Category: Passive Income

  • New Investment Strategy

    It’s no secret that I like to dabble in the stock market, and that I’m trying to generate a decent income from dividend stocks.

    With that in mind, I’ve decided to start taking the entire balance earned each month through my Passive Income Project and invest it in various dividend stocks. Now since I’m only making around $125 a month in passive income, I’m planning on setting that money aside on a month to month basis and investing it in a different stock every 3 to 6 months.

    Since I’ll be making smaller trades than I usual do, I’m considering getting an account with Zecco so I can invest while avoiding that pesky $12.95 per trade fee with E*Trade.

    The general idea is that I’ll be able to both expand my stock holdings as well as my return from passive income. I’ll post updates as I make purchases.

  • Passive Income – May 2008

    E*Trade was kind enough to raise their interest rates mid-May, and I also had a CD account that matured, so my interest income is up significantly this month.

    • Interest: $61.85
    • Dividends: $10.38
    • Credit Card Rewards: $34.85
    • AdSense: $19.32
    • Text Ads: $25.00
    • Misc website income: $15
    • Surveys: $3.00

    Yielding a healthy $169.40 for the month of May, easily surpassing my $100 goal for the month.

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  • Passive Income – April 2008

    Tragically when my bank cut my interest rate again last month, it was not an April Fools joke, now the rate is 3.01%… for shame.

    • Interest: $36.22
    • Dividends: $10.04
    • Credit Card Rewards: $18.37
    • AdSense: $11.78
    • Text Ads: $25.00
    • Misc website income: $15
    • Surveys: $12.00

    That’s a total of $128.41, so I made just slightly over the $100 a month target.

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  • Passive Income – March 2008

    Here’s the break down for my passive income for March.

    • Interest: $84.54
    • Dividends: $22.56
    • Credit Card Rewards: $32.72
    • AdSense: $7.64
    • Text Ads: $25.00
    • Misc website income: $15
    • Surveys: $6.00

    That’s a total of $185.82, meaning that March was my highest grossing month since the start of this project.

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  • Passive Income – February 2008

    This month I added a new category, Surveys! Yay! I signed up with Pinecone Research and MySurvey and so far I’ve made $8 off two surveys, which is great considering I’ve only been a member of both sites for 10 days. Anyhow, last month I set the goal for myself to try and average $100 a month, did I make it? Indeed I did, and my February earnings even make up for being $4 short last month.

    • Interest: $35.37
    • Dividends: $11.86
    • Credit Card Rewards: $23.10
    • AdSense: $4.41
    • Text Ads: $25.00
    • Misc website income: $15
    • Surveys: $8.00

    That’s a grand total of $122.74. Not bad at all, and for the record if you’re lazy like me and want to buy a few extra cups of coffee a month I highly recommend you sign up for MySurvey. (more…)