Monthly Passive Income Report January 2016
Its the start of a new year and another income report, my best ever! Want to see where I started? You can find it here, first passive income report.
I have to say, while I’m super sleep deprived and feel like all I do is clean dirty diapers, my newborn son is amazing! It also doesn’t hurt ringing in the new year with my best passive income report ever!
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 January 2016
Currently I run a couple websites which I built and I also just finished purchasing my first website last month but haven’t had much time to monetize it. If you want to learn how to start a blog, check out my how to start a blog post. Below you can see a breakdown for both sites that are generating income. 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 increase from last month, (2221 users last month) and a larger increase from this month last year, (1717 users last Jan.) overall I’m pleased to see more users and I hope this continues.
Now lets check out the numbers.
January is usually a very strong earnings month for this site and I’m thrilled to say this is it’s best month sine inception! Another thing I’m glad to see is my Revenue Per Unique (RPU) larger this month compared to last month (.11) all while driving an additional 996 unique visitors more than last month! 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 compare it against quite yet but will next month.
Wow, these earnings are pretty lame! Have to say I’m disappointed, with the amount of traffic this site generates, I though I would at least make $10 – $20 a month. Looks like I will need to head back to the drawing board and maybe test better ad placement or check out a new revenue strategy. If anyone has any ad networks they think I should check out please leave a comment below. Another thing I mentioned last month and still believe could be a deterrent is this site has never been monetized, therefore it usually takes Adsense some time to learn what ads to show. Either way something has to change because so far this site is a dud.
The interest I earned this month totaled $25.74 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 January were $7.14. Truthfully, I’ve really been 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 received I nice payment of $121 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 January
So after crunching the numbers, my total passive cash flow in January comes to $683.53! I’m super pumped since this is my largest month of passive income ever! Talk about motivation for me, I can’t wait until next month! 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!