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Passive Income

One feature of this site that I have started and plan to continue dong so in the future is a passive income report. I have a lofty goal to earn $1,000.00 per month from passive income in the future so I will keep ongoing posts regarding how I am doing and how close that I am getting. Here are is a look at post months for those that are curious and this will be something that I will expand in the future months.

Month Passive Income Earned Passive Income Goal Amount To Go
May 2008 $287.13 $1,000.00 $712.87
April 2008 $249.39 $1,000.00 $750.61
March 2008 $199.12 $1,000.00 $800.88

I have seen other sites use the idea of passive/alternate income and thought this was a good goal for me. Here is what I plan to include in my totals every months:

Hosting Income: As I have talked about in the specific month by month posts, hosting income is what I charge to host websites that I design and run. Even if no work is done on the website, I know that I am making a certain amount of money each month from hosting.

Interest Income: This one is pretty simple as well. The interest income that is included in my passive income report is from money that I have in the bank at various locations.

Advertising Income: I currently have two sites (This one is included) that I have advertising on to make money. While I do work for these sites everyday, the content would still be available if I quit writing for them. While it may not considered traditional passive income, it is definitely income that if the site is built up, I can earn money off of for a long time. That is regardless of how much work is being done on it.