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
- Adsense: $416.22
- Linkworth: $221.99
- TLA: $95.87
- Kontera: $51.36
- Affiliate: $83.85
- Prosper Referrals: $100
- Direct Ads: $430
- 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.
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March 5th, 2008 at 8:39 am
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
March 5th, 2008 at 9:01 am
Most of the dividends are re-invested using DRIP.
March 5th, 2008 at 9:44 am
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.
March 5th, 2008 at 10:38 am
Congratulation on your achievement!! Keep going and thank you for inspiring others.
March 5th, 2008 at 11:26 am
a majority of my stock investments are in oil/gas/gold.
i don’t expect these to be adversely affected in the long run.
March 5th, 2008 at 11:13 pm
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!
March 6th, 2008 at 5:12 am
Congrats! Keep up the good work!
March 6th, 2008 at 7:34 am
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…
March 7th, 2008 at 5:41 am
$2000 a month in passive income…a real milestone. What’s your ultimate goal?
March 7th, 2008 at 7:34 am
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March 7th, 2008 at 9:23 am
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.
March 7th, 2008 at 9:40 am
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?
March 8th, 2008 at 1:39 pm
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
March 9th, 2008 at 6:15 pm
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March 10th, 2008 at 7:02 am
[...] Living Off Dividends’ passive income has passed $2000 per month. [...]
March 10th, 2008 at 7:25 am
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
March 10th, 2008 at 8:04 am
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March 10th, 2008 at 8:09 am
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 …
March 11th, 2008 at 9:24 am
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!
March 11th, 2008 at 9:37 am
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.
April 4th, 2008 at 2:05 am
[...] LIVING OFF DIVIDENDS reaches his passive income goals with Monthly Passive Income Crosses $2,000 Mark! [...]
April 4th, 2008 at 6:50 am
I found you from the Financial Goals carnival. WOW.. great milestone. Congrats.
August 13th, 2008 at 7:10 am
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
September 26th, 2008 at 11:57 pm
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February 18th, 2009 at 12:40 pm
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