Income Report – August, 2017

With school coming up, that means September is starting and August is over. So I tallied up my August income and excited to share what I made.

It’s exciting because I publish these monthly income reports to show that it is possible to earn extra money (new ways every month), so you can start saving up for retirement. You should totally try some of these! This is how much I’ve made so far.

What we accomplished in August!

• Adam reviewed the Ibotta App, I guess he was pleasantly surprised.
• Adam listed the income reports of our favorite bloggers in the July Income Report Round Up.
• Adam created a list of 14 True Passive Income Ideas You Should Know About. A couple of these are on this income report.
• Adam threw a party and shared with his friends (like me) some awesome backyard games, he made himself. Here’s how he did it.

• Andrew tried out Domain Flipping, seeing how people make money by buying domain names and selling them for a profit.
• Andrew analyzed the Cisco Systems (CSCO) and bought a couple shares.
• Andrew shared how to monetize a blog with affiliate marketing, it’s fairly simple and this is how Adam and I monetize all our blogs.

Income Report – August, 2017

Check out the infographic on where the August income came from.

A majority of the income this month came from our ONE Bluehost Affiliate sale. Wahoo! Apparently, people are finding the How to Start A Blog post helpful. Here are the other sources of income this month.

$45.00 – Bluehost Affiliate Income
$42.77 – Seeking Alpha Articles
$28.95 – Cashback Credit Card
$20.94 – Dividends
$15.08 – Stock Photography
$6.83 – Wallet Squirrel AdSense
$5.63 – Robinhood App Referral
$4.20 – Interest Checking/Savings Account
$3.29 – Lending Club

It’s pretty awesome that all these forms of income combined make up $172.69 for the month of August. That’s my largest income yet without a sponsored post. Yay!

Where does that money go?

Since our goal is to create a $10,000,000 retirement account. The money I make on Wallet Squirrel goes toward that goal. So last month, I invested my extra money into Cisco Systems. I bought 12 shares at $31.54.

Let’s Talk Goals

Did I meet last month’s (August) goals? – Yes

I Learned Pinterest! – This is one of the large social media networks that I didn’t know much about. I spent an entire weekend researching and reading Pinterest Guides. I’ve now started formatting blog post images both horizontally and now vertically for Pinterest.

September Goals

Build the Ultimate Blog Post Marketing Guide! – I’m currently updating our “How To Start A Blog” post and plan to market it heavily. Both because it’s going to have a cool infographic and the Bluehost Affiliate link has the most potential for income.

15 replies
  1. Cody @ Dollar Habits
    Cody @ Dollar Habits says:

    Nicely done, Gents! Thanks for sharing! I look at cash back credit cards as a form of side hustle. I made over $500 last year just for using a credit card instead of a debit card for purchases I would be making anyway. I also use the Citi Double Cash card.

    Reply
    • Wallet Squirrel
      Wallet Squirrel says:

      Thanks Cody!

      We’re stoked about this month’s income! I agree that the Cashback Card is a form of side-hustle as long as you’re buying things you would anyway. I only made (just had to calculate it) about $325 in the last 12 months so awesome job with your card!

      Thanks for commenting!
      Andrew

      Reply
  2. MrDoublingDollars
    MrDoublingDollars says:

    Hey Wallet Squirrels! My first time here, place is spiffy 🙂

    I, too, just started writing on Seeking Alpha last month! Haha, they do love to provide feedback, don’t they? I am shooting for one article per week there as that should provide a solid side-hustle income. I love watching the pennies add up every day, even if I didn’t DO anything for days. 😀

    No affiliate income for me yet, but I am not pushing it. Just working a few different side hustles. I noticed on your infographic (very nice btw, what do you use to make them?) that you have $45 as Robinhood affiliate but in your post you list it as $5.63 – what is the difference between the two?

    MrDD

    Reply
    • Wallet Squirrel
      Wallet Squirrel says:

      Hey DD,

      Just checked out your site, looks like we’re around the same Domain Authority, awesome job! 1 article a week is ambitious, I’d love to eventually do that. Are you doing that while working full-time? I agree though, watching the pennies add up is so cool! I’ll have to follow you on SA.

      I use Adobe Illustrator to create the infographic. Although not very well because you just noticed a mistake. lol I’ll fix that tonight. I only made the $5.63 through Robinhood last month. I got a free stock of Sirius XM which I sold since it didn’t fit my dividend strategy.

      Thanks for commenting and mentioning my mistake, fixing that now =)
      -Andrew

      Reply
      • MrDoublingDollars
        MrDoublingDollars says:

        Yes, still grinding away at my regular job. Then wife and kids, various side-hustles, my website, and SeekingAlpha.

        Gotta keep at it if you want to succeed! Just finished up an article for SA about Dave & Buster’s. Hope they take it at first go as I think I hit all the marks. 😀

        Reply
  3. DivHut
    DivHut says:

    Another great report for the month. Looks like your monthly breakdown is getting more diversified. While not an income producer, I wonder if you will dipping your toe into the cryptocurrency world. I have noticed several of our usual income bloggers already buying and selling these alt coins. Keep investing. Nice to see new contributions to your stock portfolio as others are selling. Thanks for sharing.

    Reply
    • Wallet Squirrel
      Wallet Squirrel says:

      Hey DivHut,

      I always love when you leave a comment! I’ve noticed that too, alot of our usual income bloggers are diving into crypto currency. It’s still such a new experience for me so I’m hesitant, but I’ll eventually have to cover it, I just don’t know much about it yet. Are you thinking of trying it out?

      Always buying, =)
      Andrew

      Reply
    • Wallet Squirrel
      Wallet Squirrel says:

      Hey DD (Lanny),

      Thanks we’re having a lot of fun with the design of WS. I’m hoping to create a better graphic that describes my income report and what I do with the money each month. I’ll eventually finish it. =)

      I’m loving blogging about finance, it’s so cool!

      Thank you SO much for commenting,
      Andrew

      Reply
    • Wallet Squirrel
      Wallet Squirrel says:

      Thanks Chiino!

      I’m constantly adapting the infographic to see what I like and don’t like about it. So it’s a work in progress. Thanks for the kind words and excited to see where it leads!

      Thanks for commenting,
      Andrew

      Reply
  4. Graham @ Reverse The Crush
    Graham @ Reverse The Crush says:

    Congrats on another successful month, Adam and Andrew! It’s awesome that you guys are building such a diversified portfolio of income streams, and it’s even better that you’re investing everything you earn. Also, that’s a great sign that you made money from your Bluehost affiliate link. I’ve made one affiliate sale with Bluehost before and one sale with my Questrade affiliate link. Affiliates are something I’m planning to start putting more effort into. I’m looking forward to to your continued success!

    Reply
    • Wallet Squirrel
      Wallet Squirrel says:

      Hey Graham!

      Yea our one Bluehost Affiliate sale was from a regular WS visitor, so that was pretty awesome. I’m really hoping to do more to promote that in the future, that’s more helpful than promoty. I’m excited to see how it goes and I’ll share what I learn!

      Thanks for commenting!
      -Andrew

      Reply
  5. Russell Barbour
    Russell Barbour says:

    Hi guys, nice read thanks! You guys should review, use and promote paid surveys if you don’t already. This is my first month blogging, having completed Michelles course and I found that using a Pinterest promotion strategy of these paid survey sites convert really well. You could probably double your monthly affiliate income the first month you do it! Hope this helps!
    Russell

    Reply
    • Wallet Squirrel
      Wallet Squirrel says:

      Hey Russell!

      I did an old review about paid surveys, but it may be worth trying again in the future. I ended up actually hating them because the trade-off of time to money wasn’t very great. We should have Adam try them and see if he finds them to be any more likable. =P

      Thanks for commenting!
      -Andrew

      Reply

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