Almost $15k Passive Income for Q1 2022 - A Little Money Here and There

Tracking TNFG’s QTR 1 2022 Passive Income Progress

The first quarter of 2022 was rough. Winter dragged on and the passive income dragged down. Society is learning that 2022 is not like 2020 or 2021. With price inflation up, some goals might not materialize this year. 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 mantra says the solution to a challenging word is a tougher person. And “tougher people earn passive income streams.”

Final total: $14,703.81

Table of Contents

Wavering Consultations in QTR 1 – $9,919.27

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

We do work hard for these extra dollars but there has to be a better way. 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 and a potential partnership for the rest 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.

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.

Additionally, i think it give creatives like me more credibility if I became an author even though I’ve written over 250 blog posts.

Ad Revenue: $0.00

My blog hasn’t brought in a dime yet. We launched it in July 2020. I’m guessing it’s a failure. And Google won’t pay me until the total Ad-sense value is north of $100. As of April 2022, it’s $100 so I guess I’m getting my first check. Worked nearly two years for that.

This is terrible.

Medium: $1.91

Medium booted me from their partnership program even though they charged me $100 for a year of membership. I was only able to bring in $1.91. Average for each month? 0.63 cents.

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 $4,534. This includes $775 per month on the mortgage and $290 per month for the home owners’ association fee. On top of that, we replaced the over and completed electrical repairs.

Net result so far is Negative $784 for the quarter.

Referral and Affiliate Income: $100.00

Our Referral for M1 Finance came in at $100. Only two people took the insane deal of investing $100 and getting $50. That’s a 50% increase while the market was down 8% year-to-date (April 2022). People really miss out on great opportunity out of fear or lack of knowledge.

Besides M1 is an amazing broker.

Real Passive Income through Investing for Dividends: $932.63

In total, we brought in almost $1k worth of dividends in the first quarter through five investment vehicles.

This represents over 60% increase from the first quarter of 2021.

This included companies like $MAIN, $XOM, $NVDA, $HD, $MMM, $JEPI, $SBUX, $VTI and etc. Our biggest payout was $583 in March; I’m guessing the last month of the QTR will always be huge.

Blog Promotion, Growth and Passive Income Potential?

In March, there were over 1.3B in organic search traffic based on my keywords. Authority Score is 30 but the audience is growing (Up 19.8% YTD). Motivated to keep putting out quality and meaningful content for the time being but I’m not sure how I will feel once we become Millionaires by July 2023.

Blog Statistics to build on Passive Income Weaknesses

Total views for the first quarter was 16,759 with over 2.1k clicks from organic google searches. My average position is 29.2 (down 6.29). 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 branding.

1^st QTR 2022 Progress Report – Final Thoughts

Blogging is very difficult and it’s ultimately not very passive.

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.

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.