So now my £30,000 ($40,000) debt is now a thing of the past – its time to start looking forwards to the future.
I’ve just passed my 54th birthday and its time I think about how I would like to spend my working years before slowing down and retirement.
My current job is great, it pays me a good income £43,500 a year, however it should be very fulfilling (ecology) but because of the endless amount of paperwork, emails, meetings, health and safety and other palaver — its just not the job or lifestyle I hoped that it would be.
I suppose just like everyone else – what starts out to be a great job just ends up as a drudge. No matter how exciting the job is to begin with, it just turns into a drudge and we wistfully look elsewhere for interest and new excitements.
Mrs Getrichwithme asked me when I was intending to retire, and my official retirement age is 67, but i said i reckon that i can retire in 8 years time when I’m 62, especially if I can continue to sock away a thousand quid a month. I currently contribute £400 a month to my pension and £600 a month into my investment ISAs. I think theres about £5000 in my pension, and theres £25,000 in my investment ISAs… its nice to a bit of money behind me at last.
But then I’ve been thinking (a dangerous thing at times) that if I can make a bit of extra income on the side from my hobby of fishing (I am a well known angler in my local area) then it can help towards my goal of retiring at 62, or if my new fishing income streams take off, then it could result in my finishing my official job even earlier and let me just concentrate on my fishing …. which is what I intend to do during retirement anyway.
So … I’ve already been a little busy.
Back in 2008 I started to write about my fishing adventures in a blog using the google blogspot.com service. It proved to be really popular at the time, and in 2015 I realised that I’d had over 3,000,000 visits, and over 500,000 hits on my google profile. Then I did a move that I’ve come to since regret – I decided to monetise my fishing blog to take advantage of all the traffic I was generating thinking that it would help me get out of the debt situation I’d found myself in. But it didn’t work – I bought a new domain with a virtually identical name to my blogspot blog name… and transferred all the files, documents and pictures over to my new domain and hosting package… and then instantly lost 99% of my traffic. No one could find my blog anymore, It didn’t rank highly in search engines anymore, and my dreams of making a packet from google adverts disappeared down the pan.
So fast forwards to 2020, I still go fishing, and I still regularly blog about fishing, and have a small but regular readership. In my local area I am a recognised go to authority on fishing. But I don’t make any money from fishing, despite recreational fishing being worth £1.5bn ($2billion) to the UK economy and employing over 27,000 people.
So how do I go about getting a slice of this potentially valuable fishing cake ?
At present my blog gets only about 800 hits a month (less than that if I don’t post new material), my Google Adsense revenue is zero (my adverts have lapsed), and I have no payed advertising for local fishing businesses on my site.
I have a Youtube Channel in the same name as my blog,where I share a few interesting clips from time to time, but only have 75 subscribers, and my watched hours are very low.
So……. I am going to devise a plan to make some money from my hobby – the thing I am most passionate about in life, and have in depth expert knowledge about. — What can go wrong ?
So the plus is that I am a recognised authority on my sport (but only in my local area), I have a blog, I have a few technical skills around internet publishing, and I now have a bit of cash and time to throw at a new project.
This project is called “Make money from fishing, so that I can retire early and do more fishing!” …. simple eh — what can possibly go wrong.
And thats going to lead to my next blog post which will be entitled “Making money from fishing so I can retire early and do more fishing”.