Our Goals for April Were:
Increase our monthly earnings to: $2,716
Increase our share of earnings from equities by 1% (for a new total of $285)
Our total income goal (both active and passive) for April was then: $3,001
Earnings
Earnings for April 2021: $2,811!
Sales have picked up significantly (we actually sold out of quite a few listings more than a month ahead of schedule). So we got paid now, but we might see a decline later as we’re now sitting under-inventoried for the time being.
BUT, if we can hold this line, then we will have exceeded our goal of increasing our earnings by 15% this year. That’s more than half a year early!
Of course, that is a major ‘if’….
I do think it is possible, though maybe not likely. Things are slowing down at our main jobs which means we will be able to turn our attention to refilling our inventories again very soon.
So for now, we will try to maintain this level. We met a few good headwinds so far this year, but I don’t want to get overheated in our earnings growth. We’ll wait until we can be confident of these earning levels before we move the goalpost again.
Hours Worked
220. April sucks. It always sucks. The workload at our school explodes during April.
Its the end-of-year rush. We get slammed with last-minute letters of recommendations, paperwork, budgeting, finals… the list goes on.
This means that there was no time left for this website or the Amazon storefront. We still had a good amount of cash coming in passively.
Still, we consider this amount of work a failure for the month. Our goal here is to work far less than the ‘standard’ 40-hour week.
Passive Income From Investments
Our share of earnings from stocks we own: $315
ANOTHER big win for earnings this month!
Most of the earnings are in for the first quarter of 2021 and things are looking good. Earnings in the S&P 500 are almost back to their pre-covid levels. This means that we are buying earnings now (as part of our normal investment plan) at a much more comfortable level than last quarter.
It also means that, thanks to the increase in S&P earnings, we are $2 away from our goal of increasing investment earnings by 15% this year.
Total Online And Passive Income
We earned $2,811 in April
Our share of earnings from the stocks we own was $315
Altogether we earned $3,126
We worked for 220 hours (boo). Therefore we earned $14 per hour (Double boo.)
Our Goals For Next Month
Maintain our monthly earnings at: $2,800
Increase our share of earnings from equities by 1% (for a new total of $318)
Our total income goal (both active and passive) for May is then: $3,118
Further Reading
To see how we set up our business, check out our Guide to Starting a Home-Based Business.
To see how we invest our earnings for passive income, see Our Guide to Investing.
To see how we manage our business to minimize the hours we work, see our Productivity Guide.
Or to see how our income has changed over time, see our main Income Reports page.
Books Read This Month
We believe reading is absolutely essential to running a successful business. You should read as widely as possible. To that end, here are the book we finished this month.
- Indistractable
- Grit
- The Rational Optimist
- Mastermind: How to Think Like Sherlock Holmes
- Finding Flow (Reread: This and Flow are two of my personal favorite books ever)
- Narrative Economics (I think one of the most important books I’ve ever read. I think about it every single day)
- Irrational Exuberance