There was a time when you could earn 5% a month from your stock portfolio. The key was to invest in the biggest, and best, blue-chip stocks so that you could receive a quarterly dividend. The price of the stock did not fluctuate too much, which was fine as long as the company kept paying a consistent dividend.
Unfortunately, in today's economic environment, even the best growth stock's have plunged in value taking your dreams of retirement with them. Many Americans are wondering where their 'bail-out' is. Personally, I am creating my own bail-out program, and so can you!
Bank CD interest rates are currently at between 2 - 3.5%. If you wanted to earn $1,000 a month from these types of investments (at an average of 2.75%), you would need more than $450,000 in the bank. To be honest with you, I have no idea if I will ever have that much money in the bank.
Instead, I make money writing articles for eHow, Bukisa, and Today dot com.
If you are looking to make serious passive income from your articles, then eHow is definitely the way to go. Their revenue sharing formula is top secret, but I really don't care. They pay me a lot of money each and every month on articles that I wrote 10 weeks ago. Some of the more prolific writers earn somewhere north of $2,000 per month just from eHow. This does not include any affiliate sales that they make via eHow. The potential is amazing!
If you are a beginner, or want guaranteed income from your blogs, then Today dot com is the best site for you. This site is free to join (as is all the sites I write for) and actually pays you $1 per post AND $2 per thousand page views thereafter. If you are good at getting traffic, you can quickly earn money writing articles. This site is fast becoming one of my favorite passive income streams.
If you live outside of the US, Bukisa may be perfect for you. Here you can publish all types of content, from pictures to articles to videos. Bukisa pays you per thousand page views and is based upon the index displayed on the front page. Currently, they are paying $3.95 per thousand page views. If you already have an established blog or website, simply linking to your Bukisa articles will result in enough traffic to earn additional income online.
If you are trying to make money writing articles, I can think of no better place to start than these three sites. Drop me a comment and tell me what you think!
Monday, January 5, 2009
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