I was sixty-four years old before I was able to write full-time and I don’t make enough money off my writing to support myself solely on my writing income. I required having multiple streams of income to achieve this goal. It also took my being debt free.
Even with my simple lifestyle, my combined earnings from my writing income, interest received on savings, and earnings from a 403B, my income is about what an hourly employee at a big box store earns. I am only able to write full-time through frugality, lack of debt, and a very modest lifestyle.
I have been writing full-time for twelve months. The plus is I have earned money from my writing every month. The minus is the monthly income from just writing has never made me four figures in a month. It helped that I understood the business, have been writing and regularly publishing since 1981, and had multiple books and articles published.
The late Ray Bradbury was one of the first who said don’t plan on making money writing. Bradbury and his wife, who “took a vow of poverty” to marry him, hit thirty-seven years old before they could afford a car. For years he sold newspapers on the street corner to get enough money to pay the rent. He even used a pay typewriter in the UCLA library that charged him twenty-five cents per thirty minutes of writing before he earned enough money to buy his own.
You can be a working writer and earn a modest income. According to BookScan, the average U.S. book is now selling less than 250 copies per year and less than 3,000 copies over its lifetime. With average royalties that’s less than $5,000 a year for a book and less than $60,000 over a book’s lifetime for an Indie author, you cannot survive on just that income. The earnings figure is significantly less for traditionally published authors.
You can see detailed information on author earnings at Author Earnings.
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