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As mentioned in a previous report, the main goal of creating multiple streams of income is to create wealth. Its no good unless you get to keep it So my reports are going to start including debt, savings and net worth. I got the idea from Jeremy over at Zero Passive Income, he turned his financial picture around in about 6 months! Follow his blog as he posts some great info and inspirational posts. Now the wife dosent want her debts public so for now her side is not part of the equation, and who knows I may feel that way down the road.

Photography Business

It was a busy month session wise with 17 sessions (goal is 16) Income wise I just hit the comfy level. Hoping Oct I will have more ordering sessions

AdSense

Continues to stumble along. Couple sites that were producing have moved on down in rankings and I havent had the time to do back linking or article marketing at all. Did have a little surge in the last few days to get me just short of last months total. Even received a couple cents with adsense for feeds.

Amazon

Did pretty good this month (hey increased over last) Learning a bit more what to look for and to not take books that the scanner says are worth $3 after fees the .50 is not worth it same goes for dvds, stick to the higher paying blu-rays if you can find them. Still most was from home inventory with maybe 30-40% from 2 book sales. On the other side of amazon, if you read my article ‘Amazon Affiliates back in action in California‘ you know that the law was repealed here and yet we are still waiting for Amazon to reinstate our accounts. WHEN this happens I will be working the amazon parts of my sites again and hope to be making a bit more on the passive side of Amazon.

Other Affiliates

Did an ole check of all the affiliate accounts I have and was seeing all the donuts I typically see then finally I got one with Linkshare.com! Ya its only $0.75 but its a start to my galactic empire!! Now I just need another $.0.25 there so I can get paid.

Merchant Accounts

Little decline this month. Not really in control of it since its only one account. They do good I do good and vica versa (or however that goes) I do need to get some more clients there so if you need a merchant account

InfoLinks

WooHooo!! Broke a dollar

Misc

Couple other minor ways that I make passive income

• Studio Rental – I rent the studio out to a mom’s group that does workouts twice a week and I get $100 a month for it May break this into a separate category if it becomes a steady thing or I rent it out more.
• Sponsored Tweets – Ya I signed up got my first .74 this month. Maybe its so low cause I dont want to span people with a bunch of tweet ads, I only do a couple a week. But click the link and try them out if you wish.

Sept 2011 Report

Income

Passive Income

Amazon	$234.53
Adsense	$22.18
Merchant Accounts	$77.71
Info Links	$1.24
Other Affiliates	$0.75
Misc Income	$100.74
Total	$437.15

Portfolio Income

Money Market	$1.17
Waddell	$8.11
buy and hold	$0.00
Total	$9.28

Spending

Yep was a negative cashflow month thanks to the unexpected auto expenses. Also went over a couple budgets getting payments caught up so I can start fresh next month.

Assets vs Debt

Assets

Added my vehicle to the assets at Kelly Blue Book value.

Debts

Transfered a little of the 12% debt over to the 4% debt

Net Worth

 

What I learned and Goals achieved

My big focus was getting my mint.com categories organized for tracking and getting the bulk of my budget put together. While doing that it finally sunk in on how much interest I have been paying (more on that in an upcoming post) and have decided to redouble efforts on getting rid of the credit card debt.

This month was a rough one with 2 large unexpected car expenses that set us back $2500 and the market not playing nice the net worth did drop a bit. The budget did have a lot of rid at months end, catching up on behind payments and adjusting to lower numbers in time.

Goals met this month:

1. Have $10,000 in money market Completed 9/23/11
2. Reduce visa to under $11,000 Completed 9/28/2011
3. Alexa below #800,000 Completed 9/27/11
4. Twitter followers above 800 Completed 9/29/11

Whats next and Goals

Next financially is to analyze the budget and tracking and figure where to cut back and save. As well as getting used to the budget and sticking to it. Picking one of my sites a week and focusing on improving site, traffic and conversions!

Well thats my month in a nutshell, looking forward to a continued improvement in Oct!

How did you do in Sept? Setting goals for Oct?