Jack creates “something” that earns him 10 cents everyday. It may take 1 to 3 hours to create it. But when it’s completed, Jack gets 10 cents the next day, another 10 cents the day after, and so on. This 1 to 3 hour work keeps earning Jack 10 cents everyday, forever. So Jack creates one of this each day. After 30 days, Jack has 30 of these “something” that earn him $3 per day.

On the other hand, Jim finds a job with $1000 monthly salary. He works 8 hours a day for 5 days a week. At the end of the month, Jim receives his $1000 salary. The next month, Jim has to work again to get another $1000.

How will both Jim and Jack fare financially? Let’s do the math…

At the end of first month, Jim collects his $1000 salary. However, Jack only collects a total of $49.60. Poor Jack. He gets so little for the first month. Jack surely admires Jim’s $1000 salary. Now, if Jack stops creating that “something” that earns him 10 cents daily, he can only get $46.50 for the second month. So Jack continues to create one each day.

Now let’s see their monthly progress…

At the end of that year, Jim gets a total of $12000 while Jack gets a total of $6679.50. Note that for the last month, Jack gets $1085.00 which is higher than Jim’s monthly salary of $1000. That means, if Jack stops working, he still gets more money than Jim. Jack can relax at home while Jim still has to work 8 hours a day. Now, Jim really has to admire Jack for not having to work.

What if Jack still continues to create the “something” that makes him10 cents a day? Here is his yearly progress.

At the end of second year, Jack’s annual income exceeds Jim’s annual income. And after 10 years, Jack’s total earning is more than 5 times of Jim’s total earning. And the main point is, Jack can stop working anytime and still enjoys higher earning than Jim.

Now you may ask,

“Is this possible?”

Definitely!

So what is the “something” Jack does everyday to earn his daily 10 cents? It is creating website content and make money with Google Adsense advertisement. By just creating one page a day, Jack gradually build up his website  to earn lots of money in the long run.

The projected number is in theory only. It’s not that you will get 10 cents tomorrow for the web page you create today. There will be ups and downs in your earning. But on average, you will see that pattern emerging. I’m also stating a very conservative number. A lot of web page is earning more than 10 cents a day on average.

Oppsss… I forgot to let you know the number’s currency is in Malaysian Ringgit (RM). So RM 0.10 a day is less than 3 cents USD a day. It’s not very hard to get this number. When your website gets more traffic, this average amount will shoot up beyond your expectation.

So which plan do you want to follow?

The good news is, you can have both! Continue doing your job while building your website in your free time. It’s best if you can create one page everyday. The problem is…

• How long can you continue creating one web page per day?
• How long can you keep going when you don’t see good income in the beginning?
• Are you willing to learn how to build good website or blog?

As usual, you reap what you sow.

Then I look at my blog. Oppsss… only two posts. Hmmm…..

Then, I recall the following words of wisdom:

• A thousand mile journey begins with a single step – Chinese proverb
• How do you eat an elephant? One bite at a time.
• Do not compete yourself with others. It will be hard on you. Compete yourself against yourself. Make sure you improve each year – Robert Kiyosaki book

Well, I guess I have to keep posting continuously non-stop. Here’s my math:
3 posts a day =  90 posts a month = 1095 posts a year = 10950 posts in 10 years

There you go… more than 10,000 posts in 10 years. I can retire by then

Hopefully, my math is correct. Here you go, my third posts….

1. Open a hosting account with Thirdsphere hosting (USD 24.95 monthly).
2. Register the domain Jamespang.com with Godaddy and point the domain to Thirdsphere DNS.
3. Add this new domain to Thirdsphere (USD 10 one time).
4. Use Thirdsphere script center to set up Wordpress automatically.

And you’re done. You may host your website or register your domain elsewhere. But the above steps are basically what you need to do to have a blog with your own domain.

However, the easier method is to use Wordpress hosting and upgrade to their paid premium package for your own domain. The reason I use Thirdsphere is because it allows multiple domain hosting in a single account. So it’s more economic for me.

To learn more about Thirdsphere features and test drive it free for one month, click here.

But why you should put out money for your own domain when you can have it hosted with Wordpress for free?

Blog with your own domain

If you’re serious about earning money with your blog, then I highly recommend getting your own domain for several reasons.

1. You cannot put your Adsense ad on free Wordpress account. No ad, no advertising money. Wordpress may even put their Adsense ad on your site too.
2. Over time, more and more websites will link to your blog if you have good content. This brings in more visitor to your blog. It also builds up your site link popularity and Google page rank. Just like having a good brand, this is your business asset. However, if Wordpress or other blogging company disappears or changes their policy, you may lose your free blog domain address and all the inbound links. But with your own domain, you still can host it elsewhere and retain your links.
3. Having your own domain gives better image compared to free hosted domain.

However, if you’re not interested in earning money with your blog, you can always use the free hosting at Wordpress.

New Wordpress

Now Wordpress 2.7 is easier to use with cool user interface, much better than version 2.2 used by my sister. I recommend everyone using the old Wordpress to upgrade it.