My Monthly Income Stream Report – December 2013

income reportDecember is always an interesting month for me.  For one, it’s extremely busy for me at my nine to five job.  Second, you never know what you’re going to get online as well.  This year, December was slower overall, but that’s okay.  Given everything that I was doing offline, it was much needed.  However, it also gave me time to plan.

However, last month I dominated when it came to investing, which was fun.  This year, I’m also participating in an investing throw down with several other bloggers, so hopefully I’ll be able to hold my own there as well.

 

Important Happenings

A few important things happened last month.  First, for the first time ever, I really sat down and mapped out what I want 2014 to look like.  I’ll share more about this in my annual income report coming later this month, but needless to say, I planned out the first quarter of 2014 in full.  I feel really confident now about the direction I’m going, and I think it should prove to earn more as well.

Second, I as part of the planning, I decided on some major changes this year.  A few of them are technical – I switched over to CoSchedule for my editorial calendar, and I’m looking at changing email providers as well.  I also downsized a bit when it comes to my staff writers.  I still employ some staff writers, but it was getting to be a little much for a while, and I wasn’t fully seeing the returns I wanted to.   Also, after reading Financial Samurai’s 2013 Year in Review, I realized that I wasn’t getting the operational leverage I needed, and I was also getting lazy.  That’s all changing this year.

Finally, near the end of December my Premier Investing Forum passed 50 members.  That’s pretty cool.  You can see that some of them signed up for recurring monthly billing as well, which is great.  Still slow inside the forums, but consistently building over time.  If you’re interested in learning more about investing, check it out.  I’m going to be offering a free 30 day trial period this year to try and boost memberships even more.  I think the value is there for people to stay on.

 

Income Report

Alright, onto the multiple income stream report!  By now, you should know how this works, but I like to break down my multiple income streams into categories so you can see how I make my income.  You can read more about my investing income stream here.

I don’t include my salary or my wife’s, although I do consider those part of my multiple income steam strategy.

  • Investments
    • Dividends: $3,109.98
    • Capital Gains: $3,671.04

Gross Total: $10,704.30

Difference from Last Month: +$3,954.05

This is now my best month of the entire year – all due to the investing wrapping up for the year!  Remember, you can find all of my income reports here.

 

What I Learned

Once again, the biggest thing I learned this month (and this year), is that multiple income streams are the way to go.  I don’t like having all my eggs in one basket.  You never know what could happen.  Yes, some of the income streams above are pretty small – but everything contributes, and you never know what will grow best over time.  While The College Investor and my own investing are what has been driving the business, each site plays a role.  And if something happens to one, I can easily dedicate myself to the others if needed.

I also learned the importance of spending time with family.  This was my son’s first Christmas, and it was so much fun.  That’s why you didn’t see me around as much, but I’m a firm believer that family comes first, and you work to live, don’t live to work.

 

What To Expect This Month

I’m going to be sharing two things with you this month.  First, I’m compiling my annual income report for you, and will also be looking at if I made or missed my goals for 2013.  I think this article will have some great insights, especially for new bloggers and online entrepreneurs.

Second, I’ll be looking at a system I use to repurpose content.  It seems like everyone these days is talking about repurposing content.  But what does it mean, and how can you do it successfully?  After listening to Michael Hyatt’s podcast last week, I wanted to share my thoughts on the subject, and give you a fool-proof way to do it.

Thanks for another great month!  How was December for you?

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Comments

  1. Its good to know the details of the income report. The investment moves really took up lots of the positives. For someone with a 9 to 5 job its would be encouraging making an average $10,000 as passive income.

    One key takeaway for me is that one can still earn consistently with passive income if definite goals are set, the right planning is made, and the right discipline to work are applied.

    I found this post in kingged.com – the content syndication and social bookmarking website for Internet marketers. The above comment was left there as well.

    Sunday – kingged.com contributor

    http://kingged.com/my-monthly-income-stream-report-december-2013/

  2. Thanks for this report :) It’s really motivating, especially when you stress out the importance of multiple income streams. I used to stick to one only, and when it corrupted, I have nothing left but struggling and have to build everything from scratch again.

    I just want to know where you get your dividends from? Are you playing around on Stock Market?

  3. Philip Lamachio says:

    Robert…..you must spend a lot of time writing articles for each of the websites you have. Also, don’t you have to pay the other writers? If so, I would like to see your net income after paying your writers.

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