Writing for Your Wealth

When you’re trying to build wealth with your writing, you need to create assets that pay you again and again. The problem is that, unlike with freelancing where you can get a job and get paid the same week (ideally!), building up profitable long-term money makers is slow work. Overnight success is unlikely.

Few authors make it big with their first book (few authors even succeed in selling their first book), and few bloggers get floods of visitors their first month, or even their first year. As with most pursuits in life, the journey to financial independence as a writer is rarely a swift one.

And that can be discouraging.

It’s hard to keep writing when you’re getting pennies a day–or less–for your work. Fortunately, we writers usually enjoy what we do, and we tend to continue working at creating our visions even when money is elusive. But if you’re here, reading this blog, chances are you’re interested in building wealth with your words.

The key is to make sure you’re working on projects that are potentially profitable (make sure there’s an audience out there that needs what you’re providing), and then apply the Daffodil Principle.

Have you heard of that one?

If not, you may want to take a minute to read the story.

A beautiful garden isn’t created in a day, and neither is financial freedom.

You can’t let yourself get discouraged. The blogosphere is littered with abandoned blogs, some abandoned right on the cusp of taking off and becoming popular and profitable. Hard drives around the world are littered with abandoned books and novels (I’ve certainly got my share of half-finished stories withering under layers of virtual dust), some that doubtlessly had potential to be money makers, if only their authors had finished the process.

The writers who succeed at crafting long-term, wealth-creating assets are the ones who keep working, bit by bit, day by day. You don’t create financial independence overnight, and legacies aren’t made on the fly.

Don’t worry about time that has been wasted in the past. Look toward the future, and promise yourself you’ll work every day, even if it’s for a short while. Continually make progress toward your goal, and financial independence will happen.

Start today.