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Monthly Passive Income Crosses $2,000 Mark!

I’ve finally broken the $2,000/month in passive income! Passive income for February 2008 was $2,383.55. Not bad considering I wasn’t even in the country!

Here’s the breakdown:

  • Online Income: $$1399.29
  • Savings Accounts: $138.43
  • Real Estate Trust Deed: $0
  • Direct Oil Drilling Investment: $277
  • Dividends from Canroys: $509.11
  • Other Dividends: $59.72

As usual, I ignored any income from Prosper loans. I did however include the $100 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 still offering a $25 incentive to new members.

Canadian government takes its 15% tax on the dividends from Canroys, so the income is after-tax. You get a tax credit for this amount in the US so there’s no double taxation.

I’m also getting affiliate referral income from Linkworth.com. For every person that signs up, they give 5% of the income they earn for life! The $200 that I got in February was actually the income I earned in January. For February, I’ve actually earned $410.98, of which most of it is referrral income. But since I won’t get paid until March, I’m going to count that next month. Linkworth will probably be the largest income stream next month. Its a great way to boost your site’s revenue.

The Kontera income dropped 44% from last month. I haven’t spent much time analyzing that so I’m not sure what happend. Overall traffic is up so I’d expect the kontera revenue to also increase, but the opposite occurred. I guess it is correlated with the type of posts. I’ve seen that posts related to gold do very well for PayPerClick advertising.

As I mentioned last month, my real estate trust deed has defaulted. Luckily, the oil drilling programs have started to kick-in and have almost replaced that income.

Overall, I’m quite pleased with the results. Hopefully, I’ll be able to break the $3,000/month barrier pretty soon.

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

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27 Responses to “Monthly Passive Income Crosses $2,000 Mark!”

  1. Congrats on the 2k mark. Big achievement indeed!

    Question: What are you doing w/ all those dividends? Depending upon your age, dividends might not be the best way to go. How much of your profits do you roll into equities?

    Just curious

  2. Living Off Dividends Says:

    Most of the dividends are re-invested using DRIP.

  3. As we seem to be at the beginning to some rough economic times, do you have plans to shift your investments? Or are you planning on staying the course.

  4. Congratulation on your achievement!! Keep going and thank you for inspiring others.

  5. Living Off Dividends Says:

    a majority of my stock investments are in oil/gas/gold.

    i don’t expect these to be adversely affected in the long run.

  6. Found your site via MEMWG’s OPAD challenge :)
    Interesting blog — I’m fascinated by the fact that your investments are mostly in commodities. I’ll keep an eye on your posts through your feeds.
    Coincidentally, I hope you can reconsider serving your feeds in full form instead of just excerpts, but that’s just my 1 cent!

  7. Congrats! Keep up the good work!

  8. Congrats. You must be seeing some good traffic to be getting that much from adsense, or your placement is just that good. Either way, congrats. Not to mention this was from the shortest month…

  9. $2000 a month in passive income…a real milestone. What’s your ultimate goal?

  10. [...] I love posts about people’s passive income – check out Living Off Dividend’s post on Monthly Passive Income Crosses $2,000 Mark! [...]

  11. Famiy Cash Flow Says:

    Way to go on the milestone! I am new to your blog, but am wondering the reason why you don’t include your interest from your prosper loans in your monthly totals? Is it because you spend time bidding on loans or is there another reason? I am an active prosper lender as well starting in Jan. 2008. I actually submitted my first loan request to prosper to re-invest. I wanted to know your take on all the people who take out loans on prosper to re-invest into prosper? I crunched the numbers and it just didn’t add up for me. I am planning on taking my loan ($1,000) and investing in some high yielding dividend stocks.

  12. Living Off Dividends Says:

    Why don’t I add prosper returns?

    because it usually takes them a week to send the previous month’s statement and I’ve already posted the results by then.

    I could go back and add them in, but that changes the whole total and I’d have to recalculate everything.Too much effort for $35!

    I never lend money to people wanted to re-lend it on prosper. If you don’t have money to begin with, you shouldn’t be lending it out.

    If their loans default, how are they going to repay me?

  13. Congratulations! I am impressed with the amount of online income you are generating. Here’s hoping the next 2k will come even quicker.

    Best Wishes,
    D4L

  14. [...] Off Dividends is happy that his passive income has passed $2000 per month. Way to [...]

  15. [...] Living Off Dividends’ passive income has passed $2000 per month. [...]

  16. So, why not add the money in the next month’s income set? It’s okay to do that!

    That way you get a better statement of your income.

    Kenneth

  17. [...] OFF DIVIDENDS presents Monthly Passive Income Crosses $2,000 Mark! posted at LIVING OFF DIVIDENDS, saying, “I finally broke the $2,000/month last month and [...]

  18. 16th Carnival of Making REAL Money: March 10th 2008…

    Welcome to the March 10, 2008 edition of carnival of making real money. Some how out of 66 submissions, I was able to find only 16 that I thought were appropriate for this carnival. So without further ado, I present these in the carnival… Thanks …

  19. Hey, grats on the passive income. Also, thanks for stopping by to read my blog. You comment, I follow…

    I’m surprised how much you make from Adsense and Kontera…do you just have massive amounts of traffic? Keep it up!

  20. Living Off Dividends Says:

    Hi James,

    Yes I do get pretty significant traffic. its over 50,000 pagesviews per month for this site, but I do have a few other sites that are included in this total.

    Linkworth is set to become my largest income producer next month! Strongly suggest you check it out.

  21. [...] LIVING OFF DIVIDENDS reaches his passive income goals with Monthly Passive Income Crosses $2,000 Mark! [...]

  22. I found you from the Financial Goals carnival. WOW.. great milestone. Congrats.

  23. Hello,

    Great information, fantastic article. You know what makes your site so much better then the one million want-to-bes out there.

    a) you know what you are talking about
    b) you back it up with actual figures
    c) you provide relevant, new, novel information and ways at looking at this emerging field.

    This is a well thought out strategy, and could be replicated by the right person if the find the right niche site at the right time.

    Manish Kapoor

  24. [...] OFF DIVIDENDS presents Monthly Passive Income Crosses $2,000 Mark! posted at LIVING OFF DIVIDENDS, saying, “I finally broke the $2,000/month last month and [...]

  25. [...] Living Off Dividends presents Monthly Passive Income Crosses $2,000 Mark! [...]

  26. $2,000/Month is really a great achievement…way to go buddy.

  27. Just wondering, would you consider the adsense income still passive if you were writing in your blog for that month? In other words, is passive truly passive where you don’t have to do anything? Or, are you referring to income other than your normal job?

    Just wanted to clarify. I consider passive as having to do absolutely nothing for the money. Hence, even my couple rental properties aren’t passive if i have to field an e-mail and send someone to fix the electricity :) But, on the months when i have to do nothing and just collect the check, which is usually 20 months out of 21, then yes, it’s passive.

    My CDs are also what I consider passive. At this time it’s only about $1,200/month in interest income but I’m working on building the nut larger!

    Rgds,

    RB

    Rich By 30 Retire By 40

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