Financial Writing Goals

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It can feel a little icky to have writing goals that involve money. Most of the goals I’ve created over the years have been about words per day, books completed, or projects undertaken. In other words, purely artistic goals. But the truth is one of the unspoken, pie in the sky, long term goals of mine is to be able to live off the writing, or at the very least have the writing make things easier.

This year I have two main goals or mantras:

  1. Earn more than $500 (net) from writing.
  2. The writing funds the writing.

Goal 1 is about breaking out of the bottom third of author yearly earnings (according to The Guardian in 2015). It’s not a huge amount of money in the grand scheme, and the hourly rate is abysmal, but it’s a start. Four months in, this looks like an attainable goal, particularly if I can get some work selling shorter pieces.

Goal 2 is about investing in the business side. Selling books to a bookstore funds buying another order of books. Selling coloring books funds research material for my next book. Amazon profits go to buying writing supplies and notebooks. This goal is not strictly fenced in by any means (I’ve raised nearly $90 toward the writing just by selling things I no longer need), but it is a broad principle intended to keep expenses in check. Keeping the cost of writing a book below the money earned from it would be a great place to be (it took the first fractal book at least a year to reach this point).

Both of these goals drive writing and creative decisions throughout the year. Over the weekend I created a short story to submit to a magazine, which in turn might drive some people toward the universe of Surreality. I’ve subscribed to a number of Facebook groups that show listings for paid articles and am working up some submissions. This feeds the artistic side in that it demands versatility, requires the ability to get work done in a timely fashion, and keeps the brain creative and from getting into ruts. In other words, money goals can drive creative goals.

I won’t be hugely disappointed if these goals are not strictly met. Just shooting for them puts me into places I might not have tried without them. And earning some money makes this feel more like a profession, and less like a hobby.

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