My Niche Blog Project – Offering a Valuable and Useful Free Resource

My Niche Blog Project - Creating Passive Income with a Free Resource
Totally relevant image from Flickr by Stuck in Customs

It’s been a little while since I’ve updated what is going on with what I am calling, my niche blog project. This project was born out of my frustrations and failures with trying to create small niches sites that rank well in Google and earn passive income with Google Adsense. One of my original posts about this project talks about how I decided to combine my blogging know-how with my niche site knowledge to create something bigger – a niche blog. It started off slow, as I knew it would. But what I had envisioned for the site is finally starting to come to fruition. I’m not 100% there yet – but one of the main aspects for what I wanted to do with the site is finally in place. I’ve created that free resource and have plans and forms in place for getting people to sign up for it. Now all I have to do is build traffic and everything else will take care of itself. By everything else, I mean that I hope to get to that goal of attaining 100% completion for everything that I envisioned for this site. This includes, but is not limited to, monetization and the possibility of creating a good passive income stream. Since this blog is about my efforts to create passive income, I will focus on telling you about that. Bear in mind though that me making money isn’t the only goal with this site. Keep reading to learn more…

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Passive Income Report – February 2013

Passive Income Report - February 2013
Sledding with my kids – Winter 2013

Welcome to my (Dumb) Passive Income Report! This blog is all about what I am doing to create several different passive income streams. This monthly income report details my results. I work very hard and dedicate many hours each week to working on my different online endeavors in an attempt to create passive income. So why do I consider it passive income then? Because I am not trading specified amounts of time for a predetermined amount of money like I do at my day job. Most of the income you will see in this report results from work I have done in the past.

Why am I sharing my income publicly? Hopefully to gain credibility with you (the readers) and to maintain a certain degree of accountability for myself. I could blog all day long about what I am doing to create passive income online, including some of my unique strategies. But why would anybody trust me and believe that what I am doing works if I don’t prove it by sharing my results. This is what I mean by gaining credibility and this is one of the main purposes for sharing my income. I also share my failures on the blog, which holds me accountable. Knowing that I will be publishing a monthly income report will keep me motivated to keep pushing forward and plugging away on the things I need to do to create future passive income.

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For Those Who Wonder – Is Lending Club Legit?

Is Lending Club Legit - Dumb Passive IncomeIs Lending Club legit? Yes. I happen to know that 170 people per month in the United States wonder about this very topic. I have to ask myself – who are these people that are wondering whether or not Lending Club is legit. They have to be one of two types of people. Either people who are looking to borrow money via personal loans or people who are looking to invest money. It is perfectly reasonable and rationale that they are skeptical. Borrowing or investing money 100% online in a peer to peer format seems a little bit sketchy. Is peer to peer lending safe? Is it safe to borrow money online from a P2P site like Lending Club? How much risk is involved if I am considering investing on a site like Lending Club? All of these are fair questions and I will do my best to point you in the direction to answer them and prove that Lending Club is in fact 100% legit.

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