Goal setting is a key part to building your pasive income and working at home. The financial freedom we all wish to reach must be broken down into smaller achievable steps. The stepping stones lead us to our ultimate goal: financial freedom. Sometimes a stepping stone may be set in the wrong place and you may have to take a few steps backward to re-align your path, but this is all natural and there are times when you must fail in order to understand how to suceed. With this in mind I will share my goals for the upcoming 2010 year:
Make $1,000 a month of residual income
My hopeful resting place by the end of 2010 is going to be making $1,000 dollars of residual income each month. I will be diversifying my streams of income as well as anyone can. With already making around $50 a month right now I see the light of residual and passive income and plan and pursuing my goal rather vigorously.
Goal Breakdown
I will be reporting monthly on my goals and will update this page each month with new tallys of earnings. As of now I have the following trickling in:
- GraphicRiver.net micro stock money.
- Google Adsense from my 3 niche sites
Now that isn’t much. But the fact is I am somewhat new to this and already have earned over $200 dollars with GraphicRiver and have google adsense to help as well, but clearly that is not going to be enough. So I will ad at least 3 items to my GraphicRiver portfolio each month, as well as work on my niche sites to bring traffic up. Over the course of the next year I plan on adding the following to my list of residual income, as well as review and share my experiences for the following sites:
- eHow : Articel Writings
- Affiliat Marketing
- InfoBarrel
- Additional MicroStock Sites
- Stock Market(if the money is good)
I have yet to create the above accounts and will do so by the start of 2010 to get the ball rolling. I plan on adding graphs and earnings tables to compare months and to figure out what works and what doesn’t. And of course share it all with you!
I will also be doing design work on the side, that is where one of my passion lies. If you are in need of a designer be sure to check out design site here and drop me a line and I can help you out with anything from business logo’s to wedding invitations.
This page is short and sweet for now, but will grow as the 2010 year comes and passes, be sure to check back often and subscribe to not miss a new post.
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ResidualBacon.com is one man's journey and guide to building a stable and fruit bearing residual income tree. Tyler first started earning a small amount of passive income on a whim and a light turned on in his head. He plans on sharing his insights and reviews along the way.