March 26, 2012, 5:00 am

Would You Declare Your Income?

by: The Financial Blogger    Category: Make Money Online
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It’s been a little bit more than a year since I started declaring my online income. The idea behind that successful series was to share how I’m able to make money online and to help you to do the same. As you can see, it’s been over a year that I have been disclosing a lot of interesting information about how you can improve your blog or websites and make a side business out of it. I’m pretty open about my sites and actually pretty open about my personal situation as well. Each month, I disclose my net worth and each year, I do a total income summary.


Why Money is Such a Taboo?


I have never understood why money is the biggest taboo ever. You could almost have a sex discussion at work during lunch time but it is strictly forbidden to share your salary with your co-workers. During parties with friends and family, people are almost shy to tell how much they paid for their new car or how much it cost renovated their house, etc. Why can’t we talk about money as we talk about anything else?


I’m a very open person. I’m sharing everything on my blog, but I’m also sharing everything in real life. When someone asks me how much I make per year or how much I paid for something. I tell them upfront. I don’t see the problem with it. It’s not like I’ve been stealing money! But then again, people are surprised to see how open I can be. To me, it’s just a matter of offering the right information to the right question. What’s the point of giving a vague answer? What does it matter to you if I make 20K, 200K or 2M$ a year? It doesn’t affect your life, so why would you care so much?


Because People are Evil and Jealous


I have faith in human beings. In fact, you can tell that I’m a bit naïve. I think that people can be good. In fact, I expect people to be good and hope the best for others around me. Unfortunately, I am regularly with regards to this premise. Over time, I’ve found that some people are evil and jealous. If you make money or are successful in something and you tell people, most people that truly like you will be happy. However, a handful of people will hate and envy you. These people, as little as the number can be, can hurt you big time. It seems that because they haven’t made it, they must drag everybody down to their level.


And This is Why I’ll Shut my Mouth from Now On


Yeah… I know, it’s pretty sad. While I’m trying to help people and give them hope, I’m under the impression that I could be attacked. I’ve seen a lot of weird things happening lately in the PF blogosphere (it is not a coincidence that I’ve wrote how to survive Google last week!).


I haven’t seen any backlash on my site but I will certainly not wait until it happens. This business is one of my true passions in life and I don’t want to see it destroyed by a few evil doers. I’ll keep reporting my net worth because there is nothing to attack on this one (I’m not rich anyways!) but I might stop the day that I become richer… it’s crazy isn’t?


I’ll do Things Differently


I’m still going to be pretty open about a lot of things that I do (so don’t cancel my blog yet 😉 ). However, I’ll become more cautious about getting specific on the sites I own and how much money I make. My monthly income report will be transformed into an “empire update” where I’ll do a round-up of what goes well and what doesn’t and about my upcoming projects. Unfortunately, there will be a few blank spaces here and there as I can’t take the risk to see my business going bust because of evilness in the world.


What do you think of all this? Have you regretted disclosing personal information with regards to your income or net worth?


I’m still shocked… now it’s time to go back to the drawing board… once again!

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While I`m very disappointing to hear that, i can appreciate why you may no longer what to disclose your monthly blog income. The topic of money has never been taboo amongst my friends. I know how much they all make, how they bought their first homes for..everything! Maybe it`s because we grew up to close, or it`s less taboo to younger generations, but i know people are nuts about this in certain departments around work. For mine, as a financial planner, our division all make the same base salary, and it`s openly disclosed how much we make in bonus. They give us monthly reports to tell all of us our monthly bonus incomes to add some competition. But when i speak to people from other departments around our yearly bonus time, they are very weird and secretive about everything. Not to judge, its just something that doesn’t make sense to me.

In your situation, i am disappointing that something happened that made you rethink your full disclosure. I really enjoy how open you are, and it makes the articles that much more meaningful when i can see the actual dollars your articles relate too.

wow I am interested to know the circumstances that pushed you to make this decision. It must have been something major!

It is kind of sad that people judge you for disclosing the amount of money you make on your blog, especially since it validates your advice. Can’t please everyone :(.

The money taboo people are the ones who are money failures. They don’t know, and they don’t want to know, ways to succeed. The only reason to listen to people like you is because you know what you are talking about…how do we know? Because you succeed. There are a lot of people in the PF community who have no idea what they are talking about.

I am very interested in how you and others make money. Maybe you could have a little “censored” button over the numbers and only those who won’t be offended can press it to see the content 🙂

It took one jealous Salieri to murder Mozart. Be careful, my friend with those who are jealous. As someone said: Jealousy is a dog’s bark which attracts thieves.

by: The Financial Blogger | March 26th, 2012 (6:20 pm)

@DanP, Alex
I might disclose my report in my newsletter though… still undecided about it ;-). I like the censored button idea! hahaha!

nothing happened to me yet, but I’ve seen horror stories lately and I don’t want to be part of it. I’m reacting before jealousy take over my blog!

well said… I guess the world is just an evil place!

I think it’s prudent to stop showing income for a while. You are very successful and there is bound to be some jealousy. I feel bad for people who depends on the online income to feed their family. I’ll only show my and affiliate income from now on.

[…] telling you that I won’t be disclosing all my blog income info yesterday, it feels awkward to continue with a “Net Worth” article where I tell you exactly […]

by: The Financial Blogger | March 27th, 2012 (6:00 am)

that’s an interesting alternative. I might consider showing adsense and affiliate income as well… smart! thx Joe!

Honestly I don’t blame you! You have to look out for you since it seems that there are a lot fewer people looking to support as oppose to harm. No one believes you can make money and if you truly are and they are will it could be a bad thing.

I always look for those who are helpful and true to helping others. However with this being the online world you never know whos doing what to whom. I plan is always been to quietly make money online and live under the radar.

I think I loved your updates so much just because they were so taboo! If everyone talked about their money all the time in their offline life I think most PF Blogs would be dead (or never would have been started) lol

I think its an unfortunate reality that people value other people based on their income. As long as money is attached to value, we will never get away from situations like this. Though I understand your decision to stop showing your income, it will be missed. That said, you won’t lose me as a regular reader. The numbers are just a case study, the information you provide on how to build a blog to get those numbers is where the real value is for me.

by: The Financial Blogger | March 27th, 2012 (8:15 pm)

thx for your support, I’ll still find a way to provide great info with a few numbers here and there ;-D

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Oh no I loved your blog income reports- they were very inspiring. It’s a good thing that I subscribe to your newsletter 🙂

I do agree that there are some zany people out there who can’t be happy for others and strive to try and pull people down to their level/ misery 🙁

Not that I know any but the internet is a pretty big place!

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