Tuesday, December 22, 2009

Residual Income & New Baby

How do residual income and a new baby fit in the same post?

First, the baby news: my son, "Nicholas," was born December 6 and is a happy, healthy, sweet-tempered little man. He is adored by his older siblings and doted on by mom and dad: we're all in love.Secondly, about the residual income: my November earnings, all from now-passive sources such as eHow, my eHow ebook, niche sites and affiliate marketing, were just shy of $3,000, even though I wrote little new content and spent much of my time resting and "nesting" before the baby's arrival. December will hopefully be in the same ballpark, even though I'm taking the month off.

As I sit in front of the fire snuggling my newborn, I am grateful for the residual income business model that's allowing me to take a month off from from writing (I had to sneak in this post, though) and just enjoy my family and the holidays.

It's been exactly two years since the December I realized the potential of residual income, through eHow and Site Build It!, and made goals that, when reached, would allow me to quit writing for hire and simply write and market as much or as little as I liked, for myself.

At the end of this year, as we prepare to embark on a new year, 2010, I challenge you to make goals for the coming 12 months that reflect where you are now and where you want to be at the end of the coming year. Contemplate spiritual and personal goals first, as they are most important, but don't neglect your plans for work and income. Building residual and passive income sources is a worthy endeavor, and I encourage you to include them in your plan.

Happy holidays and a blessed New Year to you and yours!