When I originally started writing in earnest, I started at HubPages. The format was easy for me to use and understand, and I could write about any topic. Since that time, I have found that there are many other content sites for which there are a variety of payment methods. Some will pay upfront, some use AdSense and pay residual income, while others use a combination of methods.
At first, I thought that I might use my online income for investing in silver. I have since had a change of heart. I decided that it made little sense to spend the money on something that may or may not fluctuate. Although silver is a great store of value and can protect you from inflation, I felt that I should use my residual income for a different purpose.
I decided that I would take this next Google AdSense payout that I will be getting, combine it with the other payment that I received, and add it to the money in my Paypal account from eHow and Life123. Then I will make an extra payment to a credit card that is charging me interest.
That extra payment will reduce the balance on the card and effectively earn interest over the next year adding to the residual income that I have been able to make on the internet. I think it would be wonderful to be able to apply several extra payments to the card and have it paid off within the next 12-18 months.
I know several of you who read this blog use your internet income for living expenses and to make ends meet. For many, it is a full-time effort. For others, it may just be some extra income to pay off debt or supplement an existing income. Do you have any special plans for your passive income? If so, I would love to hear them. Thanks for reading.