Alternative Income Streams - December 2007 |
13 Comments |
With the start of December, it's a good time to review my alternative income. There are two big pieces of news this month. The first is that my alternative income is more than my necessary expenses. The second is that I added another stream of alternative income. Unfortunately I can't go into specific detail about it. Here's what I can say... A friend had an opportunity to make some money. Without a little help from me he wouldn't be able to do it. Much like any middle man, I collected a small percentage of the transaction. I realize it sounds a little bit like a Nigerian email scam, but it's not the truth.
This month, I crossed the $1800 barrier, for an exact total of $1802.72. I'm excited about this gain over last month's $1375.93. Unfortunately when you break it down, it's not quite as rosy. As usual, I'm not going to break it down until exact numbers, but here's an idea of what I'm seeing.
- New Income Stream - This was worth nearly $500, but I can't count on that every month. It's going to be an irregular number, but I'd guess it to be worth closer to $100-$200 a month on average.
- Blogging income - This went down very, very slightly for the first time since this blog has started. I had a one-time advertisement last month. By not getting it this month, I needed to find ways to make it up. Unfortunately, the opportunities just didn't present themselves. My Google AdSense was down. I get some money for referring people to Prosper and that income was up significantly.
- Investment Income - There hasn't been growth in this area in a little while. With me not having steady work, I'm not adding any money to this pillar of financial freedom.
Breaking the $1800 barrier is significant because it means that I finally have more alternative income than necessary expenses. Though I've passed the goal for this month, there's no guarantee that I'll continue to stay ahead next month. Also, since this is the only income I'm currently bringing in, it doesn't advance my goals of early retirement. For that, I'll need to be looking into getting a real job.
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Congrats on passing the Alt income goal. Watching the progress on your blog has been highly informative and entertaining.
Congratulations on reaching your goal.
Congratulations!!!!!! I’m learning a lot watching your blog grow!
Nice work, must be a good feeling to have a blog that can support you full time if you needed it to.
Great work so far! I’m amused that you can’t really talk about it, but then I’ve signed NDAs now and then and my work at the hospital means I have all kinds of protocols.
Lazy, I know dealing drugs might seem like easy money, but don’t do it. The law will catch up you in the long run. Kidding. Congrats on breaking through the barrier.
Good for you!! You must feel a lot less pressure to need a job right away when your side income can cover all your basic expenses!
I saw a drop in adsense as well this month — maybe they are restructuring their payout? Congrats on the amazingly steady progress!
Congratulation for your alternative income.
Yeah my alternative income also decreased last month due to the drop in Adsense too.
Lazy Man, you’re doing great. At this rate, I don’t think it will be long before you pass the barrier and stay past it. Congrats on your progress!
Good to hear about the progress you’re making, but it’s a shame about the secrecy thing.
congrats. looks like we’re head to head on alternate income!
Everyone dropped in adsense revenue in the past month or so they switch the type of click on the ads from locational to direct think i think? Thats great with the new stream though. IS it very time consuming?