Monthly Passive Income Finally Breaks $3,000 Barrier!
A few of my readers have emailed me asking when I’m going to post the Passive Income numbers for June. Apologies for the delay; I’m going to be starting my full-time MBA at UCLA pretty soon and I’ve had to look for apartments in Los Angeles so I’ve been pretty busy since the beginning of this month.
As reported earlier, April was a been a record breaking month for me with total “passive” income amounting to $2,811.42. I haven’t posted May’s break-down but it was a lot lower at $2,330.00.
However, June’s income has broken all previous records and was a whopping $3,354.51! I’ve finally attained my goal of $3,000/month in passive (or semi-passive) income. Let’s hope I can maintain it!
This is a strong 19.6% jump against my previous monthly high in April. Since I’ve been neglecting my sites this month, I expect July income to again drop significantly. But the number of sites that I’ve created is increasing every month, so hopefully it’ll all balance out eventually.
Here’s the breakdown:
- Online Income: $2254.93
- Adsense: $150.62
- Linkworth: $248.86
- TLA: $192.52
- Kontera: $54.83
- Direct Ads: $1120.00
- RevResponse: $17.50
- Prosper Referrals: $100.00
- Amazon: $40.00
- Ebay Publisher Network: $141.12
- Other: $68.78
- Coffee-Fund Donations: $15
- Savings Accounts: $123.92
- Real Estate Trust Deed: $0
- Direct Oil Drilling Investment: $376.77
- Dividends from Canroys: ~$550 (approximation)
- Other Dividends: $54.90
The biggest jump in income came from direct advertisements and from the oil drilling programs. I expect both to dip next month.
Adsense, Linkworth, Text-Link-Ads, ADSDAQ and Kontera have been consistent earners for me. It really isn’t a lot of income but its consistent and together it all ads up.
Amazon affiliate income hasn’t really taken off and to be honest I haven’t really been doing anything to boost it. Hopefully, I’ll be able to devote more time to this.
The affiliate income from Ebay has been growing steadily. My Discount iPod-iPhone and Gold Coin Store have started seeing some traffic. These sites are .info sites that I bought for $0.99 from GoDaddy and it was created using BANS. For a little more info on how to generate passive income from sites, look at the 2nd half of this post.
In March, I made $60 from Domain Embarking, a site that helps you earn money from parked domains. Since they only pay out quarterly, I was supposed to get a payment in the end of June, but they got booted from the Google Adsense program (for unknown reasons) and suspended all payments until end of September. Apparently I’ve made another $63.15 with them, but until I see the next payment, I’m ignoring it. Until then, I’ll continue to use their services as its a great way to create automated content, traffic and boost page ranking. Members can now place their own adsense or affiliate ads on the pages of sites parked with Domain Embarking. Make sure you at least put up your affiliate ads.
I’m not sure if Prosper is still handing out $25 signup bonuses to new lenders and but I do know that the referral program is changing. I may no longer get any money from referrals, so thats one income stream that is likely to dry up. But I’ll still keep investing through the site. Here’s a good post on How Not To Bid On Prosper.
To help make up for Prosper’s anticipated drop, a new program RevResponse has been added. They basically provide free publications and white papers on various topics ranging from finance and banking to search engine optimization and car detailing. Check out the Free Financial Magazines link. Bloggers might also want to check out the Sales & Marketing articles too. Old School programmers might remember Dr. Dobb’s Journal. Well, it’s available for free too. And the best part is I get paid for providing my readers with free useful information! So if you’ve ever wondered if you can make money selling magazines, here’s your chance to find out without getting off out of your chair. They’re also paying $50 for writing a 200 word post about them this month, so you should definitely join immediately if you’re a blogger.
I also made around $1,099 from some oil investments and other dividends. Some of the stocks pay over 10% in annual dividends. In the past 2 weeks the market has taken a beating and there are a lot of stellar companies paying over 4% annual yield. Some of them are Verizon(VZ), General Electric (GE) and Pfizer (PFE). Even stocks like McDonalds (MCD) are yielding 2.6% which is more than you get in your savings account!
Last month I bought a few more domains like Hobby Rubber Stamps and Invasion TV from GoDaddy. GoDaddy currently has a promotion – .com domain purchases for only $6.99 and .info domains for only 99 cents. I’ll try a few ways to monetize these domains over the next few months and hopefully they’ll add to my passive income as well.
I have multiple streams of both online & offline income. As I’ve mentioned before, having small amounts of income from various companies provides diversity and risk management. Occasionally, one of them will drop off (like adsense went from $400 a month to $150), and not being too concentrated in it prevents your passive income totally disappearing.
I’ll end with a quote from last months post:
Having any sort side income that sufficiently large to allow you to pay the rent and put food on the top is a great stress reliever. It also provides you F*** YOU money, in case you don’t see eye-to-eye with your boss or you feel that your job is sucking the life out of you! For stubborn and opinionated people, having F-U money is awesome!
I hope I’ve inspired all of you to try and boost your passive income or maybe add new sources to increase your current income streams. Please let me know how you’re all doing.
If you found this post helpful, consider donating to my coffee fund!![[del.icio.us]](http://images.del.icio.us/static/img/delicious.small.gif){kind=small}
[All content is copyright of Living Off Dividends & Passive Income]
Related Posts
You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
July 13th, 2008 at 6:01 pm
Let me be the first to say ‘well done, congratulations!’
July 13th, 2008 at 6:14 pm
Congratulations! It tickles me to see someone achieving their goal! Do I I hear $5,000 calling?
Best Wishes,
D4L
July 13th, 2008 at 9:52 pm
Congrats! 3k is no easy feat and it definitely puts food on the table and pays for rent. When are you going to talk to your boss?
July 14th, 2008 at 12:22 am
Wowsers, good job! Can’t wait to hear your thoughts on living in LA and that program.
July 14th, 2008 at 3:04 am
Way to go! I find your monthly passive income reports to be very motivational! I hope to reach the $3,000 / month level some day in passive income. I am curious to learn how you are monetizing some of your other domains?
July 14th, 2008 at 6:50 am
“F*** YOU money” has been my goal all along – I’m glad to see you’ve hit yours! Now of course, if you don’t raise the ceiling, you’re a slacker! Onward to $5k per month.
July 14th, 2008 at 7:43 am
Congratulations on hitting your $3k goal. Where did you hear that Prosper is going to do away with the referral program? Is this something new? I hope you set a new goal for your passive income for July.
July 14th, 2008 at 7:47 am
Have you considered specific energy trusts? The San Juan Basin trust or the Prudhoe Bay Trust are all high dividend plays (5-15% over the entire spectrum of ETs).
You also get the increase in equity value as the commodity price rises.
July 14th, 2008 at 8:33 am
Congratulation on the record passive income for June. You are the man. Unfortunately I am only doing less than 10% of what you are making
July 14th, 2008 at 12:09 pm
Carnival of the Entrepreneur – July 14th, 2008…
Welcome to the July 14th 2008 edition of the Carnival of the Entrepreneur. At the Carnival of the Entrepreneur you will find articles submitted by authors from all over the internet relating to anything associated with being an entrepreneur. Topics ran…
July 14th, 2008 at 1:28 pm
Well Done. I am at around $2,500 p/m through real estate cashflow and equity dividends. Onwards and upwards as they say. :O)
July 15th, 2008 at 3:34 am
[...] – Living Off Dividends gives an update how his monthly passive income broke the $3,000 barrier. I must say that I find [...]
July 16th, 2008 at 3:03 am
[...] Income Investor is inspiring with Monthly Passive Income Finally Breaks $3,000 Barrier posted at LIVING OFF DIVIDENDS & PASSIVE [...]
July 17th, 2008 at 5:57 am
[...] Income Investor from Living off Dividends tells us that he broke “Passive Income finally breaks $3000/month!” He explains in depth how he gets makes his passive incomes from ads, referrals, etc. [...]
July 19th, 2008 at 10:27 am
That looks good. Steady growth is good. I guess the next goal is 5,000…
@Online Dividends, that is not a bad start.
July 20th, 2008 at 8:59 am
With all due respect, this does not look like passive income to me. It does not look like “income from dividends” neither as the name of the site implies. This type of income you describe requires lots of dedicated, specialized and time sensitive work (for example, you say yourself that the Amazon thingy is not contributing because you did not work on it enough) like buying web sites and following the latest trends (iPhone). I agree that this is an income independent of any employer since you do it yourself over the internet but it is far from passive.
Personaly, I think living off a portfolio which allocations you never change (only rebalance once a year or so) is the closest you can get to the passive state although even that requires some work (rebalancing). Various royalties and owning business without involvement are tricky and renting properties is almost a full time job with lots of liabilities so I don’t count them either.
My personal goal is to have a portfolio strong enough so I can take 4% forever (or even more using strategies from http://www.firecalc.com) without tapping into the principal. For example, to get $3.000 a month, which is $36.000 a year, you only need a portfolio of $900.000. The way to save this amount of money is to get educated and live frugally for 10-20 years (depending of your salary). It is not glamorous or fancy but it is the most reliable way as you probably know since you are going for MBA yourself…
Just a personal opinion.
Good luck!
July 21st, 2008 at 9:07 am
you are quite right, but I never said I was living off passive income – only trying to achieve that goal. I’ve addressed the passiveness of my income in previous posts.
Setting up sites is a way to create future passive income. But there are components of my monthly income that are truly passive.
July 21st, 2008 at 12:27 pm
Thanks so much for the inspiration! I am averaging $550 per month in passive income online, and I just reported on my May and June totals on my blog. I have only been working on this for 8 months, so I am very encouraged that I can build up my residual income over the next year to get to a comfortable place. I enjoy your blog–thanks!
July 21st, 2008 at 4:33 pm
> I’ve addressed the passiveness of my income in previous posts.
Yes, sorry, I read that particular post today (I stumbled on your site just yesterday). And I agree with most of that post.
I must also add, regarding your site in general, It’s great to have another source of information for people who are seeking financial independence (as opposed to people who buy useless gimmicks and spend on unnecessary luxuries).
July 23rd, 2008 at 11:08 am
Congrats on the revenue
I see that you are going on great!!!!! Good luck.
July 23rd, 2008 at 2:24 pm
Congrats, that’s really commendable. I am with you on having separate sources of income. It comes in handy and gives you some leverage during negotiations with your boss/etc.
July 26th, 2008 at 9:10 am
[...] Income Investor presents Monthly Online Income Breaks $2,000 Barrier! posted at LIVING OFF DIVIDENDS & PASSIVE [...]
July 26th, 2008 at 6:48 pm
Now that you’re making all of that passive income, here’s one way of sheltering income from tax that I’ve been studying involves federal incentives for investment in natural resources…..
http://blog.greenwichfinancial.com/2008/05/copyright-2008-greenwich-financial.html
July 28th, 2008 at 2:34 am
[...] Income Investor presents Monthly Online Income Breaks $2,000 Barrier! posted at LIVING OFF DIVIDENDS & PASSIVE [...]
August 2nd, 2008 at 5:27 am
[...] Income Investor presents Monthly Online Income Breaks $2,000 Barrier! posted at LIVING OFF DIVIDENDS & PASSIVE INCOME, saying, “I finally made $3K/month from [...]
August 4th, 2008 at 1:15 am
Just to be clear,
Are you saying that by working full time on your businesses, you have managed to get a 3000$ passive income ?
You describe that various parts of your income dry up, but you create new ones constantly.
So what is passive here ? You work full time for 3K. If you stop it gradually disappears. Sounds like the “passive” part needs some clarification..
August 16th, 2008 at 3:54 am
[...] Income Investor presents Monthly Online Income Breaks $2,000 Barrier! posted at LIVING OFF DIVIDENDS & PASSIVE INCOME, saying, “I finally made $3K/month from [...]
August 17th, 2008 at 9:00 pm
[...] Passive Income Investor Living off Dividends and Passive Income Monthly Passive Income Finally Breaks the $3,000 Barrier! [...]
August 19th, 2008 at 2:42 pm
So it’s fairly obvious that a LARGE chunk of that $3k is coming from “direct ads”. Can you share with us the magic behind that? How are you selling these direct ads? To whom are you selling them? Can anyone do this?
October 28th, 2008 at 10:35 pm
if your site ranks well on the search engines for specific keywords, advertisers will contact you.
April 23rd, 2009 at 7:15 pm
Hey LOD….haven’t seen a recent “How to Make…” post. I know you are busy with school, but how about an update. I think it will be enlightening because of what the Great Recession has done to advertising and dividends. But we are all suffering on this. I won’t hold it against you if the results aren’t all that good. I know mine aren’t
June 13th, 2009 at 6:27 pm
I am inspired! Thank you!