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$1921.11 In Passive Income For December ‘07!

My Passive income for December 2007 was $1,921.11.

Here’s the breakdown:

  • Online Income: $568.55
  • Savings Accounts: $128.47
  • Real Estate Trust Deed: $300
  • Direct Oil Drilling Investment: $163
  • Dividends from Canroys: $499.21
  • Other Dividends: $261.88

As usual, I ignored any income from Prosper loans. I did however include the $75 in referrals fees. If you’ve been thinking of lending or borrowing money on Prosper, now is a good time to do it. They’re offering a $25 incentive to new members.

Adsense revenue was down from last month, but since I wasn’t posting often due to my traveling, that was to be expected. Hopefully I can boost my online revenue this year. Once I’m done traveling, I should be able to focus more on this.

Traffic to the site has been increasing steadily every month, but until Google assigns it a pagerank I probably won’t get any direct sponsors.

The US Dollar has also strengthened against the Loonie in the past 6 weeks, so this has reduced the payout from my Canadian Royalty Funds. But I expect this trend to reverse and the dollar will continue weakening this year. On the other hand, I’m re-investing the dividends and so the number of shares and resulting dividends are slowly increasing.

I also expect interest rates to drop from the current 4%+ range to under 3% in 2008. But its only 6.6% of my passive income so that shouldn’t make too much of a difference.

The good thing is that the income is diversified across various investment classes and there are over 20 income streams. The largest source is the real estate trust deed which represents 15.6% of this month’s passive income. Even if the 4 largest income producers dry-up, I’m still going to be getting $1,200 per month. This is the best thing about having multiple streams of income.

Hopefully I’ll be able to cross the $2,000 mark soon and the $3,000 mark this year. (If the dollar becomes extremely weak against the Loonie, that’ll be much easier to achieve, but I hope the dollar doesn’t tank. Of course, unless Bernanke increases the interest rates, the dollar will not strengthen ).

If you found this post helpful, consider donating to my coffee fund!

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21 Responses to “$1921.11 In Passive Income For December ‘07!”

  1. Heya, i had a nice time reading your site..agreed that gold is the asset to buy now. i run a blog about investing in singapore companies, - stocks are getting slaughtered here too - and would like to exchange links with ya

  2. What is the story with the page rank? My site had one appear last week. It is a relatively new site and I’ve noted some larger and older sites haven’t received a rank.

    Best Wishes,
    D4L

  3. Living Off Dividends Says:

    actually it seems like I just rec’d a PR 3.

  4. It seems to me that your passive income has increased from November. Keep on rocking!

  5. Hey, you might want to check out Lending Club’s referral program as well. It pays up to $50 per referral and I’ve had higher conversion rates with it. Anyway, just a tip. Nice income stream man!

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  14. Is AdSense revenue really considered “passive”? Since you have to produce content to drive it, that seems more like active income to me.

  15. Living Off Dividends Says:

    you’re right, its not really passive. but it income that is geographically independent and doesn’t require me physical presence. Plus its somewhat recurring. That’s why I’m clubbing it with passive income.

  16. i’d be interested in seeing a top 10 favourite book list of yours.. specifically related to passive income content.. i’m fascinated by the passive income movement that seems to be popular at the moment.. spearheaded perhaps by writers like Tim Ferriss??

  17. I’ve been buying the dividend stock PWE. I read on the company website, that if you DRIP they knock %5 off the price as well.

  18. Living Off Dividends Says:

    Hi Working 925,

    here’s my list of favorite books.

  19. Hey there, I was just stumbling upon your page when looking into CANROYs. It’s great to hear about your passive income and how well you’re doing so far.

    I was curious about the Harvest Energy Trust HTE on the TSX. Sorry if this is a stupid question, but are dividends still given out if I invest in the TSX version of the HTE?

    Thanks!

  20. Living Off Dividends Says:

    yes they are. you might want to split your invest between HTE and ERF.

  21. I think ERF is a better investment than HTE. In Canada, you can “Drip” ERF.UN for free but in order to “Drip” HTE.UN you need a $5000 minimum optional cash payment and certified cheques.

    ERF.UN has been around much longer than HTE.UN and might continue to last through the 2011 changes.

    More funds invest more in ERF.UN than Harvest.

    Just some random thoughts.

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