My Side Income - June

As my previous post stated, I have made my target to bring in additional $80 for June. I think it is interesting to see what amount of money I am able to generate besides my employment income. For now, it is pretty simple. All of my side income fall in two categories: Blogging income and money from investment such as interest and dividend. For the month of June, my blogging income is $120. The interest and dividends from my investment adds up to $80. Overall, I am able to bring in around $200 per month besides my regular pay cheque. $200 a month is enough to cover my monthly food expenses plus the cost of my car insurance with a little bit extra left. I am working towards two more ideas to generate a little bit more money each month. Both of the projects should go live in the month of July. Let's wish me luck. I will provide an update later on.

I Hit My Target for Side Income This Month!

If there is an equation to rich, I would put it this way: Spend Less+Make More+Invest Intelligently= Wealth. I am living within my means. In fact, I could not find any more ways to stretch the dollar, not until I am ready to be starving anyways. In the meantime, I am investing. Hopefully, I am doing it intelligently. Having said that, I think I can be working towards making a little bit more.

Early this month, I have set a goal for myself to generate $80 additional income. Up till now, I am proud to say that not only I hit my target, but I am actually making additional $102 for the month of June, more than 120% mission accomplished.The money mostly comes from blog sponsorship and the sponsored posts I have been writing. Here I really want to thank SocialSpark and PayPerPost for all the wonder opportunities. I hope that it is sustainable for me to bring in about $80-$120 each month by continuing doing this. Considering the money is after tax, it would be equivalent to about $1370~$2057 annual pay increase to me. (My marginal tax rate is around 30%) Not bad at all!