Google Paid Me Money!
I wrote a blog post here recently about a novel way to tap into your home equity called the Home Equity Investment (HEI) loan.
https://my.wealthyaffiliate.com/edwinbernard/blog/do-you-own...
The main difference between this and other home loans is the loan is repaid when you sell your home. And there are no monthly payments required. An HEI loan agreement can be made without having to change your existing mortgage.
Our HEI agreement just concluded and the money was deposited into our bank account. When I was checking this out I noticed there was an additional payment of $103.79. Guess who paid me?
GOOGLE! It was because of Adsense.
Since I do not earn much through this stream, I don't bother to check my Google account. I have a minimum payment threshold of $100 and I met this for Google to make a direct deposit into my account.
It really felt good receiving this payment even if it was very modest. After all, it is an example of passive income from my online activities.
Should You Set Up Adsense?
Wealthy Affiliate has a class on how to set up your personal website and YouTube account to qualify for Adsense. In the grand scheme of things, unless you have hundreds of thousands of visitors every month, you will not get paid much. Therefore, your time is best applied towards other affiliate marketing earning methods. Like writing lots of valuable content for organic growth and sales.
Hence, it is a personal decision to set up Adsense or not.
On My Way Down The Escalator
On a side note I have finally fallen out of the ranks of Ambassador and this is perfectly fine with me. I am spending more time on monetizing my website through writing more content and using social media to develop more traffic.
I have started a series of posts on my website on this topic. My first introductory post was published on my website yesterday. I gave an overview of:
- YouTube
- Tik Tok
As I complete these posts, I will be using Facebook, Twitter, PInterest and LinkedIn to promote these posts in the hopes of generating more traffic.
If this gives you ideas for your own MMO websites that will be fantastic.
It's been a while since I posted on my Blog in WA and it feels good to do it again. It will be awhile before I post my next one.
All the best to you.
Edwin
Recent Comments
119
That is a great idea; similar to a Reverse Mortgage. My Mother had one and the same concept. Didn't have to pay back until the home was sold. Or refinance and keep the home. People are always saying that a Reverse Mortgage is the government is just going take your money. . I have the hardest time convincing people how easy it was with the reverse.
I think that is a great idea for your blog!!
Hi Marlene,
More power to you in reaching out to others to get the record straight recording reverse mortgages. As Tom Seleck says in the AAG ad, a reverse mortgage is just a loan, The difference is in how you pay it back.
The great thing about reverse mortgage is you don't have to worry about paying your monthly mortgage payments. But you do have to pay off your old mortgage with the loan you get.
With the HEI, I didn't qualify for a reverse mortgage. So I kept my existing mortgage and the investors invested in our home by paying us for the privilege of participating in the appreciation. So we have to continue to pay our mortgage. But we were able to pay off our debts as well as get our mortgage current. So not we are able to keep more of our pensions since all our loans are paid up giving us more financial security. And we also have a nice lump sum of cash to do whatever we wish to do with it.
We are keeping some for emergencies, another bucket for savings and a third one to invest in the stock market. But even here, I am only investing 50% of what I have assigned for this bucket.
When I started Affiliate Marketing I didn't know if tapping our equity would work out. My goal was to earn enough money to get us into a financially secure situation. Now that we are, I can be more relaxed about how I approach it. The desperation factor has gone away. This means I can try out new things and take more risks.
I wish you much success in your affiliate marketing journey.
Cheers.
Edwin
Hi Edwin,
Great to hear from you again!
Thanks for the tip about HEI loans. I'm going to look into one. It sounds a lot like a reverse mortgage though, especially the part about not having to pay it back until you sell your home.
You also gave me some ideas about doing articles on each of the social media networks. I do have an article on using social media to create income but it's pretty and does not go into each each network in detail. Thank you for sharing your ideas. They were very helpful.
Best regards and have a Happy Thanksgiving!🦃🦃
Barbara
Glad to hear from you Barbara. Regarding the end result there are some things in common between an HEI and a Reverse Mortgage. Some of the major differences are an HEI doesn't need Mortgage Insurance like a Reverse Mortgage does.
Also, in a Reverse Mortgage, you have flexibility on your monthly mortgage payments. These can be from zero to the full amount. In an HEI, you have to continue to make your mortgage payments. And you cannot make partial payments towards the loan, since it is in essence not a loan, but an option to participate in the increase in home value. If the home value declines, the investors loose out too.
There are advantages and disadvantages to both. We applied for a Reverse Mortgage too. Since we had a couple of late payments on our credit card and mortgage payment, we didn't qualify. A HEI was more forgiving,
I suggest doing your homework before making a decision.
Cheers.
Edwin
Hey Edwin, it’s been a while since I’ve spoken to you as I needed to take a bit of a break but I’m slowly slowly getting back to it.
It’s great to read of your progress and thanks for sharing. It seems you must be the social media expert now! Adsense has always felt like it will be out of my reach for a fair while as I read that you need a lot of traffic to your site to even get approved so I’m holding fire until I can do it. Huge congratulations on your bonus from them and yes a fine example of passive income - very well done indeed!
Keep at it Edwin, you’re so going in the right direction! Keep safe. 😁
Hi Alexandra,
Thanks for your commendation. I don't think I'd go so far as to call myself a social media expert. It is a case of fake it till you make it process. When I succeed in getting more social media followers and traffic that will be the time to celebrate.
Keep doing the right things that WA teaches right, and often. That is the path to success as so many successful members have shown.
All the best to you.
Edwin
Hello Edwin,
Seems a little while since I clicked to open one of your blogs...🙄 but I’m glad I did.
Firstly congratulations on your little (growing 😉) google income stream.
By the looks of things some good helpful quality training and hints surrounding social media (my weakest link) is on the way.
Good to hear from you 👍
Hi Cordelia,
Great to hear from you. I am posting much less on WA as I am focused more on my website and social media. I dropped out of the Ambassador ranks today after over a year in that position. I wrote a post a few weeks ago that this was going to happen as a result of not being as active on WA.
Hope all is well with you.
Cheers.
Edwin
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Edwin you sound like one of the old wise masters here!
I am new, and have 2 websites started. only 1 is meant to be monetised, eventually. I found it really hard to use Pinterest to place ads and links, which kind of set me off for a while. I will be getting back to it, once I have read your new bog posts. Thanks your sharing your wisdom!
Hello Marilyn,
Thanks for your supportive comments. I also found Pinterest confusing. Once I got into it I have found it fun to create pins that promote my website posts.
You have the option of creating one or more boards to place your pins where you name each board a category that reflects your niche. When you create a pin you can place it in the most relevant board you have named.
The next step is to find pins you like, then like them and even fillow them. In this way you can build a network of potential visitors to your blog posts that could result in sales.
At least this is how I understand the way Pinterest works. It requires a lot of hard work that only pays off if you do this consistently. I confess that I have not been consistent. Hence, my performance is very poor.
Does this explanation help?
All the best to you.
Edwin