Welcome to my second income report of many more to come. Want to see my first? You can find it here, first passive income report.
Wow, I can’t believe how fast December flew by. I’m guessing it had to do with the holidays and as many of you know, waiting for my first son to be born. And by waiting I mean,
still WAITING! No tax deduction, no Christmas baby, and now, no New Years baby. He has finally arrived, all 7LB, 9oz of him and he’s perfect!
Before I get into the numbers I want to go over what I include in these reports and what I don’t. Alright, lets get down to it.
What’s Not Included
In these reports I will include only passive income. Meaning, no income from my full time day job. Although I make a paycheck, I’m still trading hours for dollars and that’s what I’m working to get away from! I want PASSIVE, earn in your sleep income!
I’ll also not be including:
401K IRA”S Roth IRA’s Pension
Basically any accounts I would get Penalized on if I where to use them early, won’t be included.
In this report I will include income items that are passive and easily available to use if needed. Website income, interest income, dividend income (from non-tax penalty accounts), cash back from credit cards and whatever else blows my way!
Passive Income December 2015
Currently I run a couple websites which I built and I also just finished purchasing my first website! If you want to learn how to start a blog, check out my how to start a blog post. At this point I had one site monetized the whole month, while the new website I purchased ran for a couple days this month. You can see the breakdown for both below. As I said in my investment strategy, as I buy more websites they will be included in this section.
Above you can see my traffic stats. There was a slight increase from last month, (2066 users last month) and a larger increase from this month last year, (1175 users last Dec.) overall I’m pleased to see more users and I hope this continues.
Now lets check out the numbers.
Overall not a bad month for this site considering it’s in the education niche and November and December are usually slow months for me. What I’m glad to see is my Revenue Per Unique (RPU) larger this month compared to last month (.02) and last December (.06). What is RPU, you ask? RPU is a calculation that tells you how much each unique visitor is worth to you and can be calculated by taking your gross revenue divided by the number of unique visitors you have. So while most people, including myself, want to grow their traffic, they should also want to grow their RPU!
As I stated above, this site was purchased in late December so I don’t have a full month of data to report on but when looking though prior months during the due diligence process, it averaged around 1900 users a month.
Wow, check out those earnings, I’ll be retiring in no time!!! Okay, so there not great but to be honest Adsense was only up for 10 days. Another thing to consider is this site has never been monetized, therefore it usually takes Adsense some time to learn what ads to show. By all means I’m hoping next month is better, if not, I will need to brainstorm a more lucrative way to monetize this site.
The interest I earned this month totaled $25.76 most of which came from my Capital One 360 high yield savings account. This is by far the easiest passive cash flow I earn. If your looking for a FREE way to save some money to invest, start with a high yield savings account. If you interested, you can sign up through this referral link Capital One 360 Savings Account and you will receive $25 if you are a new account holder and make an initial deposit of at least $250.
Please note, I’m only able to provide this to 50 people so once I have hit that mark, I will take the link down.
My dividends for the month of December were $12.23. Truthfully, I’ve really be slacking in this area and I plan to purchase a couple more dividend stocks this quarter, so leave me a comment with some awesome undervalued dividend stocks to check out!
Credit Card Cash Back
Most of you have credit cards which you spend lots of money on. If you’re anything like me, you use credit cards for most purchases each month, then pay the bill off in full at the end of the month. This way I’m taking advantage of the rewards with out paying any interest or penalties. The cash back rewards card I use is the Fidelity Investment Rewards, American Express.
This month I just missed the threshold to get cash back so my total is a big fat $0 but next month should be a pretty profitable month in this category.
Total Passive Cash Flow
So after crunching the numbers, my total passive cash flow in December comes to $249.39. Overall I’m pretty happy with this. December is usually a slow month but this Dec. vs last Dec. ($48.83) = no contest! Thanks for reading and if you have time leave me a comment and let me know what you think, or better yet, if you have any good ideas for passive cash flow, let me know so I can check them out!