In Two Voices Sending Me in Different Directions, I mentionned my unhappiness with how much time I was spending "making" money online versus other perhaps more substantial business ideas. I wasn't quite ready to say all make-money-online ideas are scams, worthless wastes-of-time, BUT... I felt I had gotten suckered into devoting more time to them than I should.
And then it hit me. I need to budget my time. I want to invest some time in my blog and websites, because I hope that I might end up with a passive income stream, even if it's a small one. BUT... I can't spend all my "free" time on the online-money-making activities. I realized I spend time even more irresponsibly than I spend money. I tend to apply the simple test of "Do I want to spend time on this?" and answer yes or no. If the answer is yes, then I go off at the first available moment.
If I were to take the same approach spending my money at the store, it would be the equivalent of going along buying clothes and books and gifts for my family, only to end up with no money leftover for food. How dumb can I be?
So I'm determined to set up a budget for my online activities. A simple number of hours a week that I can spend and then chop that up into blog time, website maintenance and promotional activities. My first step was to actually see how long does it take me to add a blog entry? Today as I'm typing I've got a timer running. It now reads 9 minutes and 21 seconds. I have to hit save, so I'll round it up -- 10 minutes to post a blog entry (where I know what I want to say already).
It's a first step!