The first obvious step is to find a niche. While it is possible to have a general interest blog, it may not be as profitable as targeting a specific subject (click here to read logic behind targeted advertising).

Once you settled on a subject you like, its time to set up your blog. Blogger.com is great for beginners. Not only is it free (and free of ads, unlike most free hosting services), it has integrated support for AdSense (more on this later). For now, pick a suitable but catchy name and choose one of pre-made designs.

Of course, now you have to start making posts to your blog. There are two main types of posts. The most common type of content on blogs seems to be commentary plus a link to actual news source or website of interest. Then there are original content posts which will have others link to you (much like you do in your commentary posts). Either way, make sure its interesting to have readers coming back.

I could not understand how she and her husband were able to afford a $500,000 new house while I was barely paying $950.00 rent in my 2br-2ba apartment. I mean they had mentioned investments and an adjustable rate mortgage but I wasn’t paying attention. Who makes investments while living in an apartment complex.

I remember when it all started. Matt, my best friend’s husband purchased a book called “Missed Fortunes” by Douglas Andrews. The book talked about using equity in your home to become wealthy. I didn’t have a mortgage. The book was big so I put it down within minutes of Matt giving me a copy.

Matt, however, read book day and night, on his breaks at work, at lunch and in evening. Then he bought another book by Robert Kiosaki and started reading all over again telling me I needed to get a home-based business to decrease my tax liability and make money. Oh no, not that MLM thing, I thought. Over next few months, I watched them smiling, planning running their business over Internet.

I hated Pam today as much as I did when she went to weight-watchers without me and lost 30 lbs (of ugly fat). Can you believe that? I was really jealous. When their business started making a little money, Pam did not want to go shopping at mall anymore. Pam told me she was using money to form a LLC with some other friends they had met at a business seminar.