Passive Income For October 2008: A New Record!
I’ve been busy with Business School and it’s been an insanely hectic month. Forget about writing posts, I haven’t even had much time to sleep!
I just ran the totals for passive income for October and I found out I’ve broken my previous record for monthly passive income that I set in June.
Monthly Passive (alternative, online & dividend) Income was $3,454.99.
The total online income was $2160.67 which is lower than my record by ~$95. However, my investment in a Japanese REIT paid a quarterly dividend that pushed up my dividend income over the usual $1000/month to a total of $1259.18.
Here’s the breakdown of the $3,454.99:
Online Income:$2160.67
- Ebay Publisher Network: $644.97
- Linkworth: $403.83
- TLA: $277.72
- Adsense: $207.30
- Kontera: $40.20
- Direct Ads: $234.95
- RevResponse: $26.90
- Amazon: $58.67
- Other/Affiliate: $262.11
Dividend/Alternate Income: $1259.18
- ING Savings Account: $111.18
- Direct Oil Drilling Investment: $397.53
- Dividends from Canroys: ~$412 (after tax deducted at source)
- Other Dividends: $338.47
The affiliate income from Ebay was almost $650 last month. Year to date, I’ve made $2,220 from my Ebay sites. Adding storefront on this site has also helped my income. The store targets people who want to buy online businesses, cheap real estate and timeshares, gold coins and other income producing ventures. I recently added a go-kart for sale page.
Some of the other ebay affiliate sites are .info sites that I bought .info domains for $0.99 from GoDaddy and created them using BANS software, which automatically pulls the relevant content from Ebay. They’re all hosted on Dreamhost, for which I pay under $119.40/year for unlimited domains, 500GB of bandwidth and some couple of TB of data. Dreamhost is currently running a special, where you get four times the usual disk-space and bandwidth! Also if you prepay for 5 years you get $150 off. They’re currently running a special where you get unlimited bandwidth and disk space at no extra cost for the next 11 years. Use code PassiveIncome to get $19.40 off your hosting or Dividends to get a free domain registration.
Note: Setting up BANS on Dreamhost requires a little bit of tweaking. If you’re not very familiar with setting up websites then I strongly suggest using HostGator for your hosting. They cost about the same and have pretty good compatibility with the BANS software. But don’t ask me for support!
If you want more info on how to generate passive income from sites, look at the 2nd half of this post (look for the section on Niche Sites). I also recommend the secret cash plan ebook. It’s a primer on the different methods to create online income. It has a very good section on finding niche market segments. It only costs $20 and it has a money back guarantee.
For more info on the other online sources of income, check out my previous passive income updates.
But while my passive income is up, my stock portofolio has been almost decimated. While it’s actually update 20%+ from the lows of last month, its down 50% for the year. Luckily I barely have any leverage, otherwise the account would have been wiped out!
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November 20th, 2008 at 5:16 am
Congrats… they teaching you anything useful at skool?
November 20th, 2008 at 11:29 am
Wow, impressive numbers. Have you sold an exotic car yet??
November 20th, 2008 at 5:08 pm
Thank you for the site recognition. It’s quite the honor to be included in such a great blog! I look forward to helping you all generate consistent income online. Much success!
November 20th, 2008 at 5:20 pm
Congrats! It’s exciting to watch passive income grow each month.
Best Wishes,
D4L
November 21st, 2008 at 7:32 am
Congratulations on your impressive passive income. Have you considered adding to any of your dividend investments?
November 21st, 2008 at 9:44 am
Yes, I’ve actually bought some Seagate (STX) and some Atlas Pipeline (APL).
November 21st, 2008 at 4:03 pm
I purchased the Secret Cash Plan ebook today at 8:39am est and I still haven’t received the email containing the ebook. According to the site, “Secret Cash Plan is a digital ebook and is emailed to you immediately after your purchase.”
I will repost if I receive the ebook. Until then, I will be feeling like a sucker. (If no ebook by tomorrow, I’ll contact discover to recoup the $20)
November 21st, 2008 at 4:20 pm
All-set!
Just found link to ebook buried in the e-receipt from ClickBank. I was expecting a separate email.
November 22nd, 2008 at 12:18 pm
Congrats for hitting a record.
As for me, not doing well because of the massive hit in VWEAX. Suffice to say that I’ve decreased a large portion of that bond fund which effectively lowered my passive income for October. Furthermore, interest rates drop in Aussie govt and further erosion of AUD to USD have effectively wiped out my passive income in that area.
I’m not going into details of my holdings but I have calculated that my passive income has dropped from the old days of $3300 to approximately $2400 with a large figure in Money Market (pathetic but great for waiting to enter…hopefully won’t catch falling knifes).
Fortunately, my net worth didn’t that a double digit hit as a lot of folks did by stupidly clinging to the old “buy stock to fend off inflation” and “buy and hold so that you can avoid paying tax on capital gain” mantras. Nevertheless, this decoupling effect due to LEH (and now Citigroup issue) is hurting almost everyone save for folks like you and the shorties.
Anyway, that $2400/month will not stay this way for too long. However, I’m waiting for this current crisis to become stable before buying more high yield stuff (and there are plenty…believe me folks).
Stay tuned.
November 28th, 2008 at 9:45 am
Congrats! My wife and I have read a bit of your blog and are now trying to figure out how to grow our own passive income. Your updates are quite useful to us in that regard!
January 14th, 2009 at 11:10 am
You have always inspired me to blog for money. What are your thoughts on this article? http://revenuereservoir.com/2009/01/14/10000-words-on-how-to-start-a-money-making-wordpress-blog/
February 11th, 2009 at 7:56 pm
Congratulations! Well deserved for all your hard work!