My editor and business partner, Mrs. RB40, is hinting that she needs a raise. Well, maybe it’s not hinting when she posted the comment on her Facebook page. I really do need her help because writing grammatically correct essays is not my strength. My excuse is that English is my second language, but that’s getting old because I’ve been speaking English 2-3x longer than another language. She is a great editor and often helps me flesh out my ideas.
One problem is that my TTM (time to market) is very short. I usually write a post the night before it goes live and then Mrs. RB40 will have to edit the piece at 10:30pm when she is already exhausted (and probably drifting off to sleep.) That is a bit late and I really need to get a few posts in the queue. Maybe this will be one of my 2012 New Year Resolutions – have at least 3 posts in the queue.
Anyway, now I really feel like an entrepreneur because I’m dealing with a problematic employee! (Ha!) She really deserves a raise though because right now she doesn’t have a big incentive to work at 10:30pm (other than she loves me.)
Currently, any revenue coming in from our online venture goes straight into the bank. Last week, I read about a great investment strategy at Money Reason who purchase dividend stocks with their online income. I think this is a great idea. Our online income goes into the general pool and will eventually make its way to some kind of investment. I haven’t designated a portfolio or a particular investment for the online income stream yet. Maybe I should create an online dividend portfolio as well or I could also use the income to pay part of the mortgage on our 4-plex rental property.
Now that we are getting checks from Google and other sources, I was thinking I should give 10% profit sharing to Mrs. RB40 as an addition to her adult allowance. What do you think? Will this keep her motivated and give her a bit extra money to spend on some frivolous purchases? She hasn’t purchased any purses or clothes in a long time. This is mostly due to being busy with baby RB40 though. I really can’t do without my editor so I think I’ll have to bite the bullet and give her a raise.
If you have a blog, what do you do with the online income? Do you have a designated account that the income goes to? Do you use a certain % for fun or something else?
Next, Baby RB40 will be clamoring for his 10% share. 🙂