Our Goals for July Were:
Increase our monthly earnings to: $2,870
Increase our share of earnings from equities by 1% (for a new total of $332)
Our total income goal (both active and passive) for July is then: $3,202
Earnings
Earnings for July 2021: $4,045
We had another excellent earnings month! The storefront really shined this month: This was our best single month since the start of the pandemic. (And we’ve had some seriously good months since then).
Hours Worked
40
We stuck to our two-hour-per-day schedule very closely. July is a nice month to work on this stuff because we have very little to do from our day jobs (teachers).
Leslie worked about 4 hours on the store this month. The rest of that has gone into building this site and researching new marketing ideas.
Passive Income From Investments
Our share of earnings from stocks we own: $349!
We still had a good chunk of extra profits to reinvest this month (and still do, I really need to get off my butt and invest more).
Earnings among the S&P 500 have continued their climb back to normal. So general increases among companies, plus a new infusion of reinvested profits means we blew way past our monthly goal (which was $332).
We started this year with about $270 monthly earnings from our investments. That means, just over halfway through the year, we have blown past our goal of increasing these earnings by 15% (we are currently around a 30% increase).
Total Online And Passive Income
We earned $4,045 in July
Our share of earnings from the stocks we own was $349.
Altogether we earned $4,394
We worked for 40 hours. Therefore we earned $109 per hour
Our Goals For Next Month
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 July is then: $3,257
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.
- The Forever War
- You Can’t Win (The best book I had never heard of. A memoir from a hobo burglar from the late 1800s)
- Dollars and Sense
- Simple Rules
- Warren Buffett on Business
- The Art of the Start
