passive income

August Investment Income – $91.96

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My August investment income rose slightly to $91.96 from 90.62 the month before.  I did add $150 to my IRA which accounted for most of the gain.  My stocks have not gone up much this year but the S&P 500 is down for the year so I guess I should be happy that I have a gain at all.

Disclaimer: This is not my actual investment income. To get this figure I first add up my retirement savings, emergency fund, and any other money I consider permanent savings. What the total of my savings would earn at 6% interest for a month is my monthly investment income. My goal is to get this amount to $1000 a month. If I have $1000 in monthly passive investment income I will be able to retire early.  You can see what my actual investment income for the month was by looking at my monthly income report and adding the interest and dividend amounts.

July Investment Income – $90.62

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My July investment income rose slightly to $90.62 from $89.47 the month before.  This was due to a slight rise in the value of my stocks.  I did not make any additional investments in July.  Part of the reason for the decline in my investment income from its highs earlier this year is that I am now counting only $1000 cash as part of my investment portfolio.  I was counting $1500 earlier but after skipping a month of calculating my investment income I forgot how much cash I was counting as part of my investment portfolio.  I have decided to keep the figure at $1000 since my amount of cash available has seriously decreased.

Unless the market treats me badly in August I should have an increase in my investment income because I will finally resume adding to my portfolio.  This will probably end again in September though because I have a big expense that month.

Disclaimer: This is not my actual investment income. To get this figure I first add up my retirement savings, emergency fund, and any other money I consider permanent savings. What the total of my savings would earn at 6% interest for a month is my monthly investment income. My goal is to get this amount to $1000 a month. If I have $1000 in monthly passive investment income I will be able to retire early.

July Income – $1519.91

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Here is a breakdown of my income for July.

Online Income

$1067.96

Interest

$12.35

Stock Dividends

$22.79

Mystery Shops

$373.52

Bank Bonuses

$20

Survey/Cashback

$23.29

Total

$1519.91

It was a good month for income.  My online income was my best ever.  Making a $1000 in a month has been a goal of mine for a while but I don’t think I’ve even made it over $800 before.  One of the reasons my online income was higher in July was because I had a couple of months of affiliate income owed to me that finally arrived.  Most of the increase was from the direct sale of links.   There was a large increase in people contacting me wanting to purchase links on one of my sites.   Most of the income was from links paid for a year upfront.  There are also a couple of links that pay monthly and a couple more people I’m still negotiating with so I will still make at least a little from selling links this month.  I doubt I will make a $1000 again this month but I should make at least $600 which I am pretty happy with.

Mystery shopping income will go down because I have a regular job now and won’t have as much time for mystery shopping.  Some of the shops I did last month won’t pay me until this month though so I should make at least $200 from mystery shops this month.

My new job is working for a non-profit and it doesn’t pay much but it should still cause my total income to increase over last month. Although if I could count on making $1500 a month every month without a job I wouldn’t worry about a job and just concentrate on increasing my alternative sources of income.   It would be nice to have all my money come from alternative income and passive income but that might take a while.

June Investment Income – $89.47

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My June investment income went down to $89.47  from $96.83 in April, I didn’t  calculate my investment income in May. The decline is because I didn’t add to my investments and the stock market went down  quite a bit.  It wasn’t a good time to own BP.  I should have sold my shares sooner but I didn’t realize just how big of a disaster the oil spill was. I won’t be adding to my investments this month either but my investments have recovered a little so my investment income should go up a little.  This is a little frustrating since I was looking forward to getting over the $100 mark but as soon as I’m able to start adding to my investments I should reach the $100 goal.

Disclaimer: This is not my actual investment income. To get this figure I first add up my retirement savings, emergency fund, and any other money I consider permanent savings. What the total of my savings would earn at 6% interest for a month is my monthly investment income. My goal is to get this amount to $1000 a month. If I have $1000 in monthly passive investment income I will be able to retire early.

May Income – $1614.01

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Here is a breakdown of my income for May.

Online Income

$580.69

Interest

$29.61

Stock Dividends

$14.87

Mystery Shops

$39.86

Bank Bonuses

$10

Surveys/Cashback

$14.71

Job

$924.27

Total

$1614.01

It was a pretty good month for income but not as good as I had planned.  I had planned on working more for the Census but with my relocation that didn’t happen.  This month I will have very little job income so my income total will be way down.  My main sources of income this month will be alternative income and passive income.  I should make a little more from mystery shops and maybe a little more from online income.  There probably won’t be any other big changes to my income unless I get in the medical study.