Passive/Alternative Income Update – Sept 2007

One of my goals is to build my passive/alternative incomes to the point where it will meet our family expenses.  I believe that the day that you don't depend on your day job to pay the bills is the day that you are financially free.

I've been slowly building our passive/alternative income streams, and this is what we have thus far: 

Side Business Income: $400/mo

Dividend Income (non registered): $36/mo 

Interest Income: $124/mo

Net Rental Income: $250/mo

AGLOCO Income: $0

Total Passive/Alternative Income per Month: $810/mo

I am extremely disappointed with AGLOCO thus far as they have not started their payouts yet.  Could this be another startup failure?  It seems that the Viewbar has advertisers and they AGLOCO should have some income flowing.  Only time will tell I guess.  Have you guys been using the Viewbar?  What are your thoughts on the company?

In another post, I will get into my monthly expenses so that I can see how far we have to go until we are "financially free".

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FT

FT is the founder and editor of Million Dollar Journey (est. 2006). Through various financial strategies outlined on this site, he grew his net worth from $200,000 in 2006 to $1,000,000 by 2014. You can read more about him here.
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Ryszard
10 years ago

Hi FT, I know this thread it pretty old, but that topic never gets really out of date. What is your approach now, four years later, to the passive income. You don’ t mention that in your net worth. Did you give it up?

JR
13 years ago

Shaun Rosenberg said

“I love passive income. The only this is that you have to work hard to get it in the beginning. But once you have it, it feels good.”

why is that Shaun, I mean why does it have to be hard

For example I read on MDJ you can start with almost zero, even on the credit card arbitrage thread, money for free. Then take that money and explode it into many things. Foster in his book claims that he did it, as did the Smith manouvre.

My first preference was REI, even bought an ATM that netted 30% ROI

There are many many more I suppose, each has one … now what are your passive income strategies Shaun … care to share?

Shaun Rosenberg
13 years ago

I love passive income. The only this is that you have to work hard to get it in the beginning. But once you have it, it feels good.

Financial Goals 2007 Report Card | Million Dollar Journey
13 years ago

[…] income that doesn't come from my regular 9-5 employment.  I haven't written about our passive/alternative income since Sept, but it's now close to […]

Jonesy
13 years ago

Passive income is great, how come you don’t built up the dividend income (non-registered) and dump the interest income?
What is agloco?

InvestorBlogger
13 years ago

I wouldn’t bother with Agloco… I don’t think it will survive in the long term. While startups do have income issues, I can’t see how it’s going to leverage any advantage that it has… It’s largely a waste of time/effort.

Kenneth

Jonathan
14 years ago

Passive income is great. I trade for a profession, but wouldn’t be able to weather the drawdowns without other streams of income. Good luck.

Xias
14 years ago

Great job!

I’ve also been unimpressed with Agloco’s performance thus far (I even signed up through your site if memory serves). I made a killing with AllAdvantage…but that’s probably why they went under. I’m suspending my use of the bar until they have at least some sort of payout.

Gates VP
14 years ago

Hey FT, I’ve been a little snipey on the boards from time-to-time, but I’m going to give you full credit for this one:

I believe that the day that you don’t depend on your day job to pay the bills is the day that you are financially free.

That’s about as succinctly as I’ve heard it put. $800 is a great start, that’s like $5/hour, 160 hours/month that you’re getting from other people.

Congrats