Alternative Income Streams - March 2008 |
8 Comments |
I’m a little later than usual with the report this month. The weekend threw me off and I wanted to get yesterday’s Lending Club news out. It looks like I can’t put off reporting my alternative income progress any longer.
For the second time in two months this income has been a bit of a disappointment. I take a little solace in that it was a short month, but even in full month, I would have ended with less money than last month. My final gains for the month were $1,837.54 (after taxes). It’s still a good income, but since I spend more time to earn it, it’s not the best investment I could make with my time.
Last month, I mentioned that I was looking to start two new websites. Well, I started four. Unfortunately, none of the three were ones I had planned. Three of them were paid gigs that I did for friends of friends. This is probably a good time to mention that I might be able to help you with your website. If you need some website work feel free to hit the contact button in the header of this site and send me a message.
Perhaps this month, I’ll get the other websites off the ground. It’s looking likely that I’ll get one off the ground, but the other will take a little more time and I’m starting to lose motivation for it.
[Note: Though I still call it my alternative income, it is the majority of my current income, but not all of it. I do some freelance work that I don't include in these numbers because they are paid at an hourly wage.]
Popularity: 1% [?]
This post deals with: ... and focuses on:Alternative Income
 Stumble
 Reddit
 Digg
 Del.icio.us
 PropellerNext: What Is Social Capital?
March 4th, 2008 at 9:16 am
LazyMan,
If you get a part-time job at Wal-Mart, ( 20 hours/week ) you can increase your “alternative income”. If they paid you $7.50 /hour ( equal to roughly 6 aftertax) you could make $480 more per month.
March 4th, 2008 at 9:49 am
Except that I couldn’t count it as part of my definition of alternative income. See the note at the end, “I do some freelance work that I don’t include in these numbers because they are paid at an hourly wage.” I would exclude any salaried positions as well.
March 4th, 2008 at 11:43 am
So if you use pay-per post services,where you write a post and they pay you $5-10 you won’t include that?
I would say that you should start investing in income producing stocks.
Good luck!
March 4th, 2008 at 11:55 am
Well, I don’t use pay-per-post so that wouldn’t be part of mine. I don’t think I’d include it unless it was a recurring payment in nature. It’s not easy to define alternative income.
March 5th, 2008 at 4:21 am
Congrats on another great month of alternative income. Do you ever plan on going back to salaried work?
March 5th, 2008 at 7:43 am
Currently? No.
March 5th, 2008 at 8:18 pm
Making money like that “on the side” does make a solid case for not returning to the traditional workforce. As long as your obligations are met, it just makes sense to continue as you are. Blog income generally goes up exponentially ( much like compound interest ), so it’s good to see you sticking with it.
March 13th, 2008 at 12:19 am
so how much do you charge for website help?