I decided to bring back the monthly review. This time it’s a little different. Along with my financial update, I’m also sharing how the site is doing.
I’m not sure how long I will keep these around, so let me know if you like these reviews or if you would rather see personal finance advice.
Nonetheless, I would recommend doing something similar in your life. Start tracking whatever you want to see improvement in. There is a lot of research out there showing that tracking generally precedes improvement.
Subscribers to the newsletter and RSS Feeds, are letting me know they want to be contacted by me again. Therefore, it’s one of the best indicators to how loyal of a following I have.
Overall, I saw a large increase in these numbers in the Month of May. My goal is to reach 100 subscribers in both the RSS Feed and Email Newsletter by the end of June.
To achieve this goal my plan is to submit four guest posts and come out with an eBook that will be given away free to newsletter subscribers.
- Feedburner: 97
- Email Newsletter: 72
Thanks to a few quality links from sites like Wisebread, MSN Money, and Fivecentnickel this was the best month ever on Gen Y Wealth.
I also managed to post everyday Mon-Fri, plus a weekend reading section on Saturday. This month I’m switching to writing Monday, Wednesday, and Friday. Plus, on Saturdays I will link out to other quality content.
My goal for June is to get into the top 700,000 in Alexa and show an increase in the remaining three categories.
- Alexa Ranking: 757,848
- Absolute Unique Visitors: 3,137
- Page Views: 13,859
- Average Time: 3:41
Personal Financial Update
Since many trust me with financial advice, I think it’s important that I let people know how I’m doing financially.
I started releasing monthly reports when the site first started, but for some reason didn’t continue them.
- Net Worth = -2.31%
- Investments to Expenses: 38%
The market, depending on what index you track was down almost 10% for the month of May. Even though we continued to dollar cost average, most of our investments were down for the month.
This is the first month I began tracking my ratio of investments to expenses. My goal down the road is to invest $1 for every $1 I spend.