Our Goals for February Were:
Increase our monthly earnings to: $2,650
Increase our share of earnings from equities by 1% (for a new total of $279)
Our total income goal (both active and passive) for February is then: $2,929 or an hourly rate of $133 per hour
Earnings
Earnings for February 2021: $2,605
We missed it by $45! SO close.
Oh well. I’m not too concerned. If we miss it over the next few months, It’ll be a different story, but for now. No big deal.
We are still (slightly) ahead of where we need to be to reach our year-end goal of increasing earnings by 15%
Hours Worked
90.
This website represents the majority of our online time commitment this month. We’ve really been pushing hard to add content (besides these income reports).
We would love to have our main ‘pillar’ content (how we invest, how we minimize our time commitments, etc) done by the end of the year.
Fingers crossed.
Passive Income From Investments
Our share of earnings from stocks we own: $299
THIS was the big win of the month!
We had a few earnings updates this month, including Vanguard’s report for VOO (Which is the lion’s share of our portfolio).
Earnings seem to be picking back up as vaccines roll out, as business adapt to this post-covid world, and that means good news for us!
Why?
Because as earnings fell last year, we increased our investments whenever possible to meet our goal of growing investment earnings by 15% for the year. As earnings pick up, we will gain a double benefit: one from the shares we continue to buy as part of our plan, the other from the shares bought last year (also according to our plan)
If there is a kind of magic to our model here (and I believe there is) it is this. The ability to see the behind-the-scenes earnings and leverage that for serious growth.
How serious?
Over the last year, I made nearly THREE TIMES as much money from my investments than I did from my full-time teaching job.
And I certainly put way more effort into teaching.
Total Online And Passive Income
We earned $2,605 in January
Our share of earnings from the stocks we own was $299
Altogether we earned $2,904
We worked for 90 hours. Therefore we earned $32 per hour!
Our Goals For Next Month
Increase our monthly earnings to: $2,683
Increase our share of earnings from equities by 1% (for a new total of $302)
Our total income goal (both active and passive) for March is then: $2,982
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.
