First of all, sorry for the delay on this month’s update post – I realize we’re already 10 days into September!
With August in the books, it’s time to recap how well I did in my quest for online passive income this past month. As a CPA/tax consultant, August is typically a very busy work month, because most extended tax returns (for partnerships and corporations) are due September 15th. Therefore, this past month I spent the least amount of time on my passive income projects since I began tracking my progress a few months ago.
Here’s the crazy thing though: This was my best month to date. I spent hardly any time on my projects, yet the power of passive income made it possible for my earnings to grow without additional work. Unfortunately, “not doing work” isn’t a sustainable way to grow. I’m going to need to work hard if I want continued growth (and work really hard if I want to accelerate that growth).
In case you haven’t been following this blog for long, I originally focused my monthly reports on my passive income income status only, but I’ve broadened the scope to include anything related to this blog. While I’m certainly not making enough money to quit my day job, I think people generally enjoy reading about others’ success and failure, so I’ve decided to share this information.
Let’s see what happened in August…