So you want to increase your passive income but feel overwhelmed by the thought of needing to do it all at once. At least this is how I have felt at times. I decided I am going to take baby steps and not get stressed out over it. I want to show you some cool math I did today. I wrote it all down and posted it on my wall so I can see it while working on the computer.

The power of increasing your income by a simple $10 a day per month. So during a month you work on a project that will bring you a residual income of $10 per day. If you started in August this is how much your income would increase –
Remember this is all passive income so it will never stop even if you stop working!

August 2007 – $10 a day = $300 month / $3,600 year
September 2007 – $20 a day = $600 month / $7,200 year
October 2007 – $30 a day = $900 month / $10,800 year
November 2007 – $40 a day = $1,200 month / $14,400 year
December 2007 – $50 a day = $1,500 month / $18,000 year
January 2008 – $60 a day = $1,800 month / $21,600 year
February 2008 – $70 a day = $2,100 month / $25,200 year
March 2008 – $80 a day = $2,400 month / $28,800 year
April 2008 – $90 a day = $2,700 month / $32,400 year
May 2008 – $100 a day = $3,000 month / $36,000 year
June 2008 – $110 a day = $3,300 month / $39,600 year
July 2008 – $120 a day = $3,600 month / $43,200 year
August 2008 – $130 a day = $3,900 month / $46,800 year
September 2008 – $140 a day = $4,200 month / $50,400 year
October 2008 – $150 a day = $4,500 month / $54,000 year
November 2008 – $160 a day = $4,800 month / $57,600 year
December 2008 – $170 a day = $5,100 month / $61,200 year
January 2009 – $180 a day = $5,400 month / $64,800 year
February 2009 – $190 a day = $5,700 month / $68,400 year
March 2009 – $200 a day = $6,000 month / $72,000 year

I chose the March 2009 date to add up to because that is the end of my debt free goal deadline. If I can increase my income by $6,000 a month by that date I will surely meet my goals.

Anyone want to do this with me? I would love to have some buddies to go along this journey with.