Monthly Passive Income Crosses $2,000 Mark!

I’ve finally broken the $2,000/month in passive income! Passive income for February 2008 was $2,383.55. Not bad considering I wasn’t even in the country!

Here’s the breakdown:

  • Online Income: $$1399.29
  • Savings Accounts: $138.43
  • Real Estate Trust Deed: $0
  • Direct Oil Drilling Investment: $277
  • Dividends from Canroys: $509.11
  • Other Dividends: $59.72

As usual, I ignored any income from Prosper loans. I did however include the $100 in referrals fees. If you’ve been thinking of lending or borrowing money on Prosper, now is a good time to do it. They’re still offering a $25 incentive to new members.

Canadian government takes its 15% tax on the dividends from Canroys, so the income is after-tax. You get a tax credit for this amount in the US so there’s no double taxation.

I’m also getting affiliate referral income from Linkworth.com. For every person that signs up, they give 5% of the income they earn for life! The $200 that I got in February was actually the income I earned in January. For February, I’ve actually earned $410.98, of which most of it is referrral income. But since I won’t get paid until March, I’m going to count that next month. Linkworth will probably be the largest income stream next month. Its a great way to boost your site’s revenue.

The Kontera income dropped 44% from last month. I haven’t spent much time analyzing that so I’m not sure what happend. Overall traffic is up so I’d expect the kontera revenue to also increase, but the opposite occurred. I guess it is correlated with┬áthe type of posts. I’ve seen that posts related to gold do very well for PayPerClick advertising.

As I mentioned last month, my real estate trust deed has defaulted. Luckily, the oil drilling programs have started to kick-in and have almost replaced that income.

Overall, I’m quite pleased with the results. Hopefully, I’ll be able to break the $3,000/month barrier pretty soon.

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