really surprised me was the Amazon Affiliate income this past month. And that's all due to basically one video--my DIY electric raft build. I think if I lean into cool PEV builds and stuff like that, I can really build up the affiliate income; because having it actually surpass my Youtube ad revenue was a welcome shock. I will attempt to capitalize on that.
So far, my videos that seem to drive the most interest:
- My DIY electric raft build & adventure videos
- My DIY electric dirtsurfer (although a new subject--need to monitor persistent interest)
- EV videos as they pertain to road trips with my Model 3 & Nissan Leaf
Cryptocurrency
I actually have some news I'm excited about:
After hunting around for a while, I finally found a cryptocurrency exchange that is not only still available to use in Canada, but is also importantly: 1) Has filed for the appropriate certification to remain operating in Canada, and 2) has a fully-featured API for trading (albeit a bit wonky).
That exchange is Kraken.
Once I identified all the winning features, I whipped out a version of my GCTT trading tool to use the Kraken API in only a couple days. As we speak, it is currently 5 days into a 14-day warm-up period before it picks trading algos to run on four different trading pairs (25% allocation each).
You might notice in the income & portfolio images that I deleted Binance and replaced that with Kraken. We're starting off blank here, with $30 CAD in the tank. Let's chase this as far as it'll go!
Compound growth is a hell of a drug. Remember that for each trading pair, it's constantly benchmarking many different strategies, and every day will switch to the most profitable out of the live tests its run.
If I can average 0.58% growth every day for five years, that $30 will grow to $1,150,398.61. One million, one hundred and fifty thousand.
IF it can keep up that average. As is always the case, that's hopelessly optimistic...
Monthly Work Goals
Obviously it's been two months since my last check-in, so let's just re-set what my goals are -- here's what I'm looking to accomplish over August:
- Publish 9x Mike in the Woods videos (corresponds to 2 per week)
- Get GCTT trading on Kraken once warm-up period is complete. 20 trading days, target of 0.58% daily growth; would have me at up by 12.26% by end of month
- Continue cutting costs & bills, and looking into Turo/Lyft/Uber to generate money from EVs
- Continue building out store on my MikeInTheWoods site
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:
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