Passive Income Report for April, May & June 2013

Dumb Passive Income
Dumb Passive Income
Sculpture outside Cabela’s in Dundee, MI

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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Foliofn Note Trading Platform for Lending Club Investing Review

Lending Club Investor Availability by State
Foliofn Note Trading Platform for Lending Club - Michigan Lighthouse
Michigan’s West Coast

As an investor at Lending Club, and a resident of the great state of Michigan, I currently have only one of two options available to me for how I am able to obtain notes. I must purchase notes via the note trading platform by Foliofn, which is the secondary market used by Lending Club, for trading peer to peer (P2P) notes. The other option is to fund notes directly through the more common retail platform, which is not currently available to investors in all 50 states. The difference between these two options is basically this – the retail platform is for notes that are not yet fully funded or acitve and the note trading platform consists of notes (or loans) that already exist and are active. After reading through several blog posts and blog comments, I am finding that a lot of people prefer the retail platform and feel that the secondary note trading platform by Foliofn is inferior. I am the exact opposite. Although I am not able, or even allowed (currently), to take part in the retail platform – I actually think I like the note trading platform better. Only three months in to my Lending Club investing experiment, and I’ve been able to maintain a Net Annualized Return of over 22%!

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Passive Income Opportunities for 2013

Passive Income Opportunities for 2013 - Dumb Passive Income
Passive Income Opportunities for 2013 - Dumb Passive Income
Image from Flickr by paul bica

As the New Year is upon us, I for one am excited about the passive income opportunities that await me in 2013. 2012 was a whirlwind of a year for me as I quit my original plan for a money-making blog. I wanted all of the work and time that I put in online to create more of a passive income. It’s been a long and slow learning process for me, but I am definitely heading in the right direction. I’ve attempted several different methods throughout the past year to try to create online passive income. Most of them had something to do with creating different types of websites, and that is mostly what I blogged about on this site. I didn’t have a ton of success with my niche sites, but there still is hope for a few of them in the future. I do have three passive income opportunities that I have been working on that I am really excited about and plan to concentrate on in 2013.

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