How to Do More with a Little Passive Income in Q3 2022
Tracking TNFG’s QTR 3 2022 Passive Income Progress
The third quarter numbers are in. It’s not that good. Gone are the $20,000 quarters. Our base efforts are settling near $4,500 per quarter (or $1,500 per month) . Unfortunately, household expenses are mounting while an energy crisis is brewing.
All of this will be particularly challenging in 2023. With price inflation up, a rough global recession is all but certain.
On a personal note, some of our household goals did not materialize this year. In essence, we will have to be extremely creative next year. As we work toward a new house or simply a new car, these high interest rates will be difficult to overcome. Our primary mission for the 4th quarter is to get healthy and travel. I’m working on PowerPoint presentations and my wife is helping out on our cousin’s wedding. Brownie (our puppy) is working on making friends.
It’s all hands on deck.
As always, no matter the challenge, I lean toward Gratitude. Too often we forget that these are merely first world problem in comparison. Our personal and household growth is not centered on one number. Instead, it’s about the journey and documenting the process for the future. By sharing our challenge, we do hope to equip you with experience and solutions along your way.
Final total: $6,234.54 (Down 66.86% from Q2)
Table of Contents
Almost non-existent consulting in QTR 3 – $500.00
Wow. We went from two consultation side hustles to zero. And I’m still tired. Her passive position was way more consistent until she quit.
I guess it’s all about the puppy now. However, we definitely need to innovate since a recession is coming in shortly. Time to get creative and record lessons online.
All of this is not giving passive income vibes.
Next year, I’m heading back to college for the Certified Financial Planner (CFP) accreditation. Maybe that will bring in more money? My wife, on the other hand is looking for a bigger pay day with better flexibility. We are sticking to traveling and our net/max financial plan.
See how the Business Cycle is Tracking based on Fidelity’s Q3 estimations:
Passive Income Producing Side Hustles: $4,850
Unfortunately, I didn’t knock out the goal to create a couple e-books. We’ve been traveling and I’m being extremely lazy.
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.
Misc. Passive: $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. However this $100 is from helping a friend with the credit issues. Teaching people ad hoc does.
Blogging is definitely not the most efficient use of time. If you want to succeed at this; read, “How to make money with ads on your site with Google AdSense.”
Rental Income: $4,750.00
Our Rental RE income brings in $1,400 per month. However, I didn’t talk about the expenses which totaled $5,950. This includes $775 on the mortgage; $290 for the home owners’ association fee; and, $85 for XFinity. Plus about $2,500 to ready the unit for the new semester.
Net result about -$1,200 for the 3rd QTR, and Negative $1,684 YTD. All this to say, it’s not that sexy to be a real estate investor. Nor our your efforts that passive.
Read, “How To Build Wealth by Investing in Rental Properties.”
Real Passive Income through Investing for Dividends: $884.54
In total, we brought in nearly $885 worth of dividends in the third 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 6.68% increase from the third quarter of 2021.
This included companies like $MAIN, $XOM, $NVDA, $HD, $MMM, $JEPI, $SBUX, $VTI and etc. Our biggest payout was $589.58 in September. 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 September, 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. To close out the year, we are headed to Portugal and Spain.
Blog Statistics to build on Passive Income Weaknesses
Total views for the third quarter was 15,789 with over 1.5k clicks from organic google searches and 123k impressions. I don’t know what it all means to be honest lol.
My average position is 36.9 ( up 1.64%). 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.
3rd 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. Turns out, she doesn’t like the podcast too. She just wants me to hang out with her all the time.
However, I have a feeling that years from now; it will be a treasure trove. However, every bit helps. Read how that went here:
- Almost $15k Passive Income for Q1 2022 – A Little Money Here and There
- How we made $20k in Passive Income for Q2 2022.
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.
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