I’ve decided that it would be a good idea to track my online earnings this year. I used to do this when I started my site a little more than four years ago, but dropped out of the habit. I’ve since started tracking passive income from dividends. I believe that passive income is the best income, and that dividends are the best form of passive income.
Passive Income Does Not Build Itself
However, to build up passive income, I need to earn income from active work. This is necessary because passive income does not create itself. It’s a function of earning money off of capital invested in anything from pork bellies to gold to stock in great companies.
Starting around 2008, I began earning a bit of extra money online. I took a big pay cut to start a job that I really wanted. There was the possibility of this job becoming a great career, and it did. However, the financial remuneration at the time was not the best. I had a new and growing family, and I had no desire to work retail if I could avoid it I therefore started to focus on online earnings so that I could make money without leaving the house outside of my day job.
This effort started to pay off nearly immediately, and I’ve not had to go back to working in retail or fast food to make ends meet since. Some months I make more; some months I make less. Regardless, the additionally money outside of my day job has really helped my standard of living. I made money online via two different avenues during the month of February 2017.
This was less than the $334.60 that I earned online in January, but it was still a nice little bit of income that helped me toward my overall financial goals of building up passive income. Part of the money that I made in February went toward buying quality dividend stocks that should pay me passive income for years into the future. Hopefully, I’ll make more in March that can help propel me further. I’m hoping that both my online earnings and my passive income will snowball in the future.
Last year, I kept track of my progress monthly to show how close I was getting to my annual goal of $5,000 in online earnings. I was short of this total, and I was only able to earn a little over $4,300. I was not frustrated, though, because that was $4,300 I would not have earned had I not started out with a goal to make money online.
This year, I decided to up the ante, and set a goal of $450 per month for 2014, which comes out to $5,400 for the year. I’m using many of the same income streams that I had before, but I’ll also try to bring in a few more over the course of the year to see how other options work. Without further ado, here is my first earnings report for 2014. In January, I earned from the following sources:
I began 2013 with a goal of earning $5,000 online during the year. I worked hard for much of the year, and made some money each month. Some months, I earned well over $500. Others, I earned less than $200. December was pretty much in the middle. Without further ado, here are my earnings from December:
This income for December, when added to my previous online earnings for the year brings my grand total for 2013 to $4.363.93.
While this was a bit over $600 less than my initial goal, it is nonetheless a nice chunk of change that I was able to make while I was basically sitting at home, many times watching TV. I also should point out that there were some accrued earnings in a few income streams that will have to wait to be realized until 2014.
The question remains, can you earn money by blogging? Yes, you can still earn money blogging. While much of my income came from freelance writing, I was able to capitalize on my blog and actually make a bit of a profit (my estimate is around $500). I’m going to post on here what my goals for 2014 are going to be. What are your online earning goals looking like?
In November, I was able to inch my earnings up over what I had earned in October. Through October, I had earned $4,049.91 through my online efforts. I have done quite well over the course of the year, in my estimation, and if I can make this much next year in addition to my new full-time job, I should be in pretty good shape. My hope is that some of the efforts I’ve made will start producing a more and more passive income.
Without further ado, here are my online earnings for November:
Freelance Writing: $106.50
CashCrate: $24.12 You can sign up for CashCrate via the link and start earning money today.
My total earnings for the month of November were up to $130.62. This brings my total for the year up to $4,156.41. I am around $850 short of my goal of $5,000 in online earnings that I started with at the beginning of the year, but I’m OK with this. Had I not started with this goal at all, it is likely that I might be well short of even this achievement. My goal is to continue earning money online in 2014 to help my monthly cash flow. Every little bit counts and helps.
I’ve started a new full-time job in the past few weeks, so I’ve not been quite as active in trying to make money online. The goal is to build up residual income over time that will help pay a bill or two without any additional work on my part. In July, I had gotten well over half-way toward my goal of earning $5,000 this year while sitting at home in my pajamas.
During August, I continued working on earning some extra money, although my time available for doing so was much less. I began August with $3,296.79, which was well over half-way toward my ultimate goal. During the month, I earned the following:
Total Amount Earned in Pajamas during August: $457.69. Of this, around $100 was passive income–the best kind of income that there is.
This amount brought my total earnings for the year up to a whopping $3,754.48. With four months left in the year, I’m just over $1,200 from my ultimate online goal of earning $5,000 for the year. I’m hoping I can make it. One of the reasons I want to make more money as I go through the rest of the year is to make some extra money to pay for Christmas presents. I will have more information on my September earnings in short order.
January was a pretty busy month. I was on the road for the first week of the month, so my online earning capabilities were not as big as they might have otherwise been. Also, I spent quite a bit of time getting my first draft of my dissertation finished, so that took a bit more time. Travel is not in the cards for February, but there will more than likely be some impressive revisions to do on the dissertation. Nevertheless, I was able to make a few bucks on the side during January.
Most of my money actually came from online writing. There are several sites that people can use to make money. Some of them are open to citizens from around the world. Some limit themselves to just American citizens. At times, my earning is limited by the types of jobs that are available. I might look at the board to see what jobs are available and conclude that the instructions are so convoluted that my pay per hour will come out to about $2.50 because of the research and or formatting involved. I tend to look for jobs in areas in which I already have some knowledge so that I can make more money more quickly.
In January, I made $116.79 from a freelance writing site. I also was able to make $70.52 from the online writing site HubPages, which is a Web 2.0 site that allows users to post their own articles and participate in discussions that are in a way like Facebook. HubPages has a large number of users and pays based upon the number of views and click that people get. I was able to earn some more money during January, but I did not make the payout amount necessary to get paid from these sites. I am continually on the lookout for legitimate ways to make money without leaving the house. I will continue to review some of these sites in the future and keep up with my goal of earning $5,000 in 2013 from my internet work. I am at $187.31 so far after one month. My hope is that the money will start to snowball over time.
What are your online earning goals for the year? I’m interested to know.