Go Daddy $1.99 Domains 125x125

Go Daddy $1.99 Domains 125x125

Even if you've had credit problems in the past, you are eligible for a $1000 payday loan .Get your personal payday loan and you can use it to pay off unusually high bills.

Fixed Rate Auto Loans

Advertise in DIV-Net Feed
~
Dividends4Life
The Dividend Guy
Dividend Growth Investor
the moneygardener
Stock Market Prognosticator
The Div Guy
Disciplined Investing
Associate Members

Seeking Alpha Certified
Add to Technorati Favorites

Subscribe to Living Off Dividends

RSS

Subscribe via email:



Living Off Dividends's Facebook Profile

Online Investing at Prosper

Wealth Money Life Network

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

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!

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

[Slashdot] [Digg] [Reddit] [del.icio.us] [Facebook] [Technorati] [Google] [StumbleUpon] Related Posts
  • $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 Adsense: $240.10 Linkworth: $132.00 TLA: $71.73 Kontera: $43.04 Affiliate: $6.68 Prosper Referrals: $75 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......
  • 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......
  • $2,811 In Passive Income For April 2008 I was so busy in May that I completely forgot to post April's passive income summary. On the bright side, April was a been a record breaking month for me with total "passive" income amounting to $2,811.42. On the flip side, I've been so busy, I haven't been paying attention......

Related Websites
  • Finding Information Online About the Best Places to Retire Lots of baby boomers are searching online for information about the best places for retirement. Most of the sites that are found in such searches are sponsored by actual retirement destinations. They are not necessarily objective in the information that is provided. I've found a few sites that go beyond......
  • I would like to understand why the area near my elbow has been acting up the last 4 months? For the last 4 months the area near my elbow has been not only been painful and sore but also at times turns purple, as if I had a bruise but only when its sore. Also i cant hold my arm straight down by my side when it becomes......
  • Passive Income Idea With A Spin Most would agree that diversification plays a big role in the success of one's personal finances. Spreading out risk is helpful in any environment, but is especially important when times are tough. It is just as important to diversify income as it is investments, because until we achieve financial independence......

[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.

12 Responses to “Passive Income For October 2008: A New Record!”

  1. Congrats… they teaching you anything useful at skool?

  2. Wow, impressive numbers. Have you sold an exotic car yet??

  3. 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!

  4. Congrats! It’s exciting to watch passive income grow each month.

    Best Wishes,
    D4L

  5. Congratulations on your impressive passive income. Have you considered adding to any of your dividend investments?

  6. Living Off Dividends Says:

    Yes, I’ve actually bought some Seagate (STX) and some Atlas Pipeline (APL).

  7. HopeImNotaSucker Says:

    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)

  8. HopeImNotaSucker Says:

    All-set!
    Just found link to ebook buried in the e-receipt from ClickBank. I was expecting a separate email.

  9. 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.

  10. 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!

  11. 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/

  12. Congratulations! Well deserved for all your hard work!

Leave a Reply

Virtual Trade