I know, I keep harping on passive income. Why? It’s because I believe that when my passive income exceeds my living expenses, I’ll consider myself financially free. Yes, that is a definition ripped straight from Robert Kiyosaki of Rich Dad/Poor Dad, but it makes sense to me. As stated as one of my goals for 2007, I would like to achieve passive income of at least $500/month this year. Here are my sources thus far:
1. Rental Income: $250/month cash flow
2. Dividend Income: $18.71/month (from non-reg account)
3. Interest Income (From savings): $83.33/month
4. AGLOCO Income: Unknown for the time being. Last time I reported, I had 67 referrals (Jan 14th), as of today I have 140 referrals and growing! My referrals are building their networks quicker than I anticipated. I am hoping that when the Viewbar is released that cheques for $50/month or more will start flowing in. If you haven’t started your AGLOCO referral network yet, you can start here (it’s free).
Total: $352.04/month (without AGLOCO)
I started using MyLot, the site that pays you to post messages, but it requires quite a bit of time and effort. I could put in the effort, but I’m really short on the time aspect these days. Thus far, I have posted around 23 messages which are a combination of unique posts and replies with earnings of $0.80 (3.4 cents/post). However, in MyLot’s defense, there are some members who are making at least $25-$35/month. It just depends on how committed you are to posting on their site.
Anyways, I’m a little shy of the $500/month right now but increasing my dividend income along with AGLOCO income should do the trick.
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