For all of those who are faithfully following my progress on this site, you know this is my first income report on Passive Income to Retire. My goal is to have enough income to more than replace my income from my day job. I want to make sure that I can sustain a steady income before I do something crazy like retire at the age of 27, so I am building up my income now to see if I can maintain it for a while before pulling the plug on the traditional job.
When you consider how old my blogs are, I think this is great progress. If you stick around, I think you will see this more than double in the next couple of months because I have been working on adding more blogs to my online business portfolio (some people call it an empire). As I described my approach to creating multiple passive income streams earlier, my first focus in developing “passive” income streams is to work on online businesses. As a result, this passive income report is the money from my blogging efforts.
November 2011 Online Income
20′s Finances Advertising: $648.5
Staff Writing: $60
Online Freelancing Efforts: $17.50
Total Income: $726.00
Again, while it is not all passive income, it is additional income that will go towards developing more passive income in the future. Since I don’t need the money right now, I am going to be investing into areas that will help build more income in the future. I figured once I can build up enough income, I can pay others to run certain aspects of blogging and still keep a large profit for myself. This will allow me to keep my time commitment to less than 3 days each week and keeping the same income as my day job right now (if not more) that I currently earn while working 5 days a week. Once I establish myself online, I plan to expand to real estate and then put money into dividend investments.
November was also a relatively slow month for the blogging business because of the Holidays. I anticipate a similar month for December and a huge month in January. Only time will tell, so be sure to come back to check my status next month. You can also read my opinion on passive income / blogging every Monday and Thursday. To make it easier, why not subscribe to receive email updates when new material is posted.
It’s amazing to see you jump leaps and bounds ahead of me when we started around the same time
I’m happy for you. Nice income numbers!
[...] to be in existence for 12 months before it is making a decent profit. Considering that my latest passive income report shows that I am already making $700 each month (primarily from one blog) after 3 months, I [...]
Hi, I really think you are doing great! I’m blogging since April 2011 with Google Adsense and the money is coming in in drips and drabs.
I think I’m missing something here. May I ask you how you got the 20′s Finances Advertising? Did you proactively go out and asked them to run advertising on your blog? Or did they approach you?
Thanks!
Thanks Antje. Most of the advertisers contacted me first. I have found that it just takes off once your blog reaches a certain point.