Passive Income Report Q2 2016
Well this year has started off with a bang and hasn’t let up since! I’ll be the first to admit I’ve been slacking with my monthly reports and after some consideration I decided to post quarterly reports instead of monthly. This will help my readers stay more current with whats going on, give me more time to spend with my family, and more time to invest for CASH FLOW! If you’re interested in seeing where I started, check out my first passive income report.
I have to say, I misjudged how much time it takes to raise a child let alone multiple, so to all the parents out there, I commend you! While I’m always tired and feel like all I do is clean dirty diapers, my 7 month old son is amazing!
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 Q2 2016
Like I said in my investment strategy this is the section I’m really trying to beef up and things are moving and shaking! If you want to learn how to start a blog, check out my how to start a blog post. This year I’ve made great connections which has allowed me to invest in sites with other like minded individuals. What was my reason for doing that you ask? It helps me diversify my risk by bringing in less capital to each deal, leverage other peoples expertise, and see many more deals that I can be a part of. Over 2nd quarter I’ve currently invested in two additional sites and am in the process of closing on a third! So lets take a look at the revenue coming in from these sites.
Above you can see my traffic stats. Thankfully there was a increase over Q2, it wasn’t large but I’ll take it.
Now to the numbers.
I can’t say I’m thrilled about these numbers, I’ve had months that are better than this whole quarter! But that’s the name of the game, sometimes your site sales go up and sometimes they go down, you just need to make sure they don’t consistently decline in sales or that’s a problem. This is another key reason why I’m looking to diversify in this area, if your site has a bad month and its the only one you own, uh oh, but if you have multiple sites, you can lean on the others to hopefully even out. So if I want to eventually live solely off this cash flow income, I’ll need to make sure I spread my money into different sites that are in different areas.
As most of you know, this was the first site I ever purchased and the main reason for the purchase was to understand how to transfer a site after purchase. I’ve really made no changes to this site but have switch all amazon affiliate links to EazyAzon links and it has helped!
Not a huge earner by any means but it’s passive income that I’ll take!
Alright this is the first site that I invested in with others. Just like the first site I purchased above this was a tester, I wanted to get my feet wet and I’m sure glad I did. We took the site over in late April and it has been doing quite well ever since. Since I’m not the only person involved in this site I won’t be giving out to much detail but will share a little info and my cut of the earnings. This is a eCommerce site which has a stand alone shop as well as a FBA (Fulfill By Amazon) shop. It has been around for a decade, yes you read that right a DECADE and its a consistent earner. My cut of the net revenue, aka, passive cash flow income was $551.
This is another site I invested in with others. While it hasn’t been around for nearly as long as the one above, we got a great deal on it and its in growth mode! This is an amazon affiliate site that is converting quite well. We’re going to be throwing the EasyAzon plugin on the site also to see if we can boost earnings and will probably hire someone to write content. We purchased this site in mid May so its been producing passive cash flow for me for about a month and a half. My cut of the net earning for this site was $311.
The interest I earned this quarter totaled $71.25 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 second quarter were $17.33. I am considering getting out of all my taxable stocks (non 401K, IRA, etc.) and will keep you posted on this.
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, Visa Signature.
This quarter I received I nice payment of $170 into my account. It’s the best feeling in the world to know I get paid to use my credit card and it cost me nothing to do it. Now that’s what I call free money!
Total Passive Cash Flow Q2 2016
So after crunching the numbers, my total passive cash flow for second quarter comes to $1,531.95! While I can’t say this has been my best quarter, I’m super pumped about adding two more cash flowing websites to my portfolio! 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, or are looking to sell a cash flowing website, let me know so I can check them out!