How We Made $20k in Passive Income for Q2 2022

Tracking TNFG’s QTR 2 2022 Passive Income Progress

The second quarter of 2022 was hopeful. High prices raged on and it’s likely that the passive income economy dragged down. With price inflation up, some goals might not materialize this year but we will likely still land in the positive. My primary mission for the 2nd half is to ramp up Financial Literacy consultations and write some E-Books? [Speaking to myself, “any day now”]

My internal compass still leans toward overall gratitude. I work from home. Additionally, I have a beautiful wife who loves to travel like I do. Our growth is proving to us that the solutions to a challenging word are merely tougher and more resourceful people.

Can’t wait for the world to merely give you all your hopes and desires.

Final total: $18,813.38

Almost non-existent consulting in QTR 2 – $14,208.70

My wife and I have two consultations side hustles on top of our 9-5s. Her passive position was way more consistent until she quit.

No more slush fund. We did replace that income with a new puppy expense though… So yeah?!

Beyond that, we work hard for any extra dollars. However it’s definitely not giving passive income vibes.

Next year, I’m considering heading back to college for the Certified Financial Planner accreditation. Maybe that will bring in more money? My wife on the other hand is looking for a bigger pay day with the 9-5.

I guess we will have to stay tuned!

Wife’s Small Business Events Manager: $6,666.68

To elaborate, she works for a small business incubator start-up which nets around $3,000 per month. It’s stressful for her so here’s hoping she sticks to it because she hates being bored.

Financial Consultation: $3,252.59

It’s often challenging to get new clients (per say).

I’m definitely not a salesperson so I’m leaning into sharing opportunities for building wealth versus merely as a means to passive income. I did scores three workshops with great companies. Got to start setting up potential partnerships for next of the year.

We will see where it goes but I likely should pivot to e-books like the Get Rick Quick like a Millionaire.

Tax Reimbursement and Repairs: $4,289.43

Since I do taxes around April, I was able to pull in an extra $4.289.

Passive Income Producing Side Hustles: $3,851.91

Unfortunately, I didn’t knock out the goal to create a couple e-books.

I seriously need to get my priorities in order but I get sidetracked with either boredom or other projects.

Book revenues could be as low as $500 per month, it would still be nice. An investment of $500 per month at 8% can turn into $1M in 34 years.

That’s easy money.

Additionally, I think it give creatives like me more credibility if I became an author even though I’ve written over 275 blog posts. This passive income is proving to not be that passive at all.

Ad Revenue: $100.00

Although the blog launched in July 2020, it’s really not making any money. I’m guessing it’s a failure. The total Ad-sense value is $100 as of April 2022. Worked nearly two years for that.

This is terrible. Blogging is truly God’s work.

If you want to succeed at this; read, “How to make money with ads on your site with Google AdSense.”

Rental Income: $3,750.00

Rental Real Estate comes in consistently with $1,250 per month. However I didn’t talk about the expenses which totaled $3,450. This includes $775 on the mortgage; $290 for the home owners’ association fee; and, $85 for XFinity.

Net result about +$300 for the 2nd QTR, and Negative $484 YTD.

Read, “How To Build Wealth by Investing in Rental Properties.”

Misc. Expenses: $1.91

Real Passive Income through Investing for Dividends: $752.77

In total, we brought in $752.77 worth of dividends in the second quarter through our five investment vehicles.

These vehicles include one M1 account for our after-tax portfolio, two ROTH IRAs, one HSA, one traditional IRA, and one Health Savings Account (HSA). Well that part that’s invested.

This represents over 12.71% increase from the second quarter of 2021.

This included companies like $MAIN, $XOM, $NVDA, $HD, $MMM, $JEPI, $SBUX, $VTI and etc. Our biggest payout was $543.06 in June. The last month of the QTR will always be huge.

Read “How to Make Money from Dividends: 7 Ways to Profit.”

Blog Promotion, Growth and Passive Income Potential?

In June, there were over 1.1k in organic search traffic based on my keywords. Authority Score is 30 but the audience is growing (Up 19.8% YTD). The visibility increased by 11% as well. Post traveling, I’ll have to carve out a better time schedule for weekly blog post releases that I can keep up with.

I like the element of being consistent for the few viewers that I do have.

It’s all about putting out quality and meaningful content for the time being. However, I’m not sure how I will feel once we become Millionaires by July 2023 or multi millionaires by December 2025. The Financial Griot Podcast team is headed to FinCon2022 to learn from the best.

Blog Statistics to build on Passive Income Weaknesses

Total views for the second quarter was 12,835 with over 1.3k clicks from organic google searches and 96.5k impressions. I don’t know what it all means to be honest lol.

My average position is 36.6 (down 7.35%). I have a lot of work to do in regards to ranking keywords. This is among the things that I needed to learn in my 20s as well as better branding. Building a following isn’t what it used to be.

High quality photos and engagement is the name of the game. Some people get the clicks and likes but I don’t . Oooh well, I’m more focused on Early Retirement.

2^nd QTR 2022 Progress Report – Final Thoughts

Blogging is very difficult and it’s ultimately not very passive. I put in way too much work for little to no pay out. And the wifey doesn’t like it either.

However, I have a feeling that years from now; it will be a treasury trove. For now, at least we did better than Q1 2022. Read how that went here, “Almost $15k Passive Income for Q1 2022 – A Little Money Here and There.”

In regards to increasing our passive income streams, I’m strongly leaning toward just making more money in my day job and focusing on owning more Real Estate for rental revenue and investing for more dividends.

I really favor consistency which RE and dividends dish out in spades. For 2023, I’ll pour into a Certified Financial Planner certification and instruction.

In the end, there are multiple ways to build wealth and some ways might not be a great fit for you. Check out the Financial Griot Podcast were we chat up all things Financial Literacy and Life. Or link with me on Instagram.

About Author