Monetizing your site should not be on your mind right now. You really need to first create some content so people have some reason to go there. A good second step would be to spend some time on the sites appearance.
I'm not trying to be cruel, but your sites appearance and layout are about as bad as it gets. Even a Front-Page theme would be an improvement. You could have the best content in the world and you would still loose most of viewers if they have a bad first impression when seeing the site.
If people don't have content to look at, they won't come back, and your site will die. If they don't get a good first impression when arriving at the site, they may not even stick around long enough to view what brought them there in the first place. Focus your attention on these things for a month, then perhaps you can start to think about throwing an AdSense block or two into the layout.
Probably not what you wanted to hear, but you did ask for a critique. Making money from your site is LOTS of hard work, and you've got lots of work ahead of you before you'll see your first dollar roll in, and it will likely be many months before you earn enough to even get your first check, so be prepared for the long haul.
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