Income Report - October, 2018

Hi everyone!

I’m excited to share my October Income Report to continue to track the progress I’m making with passive income streams. Every month I share these reports to show it’s possible to make extra money online and how I invest it to create additional income. It’s a really fun process and I’m always excited to share!

October, 2018 Income Report

In October I had about $274.53 in passive income, but I’ll admit $150 of that came from TurboTax renewing a link I had in a previous article. I mentioned TurboTax and they came back and offered to pay me to turn that mention into a hyperlink, and now renew that link every year.

Now I use that $150, like I do all my passive income streams to invest and create additional passive income. It works too because my second highest income this month were my Dividends at $35.87 this month. That is actually the highest dividends I’ve ever had, and it’s great knowing it’ll only continue to increase!!!

While the graph is great, here is another breakdown on each of the passive income streams and links to the articles where I dive down into a deeper understanding.

Sources of Income This Month – $274.53
$150 – TurboTax Link Renewal
$35.87 – Dividends
$25 – Ebates
$19.29 – Wallet Squirrel AdSense
$14.83 – Cashback Credit Card
$11.55 – Interest Checking/Savings Account
$7.29 – Seeking Alpha Articles
$5.72 – Stock Photography
$3.74 – Lending Club
$1.27 – Epic Niche Site Affiliate Marketing

What do I do with that money?

Every month I throw that money into my Emergency Fund because having that extra cash on hand is a great reassurance if anything happens and gives you a little confidence. However my Emergency Fund is currently full, so all that extra money goes into my Investment Portfolio.

I buy dividend stocks every month and this month was no different. I continued to buy shares of Iron Mountain Realty (IRM) while the stock was down. I ended up buying 16 shares around $31 per share. I really enjoy this stock and it has a healthy dividend that continues to produce.

What have I been up to this month?

This month as been a whirlwind of activity around my new start-up. I’ve been meeting with an accountant to figure out the best tax structure, a lawyer to help with my disclosure/privacy policy pages and now on the lookout for a developer to help me with some of the coding I need. It’s both exciting and a bit nervous coordinating this all before I go live. I just need to have confidence that this idea will work.

I launch the start-up at the end of January!

Wallet Squirrel

Wallet Squirrel is a personal finance blog by best friends Andrew & Adam on how money works, building side-hustles, and the benefits of cleverly investing the profits. Featured on MSN Money, AOL Finance, and more!