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  • Medium Facts That Will Fascinate and Shock You

    Medium Facts That Will Fascinate and Shock You

    Is Medium dying or growing? Let’s take a look.

    Photo by UX Indonesia on Unsplash

    Many writers here seem to be overly fascinated with what’s going on with the Medium platform. Some read about one well-known writer leaving and start shouting from the rooftops that Medium is dead. Others see their views drop and assume that means the best days are over for the platform.

    What’s the truth?

    The reality is that it’s very difficult to tell because Medium doesn’t publicly release much data. But we can still look elsewhere and try to piece together what’s happening.

    How many subscribers does Medium have?

    Every time someone subscribes to Medium their account will be set to automatically follow the Medium Staff account. That account currently shows that it has 64 million followers. Source: Medium Staff account.

    Medium Staff account has 64 million followers. Screenshot by the author.

    Of course, you can unfollow this account, and maybe some have done so. But we still have a good idea of the number of subscribers.

    An article from October 21, shows that they had 54 million subscribers. This means that Medium has gained 10 million subscribers in the last 10 months.

    Millions are likely subscribed but no longer visit the site. Only Medium will have this data.

    How many paying subscribers does Medium have?

    The article mentioned above says that there are 700,000 paying members as of quarter 4, 2020. That’s an increase from 400,000 in 2019.

    I know that those figures are now around a year and a half out of date, but it’s the best estimate I can find.

    Both the number of general members and paying members appear to be increasing, not decreasing.

    How many readers visit the Medium website every month?

    For these figures, I headed over to Similar Web. Their latest figures (which are estimates) show that Medium had the following visitor numbers over the last 3 months:

    May — 148.5 million
    June — 138.7 million
    July — 136.1 million

    Visitor numbers have fallen during the last two months, but that could just be because it’s summer.

    The Blogging Guide reports that over the 6 months from March to August last year, the average monthly visitors was 182 million, with the high point being March, which had 234.5 million visitors.

    How many pages does each visitor read?

    According to Similar web, during the last 3 months, the average visitor looked at 2.03 pages and spent an average of 1 minute and 56 seconds on the site.

    That means that during July, just over 276 million pages were visited.

    How does Medium compare to other websites?

    Similar Web currently ranks Medium as number 401 globally. That has dropped from number 384 in the last 3 months.

    The Blogging Guide mentions that Alexa.com ranked it at number 147 last year.

    Different ranking methods are likely used, but it seems like Medium is currently less popular than last year when compared with other sites.

    What country do readers come from?

    Similar Web shows the following country rankings:

    USA 26.43%
    India 7.37%
    UK 3.81%
    Canada 3.16%
    Brazil 2.96%
    Others 56.27%

    What are the demographics of Medium readers?

    The following data is also from Similar Web.

    65.34% of site visitors are male, while 34.66% are female.

    The age distribution is as follows:

    18–24 years old — 24.8%
    25–34 years old — 35.47%
    35–44 years old — 18.96%
    45–54 years old — 10.65%
    55–64 years old — 6.39%
    65 years and older — 3.73%

    Over 60% of readers are under 35 years old.

    How many writers are there on Medium?

    According to the Blogging Guide website, 200,000 writers have joined since 2017. I don’t have any up-to-date figures. I also have no idea how many active writers there are.

    How much are writers paid?

    According to the Blogging Guide website, Medium had paid out $28 million to writers between 2017 and 2020. The best year was 2020 when $11 million was paid out.

    They also mention that around 70% of writers are thought to earn money on the platform, with only 5–6% earning over $100 per month.

    How much revenue does Medium earn?

    Owler.com shows Medium’s annual revenue at $25–100 million.

    Based on 700,000 subscribers paying $50 a year, the revenue would be around $35 million.

    Is Medium dying?

    Based on all the above information, my take on it is that Medium is not dying at all. I’d say it’s quite the opposite.

    I still think it’s the best platform for new writers and more experienced writers.

    If you have some patience and are consistent with your writing, it seems fairly easy to make money on Medium.

  • 5,278 Views in 1 Day — My Best Ever

    5,278 Views in 1 Day — My Best Ever

    I’m sure you can already guess what happened

    My most views per day to date. Screenshot by the author.

    On 14 August I published an article on how I planned to be earning $8,000 a month by the end of 2023 from my 5 side hustles. I hoped this would be a popular post, but it doesn’t always work out like that.

    Sometimes the article you think will do well will fail miserably. Then you get those articles that you don’t expect to get many views that end up being one of your top stories.

    Anyway, the next day I woke up to see a big spike in my views. I immediately guessed what had happened. I assumed that I got thousands of external views. I hoped I was wrong, but I was right.

    The next day, the views spike even higher. On 16 August I got a total of 5,278 views. My previous daily high was on 3 June when I had 4,095 views. I’ve reached over 4K twice. This is the first time I’ve had over 5K views in a day.

    On 10 August, my stories got 366 views, the lowest number of views since way back in January.

    Writing on Medium is like riding the wildest of rollercoasters

    My daily views increased 14X in 6 days. It’s a really wild ride here on Medium. I’ve said it before and I’ll say it again — writing on Medium is like riding the wildest of rollercoasters.

    My Medium stats often look like this. Photo by Matt Bowden on Unsplash

    Two days later, my daily views were 419, a drop of 92%.

    From 10 to 18 August, my views went up 14X and down 92%. How’s that for a wild ride? Can you spot me in the photo above?

    So, how much did I earn?

    My story has received 8,645 views so far. That’s made up of 8,030 external views and 615 internal views.

    Earnings are $13.02 over 6 days.

    This article is number 3 in my list of most viewed.

    Referrals

    I thought getting over 8K views might result in a few referrals. I got one, although I don’t know if it was because of this article or not. The next day, my referrals dropped by one, so I’m back to zero for the month.

    My 5 most-viewed articles

    If you’re interested in taking a look at my 5 most-viewed articles, here they are.

    Here’s How Much I Earned From Writing 8 Kindle Books (10.8K views)

    Average Net Worth By Age — How Do You Compare? (10.4K views)

    My 5 Side Hustles That Will Earn $8,000 a Month by 31 December 2023 (8.6K views)

    9 Things That Will Disappear From Our Lives Within 20 Years (7.4K views)

    Financial Lockdown Is Coming — Are You Prepared? (6.5K views)

  • Median Earnings by Age and Sex — How Do You Compare?

    Median Earnings by Age and Sex — How Do You Compare?

    Are you ahead or behind?

    Photo by Arlington Research on Unsplash

    I managed to reach financial independence at age 50. One method I used to help me get there was to compare myself to others. If I was ahead, all was well. If I was dropping behind it meant I needed to either change course or work harder.

    I previously wrote about average net worth, as that is my main way to compare myself with others. However, it’s also important to compare your earnings. If you’re making below average, maybe now’s the time to try to get a better job or spend some time gaining new skills.

    One point to note about these figures is that they are median earnings not average earnings.

    If you’re not sure of the difference, here’s my explanation from a previous article:

    Average net worth is calculated by adding up the net worth of everyone and then dividing by the number of people. For example, suppose you have 3 people with a net worth of $85,000, $100,000, and $1,000,000. The total of $1,185,000 is divided by 3 to give an average net worth of $395,000.

    What you’ll notice from this is that one person with a huge net worth can distort the figures. If you’re the one with a net worth of $100,000 you might not feel great if you compare yourself to the average.

    The median net worth is simply the middle figure when the net worth of everyone is placed in order from lowest to highest. In the above example, it’s $100,000. If you’re the one with $100,000 you’ll probably feel good about it, as half the people have less than you and half have more.

    The data for this article is taken from the U. S. Bureau of Labor Statistics. The data is for the second quarter of 2021.

    Note that this data only covers full-time wage and salary workers. Many people are either unemployed or working part-time. This data does not include them.

    Age 16–19

    As you would expect, workers in this age group have the lowest median earnings. They are fresh out of school, with limited skills and experience. Many may only be working summer jobs. Median earnings for this group are $555 per week. Men make $595, while women make $501.

    Annual median earnings: $28,860

    Men: $30,940

    Women: $26,052 (15.8% lower than men)

    Age 20–24

    This is the age range that college graduates join the job market. They tend to earn more than the average worker. Median earnings for this group are $633 per week. Men make $656, while women make $613.

    Annual median earnings: $32,916

    Men: $34,112

    Women: $31,876 (6.6% lower than men)

    Age 25–34

    At this time of life, workers are gaining more skills and experience. They are also climbing the corporate ladder which leads to higher salaries. Median earnings for this group are $928 per week. Men make $961, while women make $886.

    Annual median earnings: $48,256

    Men: $49,972

    Women: $46,072 (7.8% lower than men)

    Age 35–44

    This is the age group that is almost at peak earnings. Median earnings for this group are $1,119 per week. Men make $1,242, while women make $968.

    Annual median earnings: $58,188

    Men: $64,584

    Women: $50,336 (22% lower than men)

    Age 45–54

    This is the age group that has the highest median earnings. However, it’s not much different from either the 25–34 or 55–64 age groups. Median earnings for this group are $1,134 per week. Men make $1,279, while women make $985.

    Annual median earnings: $58,968

    Men: $66,508

    Women: $51,220 (23% lower than men)

    Age 55–64

    This is the age group earnings slow down slightly. Workers at this stage of life are coming towards the end of their working lives. Median earnings for this group are $1,130 per week. Men make $1,246, while women make $973.

    Annual median earnings: $58,760

    Men: $64,792

    Women: $50,596 (21.9% lower than men)

    Age 65 and over

    For this age group, earnings drop slightly. The more well-off workers have likely left the workforce. Those that remain are more likely to be lower-paid and are often working because they don’t have enough saved for retirement. Median earnings for this group are $989 per week. Men make $1,141, while women make $816.

    Annual median earnings: $51,428

    Men: $59,332

    Women: $42,432 (28.5% lower than men)

    Women over 65 earn 28.5% less than men in the same age group.


    Main Takeaways

    • The most startling point that stands out for me is how much less women earn than men. While women only earn 6.6% less than men in the 20-24 age group, this gap widens for almost every subsequent age group. Women over 65 earn 28.5% less than men in the same age group.
    • For both men and women, median earnings reach their peak in the 45–54 age group.
    • Earnings still hold up very well for the over 65 age group. They are only down 11.6% from the peak years of 45–54.

    Ways to improve your income and wealth

    As mentioned earlier, the above data only includes wages and salaries for full-time workers. These workers could be earning extra money elsewhere, as well as building their wealth.

    The above is just an earnings snapshot from one quarter.

    To improve your financial situation you could do the following:

    • Take extra classes to gain more marketable skills.
    • Apply for jobs with higher wages. Moving jobs every few years can help with this.
    • Start some side hustles. This is a fantastic way to increase both your income and wealth.
    • Invest from an early age. This will pay off big later in life.

    Related Articles

    If you enjoyed reading this article, you will love these:

    Average Net Worth By Age — How Do You Compare?

    Average Net Worth by Country — How Do You Compare?

    Is College Really Worth It? What Does The Data Say?

  • 5 Things You Need to Give Up to Become Wealthy

    5 Things You Need to Give Up to Become Wealthy

    Keeping them can seriously hold you back in life

    Photo by <a href="https://unsplash.com/@visualsbyroyalz?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText">Anastase Maragos</a> on <a href="https://unsplash.com/s/photos/wealthy?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText">Unsplash</a>
    Photo by Anastase Maragos on Unsplash

    Most of us would like to become wealthy and are constantly searching for that elusive thing that will make it happen. However, I’ve found that wealth appears when we take negatives away rather than add positives. If you have these 5 negative things in your life, you’re unlikely to become wealthy, no matter what positives you add.

    Give up these 5 things and see the magic happen.

    #1 — Give up your negative attitude

    Having a negative attitude affected me badly when I was younger. It was instrumental in me wasting my early 20s. If you look at people that have a negative attitude, it’s clear to see that they’re an unhappy bunch.

    When you meet positive people, the difference is like day and night. Unfortunately, I used to hang around with negative friends. That led to me also developing a negative attitude.

    It was a girlfriend I had at the time that made me realize that getting rid of my negative attitude was something I needed to do. It was one of the best changes I ever made.

    Give up your negative attitude, and you won’t regret it.

    #2 — Give up blaming others

    This was another bad trait I had in my younger days. Nothing was my fault. It was everyone else that was to blame. The problem with blaming others is that your life will never improve. You need to take responsibility for your own actions.

    I have an acquaintance who’s unemployed. He blames the government for this. If he’d only look around, he’d see that 95% of people are employed despite living under the same government. He doesn’t make any real effort to find a job because he thinks someone else is to blame.

    Whenever you think about blaming someone else for a situation, honestly ask yourself how you might have helped cause the problem. Whatever it is, we usually need to take at least some of the blame.

    #3 — Give up resisting change

    The world is constantly changing and will always do so. Trying to hold back change makes people incredibly unhappy. Unhappy people don’t tend to build wealth. A better option is to embrace change. Look for the positive in all the changes that are happening around you.

    Nothing lasts forever, so change is inevitable. Imagine how sad the world would be if it never changed.

    When change happens, opportunities appear. It’s from these opportunities that wealth is built. When one door closes, another one opens.

    #4 — Give up your excuses

    This is a major negative for many people. Whatever they want in life, they have a ready-made excuse for why they can’t have it. If you have excuses for why you’ll never be wealthy, you never will be.

    I’m sure you hear these excuses often:

    • I’d love to go to the gym but I’m too busy
    • I’d love to write 2 articles a day but I have children to look after
    • I’d love to start a business, but I don’t have enough money to start one

    I’m sure you can add a few of your own favorite excuses. If you want something in life, find a way to get it. Stop making excuses.

    • Busy people go to the gym
    • People with children write articles every day
    • People that don’t have money start businesses

    #5 — Give up looking at your past

    Many people look at their past and feel a sense of melancholy for what they perceive as better times. This leads to them feeling depressed and unhappy with their lives. If you can’t get over your past, you won’t be able to move forward and build wealth.

    If this is you, a better option is to start living in the present and planning for the future. Look around you. You have plenty to be grateful for. Maybe you could start a daily gratitude journal to help you see these positives.

    If you’re alive, that’s already one major positive in your life.

    Thinking about your terrible life in the past will make you feel stuck and unable to move forward. This was me in my early 20s. I changed by setting goals for a better future life. Working towards those goals meant that my past slipped away into a vague memory.

  • My Stories in Publications Have 50% Higher Views

    My Stories in Publications Have 50% Higher Views

    I might no longer self-publish articles

    Photo by Campaign Creators on Unsplash

    I have often wondered whether it’s better to self-publish stories or submit them to a publication. I always leaned towards publications, as logic dictated that those stories should get a higher number of views.

    At the end of May, I self-published a story about 9 things that will disappear from our lives. I was shocked to see it becoming my third most-viewed story of all time.

    Did that mean that self-publishing wasn’t as bad as I’d thought it was? After all, I’ve seen some writers do very well with self-publishing. But that doesn’t mean they couldn’t have done even better if they submitted their stories to publications instead.

    So, as usual, I decided to dig through the data.

    Before I do that, I should warn you that the data has many deficiencies. This is not perfect data and it’s not meant to be a scientific study. So there’s no need for anyone to write an article about the deficiencies.

    Data Deficiencies

    • The sample size is too small to be statistically significant.
    • The sample is from one writer.
    • The self-published stories are often different topics from what I usually write about, so may have fewer views simply because they’re not what my followers want to read.
    • Some of the stories counted as self-published were originally published in Coffee Times. So the data is really Self-published + Coffee Times vs. Other Publications. I’m too lazy to look through all 59 stories to see if they have the Coffee Times tag.
    • I consider quite a few of the self-published stories to be my worst ones, which means they deserve fewer views.
    • Not all publications are equal.
    • There are likely other deficiencies.

    Take this for what it is. It’s one writers data from 384 stories. Take it or leave it.

    The Data

    Out of 384 stories published between 30 October 2021 and 12 August 2022 they were split as follows:

    • 325 were published in publications (85%)
    • 59 were self-published (15%)
    • 12 out of my 50 most-viewed stories were self-published (12%)
    • 17 out of my 50 least-viewed stories were self-published (34%)
    • Self-published stories received an average of 359 views
    • Stories in publications received an average of 539 views
    • Stories in publications got 50% more views per story

    On the face of it, the data shows that I should be publishing my stories in publications.

    I don’t think the outcome is clear-cut though, due to the deficiencies mentioned above.

    There are also a few outliers in that data that are capable of substantially changing the results. I think these are more likely to make self-publication seem even worse though. That’s my gut feeling.

    For now, I will probably restrict myself to publishing in publications. One of the reasons I sometimes self-publish is so that I don’t have to wait for my stories to get published. I don’t think that is a good enough reason to do it. Instead, I should plan my story schedule more efficiently.

    If I know that certain publications take a few days to publish, I should build that into my system.


    Have you analyzed your data to see if your get higher or lower views from self-published articles?


    In a future article, I will compare my story views across the different publications I’ve submitted my stories to. I need to be submitting stories to the publications that give me the best chance of getting more views.

    I already have a sense that some publications aren’t working as well as they used to. I’ve been more than a little lazy when it comes to searching for new publications that may suit my writing better.

    I also have plans to do an in-depth analysis on 20–30 suitable publications that I can use going forward.

  • This One Medium Trick Boosted My Views by 100%

    This One Medium Trick Boosted My Views by 100%

    It could also work for you!

    Photo by ammiel jr on Unsplash

    The main trick to getting views and reads on Medium is to write great stories that have great headlines. If you don’t get that right, the other tricks won’t work so well. Work on that first if you haven’t already.

    Doubling your views from 1,000 to 2,000 a day is a totally different ballgame than going from 10 to 20 views a day. You need to get the basics right first. Start with a strong foundation and then build on top of it. That’s how you succeed. After all, building a writing career is like building a house.

    Writing great headlines takes a lot of practice. Put in the work to build those strong foundations. These 14 headline-writing tips will help you.

    Now, let’s get on to the one trick that increased my views by 100%.

    It’s so simple, that anyone can do it. But you have to do it the right way, not the wrong way. I see many people get this wrong. Don’t be one of them.

    So, here goes.

    The ONE TRICK that increased my earnings 100% was to comment on 20-30 stories a day. But remember what I said — do this the right way, not the wrong way.

    Don’t be like some people that just leave a comment saying “Great article” without even bothering to read the story. For this to work, you need to actually read the articles and then leave meaningful comments based on what you read.

    As you might have already realized, this takes some work. If you read 30 articles that are three minutes long and also take a minute to leave a comment on each one, that’s 30 articles x 4 minutes. That’s 120 minutes. That’s 2 hours.

    If you spend another hour writing an article, that’s 3 hours a day. It’s a big time commitment.

    You might not be able to do that every day, but do what you can. If you can only spare an hour a day to comment, do that. Don’t feel forced to do this every day for 2 hours if you don’t have enough time.

    What commenting does

    • It alerts other readers and writers to the fact you actually exist. They may never have heard of you, but now they have. They may go take a look at your profile, read a few of your stories, follow you, or even subscribe to get emails from you.
    • By leaving meaningful comments, you’ll also stand out from other commenters who often don’t put much effort into their comments.
    • You’ll start to find like-minded readers and writers that you can build friendships with.
    • All the above means you’ll get more engagement. The algorithm, which many hate, will notice the increased engagement and start showing your stories more often.

    Show the algorithm some love

    The algorithm is not something to be hated. You should love it. Treat it well and it will show you lots of love in return. Hate it and abuse it, and it will ignore you.

    Don’t blame the algorithm. Improve your writing and engagement so that it notices you.

    The above trick is one way to get the algorithm to like you. Maybe even to love you.

    Now, it’s your turn

    You won’t magically get extra views just because you read this article. You have to put in the work. Consistently.

    Try this and let me know how it goes. It has already worked for others.

  • I’m a Solopreneur but Built My Wealth With My 9–5

    I’m a Solopreneur but Built My Wealth With My 9–5

    A day job is the easiest way for the majority to make money

    Photo by Campaign Creators on Unsplash

    I know it’s very fashionable these days to want to be an entrepreneur or freelancer and not have to work for the man. But you know what, sometimes working for the man is the best option.

    I see so many people out there that could make a nice life for themselves with the right 9–5 job. But what do they do instead? They tinker around with being an entrepreneur, a solopreneur, a freelancer, or a self-employed worker.

    I’m not saying there’s anything wrong with any of those options. I’m a solopreneur myself. I love it. I have recommended it to many people. I also know many others that have made a great success of it.

    But that doesn’t mean it will work for everyone.

    For a start, it depends on what your goals in life are. You do have goals, right? If you don’t, I’d suggest you start there. If you don’t know what your destination is, how can you plan your route?

    If I’m a solopreneur, why did I get a day job?

    The answer is very easy. From my early 30s, my goal was to become financially free as soon as possible. ng, but I don’t want to feel like I have to work. I also have other interests in life and want to have enough time off to pursue them.

    I didn’t strive for financial freedom because I don’t want to work. I like working.

    I started in debt

    With that in mind, I had to figure out a way to get there. I could have become a solopreneur, but I didn’t think that was enough to get me there. I left university with a small amount of debt. I had rent to pay. I didn’t have any side hustles at the time. My only option was to get a job.

    After university, I started as a trainee programmer. The money was good. Those further ahead in their careers were earning excellent money. If they could, then surely I could as well.

    My 9–5 was my strong foundation

    From that point onward, I decided that my 9–5 would be my main vehicle to help get me to my destination. It was the best way I could see at the time to get me to my destination.

    I set aside part of my salary for various investments. These were mainly in property. With this alone, I would have reached financial freedom.

    Once I was comfortably moving ahead, I decided to try to speed up the process by building various side hustles. Some worked very well and some failed spectacularly.

    My various side hustles that accelerated my journey

    I’ve built a successful ecommerce store, helped others build theirs, built countless AdSense websites that I sold on flippa.com, written 8 books, sold flowers (as a 9-year-old), worked as a VA, taken various part-time jobs, run a travel blog, and lots more.

    I’ve also had plenty of time (and money) to travel quite extensively.

    But what if I’d decided not to work for the man?

    I honestly think I’d be living in poverty right now. All the money I made from my side hustles is a small fraction of my main 9–5 income over the years.

    I would have been living no-paycheck-to-no-paycheck. It would have been a terrible experience.

    Stuck in a foreign country with a child and no money — at Christmas time

    I was once a member of a digital nomad Facebook group. I can still clearly remember a story from one woman in the group. She was a single mother that lived in Thailand with her young daughter. She had various freelance gigs that kept her going but she rarely had any spare cash. It sounded like a tough life.

    A few days before Christmas one year, she asked the group if anyone could lend her some money. She had a client that was due to pay her around $500 but was late paying. She thought the client had already left for the holiday period, so she likely wouldn’t be paid until January. She sounded desperate.

    She was broke. She had planned to buy food for the holiday period and presents for her child from the $500 she was owed. Instead, she was broke in a foreign country with a child to look after.

    You may think that is just one person that didn’t plan properly. But you should have seen all the replies she got. They were almost all from people in similar situations. They weren’t as bad as hers, but they didn’t sound great. There wasn’t anyone who seemed to be making a decent living.

    Yet these people had skills that would be valuable to an employer back home. They could have built a great career. But they didn’t want to work for the man. They didn’t want anyone telling them what to do. Working for the man is so bad that they’d rather starve in a foreign country. Seriously!

    This is the attitude that I don’t understand. To me, it just looks like a lack of work ethic mixed in with a selfish attitude.

    I’m not saying that this applies to all solopreneurs. I know people that are pulling in $10,000 to $20,000 a month. They treat their projects like real businesses, which they are. They started them because they made sense. They weren’t running away from a 9–5 job. In fact, almost all of them had successful 9–5 careers before starting their own businesses.

    The point I’m making is that you shouldn’t dismiss a 9–5 job out of hand if all you’ve got to replace it is some part-time work with zero savings. At least build up an emergency fund first. You can’t live on hope. You can’t pay the rent with hope.

    Entrepreneur subreddit

    If you go take a look at the entrepreneur subreddit, you’ll see similar stories. It’s full of (mostly) young men that hate their jobs and want to stick it to the man. They have zero savings and announce that they have just quit their job. They will never work as an employee ever again. It’s not for them. No one understands them, they say.

    You wouldn’t believe how many upvotes a comment like that gets. It seems there are thousands of like-minded young men who think like this. Usually, the person involved is going to sell some print-on-demand t-shirts, cut lawns, or do power-washing. Lord, help them.

    They are back a week or two later asking how they can get their first client. Some are living in their cars. Some are back at their parents’ houses. They are ruining their lives.

    From what I read, it seems almost all of them would do better if they just stuck to their 9–5 job. The mistake they are making is assuming that all 9–5 jobs are just like the bad one they have at the moment. Often, it appears to be the first job they’ve had in their lives.

    Pointing out the obvious

    A few people do point out the obvious, but these people just don’t want to listen. The obvious being that they should look for a better 9–5 job, build a career and build some side hustles alongside their 9–5.

    If any side hustle earns them a full-time salary, maybe they can think about quitting their job. But not before then

    Another point that they miss is that a 9–5 plus a side hustle can get you further ahead on your journey much more quickly. A side hustle on its own is usually the road to ruin for most people.

    If you have zero savings, it’s super stressful to try to earn a full-time salary from day 1. This is what most try to do.

    How can you focus on work when your rent is due, you’re out of food and you have $5 left to your name?

    For me, I managed to reach financial independence because my 9–5 provide a steady income. It was my strong foundation. My side hustles were bonuses that boosted my journey.

    You can move ahead very quickly if you have both.

    You can still move ahead if you have a well-paid 9–5.

    It’s not common for those that refuse to get a 9–5 job to make it with just a few side hustles. I’m not saying it’s impossible. But it’s stacking the odds against you.

    In life, you want the odds to be in your favor. It’s exhausting to keep fighting against the tide. Go with the flow, not against it. If you need a day job to earn a regular salary, just suck it up. We’ve all been there.


    More from me:

    Average Net Worth By Age — How Do You Compare?.

  • Why Do So Many Writers Give Up So Quickly?

    Why Do So Many Writers Give Up So Quickly?

    This just doesn’t happen in other professions

    Photo by Andrea Piacquadio

    I’ve been writing on Medium for just over 9 months so far. As well as writing here, I’m an avid reader. Over the months, I’ve followed hundreds of great new writers. But where are they all? Many have disappeared.

    Every now and then, I realize that I haven’t seen any articles by some of them. I follow them, but they just don’t show up in my feed.

    I then go search for their profiles to see their latest stories.

    But what do I find?

    Usually, I find that about 20% of them have stopped writing. They may have been writing consistently for a few months but then just suddenly stopped.

    It’s possible that some of them are just away on vacation or doing other things, but I’m pretty sure that most have given up. If they’ve been away a week or two, there is often a valid reason. If they’ve been away for over a month, there’s little hope that they’ll be back again.

    Why are writers so fickle?

    One possible reason is that they’re not real writers. They may just be people that thought they could make a quick buck writing. They found out it wasn’t so easy, so gave up.

    Another possible reason is that they have found a better way to make a living. Most writers don’t earn a full-time salary, so who can blame anyone that gives up to pursue a more lucrative job?

    Or is it just that most writers don’t have enough work ethic? I see writers say that they don’t expect instant money, but when they don’t get it, they give up.

    Successful writers

    Most successful writers have spent years learning their craft. They didn’t make it big in a few months. It’s no different from athletes, entrepreneurs, medical professionals, and a host of other people. To build a great career, we have to put in the time and effort to get to the top.

    The vast majority of writers don’t seem willing to do this.

    Another thing I noticed about many new writers is that they aren’t willing to pay to take a writing course. They think they already know it all or think they can learn everything for free. Why is this?

    Imagine you had a medical emergency and found out that your doctor had gained all his knowledge from the internet because he didn’t want to pay for any medical courses. You might end up dead.

    Most successful athletes start training as children. They dedicate their lives to doing what they love.

    Yet many writers give up after a few months.

    I’m not sure why it baffles me so much, but it does.


    If you’re thinking of giving up writing, what’s the reason?

  • 83 Small Lessons From Writing 380 Articles in 9 Months

    83 Small Lessons From Writing 380 Articles in 9 Months

    I wish I had this list before I started

    Photo by Hannah Olinger on Unsplash

    You won’t get any fluff or fillers here, so let’s jump right into the lessons.


    1. Just write and publish. Anything. Congratulations. You’re now a writer.
    2. Don’t overthink how your readers might react. You don’t have any. Yet.
    3. You’re not perfect. You never will be. Get over it.
    4. Practice headline writing. You can thank me later. 14 headline-writing tips.
    5. If you come across some great tips, don’t just read them. Implement them. You won’t improve by just reading them.
    6. Don’t worry about a niche until you’ve written at least 100 articles. It took me longer. No need to rush it.
    7. Experiment with different niches.
    8. Follow the top writers. You can learn a ton from them.
    9. Don’t expect them to follow you back. You’re still a nobody.
    10. Read widely to see what works for other writers and what doesn’t.
    11. Leave meaningful comments. Some top writers will follow you if they enjoy your comments.
    12. Don’t stress if most of your articles get close to zero reads. You’re new here.
    13. Remember the 80-20 rule. 20% of your articles will get 80% of the views.
    14. Also, remember that 80% of your articles will get 20% of the views.
    15. You’ll start to realize that you’ve learned a lot about writing. That means you’re 5% along the journey.
    16. You’ll also realize that the more you learn, the more there is left to learn. It will take you a lifetime. And you still won’t get to the end of the journey.
    17. You’ll make mistakes. Lots of them. Learn and move on. Don’t stress about them. We all make them. We’re human. Apart from the bots.
    18. Don’t get upset if most of your views are external. You need to get known widely, not just on one platform.
    19. But stick to writing on one platform until you’ve mastered it.
    20. Share your work on Facebook, Instagram, Pinterest, LinkedIn, Twitter, or wherever else you think it fits. The more widely shared, the better.
    21. Don’t rush the process. Take one step at a time. Trying to take 5 steps in one go means you’ll fall over. It will slow you down.
    22. Congratulate yourself on each milestone you reach. 10 stories is a milestone. 100 followers is a milestone. Earning $1 is a milestone. Reaching milestones means you’re making progress.
    23. Commit to writing consistently for a year to begin with. You can then take stock and make plans for the next year.
    24. Know that the top writers took years to perfect their craft. It will likely take you a similar length of time.
    25. Don’t expect instant success. You’ll end up disappointed.
    26. Don’t give up too soon.
    27. Publish in smaller publications, to begin with.
    28. Read and follow the submission guidelines for each publication. Editors are busy. They don’t have time to hold your hand.
    29. Treat editors with the utmost respect. Don’t expect them to drop everything just because you submitted an article.
    30. Have some patience. You may not get a reply from editors for days or sometimes weeks. It’s not personal.
    31. Some readers will love your stories. Others will hate them. You can’t please everyone. Don’t even try to.
    32. Help other writers. Build a tribe of readers and writers. Helping each other benefits everyone.
    33. The more you give, the more you receive.
    34. Don’t expect anything in return. Give because you want to give. Don’t give because you’re expecting something in return.
    35. If readers or writers help you, thank them. You will stand out.
    36. Write for your readers not for yourself. No one wants to read your boring journal.
    37. Ask yourself how readers will benefit from your article. If there’s no benefit to anyone, rewrite the story.
    38. Don’t be afraid to be controversial. Controversy pays.
    39. Don’t be controversial just for the sake of it. That’s just annoying.
    40. Take time off from writing. You also need to take care of yourself.
    41. Once you start getting popular, you’ll have haters. That means your articles are provoking a response in your readers. That’s a good thing.
    42. Thank haters for their feedback. Don’t let them draw you into an argument.
    43. Learn the rules of the platform. They’re important.
    44. Don’t engage in follow-for-follow tactics. It’s pointless. Follow other writers whose work you enjoy. Others will follow you if they enjoy your writing.
    45. Don’t be frightened to submit an article to big publications once you’re settled into your writing habit.
    46. Don’t expect automatic views and reads from big publications.
    47. Medium isn’t dead. Despite what some writers claim.
    48. Use tags/topics properly.
    49. Engage with other writers. Clap and comment where appropriate.
    50. Building a writing career is like building a house. It takes planning and time.
    51. Read the curation rules if you want your articles to be curated.
    52. It takes work to earn a living writing. It’s not a get-rich-quick program.
    53. Writing platforms are always changing. Don’t complain. Adapt.
    54. Adapt or die.
    55. It’s possible to make $19,000 from one story. It probably won’t happen for you or me though. It’s also possible to win the lottery jackpot.
    56. Get outside and live your life. You won’t be able to write amazing stories if you don’t have life experience.
    57. Don’t neglect family and friends. Family and friends > writing.
    58. When the going gets tough, double down. Don’t give up.
    59. Check your stats to see what’s working and what’s not. Adjust your strategy based on what you find.
    60. Have a strategy. Don’t just blindly write whatever pops into your head. I plead guilty. I have vowed to change my ways.
    61. Quality matters. Aim for quality in your work.
    62. Sometimes quality doesn’t matter.
    63. Writing is full of contradictions.
    64. It’s a numbers game. The more you publish, the greater your chance of success.
    65. Don’t misinterpret what other writers say. I didn’t say you should write low-quality nonsense.
    66. Don’t make excuses. If you want to become a successful writer, you need to make it a priority in your life.
    67. Don’t get jealous of other writers that are succeeding. Get inspired. Learn from them.
    68. Take a writing course or two. Or three. Or four. I just paid $597 for my second course. Apply yourself and they should pay for themselves.
    69. Get a writing mentor if you can.
    70. Don’t stress if your stories aren’t getting curated. Non-curated stories also earn money.
    71. Eat well. Sleep well. Exercise. Taking care of your body helps you write better.
    72. Keep a notepad handy to write down story ideas. I can guarantee you’ll forget them if you don’t write them down.
    73. Don’t be a perfectionist. There is no such thing as a perfect story.
    74. Write a mixture of short, medium, and long articles. See which works best for both you and your readers.
    75. Don’t write about topics you hate. You will end up hating writing.
    76. Don’t let other writers tell you what to write about. Many will try.
    77. You can earn a great income as a writer if you take the time to learn your craft.
    78. Writing is fun.
    79. It’s easy to become a Top Writer on Medium.
    80. Choose great images for your stories.
    81. The more your write, the better you’ll get.
    82. How do you become a great writer? Practice, practice, practice.
    83. An average writer can earn money writing. You don’t need to be an expert.

    Let me know the favorite lessons you’ve learned so far.

  • Average Net Worth by Country — How Do You Compare?

    Average Net Worth by Country — How Do You Compare?

    Some of these stats really surprised me

    Photo by Steve Johnson on Unsplash
    Photo by Steve Johnson on Unsplash
    I previously wrote a very popular article comparing American average net worth by age. If you’re American and haven’t read it, you may want to read that first, as it’s likely to be more relevant to you. Most of the world’s population isn’t American, though, so the stats in that article may not have been so interesting for those of you that aren’t American. To make up for this, I decided to find out what the average net worth was in other countries around the world. In this article, I will also cover average net worth, median net worth, and the Gini Percentage.

    The difference between average and median net worth

    For those that aren’t sure what the difference between these two definitions is, this is what I wrote in the article mentioned above.
    Average net worth is calculated by adding up the net worth of everyone and then dividing by the number of people. For example, suppose you have 3 people with a net worth of $85,000, $100,000, and $1,000,000. The total of $1,185,000 is divided by 3 to give an average net worth of $395,000.
    What you’ll notice from this is that one person with a huge net worth can distort the figures. If you’re the one with a net worth of $100,000 you might not feel great if you compare yourself to the average.
    The median net worth is simply the middle figure when the net worth of everyone is placed in order from lowest to highest. In the above example, it’s $100,000. If you’re the one with $100,000 you’ll probably feel good about it, as half the people have less than you and half have more.
    In America, the average net worth is $748,000, yet the median net worth is only $121,700.

    What is the Gini Percentage?

    According to Wikipedia, the Gini % is:
    Higher Gini coefficients signify greater inequality in wealth distribution, with 0 being complete equality, whereas a value near 100% can arise in a situation where everybody has zero wealth except a very small minority.

    Are Americans the richest in the world?

    I think everyone knows that the US is currently the richest country in the world. But does it follow that the American people are the richest? The short answer is no, but it’s more complicated than that. If we look at the average per capita net worth around the world, we’ll see that it’s the people of Switzerland that are the richest in the world. As of 2021, the per capita net worth in Switzerland is $673,962. In the US, the figure is $505,421. Americans are the second richest in the world based on these figures. Note that these figures are taken from Wikipedia. It’s incredibly difficult to come up with perfect figures for a country’s net worth. You’ll see different figures quoted in different places. It depends on what data was used and how accurate that data is. Perfectly accurate data exists, so we have to work with what we have. In my previous article, which I quoted from above, US average net worth was shown as $748,000. The Wikipedia data shows the average net worth as $505,421. That’s a big difference. As we’re comparing countries here, it’s best to stick with one set of data. Note that this data covers 168 countries. This is because the data for other countries wasn’t reliable enough to be included. The Wikipedia article has a separate section for them that includes estimated figures.

    Top 10 countries by average net worth

    1. Switzerland $673,962
    2. United States $505,421
    3. Hong Kong $503,335
    4. Australia $483,755
    5. Luxembourg $477,306
    6. Netherlands $377,092
    7. Denmark $376,069
    8. Belgium $351,327
    9. New Zealand $348,198
    10. Iceland $337,787

    Top 10 countries by median net worth

    1. Luxembourg $259,899
    2. Australia $238,072
    3. Iceland $231,462
    4. Belgium $230,548
    5. Hong Kong $173,768
    6. New Zealand $171,624
    7. Denmark $165,622
    8. Switzerland $146,733
    9. Netherlands $136,105
    10. France $133,559
    You may notice a very interesting fact about the above. The countries that are in the top 10 by average net worth are also in the top 10 by median net worth. Except for one country. The US has been replaced by France in the second list. Why is that? It’s because the US is a very unequal country. As a non-American, this surprised me. I knew there was inequality there but didn’t realize that it was as bad as it is. This is where the Gini % comes into play.

    Most and least equal countries in the world

    According to Wikipedia, the country with the most equality in the world is Slovakia. It was a Gini % of 50.3. Its average net worth of $68,059, so not very different from its median net worth of $45,853. Wealth is spread quite evenly across the population. The country with the most inequality is Brunei, with a Gini % of 91.6. The average net worth is $39,098, compared to a median net worth of $5,122. You can see that there’s a huge difference.
    The US has a Gini % of 85, which makes it the 24th in the world for inequality.
    The US has an average net worth of $505,421, but a median net worth of only $79,274. If you’re American and have a net worth of $79,274, you likely feel pretty badly off when compared to the average. But you’re right in the middle. 50% of the population have less than you, and 50% have more than you. So you’re doing ok. When it comes to median net worth, the US is in position 26 out of 168. I’m British. The UK has a Gini % of 71.7, which isn’t too bad. It has an average net worth of $290,754, with a median net worth of $131,522. Many British people complain about the inequality, but it could be much worse. The UK is the 37th best in the world for equality.

    Bottom 10 countries by average net worth

    Prepare yourselves. These figures are truly shocking for people in first-world countries. If you ever complain about how bad things are, come back and look at these figures.
    1. Burundi $728
    2. Haiti $767
    3. Central African Republic $840
    4. Sierra Leone $995
    5. Mozambique $1,003
    6. Sudan $1,014
    7. Chad $1,117
    8. Lesotho $1,226
    9. DR Congo $1,240
    10. Niger $1,287
    No, these are not typos. The average net worth in Burundi is just $728. The median net worth is $281. Let me spell that out for you. 50% of people in Burundi have less than $281 in total wealth. If you have a job earning $10 an hour, you will earn more in 30 hours than half of the population of Burundi have in net worth. Maybe it’s time to show some gratitude for what we have instead of complaining about what we don’t have.
    I hope you found this data interesting and informative. I certainly did. You can check your home country stats on Wikipedia.

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