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Nope.
During the recession I was completely unemployed. Every morning I would wake up, buy two domain names, have my host install them, and then update some of the older blogs. By lunchtime the new blogs were installed and I would write twenty posts to each of the two new blogs. I lost track of how many blogs I had. I used to make enough money to cover my mortgage. But every month I started making less and less... I am down to about eight, one of which I update daily just for fun, the rest once a week.
I make about $300/month. I am not putting much effort into them.
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