December 2009 Earnings:
Earnings for the seventh month for The Residual Income Challenge picked up from last month. Especially considering the amount of time I put into writing this month. I was so busy with holiday shopping and visiting with family members that I found it very hard to fit in writing time. Anyway, I needed to average $7.46 per day in residual income to stay on pace, but I only earned $1.87 per day. That's a difference of a $5.59 per day, or $173.29 for the month.

December Vs. November:
For the month of December, I earned $58.06. It falls somewhere in between the other months. Not my worst month, and definitely not my best month. eHow earnings fell off a cliff the last two weeks of the month. Not sure if it is a seasonal thing, or the fact that most of my articles deal with the stock market, or maybe eHow is behind on updating earnings.

Current Residual Income Opportunities:
Once again I was unable to add any additional residual income opportunities this month, but I will definitely be on that so I can meet one of my 2010 goals of 20 consistent residual income sources. I still have 16 ways of making residual income online.

Residual Income Breakdown:
My residual income was average for just about every source for the month, but one source sticks out like a sore thumb. I have 1 article on Infobarrel, and that 1 article earned $6.36 for the month of December. To put that in perspective, this 1 article accounted for 11% of my total December residual income. That is pretty exciting, and you can bet I will be shifting my focus to Infobarrel. I have had a writing idea that will allow me to create 10 articles on Infobarrel, but I have been putting it off. Enough of the procrastination, I plan to finish these 10 articles by the end of January.

Here is a breakdown of my December earnings:

The Examiner: $33.77 (95 Articles)
eHow: $15.22 (45 Articles)
Infobarrel: $6.36 (1 Article)
Xomba: $1.52 (82 Xomblurbs, 1 Xombyte)
Residual Income Challenge Blog: $1.00
FireHow: $0.17 (3 Articles)
RedGage: $0.02 (25 Uploads)

Total: $58.06

Daily Earnings Chart:
Here is a chart of my daily earnings for the month of December. This chart is much different than all of the other months. The earnings spike at the start of the month was huge, and then earnings slowly trailed off for the rest of the month. The $7 day can be attributed to one of my eHow articles that earned over $5 in 1 day. The earnings swings were huge this month, and they dipped quite frequently below the $1 level. My goal all along has been to continue to build a higher earnings base.



2009 Monthly Residual Income Chart:
The next chart is a chart of my 2009 monthly residual income plotted against the monthly hours I spent writing. It's clear there was a correlation to the amount of time I spent writing each month to the amount of residual income I earned. The good news is I cut my writing time in half in November and December but my earnings didn't drop by an equal amount. Either way, I'm trying to get rid of the correlation which is the whole idea of residual income.



January Goals:
My goal to start the 2010 year is to increase the amount of time I spend writing. I need to get back up to writing for 25-30 hours per month. My main focus this month will be to add new eHow articles and finish the 10 Infobarrel articles that I have been brushing to the side. In addition, I will focus on making my 2010 New Years' resolutions and goals a reality.