I made $1532.80 from passive income sources in June, up $90.13 (6%) over May.
The thing I like most about passive income is the cumulative effect. The work I put in each month goes towards increasing my cashflow, not re-creating it. In other words, once I set up an income stream, it keeps coming in. Therefore, I can focus my time on adding to it.
Some of my sources are more passive than others (as explained in How Passive is Your Income), but each source has a strong residual component.
Here are the the income streams in order of most income earned:
- $1061.31 – Bulk Candy Vending
- $396.29 – Blogging
- $ 75.20 – Network Marketing
(Read Five Ways to Create Passive Income With Little or No Money for more on these sources.)
Bulk Candy Vending – $1061.31
Ahh, bulk vending… my good-ole standby.
The average profit per location was $25.27, almost exactly what I budgeted ($25). Thats’ a 72% profit margin when accounting for the cost of candy.
(Read more about bulk vending in How to Start a Bulk Candy Vending Business for Passive Income.)
Blogging – $396.29
My Blog income keeps rising. I’ve had 3 consecutive months of 50%+ gains. Read the June Blog Income Report for complete breakdown.
(Read more about starting a blog in How to Blog :: The Manual.)
Network Marketing – $75.20
My income from my network marketing company is rising steadily.
Movin’ on Up!
My goal is to make enough passive income to pay all my expenses. At that point, my time will be free to do what I love: making film.