How to Start a Blog to Use as an Investment Diary
Think blogging is only good if you make some solid cash out of it?
While there’s a lot of buzz going on around the passive income you can generate from a blog – the sky is the limit! – blogging is a great tool for dividend investors.
I know what you’re thinking now:
How on Earth is blogging a tool for dividend investors?
Well, the answer is pretty simple.
Blogging holds you accountable, helps widen your horizons and honestly – it motivates you to keep going with your investments even when you feel like giving up and selling.
Read on to find out how my dividend earnings doubled and tripled ever since I’ve started this blog and how to start a WordPress blog yourself to use as an investment diary!
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What happens when you start your own WordPress blog?
Starting this blog as an investment diary for me was a game-changer. Just look at how much my income has grown since 2016.
Not too bad, right?
All of that is dividend income.
Making a fortune with passive income from my blog has never been a goal for me. At the moment of writing, my passive income earnings are enough to cover the expenses of Stockle running, which is more than good for me!
Other things happened as well:
- I’m much more focused on my investing
Before I started the blog, I could do whatever I wanted: buy, sell, buy again. The only one I needed to answer to was myself.
Now, since I have an audience following me closely, my actions are slightly different – I’m much more focused on my investments than ever before.
Sure, your mom and best friend could do a great job as well but blogging is the perfect way to meet someone who’s as passionate as you are about the same goals!
- I’ve found my tribe
Talking about people who share my passion…
Starting this blog was a way for me to connect with others and talk dividend without feeling like I’m boring the other side to death.
The investor’s community I’ve found here is incredibly warm, welcoming, and kind.
- I’ve developed an I-mean-business attitude
Prior to starting the blog, I felt like a 20-something kid who happened to know a thing or two about investments.
Now I feel like I’m really, really on top of my game – and I know what it takes to stay there.
Having to show your portfolio and your dividend income makes everything much more serious. A mindset change happens. You mean business and you can’t fool around anymore – it’s embarrassing to make foolish mistakes you can’t explain!
- I’ve grown as a person
Honesty is often neglected in the finance world and your ego is your worst enemy.
By having a blog, I’ve grown as a person and learned how to quiet down my ego and just be more open and honest with others.
Honesty is especially important when you do mistakes because the only way to learn from your mistakes is to reflect on your behavior and evolve.
- Why I Share my Dividend Income Growth
- The Dividend Growth Strategy: Should Young People Even Bother Doing It?
How to start a WordPress blog in 2019
Everyone can start their own blog. It takes less than 10 minutes and it doesn’t require you to be extremely tech-savvy.
Here’s how to start a WordPress blog to use as an investment diary.
- Come up with a name
- Choose your web host & domain
- Install WordPress
- Log in to WordPress
- You’re a blog owner now!
BONUS: Best WordPress plugins to make blogging easier
Step 1: Come up with a name
The first step in learning how to start a WordPress blog has nothing to do with blogging. It’s your job to come up with a name for your blog – think something catchy that stands out and is easy to remember.
Not too long, not too average – and definitely not too complicated. You want people to be able to spell it without trouble. Think about your favorite sites, Facebook, Google, Netflix. Very easy names to use.
Before buying your domain, check if your chosen domain name is available. You can do that here
Pro tip: You don’t have to pay extra for the domain as well. Bluehost offers you a free domain with their web hosting plan.
Step 2: Choose your web host & domain
There are two options to host your blog: use free web hosting or go self-hosted.
As most other bloggers will agree, I recommend you go with the self-hosted option simply because it’s much more professional. (that’s how you don’t get, for example, stockles.wordpress.com attached to your name)
Going self-hosted isn’t that big of an expense and Bluehost is the ultimate favorite among bloggers – here’s why.
Why pick BlueHost?
There are several reasons why I’m staying loyal to Bluehost and why I recommend you sign up for it too.
- It’s very easy to use
As a first time blogger, it’s easy to get overwhelmed by everything blogging-related. Save yourself some valuable time – and money! – and just go with the easiest solution on the market.
Bluehost offers the one-click installer option, which yup, is exactly what it sounds like. One click and you have your very own blog up and running, just like magic.
- You get to save a few dollars
While there might be cheaper options, I don’t think you can beat the pricing plans with what you get from Bluehost.
The 36-month plan is the most affordable one. Your cost comes down to $2.65 per month, which is the average price of a cup of coffee in developed countries!
You also receive a free SSL certificate – Google wants you to have it to rank high – and a free domain. Can’t beat that!
- It’s pretty fast, safe & reliable
Imagine if a visitor comes to your site and it takes more than 10 seconds to load. Or imagine if a loyal fan can’t load your blog because servers are down at random times of the day.
You don’t want to lose readers on a blog you’ll be working so hard on because of bad hosting, do you?
- You join a community of over 2 million people
Right now, approximately 2 million people around the globe use Bluehost! Bluehost is the leading web hosting choice in the USA, UK, Canada, Australia, and Europe.
Step 3: Install WordPress
WordPress is a CMS – Content Managing System – and the leading blogging platform. At the moment of writing, there are approximately 74.6 million websites hosted on WordPress.
WordPress is user-friendly, easy to customize with hundreds of different themes & plugins and doesn’t require you to be a developer to have your own blog.
Using Bluehost means you have access to the one-click installer.
All you need to do is click the button as shown on the video
Step 4: Log in to WordPress
Log in to your WordPress dashboard by typing yourblogname.com/wp-admin
Start building your blog by choosing a theme, customizing it to your preference and adding content that provides value to your target audience.
Pro tip: If you’re a beginner blogger, don’t spend hundreds of dollars on WordPress themes. Use the free ones until you get the hang of it – it’s easy to upgrade at any time!
Step 5: You’re a blog owner now!
Congratulations, that’s it – you’re good to go!
Take a look around your new blog and start tracking your performance. I promise that you’re bound to notice a difference in your dividend income!
Bonus: 9 Best WordPress Plugins to use
Plugins to WordPress are like apps to your phone. Here are some of the best WordPress plugins to make the most out of your experience!
- Akismet Anti-Spam to keep spammers away – even when you’re asleep
- CommentLuv to ‘encourage comments & community spirit’
- Jetpack by WordPress with a ton of useful features that help you track your blog’s performance
- MailChimp Forms by MailMunch to include a sign-up form on your blog and get more email leads
- Share Buttons by AddThis enables you to include social media share buttons
- Simple Sitemap to help you automatically generate sitemaps and rank better with search engines
- Twitter to make tweeting your blog posts easier
- Yoast SEO to keep your writing search engine friendly
- W3 Total Cache speeds up loading time
Are you thinking of starting a blog to use as an investment diary?
Leave me a comment and let me know, I’d love to help if you have any questions!
- Going Public: A Summary of 2018 And Strategies for Going Forward
- Popular Valuation Methods: The Dividend Yield Theory