“I earned 10 million won a month after quitting my job” How to make real money after losing everything in stocks
These days, the dream of office workers is to get an N job. As can be seen from this reality, the more diverse the money pipelines through which money comes in, the better.
Whether it's stocks, real estate, or side jobs, the topic of 'how to make money' always comes up whenever two or more adults gather. If you are not doing one of the things, some people view you as a person with a silver spoon or without a plan.
I felt like I could accumulate wealth faster if I put the passion and effort I put into my company into something else.
Since real estate investment requires little seed money, we planned to raise seed money with stocks and coins. It went smoothly at first.
However, the more quickly we responded to changes in the market, the more impoverished our daily lives became. Even if we earned, we regretted it, and even if we lost, we regretted it. When I made a profit, I felt regretful and thought, ‘Why didn’t I put in more money?’ And when I lost money, I felt sick to my stomach.
Above all, if there was even one coin whose price skyrocketed a few days later as if I had been waiting for it to be sold even though I had stopped losing money, I would not have anything for that day.
In the end, more than 60% of the seed money my wife and I had saved evaporated.
How to earn 1.5 times more than your salary
Through this experience, I realized that investing in stocks and coins is greatly influenced by external variables, so it is difficult to see good results through my efforts alone. Variables beyond my control determined my financial situation.
The KOSPI and KOSDAQ indices changed depending on how the US monetary policy, unemployment rate, and interest rate policy changed, and the charts flew wild regardless of the performance of the companies I invested in. In order to make up for losses and generate seed money needed to sell apartments, income had to be increased.
Rather than dreaming of making a fortune as before, I decided to create a structure that would allow me to obtain expected profits commensurate with the time and effort I put in.
So, I decided to turn Naver Blog, which had been used only to save money on eating out as an experience group and receive sponsorships for necessary home appliances, into a money pipeline.
To increase the number of visitors, I increased the amount of informational content that was helpful to search users, and read books related to writing and photography to create better quality content.
Out of desperation, I grew my blog by sleeping only about 4 hours a day, regardless of weekdays or weekends, and was able to generate 1.5 times the company's salary through my blog in just half a year.
Do this, not stocks or real estate.
Unlike when I felt more anxious and helpless the more time and effort I put into investing in stocks and coins, I experienced an increasing number of requests for product sponsorships and content creation with my growing blog, and my desire to become a blogger with greater influence. This happened.
So, in order to make Naver Blog a main source of income, I created and published high-quality content every single day.
At the same time, I became convinced that the blog was a stable money pipeline that could produce the desired results through my efforts without being greatly affected by macroscopic external variables.
Of course, I am now very interested in real estate and am actually investing in it. However, my blog, which generates cash flow every month, is still a very valuable source of income.