This post is going to be about my writing goals for No15. But before getting into that we need to talk about something else.
Money. Spondulix, Lucre.
It’s a subject I’ve talked about many times since I started blogging. For the most part I was moaning about lack of it.
Back in 2010/2011 I tried, and failed, to create a business that would give me some financial independence. That venture left me demoralised and poorer.
For all my working life I’ve exchanged my time for money. I thought that was the only option. I guess it’s not surprising my relationship with money is lousy.
Yes, the Brexit vote last year and its subsequent impact on exchange rates hit us pretty hard. But we live cheaply. We eat and drink well and we own our own floating home.
We’ve no cause to complain.
But all this is hand to mouth, there’s no treasure chest in the Captain’s cabin to dip into.
And no, neither of us possess nor want credit cards. There be dragons, we have the burn scars to remind us.
Here’s where our money comes from.
1. My pension.
I have a small monthly annuity payment and every April for the last three years I’ve drawn a modest lump sum from my pension pot.
2. Gails redundancy money.
Paid out in June 2014.
3. Amazon commissions from sales of my book.
More on this shortly.
Only two of these are sustainable, and they’re the smallest parts of the pie. For the most part we’ve financed ourselves by dipping into the bigger portions. Obviously this can’t continue. To put it bluntly the money is running out.
We could probably carry on as we are for a few more years yet but the worry will grow, the crash will come. That’s not how I want to live my life.
Obviously there’s only one way to solve the problem and that’s to find a way to tip the balance. To start generating enough monthly income to cover our lifestyle costs and save for a rainy day.
We’ve met plenty of folks out here who still work part-time or who head home for the Winter months to replenish the finances. That’s not an option for me. I’ll never again exchange my time for money and in any case I’m unemployable now. I wouldn’t last a week.
But as it turns out a possible solution is staring me in the face. Over the years I’ve spent countless hours and far too much money pursuing the Holy Grail of passive income. That’s a soulless phrase for a wonderful thing. Do the work once, get paid forever. It’s ridiculous to think that having pursued this quest for so long I should end up stumbling across it almost by accident.
Just over a year ago I took a step into the unknown and hit the button that published ‘A Foolish Voyage’ on Amazon. In the 12 months since, that action has consistently put money in my bank account. Like drips from a leaky tap the cash has plipped and plopped into my account 24/7 whilst I enjoyed life. It’s doing it now and there’s no sign of it stopping anytime soon.
I know you’re wondering, so I’ll tell you……….
£3,479.72 to date. An average of £289.98 per month.
That’s from sales of 1605 Kindle books and 285 paperbacks.
The above doesn’t include sales and commission from the audiobook version. I won’t have any of those figures until later in the year.
Depending on your location and circumstances you’re going to put a different value on that £3.5K.
For us it’s a pretty big deal. It all but covers our grocery budget for the year.
Maybe it was a fluke, maybe nobody will want to buy anything I ever write again. But is that likely? Is that a reason not to write and publish again? Of course not.
There’s some pretty compelling evidence that writing and self-publishing could move me a lot closer to that goal of financial independence.
But I’ve realised that writing holds the key to another of my goals. That of having a purpose, of helping people.
What better way of delivering ‘awakening’ than by words.
Again, the evidence is there.
157 reviews and emails from folks who’ve read ‘A Foolish Voyage’ telling me I’ve done it.
Neither am I forgetting 10 years of blog comments from loyal and long-standing readers of this blog. Too many to count, too valuable to describe.
So there it is. I’ll be writing a lot more.
1. Another ‘Foolish Voyage’ book
It’ll be an inspirational self-help memoir. It’ll tell the story of building ’Gleda’ from conception to completion to sailing. It’ll show how the project changed my view of myself, my life and of the world. It’ll be a book aimed at providing entertainment and awakening, and a bit of boat-building 🙂
2. A practical guide book
‘Composting Toilets On Boats’. We’ve used one full-time for nearly 3 years. I’ve got some good information to share. (I just know I’m going to get some sh*t comments on this one!)
I’ve neglected ‘The Gleda Project’ blog since we started sailing. I want to get it back to its roots. I want it to be a journal for me and, hopefully, an entertaining, informative, awakener for others.
Best crack on eh?