Changing Income Sources...

in #inleo13 days ago

So I've just got back from another 3 day teaching course....

Man these three day working weeks are KILLERS!

Actually the course went just fine, the learners were all great, a bunch of geographers and biologists working for the Field Studies Council, but just not teacher trained, which they need in their roles. These are the guys who teach little Reginald and Justina when they head out for their week's geography or biology fieldwork with the school for GCSE or A-level, or even primary school kids doing day courses.

Their micro teaches on the final day were just great, they know their stuff, lots of sessions on trees and insects and Tors and that sort of thing!

The company I work for puts around £600 in my bank account for three days, so £200 a day which is OK, but I don't do these very often, I find them quite anxiety inducing.

I get a similar amount of money for doing field interviewing and that is MUCH easier.

And of late I am estimating that I get a similar amount of money for my revision blog and revision resource sales as I do for all of my annual face to face work.

This is a major change for me.... I'm now 50-50 blog-actual work. For many years it's been more like 80-20.

But that's just changing times, more AI, more competition for those Google rankings, I'm not giving up keeping up, but I'm accepting I'm facing a year or two of 50-50 and it's probably not going to get any better!

If I can just HOLD that through 2025 and 2026 I'd take that!

I can still potentially plug a gap by doing actual tutoring around revision time if the blog income drops further.

We shall see!

Income Overview for the next year (projected)

I think I'm set to earn just shy of £30K overall.....

chart (2).png

I've been a little bit pessimistic with the blog income above!

Blog Income....

This still mainly comes from advertising revenue, but it's down a lot on two years ago. I've tried an experiment with AI videos that may plug the gap.

We shall see - the income is now picking up after the usual summer lull, but I won't know for certain until next week when terms start up again!

Paid work Income

I've done THREE teaching training courses so far this year, that's PLENTY! I may do another, but I may not, I don't enjoy it, but it's a good hedge.

My main work income is the freelance interviewing work I do, and that's not a lot of work. The downside is a lot of driving, and oh my poor car, I am going to have to start putting aside £2K a year to pay for a new one the amount of mileage I do, pushing 20K miles a year at the current rate.

I only work every other week as well! I do get decent driving expenses, and I have NOT included that in the income, but it all gets lumped into my bi-weekly pay check so I treat it like income, naughty!

My income trends final thoughts...

I'd much rather be earning £30K a year from the blog, but it is what it is, I just have to settle that I have to carry on with the paid work going forwards, it's OK.

Oh, passive income is just interest on savings.

This doesn't include crypto, that's not income, it's just funny tokens.

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Solid! Keep pushing mate!
Those teaching lessons are very good. 200 pounds a day is a lot!
Congrats.

It's OK! Hard work, mind!

I like funny tokens! Of course 30K from your blog would be nice, and hopefully you can win the battle against all the competition. But at least it is cover more than a third of amount. I would take a step away from working 5 days a week, but at this point I have nothing to replace my current income.

More is better from passive-ish, but as you say we all have to do what we can do to keep the monkey off our back!

Your living the Dream with multiple income streams

Well it makes me feel more secure, for sure!