As a full-time blogger, it is definitely possible to make a great income but affording a house as a full-time blogger: is it possible?
What I wish I knew before becoming a full time blogger was the potential to make money with a blog.
There are bloggers that are making anywhere from 5 to 8 figures a year.
Michelle of MakingSenseofCents.com made $136,829.30 in just one month in 2017.
The influencer industry alone is an 8 billion dollar industry.
You can definitely make a living as a blogger, but you have to be smart about it.
Making Money as a Blogger
While multiple streams of income aren’t necessary, they are definitely helpful when it comes to growing your blogging income.
Most bloggers have various ways to earn money.
Whether using display advertising, sponsored posts, selling products, or offering services, by diversifying income, you’re more likely to keep a steady paycheck.
Your income as a blogger can definitely change from month to month.
Making sure you create your own paycheck can seem scary.
When you start, you’ll quickly realize there are so many ways to make money from your blog.
Not every method will work for you.
Every blog and online business is different, but so are the people behind them.
Make sure you are playing to your strengths as you develop your business and choose which ways to make money from your blog.
Aiming to earn money from your blog can seem daunting if you don’t know where to start.
Our advice is to start small.
Spend some time on display advertising.
Reach out to companies that sell products in your blog’s niche and offer to create sponsored posts for them.
Use affiliate links on places like Amazon or sites you already use and trust.
Think of your blog as a business and treat it as such.
What areas can you maximize?
What areas are lacking?
Where do you see a way to improve or earn more money?
Having a detailed plan will help you enormously if you want to use your blog full-time as your main source of income.
But Can I Afford a House?
If you are making good money as a blogger, you may be able to afford a house.
But income alone is not a good indicator of your readiness to buy a home.
After spending some time researching about mortgages, how you can qualify, and what you need to make to afford a home, we found a mortgage qualification calculator that quickly became one of our favorite resources for learning about mortgages and what it takes to qualify for one.
When using this calculator, you enter in a wide range of information including your target home price & down payment, mortgage structure, other ownership costs, and any other significant debts you may have.
With this calculator and the information provided alongside, you will learn about the importance of your debt-to-income ratio when it comes to qualifying for a loan.
As a blogger, you can be making great money, but if debts are high and your debt-to-ratio isn’t in the target range for mortgage lenders, you won’t qualify for a mortgage.
According to Consumer Finance, a 43 percent debt-to-income ratio is important because, in most cases, that is the highest ratio a borrower can have and still get a Qualified Mortgage.
Get Answers Directly from the Calculator
Any questions you may have about the terms featured in the calculator are answered in the extensive and informative article that follows the calculator on the same page.
This article clearly describes how the mortgage qualifying process works from start to finish, what lenders look for in borrowers, and the different types of loans and programs that exist.
Whether you’re looking to start learning about the mortgage process or determine if you can afford the house of your dreams, this resource can provide you with the information you need.
If you’re making fantastic money as a full-time blogger, you just may be able to afford a home of your own.
Make sure you are taking the right steps to scale your business and secure sustainable, steady streams of income.
Use tools and resources like those from MortgageCalculators.info to help you learn about the mortgage process and discover if you’re ready to buy a home.
With the right plans in place for both your business and your mortgage, you will be a successful full-time blogger and homeowner in no time!
