So now that I am starting to get this blog setup with a few posts behind me and a design that I can live with, I am moving on to how to support this hobby of mine.
I have read many posts out there that state you should try and setup your blog early on as it gets easier to scale. With that said, I am a huge fan of making sure I track my financials for STMT (Shake The Money Tree). If you haven’t noticed as part of the blog design, I have added a page title “How high is the Money Tree”. This page is intended to keep track of my monthly financials.
In looking at the January 2019 financial results, you will see that I am currently sitting on around $464 in cash…the residual of the initial investment I made in STMT and also my 1st month of revenue. I am currently just letting this sit in my personal checking but I want to take the next formal step and setup this cash in its own account. From there, I took to the web to research which is the best bank for me and here are some useful links that I came across that helped me decide:
https://wallethacks.com/ally-bank-review/
From there, I decided to go with Ally for the low hassle and high interest rates that they offer to their members. I will be opening the account in just a few days and keep the look out for the monthly financial reports and let’s see how high this Money Tree can get….
I am a finance professional with over 20 years of experience and very passionate about all topics related to finance; enjoying the aspect of teaching and educating others along the way. All in all, I will show you how big this money tree can get over time as I get the branches (Earn, Save, Invest) as high as possible…Click here to see my financial progress to date: How high is the Money Tree?
