Passive Income Streams: Oct 2016 Report

tractor with hay bales in field

charlie_imageBoom! Drop the mic! My mortgage payoff is getting real. Real to the tune of accelerated payoff! Wow! Scary times! Scary to think that my reality of being debt free is happening with a little hard work and planning.

I feel like the story I'm living of becoming debt free isn't any different than anyone else's. It is rather boring, and almost unimaginable. Like the lost city of Atlantis. I feel like I'm not doing anything special to become debt free. I'm just saving money on everyday expenses, spending less than I make, and hitting the same mortgage payment button you and I both hit. I'd like to say that I'm doing something super to
get out of debt, but honestly I'm not.

It is through this process and gaining insight from Dave Ramsey, and fellow debt free friends I realize that debt freedom for the common everyday person is just that. Boring. However, I wouldn't trade it for the world. You know…think about the alternative way of becoming debt free. WINNING the lottery. Most people that win the lottery are bankrupt within 3-5 years. Me on the other hand, I know what my labor and hard work have produced. It is producing a understanding that hard work, education, and thriftiness can lead to freedom from the shackles of debt.

So here is a breakdown of what this past month's passive income and mortgage payoff look like:

Mortgage Pay Off Countdown

Balance: $52,959

Paid last month:  $8013

Extra Money That Was Applied: $6,387

Goal of Pay Off Date: August 2018


  • Pension – [2016 Goal – $1308 – made $981 thus far] – the pension continues to feed our private school fund at a consistent rate with no required action.
  • Peer-to-Peer Lending – [2016 Goal make $100 – made $19.23 thus far] –  I've continued to pause my contributions until after I've paid off my house. Also, I was previously distributing my egg sales to Lending Club and since we stopped doing the farming, then we won't have any more of this income stream.
  • Egg Sales – [2016 Goal – $360 – made $112 thus far] – stopped raising chickens on the side to focus on my AirBnB operations and other priorities at home.
  • Blog Income – [2016 Goal – $6000 – made $6205 thus far] – month over month our blog income has been one of the most consistent passive income for our family and is helping us pay private school and get our mortgage paid off early. I've blown away my expectations for 2016 and everything else is just frosting! I'll have to raise up my goal for next year.
  • Two Checking Account System – [2016 Goal – $500 – made $263.00 thus far] – this income stream has pretty much stopped after I made my initial video and system in January. I'm thinking about starting to make videos for my passive income update and publish them as I get towards my final goal.
  • Schwab Monthly Income Fund – [2016 Goal – invest $1200 and make $100] – drip…drip….drip. This investment that I've halted contributions too is providing a nice cool $.77 per month. :) Pretty easy passive income that doesn't require a lot of work.
  • Amazon's MTurk – [2016 Goal – make $500 – made $30 thus far] – no progress here as I focus most of my efforts on the blog and AirBnB.
  • AirBnB – [made $476 this year] – last month was huge for my AirBnB venture to get off the ground. We netted $408 last month and November and December are already looking to make about the same. All of this profit is going straight towards my mortgage.

I hope as people have seen my honesty in where I'm making passive income from that you can see that there are lots of opportunities out there. Anyone can take advantage of them, but it is just a matter of putting in a little elbow grease into it. I've realized a lot about putting my money into things that make me money vs things that are liabilities. I hope that my journey is inspiring to you, and that you can realize that anyone can become debt-free.

What about you? What is your story? Are you debt-free? What are you doing to become debt-free? Leave a comment below.

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