Alternative Income Streams - November 2007 |
14 Comments |
With the start of another month, it’s time to review my alternative income. The big difference this month is that the alternative income became my only income as I resigned from my day job. I’m not really sure I can call it my alternative income any more, but I will continue to do so to remain consistent.
The total this month clocks in at $1375.93. Since I made $1186.82 last month, this is a solid gain. (These numbers, as always, are after taxes.) I’d like to thank this advertiser who contributed towards that goal. With more time to focus on blogging, I had higher expectations. I’ve found you can only do so much with advertising, there’s too much that’s out of your hands. I added more alternative income lending money on Prosper.com and through bank interest. I often gloss over these sources for a couple of reasons. 1) They grow consistently and predictably leaving me not much to write about. 2) They represent a minority of my alternative income.I’ve been looking over my alternative income of the last few months at it seems as though it’s grown consistently by around $150-200 a month. It seems odd to me that it would be consistent given the nature of the income (advertisements come and go). I spend far too much time pondering whether this growth can continue. If it can and does, my wife and I will be far along towards our way to financial freedom. It’s dangerous to assume growth can continue though.
This post deals with: ... and focuses on:Alternative Income
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November 1st, 2007 at 8:20 am
Congrats on another solid month Lazy!
November 1st, 2007 at 9:13 am
Congrats to your alternative income increase. I look forward to one day seeing more details on how those income is made up so we too can get some more ideas!
November 1st, 2007 at 4:51 pm
Good job on the earnings - there is nothing better than income that keeps rising.
The Dividend Guy
November 1st, 2007 at 5:13 pm
Congratulations. Having a blog as a source of income is nice. I haven’t quite gotten there but we will see.
November 1st, 2007 at 6:00 pm
Congrats, Lazy Man. It’s coming along nicely.
November 1st, 2007 at 6:36 pm
Am I the only one who’s confused about this? Is there some place where you list the sources for your “alternative” income? It sounds like it’s almost all from advertising, but I can’t tell if I’m right on that.
Or are you just deliberately keeping it vague? Sorry, I’m totally confused and if you’re sharing the info. I’d love to know more about your sources of alt. income. Since you never know when one might be something that others can do too.
Anyway, I’m glad you’re managing to do so well without your job, that’s awesome. Good luck!
November 1st, 2007 at 7:20 pm
I’m deliberately keeping it vague. I mention most of the sources in this post, just not the exact numbers behind them. I have an investment property as well, but it’s mostly break even.
November 1st, 2007 at 8:27 pm
Did you qualify for unemployment payments? Or did you not apply? Or are you not eligible because you resigned? I’ve always been curious about this, but I’ve never been lucky:) enough to test it out.
November 1st, 2007 at 8:42 pm
I haven’t looked into unemployment right. I’m still not sure if it’s legal. Plus I do contracting on the side, so I’m not sure if I’d qualify anyway.
November 2nd, 2007 at 2:27 am
I think if you technically voluntarily resigned, you wouldn’t be eligible. The rules in NY/NJ are that if your position was eliminated, you were laid off or you, specifically, were terminated, then you’re eligible. If you resigned or you were terminated and your exact specific position was filled with a new person, you might not be.
I’m sure there are different rules in California but I don’t think you’d be eligible. The contracting income would further complicate things.
That having been said, I’d look into it - if you could get back some of that money you paid into the state unemployment insurance pot, why wouldn’t you want to get THAT alternative income?
November 2nd, 2007 at 2:40 am
Hey Lazy, I also have a goal to create $1,500 in alternative income. Looking at you almost making it is a great source of motivation! Keep it up!!
November 2nd, 2007 at 4:46 am
Congrats on the great month.
November 2nd, 2007 at 6:05 am
You’re doing well on that alternative income. contracting on the side is great way to keep your skill sets up. Great job!
November 7th, 2007 at 4:39 pm
Thanks for your response Lazy Man, and again good for you for setting your life up in such a way that the loss of a job has not resulted in a catastrophe, or anything close. Great work!