Our Goals for August Were:
Increase our monthly earnings to: $2,905
Increase our share of earnings from equities by 1% (for a new total of $352)
Our total income goal (both active and passive) for August is then: $3,257
Earnings
Earnings for August 2021: $3,505
We made a huge reorder purchase this month (our biggest ever).
AND we made it a full month ahead of schedule. We just sold out of so many items so fast.
We could have pocketed a lot more profit this month than we did, but we decided to expand the storefront more than we normally would.
Hours Worked
69
Boo.
What happened?
Well, we stuck to our two-hour-per-day schedule very closely. But then summer vacation ended.
Our school year is starting and we spent the last part of this month in in-service.
[Spoiler] Had it not been for our extra-long in-service days, we would have earned $96 per hour.
Passive Income From Investments
Our share of earnings from stocks we own: $360
I finally got off my butt and invested the rest of our money from last month.
There was nothing really exciting to report here. We just did the same thing we do every month.
The biggest growth in our business so far this year has come from these investments.
Total Active And Passive Income
We actively earned $3,505 in August.
Our share of earnings from the stocks we own was $360.
Altogether we earned $3,865.
We worked for 69 hours. Therefore we earned $56 per hour.
Our Goals For Next Month
Increase our monthly earnings to: $2,941
Increase our share of earnings from equities by 1% (for a new total of $364).
Our total income goal (both active and passive) for September is then: $3,305.
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.
