Changing Income Sources...!

revisesociology in #inleo • 21 days ago

So my passive income sources are down compared to my income from my new (ish) jobs over the last couple of months.

TBH I'm glad I put the effort into doing more paid work, it's really helped to keep the monkey off my back so far this 2024!

Income breakdown April-June 2024

I've done a little future projecting, as I know roughly what I'm gonna be paid at the end of this month coming up and here we go...

We are at 50-50 passive to paid!

20% from my resource sales, lower than I thought it would be!
32% from ads, my mainly passive income, better than I thought.
48% from paid work, but that's not that much work - around 3 weeks in April, then 2 weeks in both May and June.

chart (2).png

Paid work...

I'm back in the teaching game again, but there's not that much teaching, which suits me - so far it's one three day course every couple of months, but they are quite intense, but it's a nice income to have and breaks up the months!

I've earned some OK money from NatCen, OK minimum wage, but it was interesting work for five months, but I've quit that now and have a new interviewing job, much better money and no weekend work!

My revenue has been drifting down, but up again because of exam seasons. I recently discovered the joys of AI ads, so I am doing some co-creating and hope to generate more revenue from these over the coming months.

Resource Sales

These are a little old and tired now, I need to update them, they are still a decent income but do need some work, hands up!

In addition to the above I do make a fair amount from interest on just good old cash savings, but TBH I don't want to treat that as income as that's just holding the value of those savings against inflation, well, holding up some of the value!

Income over summmer...

I'm prepared for my ad revenue to go way down and the resource sales too, I'd be surprised if these are more than £200 a month between them for July/ August.

I need to make this up with paid work over summer, which shouldn't be a problem, and I've got a massive buffer stacked up from spring!

All in all I'm relying once again on paid work more, but TBH I think a couple of weeks work a week is OK ATM!

Posted Using InLeo Alpha

#cent #proofofbrain #neoxian #dave #life #uk #personalfinance

21 days ago in #inleo by revisesociology

22.49 VYB

Sort:

Trending

[-]

reaken 21 days ago

This is so interesting and cool. It will make sense for me if you could share the link for the AI ads.

Thanks in anticipation

0.00 VYB

[-]

revisesociology 21 days ago

It's a company called Ezoic.

0.00 VYB

[-]

theringmaster 21 days ago

Wow bro, you've really got a solid plan balancing your income streams. Focusing more on paid work is pretty smart, especially with how uncertain things can get. Good luck with everything this summer bro.. !WEED

0.00 VYB

[-]

weed.dispenser 21 days ago

@revisesociology!

@theringmaster passed you the virtual joint!
_{If you do not want to receive these comments, please reply with !STOP}

0.00 VYB

[-]

lenonmc21 21 days ago

This income is great, I am looking for paid internet work right now, but still not having much luck, I would appreciate some tips on how to go about it.

I can give courses in my knowledge, but I don't know where to start.

0.11 VYB

1 vote

[-]

revisesociology 20 days ago

You need a niche and about 3 years to build up a decent portfolio! That's how long it took me anyway.

0.00 VYB

[-]

steevc 21 days ago

Any passive income has to be a bonus. Mine is fairly minimal really from various Hive stuff. I'll still have to do the day job, but I could start planning when I might retire. If I do then I need some idea of what I'll do with my time. I could do more music stuff for a start.

0.21 VYB

1 vote

[-]

revisesociology 20 days ago

I have a feeling you'll find plenty of stuff to do!

0.05 VYB

1 vote

[-]

ifarmgirl 20 days ago

You have various income sources and having passive amongst them is great. Congrats on your new job that pays better and you don't have to work all day and all week :)