Alternative Income Streams – October 2007 (One Year Recap) |
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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.
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I too am amazed at the income an individual can earn from blogging. Congrats on shooting past your goal. I worry about how long it is going to last!
The Dividend Guy
Congrats on the great numbers
Nice work. Amazing what you can do when you put your mind to it…
Expense down, income up = great progress :) Good for you! I agree with the Dividend Guy about blogging income. John Chow earned $20,000 last month on his blog!
That is inspiring – if I manage to match your rate of growth, I should be making about $17 per month mid-2009…
Seriously, good job. I remember that post and thought the same thing – man, that’s a loooong way to go. Not so long after all…!
Excellent job!
This is my first month of side-income and I’m hoping to make $20. :-)
Great job!
Good job Lazy Man! I had no idea how much money people make from blogs. I’m pretty happy to have a dollar a day!
Really enjoy reading these updates Lazy! Keep up the great work.
This money isn’t entirely from this blog. It does include interest and dividend income as well as other websites. It may also include real estate gains from investment properties, if I had them.
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.
[...] 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 [...]
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
[...] Lazy Man talks passive income. [...]
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.
Congrats on your progress, Lazy Man. It’s good to see your success!