This income series started with a good reason. Some time ago, before even creating this blog, I looked on almost every report I found online. I was surprised how many people are open to share their personal info with others. I think that kind of transparency is amazing and I would like to go on that line.
The main reason for sharing is to show my readers that is possible to start earning money online and everyone can do it. Also it’s a good way to see what works for others and try to implement that for you too.
You can see that until now I added monthly income reports, but I do not see the sense of it for the moment. My sources of income are still limited. Also the amount is still modest, so I decided to convert the Monthly Income Reports to Quarter Income Reports.
For this article I will present the third quarter, which includes the following months: July, August & September.
Sources of income
Mainly I still had the same income streams: P2P lending, Medium articles, stocks, fixed bank deposits & interest from saving accounts. Also I have some affiliate marketing profits made by one of my Facebook pages, but I will not count that as I did not met the withdrawal limit yet. I will post a separate article about how affiliation work and how I am earning those money.
1 . P2P Lending income: Mintos – €34,96
I added €200 during these months because the interest rates really increased during July and August. Unfortunately the rates became really low (under 10%) starting with September. I still have to decide how to react to this change. One solution would be to keep my money on Mintos and wait for higher interest or another solution would be to withdraw all my money or a part of them from this platform. For this income report the interest is great, $34,96 of easily earned money.
I wrote only one new story on Medium in September, which generate me an income of $3.75. The rest of the income was earned by stories written in May and June. I feel like writing there should be consistent in order too see some great results.
You can see here: My first month writing articles on Medium – How much I earned
I added some screenshot from my accounts, so you can see exactly which stories achieved good results.
3. Stocks – $16.78
My stock account was not very active these three last months. The main reason for that is being in several small vacations. It was pretty hard to find the time for proper research, so I decided it’s better to not buy or sell without having the updated market data. I sold all my stocks for Intel, Mondelez and Matching Group. There was no serious reason for that, my goal was to get my cash balance in the account higher, so I can buy several Alibaba stocks. I am not really proud about selling the Mondelez stock in loss, but I had to do that as Alibaba got a really good price. You will see in the next report that it was a smart move and worth it (no spoilers, sorry).
I also have 2 dividend paying companies, CVS Health and Visa. The amounts are really small, but nothing to worry about as the future plans are including to have a bigger portion of my portfolio invested in dividend paying stocks.
|Company||Dividend ( USD )|
To sum up all these, I have earned $15.03 from stock transactions and $1.75 from dividends. Not bad for the limited time I had invested in the stock portfolio in this quarter. But it can definitely be better.
4. Savings account interest – $5.45
I like to keep the money in a saving accounts because of three reasons. The first one is kind of embarrassing, but I still have to share it with you. It is easier to spend money that are in your current account which is linked to your debit card. Money are more accessible there and are just too available for me, so I’ll use more.
The second reason is because it is way more safer to keep money in other place than your daily card. You probably heard many stories with people withdrawing cash from shady ATM’s, then realizing all their money are gone (this happens especially when travelling).
The last reason and the more important from the passive money perspective, you get an interest for keeping your savings in that account. I know it’s not a high interest, mine is 1% per year, but still better than nothing. Just imagine you keep 3000 dollars in that account. You will get 30 dollars each year only for keeping your money there. That is 2.5 dollars per month. As I said, that is not a fortune, but all these small amounts can add up.
Also the main advantage is that you can use those money anytime, without restrictions.
So in the last three months: July, August and September I got 5.45 dollars only for having money in the savings account.
As I previously said the time invested for generating this earnings was very limited, so I could definitely call this a passive income. If we convert €34,96 to dollars, will be $38.94. Now we can sum up all the money earned and we’ll get $72.89. Taking in consideration that most of it was earned while being in vacation or being at my day time job it’s not bad at all. Hopefully I can get to $100 for the next income report.