Articles

By Nick Usborne

Assets or Investments that Outperform My Coffee Website

First, let me put my own cards on the table.

My asset is a website called CoffeeDetective.com.

In total, my expenses for the site are about $450 a year. Plus my time. I spend maybe one or two hours a week working on the site.

My income from the site averages $4,000 a month, or $48,000 a year. If I subtract the $450, I’m left with $47,550 a year in net income.

How about you?

Maybe you have money invested in stocks and bonds. Do they generate $47,550 a year in income? In today’s market you’d need a lot of capital put away to give you that kind of return. And you’ll have had to work long and hard to save that capital in the first place.

Or maybe you own properties and rent them. Let’s say you have one or more apartments or houses and live in a part of the country where you can get $1,000 a month in rent.

Well, you’ll need four of those properties to compete with my website. Actually, you’ll need five of them, with the fifth generating enough money to cover property taxes, repairs, decoration, legal fees and so on.

And, as with the stocks and bonds, you will have had to work pretty hard to be able to buy those apartments or homes in the first place.

The point I’m trying to make here is that writing a website of your own is probably the easiest, fastest and safest way to create a true asset that can pay you dividends month after month and year after year.

You might ask me how long it took me to get my coffee website to the point where it was making me that kind of money.

A little under three years.

But before you start thinking about that being a long time, let me ask you something.

If you have enough money invested in stocks and bonds to give you $4,000 a month in interest, how long did it take you to accumulate that amount of capital?

Or how long did it take you to put aside enough money to buy those rental properties?

Traditionally, being able to make a substantial residual income from an asset has been something only the rich can afford to do. It has been why the rich get richer.

But today, by investing a little money and some of your spare time in building a money-making website, you can create an asset that generates as much money as many of those “rich-people” assets and investments.

For perhaps the first time in human history, you don’t “need money to make money”.

All you need is the passion to write about a subject that interests you, the drive to start a website on that subject, and the persistence to keep writing.

Can you think of a faster and less expensive way to build an asset that will pay you thousands of dollars a month for years and years to come?

For more information on money-making websites, click here…

This article, Do you own any assets or investments that can outperform my modest website about coffee?, was originally published by Freelance Writing Success.

Nick Usborne’s big collection of resources for anyone who wants to make money writing