Passive Income

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Let's list sources of passive income.

By that term, I'll loosely define it as ways to earn money by taking an initial action, and then letting the initial capital grow, or develop on its own.

Ways:

Investments
Savings Accounts/Money Markets

I'm reaching a blank...what else?

I've got a website that I make a little money from, but I do have to work at it...a couple hours each day. I'm working on a couple other concepts which might allow me to make money without having to take such an active role.

Let's create a list here in the comments section, and I'll pull them together and make sort of a master list.

What am I doing?

I need to get back on track.

For the last few months, I've sort of been skating along...not exactly racking up the debt, but probably not being all that frugal either. I have been putting away the $250 month in savings and investments, but otherwise I'm pretty much spending all my income. I'm not behind on any bills, but I'm not making up ground either. My last two car payments have been for the minimum...the first time in the nearly two years I've had the car that that has been the case.

Was it summer? Did the good weather and having things to do put me in the position of not caring about my finances as much as I should have? Could be. In any event, I think I need to outline some goals for the fall:

1. Create more passive income - $1000 a month would be ambitious. I'm going to try.
2. Increase my savings plan by $100 a month.
3. Pay off the credit card, despite having 0% APR for a year.