I think I’m going to start posting my monthly passive income streams here as a way to document their growth. Although it’s a small amount right now, I am working diligently to protect and grow my sources of income away from the job. For now, this includes my dividends and my blog income. I realize that blog income is most definitely not hands off, especially during the initial pains of growing, but I still consider it to be passive. One, because it is a heck of a lot of fun to run a blog you are passionate about. Two, because I can run a blog from anywhere in the world with an internet connection. I’ll probably cover this more in depth in the future, but I’ll leave it at that for now.
So here we go- My passive income streams for June were:
Dividends- $62.05 (15% of all dividend income)
Blogging- $3.08 (Don’t laugh- I’m still working on growing this thing!)
Total: $65.13
I consider this a good place to be right now. I don’t know of many other 19-year olds who have any passive income at all besides the 1% or so they are getting from whatever they have in savings. I won’t be surprised though if my dividend income drops significantly in July. A pretty good chunk of my dividends from June were quarterly payouts, so July will consist mostly of the funds that pay out monthly.
Have a fun and safe 4th of July everybody!
6 users commented in " Passive Income for June 2008. "
Follow-up comment rss or Leave a TrackbackCongrats on the passive income, it will pick up! Took me forever to make my first $100 from adsense. I get about $3000 in interest and dividends though.
Oh man, adsense does seem to take FOREVER! It’s gotta be nice to have that dividend income. Dividends are the ultimate way to have your money work for YOU, not the other way around.
Great job on your passive income! You’ve already done something at 19, that most people never start. You should feel great.
Thanks a ton Scott. I’ve learned that it takes an enormous amount of discipline and work, but I think it will be well worth it in the future!
Great job Blake! If you keep it up, you will be rewarded substantially down the road for all your efforts. Wish I had started at your age! You’re friends will too, one day!
“You’re friends will too, one day!”
One day, yes, but definitely not now. LOL. With the exception of one of my extremely bright and ambitious friends, they could all care less about their finances.
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