ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

How To Fund Your Year Out AND build a residual income!

Updated on January 20, 2011

Why take a year out?

If you have been thinking about taking a year out and are interested in how this could build you a residual income then its worth taking five minutes to read this article. Using just a few hours a week you could create a residual income that could make that year out ambition a reality. Alternatively it could give a real purpose to your year out and help you plan for your future ambitions. Firstly lets explore why you are taking a year out and how building a residual income will be important.

Why are you wanting a year out? The most common reasons are related to stress or a desire to travel and see some of the world before starting a job or at university. Sometimes it is through a desire to volunteer and give something to those less fortunate. Whatever your reason, there is no doubt you will need to fund that year out. Even volunteering can be expensive if you have to rely on savings to pay the bills at home.

Well what if a part of your year out and its preparation could easily involve building a residual income that not only helps pay for your year out, but enables you to reduce the stress of returning to work or starting university? A financial legacy that will mean as much to you if not more than memories and photos.

Oh and in case you were planning on a purely altruistic year out, what would make a better gift than regular donations to the charity of your choice for the foreseeable future? Why not build that residual income for someone else?

Build a residual income to fund your year out
Build a residual income to fund your year out

Where do I start?

 OK first up you need to have patience in abundance. This isn't a get rich quick scam, its a genuine way to improve your financial prospects but it does involve some hard work and a lot of patience.

To create your residual income and the funding for your year out you are going to need to be able to type and enjoy researching and writing your own articles. Take a look at this article, not the words but the structure. Can you see the adverts placed around the text? Well whenever a reader is distracted by them enough to give them a click, then the author of the ad (thats me!) gets paid a small amount...If you scroll down a bit further you'll see some amazon books that ive chosen that readers may be interested in. Well if you or any of my readers decide to follow those links and make a purchase, again I will make a small amount of money.

Now before you go copying this page and booking that dream holiday, this page on its own may only ever make me a few dollars each month. nothing much to get excited about is it? However it only took an hour of my time to write and I write at least one every day. Now you can hopefully see the potential?

Is it really that easy to fund my year out?

What if you wrote an article (known as hubs) every other day for the year leading up to your year out? Lets be clear, that would involve just finding three to four hours a week to devote to your dreams. Well after a year of preparation you'd have around 180 articles all contributing to your residual income. That sounds pretty good to me, and I can assure you that 180 articles would bring a residual income worth talking about.

Now lets imagine you then took your year out. You experienced a wealth of new opportunities, visited new places and met new people. Maybe you could write another article or two every week inspired by your year out experiences. At the end of your year out, you may well have over 300 articles all potentially adding several dollars a month each to your residual income...Wow...!

Even if you are travelling the world, I'm willing to bet you will spend some time in Internet cafes each week. Would it really be that big an inconvenience to pay for another hour and produce an article given the rewards? I doubt it!

Im convinced! What now?

 Well my suggestion would be that you dont hesitate in signing up to Hubpages. Its completely free and once a member you can have a crack at publishing your first ever article. Give it a try now. Even if you only ever write one, check back in a few weeks and you may be surprised at how many people have read it!

Join Hubpages Today!

 

Oh and if you still need convincing then have a look at the HubPage success stories and see how other people achieved their year out dreams AND built a residual income!

 

Comments

    0 of 8192 characters used
    Post Comment

    • dosburros profile image
      Author

      dosburros 7 years ago

      Thanks Michelle...I think people are too quick too dismiss anything that involves a little work. Without a doubt hubpages can provide a platform for achieving your dreams, including a year out!

    • profile image

      Michelle Tukachinsky 7 years ago

      Let me tell you... funding a year out would be great! I am a home business owner.. and 1 week per month would be life changing!! Thanks for your excellent post!

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: "https://hubpages.com/privacy-policy#gdpr"

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)