I set my passive income goal to be $110 for the month of October. Let's see how I did:
ING Direct Account Interest: $31.64
Online Surveys: $51.70
Ebay: $1,055.00
Total: $1,138. 34
This isn't a realistic view of a typical month. The money that I made off of Ebay was from selling 4 tickets to a Madonna concert. And really, those 4 tickets cost me $1,098.65. So, I actually lost $43. 65. How should I count that? I'm going to take the optimistic view and say that it was a profit because I actually sold the tickets and didn't eat the entire cost.
As for the online surveys, I don't count that money until I request a check from them. Should I be counting it each time I complete a survey and earn money? I can't request that money until I've earned a set amount. I don't really think of it as mine until I request a check.
Am I doing this all wrong? FAIL? How do others handle this type of account?
[11/04/2008
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