$10 Per Day Per Month
So you want to increase your passive income but feel overwhelmed by the thought of needing to do it all at once. At least this is how I have felt at times. I decided I am going to take baby steps and not get stressed out over it. I want to show you some cool math I did today. I wrote it all down and posted it on my wall so I can see it while working on the computer.
The power of increasing your income by a simple $10 a day per month. So during a month you work on a project that will bring you a residual income of $10 per day. If you started in August this is how much your income would increase -
Remember this is all passive income so it will never stop even if you stop working!
August 2007 - $10 a day = $300 month / $3,600 year
September 2007 - $20 a day = $600 month / $7,200 year
October 2007 - $30 a day = $900 month / $10,800 year
November 2007 - $40 a day = $1,200 month / $14,400 year
December 2007 - $50 a day = $1,500 month / $18,000 year
January 2008 - $60 a day = $1,800 month / $21,600 year
February 2008 - $70 a day = $2,100 month / $25,200 year
March 2008 - $80 a day = $2,400 month / $28,800 year
April 2008 - $90 a day = $2,700 month / $32,400 year
May 2008 - $100 a day = $3,000 month / $36,000 year
June 2008 - $110 a day = $3,300 month / $39,600 year
July 2008 - $120 a day = $3,600 month / $43,200 year
August 2008 - $130 a day = $3,900 month / $46,800 year
September 2008 - $140 a day = $4,200 month / $50,400 year
October 2008 - $150 a day = $4,500 month / $54,000 year
November 2008 - $160 a day = $4,800 month / $57,600 year
December 2008 - $170 a day = $5,100 month / $61,200 year
January 2009 - $180 a day = $5,400 month / $64,800 year
February 2009 - $190 a day = $5,700 month / $68,400 year
March 2009 - $200 a day = $6,000 month / $72,000 year
I chose the March 2009 date to add up to because that is the end of my debt free goal deadline. If I can increase my income by $6,000 a month by that date I will surely meet my goals.
Anyone want to do this with me? I would love to have some buddies to go along this journey with.
Progress Overview
I would LOVE to!!!
~MelissaLori~
Put me in coach. I’m ready to play.
So in other words, you’re looking to do one or a combination of projects each month that will earn you 300 dollars a month.
All those 10’s were confusing me! lol
Yep, all your efforts for the month just need to bring you $10 a day in passive income or $300 a month.
I will join! I was shooting for $17 a day to make $500 per month, but its not working, so I’ll go this route!
I’m getting there, Amy. Count me in! My efforts were disorganized this summer, but with the discipline you’ve written about and the 30DC, I’m learning the ropes of earning increasing amounts of money each month. My first goal is to make $10 in August on 30DC. The earnings goals I posted in my blog are way too aggressive for my skill level. I must learn to swing the bat and throw the ball before I even join a little league team, to continue the baseball metaphor. But, as I learn I hope to see an exponential growth curve rather than a linear one. But shooting for a linear goal is the conservative and right way to go. Then if I get exponential growth I can be pleasantly surprised!
Love the math! It makes things seem quite do-able.
I’d love to journey with you.
Amy,
You know I am in. I definately need the visual reminder on the wall too! I posted a visual reminder of my debt by my computer at work. I am sure my co-workers are wondering what it is. It doesn’t spell anything out for them. It is just a reminder for myself.
I’m in! I just started on this journey..so I’m game.
Count me in as well. Will we have a place for all of us to track this goal?
We can start a facebook group if you’d like.
A Facebook group sounds like a good plan to me!
I may be out of touch for a couple of days — just got a call and have to take my mother to the hospital again.
count me in, amy.
i am new to all of this and joining with some people would be a huge, huge help!
I would love to do this and get out of debt. I’m just starting out and have no real focus. I need to get a plan together.
Sure i am in great need to do this!!! Tell me how please!!
Yes please tell me how
I would be interested in joining your group Amy.
I already set up more aggressive goals for myself for 2007, although they may be unrealistic as far as the passive income side goes. I pretty much plan to fail my goal unless I am surprisingly successful.
I think your approach is more realistic.
Looking forward to working with you!
wooohooo Amy I am on board! Thank you, Thank You, Thank You
Cout me in Amy, New to any of this butreally keen to learn
Leone
I’m for it. I’m ready to get this debt paid off. So, count me in please.
What things are you going to be doing? just what you have been doing but making sure you hit the goal of 10.00? You need to explain more please.
Its up to everyone to find their own projects. I cannot supply your projects for you. The group is for us all to discuss our progress and motivate each other.
Amy
I’m ready to learn and have fun doing it. Count me in……….
I love too amy!
but my most problem is i am not from US and Most of the opportunitie’s are in US guys….but i’ll be glad to be coach…im glad i joined your newletters.
Count me in. I’m trying a bunch of different things online but I need to find the right combination that works.
[...] So I HAVE been progressing every single month! In fact, my trend is really starting to look more and more like my original $10 per day per month plan. [...]