Alternative Income Streams - October 2007 (One Year Recap) |
16 Comments |
It’s been a full year since I started tracking my alternative income. I look back on that post and remember how excited I was that I had made $17 that month. I was amazed that I had set up something that would essentially pay my phone bill. I closed out that first post with the words, “…this is going to be quite the journey.”
I had set a goal to reach the $350/mo. mark in alternative income in a year. My stretch goal was around $500 and I couldn’t fathom any more than that. I hadn’t counted on exactly how profitable advertisements on this blog would be. I thought that this blog would help me learn to expand my alternative income, but it actually became my biggest source by far. This month I finished with $1,165.28 in alternative income.
As part of this yearly update, I re-examined my necessary expenses. I have made good strides in this area in the last few months. I’ve paid off a great portion of my HELOC. My car expenses have gone down drastically as my job moved to a new office, less than 3 miles away from my home. My housing cost has gone down as I’ve been able to break even renting out my old condo in Boston. In the end, I need to make about $1450 a month to cover my expenses, leaving my alternative income around $283 short.
This post deals with: ... and focuses on:Alternative Income
 Stumble
 Reddit
 Digg
 Del.icio.us
 Propeller16 Responses to “Alternative Income Streams - October 2007 (One Year Recap)”
Leave a Reply
Previous: Weekend Round-up: Red Sox Clinch EditionNext: Two Money Stories: Sears Shoes and a Windfall
October 7th, 2007 at 9:00 am
Congrats on your progress, Lazy Man. It’s good to see your success!
October 4th, 2007 at 6:24 am
Cool.. I hope I can make $1000+ too from my blog. Yeah you deserve the money as you did so much of hard work and provide so much of content for us.
October 4th, 2007 at 2:32 am
[...] Lazy Man talks passive income. [...]
October 2nd, 2007 at 10:40 am
Great job…I just posted my alternative earnings for the month on my blog and came in at $1550. My goal for October is $2000.
http://brokeasaspoke.com/?p=484
October 2nd, 2007 at 9:01 am
[...] anniversary! Lazy Man celebrates one year of tracking his alternative income streams. He’s currently 63% of the way to his goal. {via: Lazy Man and [...]
October 2nd, 2007 at 5:35 am
Lazy Man,
Congrats! One of the things that I really like about your approach is that it focuses on an income goal over a net worth or asset goal. While a net worth goal can be useful too, an income goal always struck me as more focused on what you’re trying to achieve.