Monthly Income Reports

I have a secret addiction:

 I love to read monthly income reports. I love to see what other people are up to, how much they are making and what mistakes they’ve made (and learned from).

The thing about the Internet is it has opened a lot of doors. You’re limited by your imagination and maybe your typing speed.

I think seeing what other people earn, especially if it’s more than you currently earn, is really inspiring so I thought I’d share with you some of my favourite sites that share their monthly income reports:

Smart Passive Income – This is no secret to anyone who’s interested in making money online, especially passive income. Pat is a bit of a legend online and he’s very impressive $75,000 last month is just huge. That’s more than double my goal and very inspiring. Initially he started making money through selling an online study guide and expanded to adsense websites. Now the majority of his money is made from his website, Smart Passive Income and the links and products his loyal readers click on and buy.

Making Sense of Cents – Michelle is a young wife who’s quickly managed to get rid of her student loan debt and even bought a house at a ridiculously young age. She posts monthly income reports as well as blog posts about everything to do with finance and savings. We earn about the same amount per month, although she does a lot of freelance writing and contracting as well to make up her income.

Rat Race Grad – Jennifer’s blog documents her efforts to make money online and leave the rat race. The bonus is she’s a world traveler, and it’s obvious it’s one of her big passions and driving forces behind her goal towards financial freedom. She does monthly breakdowns so you can see where her money is coming from as well as giving tips for earning money online.

Authority Website Income – Jon is very technical with his monthly income reports and is around the $10,000 per month mark which is where I’m sitting too. So it’s really cool to see what other people in the same league are earning. This is just a “side” income for him (although a very large one) as he’s still kept his job. He’s focusing on websites that generate passive income.

Pinch of Yum – Lindsey’s a food lover who’s blog generates a pretty impressive income, over the $15,000 per month mark after expenses. She even breaks down where her income comes from and all her expenses so you can clearly see what’s going on. Even though we’re in very different niches, I love reading her monthly reports and tips.

So these are my favourite blogs that post monthly income reports.

Do you have any that you read regularly? Feel free to post them in the comments below. 

The purpose of these monthly income reports is to keep myself accountable, to track my earnings and to inspire others. It is possible to make a good living online. In one of my busiest months last year, I made half of what I used to make in a year in only a month.

This income is made through advertising on my blogs and at this stage I have no intention of sharing any of my other blogs on this site. It is to protect them and to keep them private. If and when this blog starts to make any income I will list that separately so you can see how it’s doing.

Total for the month of March:

$11112.34 New Zealand Dollars 

That’s quite a lot lower than usual, but I’ve been really busy dealing with some family issues so I’m not too really surprised.

Ways I intend to increase my income in the coming months:

Outsource my emails
One of my biggest weaknesses is that I am quite bad at keeping up with emails. Either I send them out and I don’t follow up, or my inboxes  get cluttered and I lose track of what I’m doing. The majority of my clients are based in the UK and with the time differences it can take a few days of emailing backwards and forwards to get a deal. I feel like it’s quite inefficient, so I’m hiring someone else to help me with this.

Diversifying
The key with anything is to diversify, so I’m taking that approach to my online income. This blog, Wealth Way Online, is a big project that I’m going to invest a lot of time into and I hope that it will lead onto a more diversified income.

Being More Organised/Creating a Schedule
Working for myself is great… except that I’m not really accountable to anyone else. That might be a big bonus in some regards, but it can make things a bit challenging especially if you’re getting a bit too relaxed. This blog will help me be accountable, but I also want to hold myself to a schedule. While sleeping in until mid day is fun, it’s quite a big waste of time.

The family issues are set to continue for the month of April so I’m not expecting anything outrageous for this month, either. However I’m going to start looking for a General Virtual Assistant (GVA) to help me with email management. I’d be quite happy if I could outsource all of my work and make myself “jobless”.

My announcement is: 

I’m moving to Spain! For a few months of the year, anyway. My partner and I are heading to Alicante or Valencia for 1-2 months before traveling Europe for a month. Then we’ll probably move to Lisbon for 2-3 months. I’m so excited. I’m looking forward to leveraging the currency differences.

Do you have any tips for dealing with your emails and motivating yourself? Let me know in the comments below