Article Writing: Why I Believe It's Better Than a Bank's Interest and How It Could Make You Money
Are you currently investing in any sort of form?
Why We Invest
It's not uncommon knowledge that we all invest in things. It's something we all do from day to day. Whether we're investing in our car, house, people, or even for our own future, we all know what it means to invest. However, it's better to understand the business model to grasp why things are the way they are and our own place in the model.
Banks need to make money. So, they use us for our money.
Banks pay us for letting them borrow our money. This is investing. When we invest money, they hold on to it. We are paid a certain percentage of that money. They are using it. They are giving loans to people. They are making a lot of money off of the interest of the loans. They pay us a tiny portion of that interest they have made. So, that's why interest rates are so low. The banks can't find ways to make profits anymore, can they?
A couple of months ago, I wanted to start investing my money.
I wanted to get something back in the form of interest. Yeah, I've heard that interest rates were low, but I was disillusioned. I was thinking the interest rates were going to be OK. However, at Altura Credit Union, my current bank, APY (Annual Percent Yield) is only 0.01% .
... That's sort of ridiculous!
In a world where interest rates for credit cards can end up to 15% + , why would a bank only pay me 0.01% ? I didn't really have a lot of money to invest. Now, how could I benefit from that interest rate?
Looking at those numbers, I sort of wanted to give up.
Thing is, investing is great. It can reap you a lot of money in the long-term. However, I don't want to play that game. I don't want to be one of those people that invest their money in the long-term and end up becoming rich when they are at least in their 40's. I do like to work hard but I don't want to become another story of the classical model of investing. Rather, I wanted to see if there was something better for me.
Make More Money Than the Interest Earned Through Article Writing
Article writing is my answer to this whole problem of investing. I don't want 0.01% percent interest. In fact, I don't even want 1%. I want more. I want to be able to dictate how much I want to make to some degree.
My journey through article writing online
My journey is actually pretty damn interesting. Starting off, I knew nothing about article writing or about making money online. I've always thought that the journey of making money online was going to be very hard. In fact, it actually is pretty hard. However, it's not impossible. It's something that I've realized over the years of trial and error.
At first, I wrote articles and tried to sell my stuff out to other companies and entities that wanted them. I definitely made a lot of money -- ranging from $10.00 to $20.00 per article. I've realized it was possible to make money off of writing articles.
Interestingly, it just never made sense to me as to why I would want to keep writing. This is because at some point I realized it just wasn't enough money I was making in the short term.
A few months after taking a break from article writing, I somehow became very interested in investing. I wanted to know how investing worked and the potential profits from it.
I modeled the potential of investing. It's not very attractive to me.
I somehow found myself back to the drawing board, thinking, "what is one thing that I am good at that I can do in order to earn something more than what I'd earn investing $500.00?"
Well, then I discovered HubPages and came to the idea of not selling my articles anymore. Instead, I'd create a multitude of property that was mine and receive 'interest' for what I own.
When I first started writing articles at hubpages, I sort of gave up.
I was 3 articles in, and I felt overwhelmed with guilt knowing I have just wasted hours of my time to no avail. I wasn't making any progress. I wasn't making any money. I was pretty silly because I realized I didn't activate the monetizing-portion of my account. However, even then, I didn't really make much when I did active it.
I would notice my account mark $0.00 almost every day for a few months. Rarely would I see a cent or two, but I realized something that is very powerful for me: investing in a bank would have only given me $0.03 a year. How is this any different? Why am I fretting? Why am I giving up? I haven't even tried yet! What if I could make $0.01 in one month? I'm already ahead of the game with investing!
I found strength. So, I didn't give up.
I realized it's worth the effort. So, you know what, I kept at it. What of it if I'm not getting what I want? We'll get there, I told myself. I stayed strong. I kept at it. And you know what, I felt my goal slowly becoming a reality.
A few weeks in and I was reaching my goal.
I started earning money every day. $0.03, plus or minus a cent or two. It was working. I felt good. Even though this isn't a lot, it's definitely a lot more than what I'd be making investing. At least, that's only due to the fact that I don't have a lot of money to invest to begin with!
Eventually, I began hitting the $0.11 - $0.09 per day.
I'm obviously planning to make those numbers go up. I'm convinced what I have learned over the whole year is the truth. In fact, I'm making so much more money by doing nothing than what I was making in a savings account or even a certificate of deposit! All by dropping a few hours of my time in making a few articles.
If you're curious how I did this, check out [article goes here].
“Someone’s sitting in the shade today because someone planted a tree a long time ago.”
Investing isn't necessarily a bad thing. Unfortunately for many, we're not rich. We don't have insane amounts of money.
Today's interest rates are so low.
Without a great wad of cash, there's no way many of us are going to make an income. Or even a few cents anytime soon. It's a game of time. Time is money. Time is on our side. However, for people like me that don't want to sit around, there's something that can be done about it.
Don't let interest dictate your life. Dictate where you will invest your time.
You see, article writing isn't just throwing your ideas out there. It's also about investing your time, energy, knowledge, and letting it work for you. By helping others, you are getting something out of it. I'm not going to lie, many are disillusioned to think that you will get rich online without a lot of effort. That just doesn't happen. I used to tell myself, "it's going to be possible. I can do this!" I was partially wrong. However, it doesn't mean we can slowly creep there. You know?
What model do you want for your life?
Do you want to be the rider or the driver? You know, I think it's time you make a decision. There's so much potential online. In fact, article writing isn't the only way to invest your time. You could invest your time, energy, and intellect on YouTube videos, blogs, writing books, or even start your own business online.
Just do something. Anything is better than interest rates.
Seriously. This is the moral of my whole article. Anything is better than those wretched interest rates that the banks want to pay us. They think we're not worth more. This world feels to be all about the corporate companies and them making money. They are not going to care for us. So, just do something!
If you ever do decide to start writing, let me know how it works out! I would love to know how you are doing. Feel free to send me a message and ask for some advice. I'd love to help others begin their writing journey.
Has this article changed your perspective in investments?
© 2018 Fernando Gonzalez