Self Sufficient Living: How to Generate Passive Income

You can set up your own passive income stream! Move towards self-sufficient living, post at

You can set up your own passive income stream!

One of the key components of self-sufficient living is being able to cover for yourself financially without having to rely on an outside job.

Stop Relying on an Outside Job!

Frugal living is part of this. The lower your monthly bills are, the easier it is to make enough money to cover them. Things like using cloth diapers and learning how to wash your laundry with cold water are a couple of frugal ideas.

Creating multiple income streams is another way to help yourself break free from an outside job. This post on 6 multiple income streams can help you come up with some starting ideas.

You need to develop long-term strategies in order to stop having to rely on an outside job. Some things cost more now, but will save you money in the future. A couple examples are paying off your mortgage early or adding a solar panel array on your home. It might be hard to pay for now, but it will lower your monthly expenses tremendously in the future.

And, of course, there is passive income.

Passive income is an income that you get on a regular basis, but you do not have to do much (or anything) to get it. One of the ways to set up a passive income stream is to use money you already have available to make interest. This, of course, means you need money to make money, but it is a good goal to work towards. There are three ways to make interest on your money:

Passive Interest Income: A Savings Account

Money market accounts generally have higher interest rates than regular savings accounts, but they also sometimes require a minimum balance. This will provide the lowest interest rate, but you have full access to your money.

I cannot say enough good things about Capital One 360 if you are looking for a new bank. The interest rate is a lot higher than our local bank. And, we can still access our money through free ATM’s and deposit checks via our phone. They also have a sign up bonus right now ($50 for checking and $25 for savings).

That said, the interest rate (and therefore the amount of your passive income) is not as high as the next two options, but you will have full access to your money this way.

Passive Interest Income: A Certificate of Deposit (CD)

A CD or Certificate of Deposit usually has a higher interest rate, but it comes at the cost of you not being able to touch your principle until the CD “matures”. In other words, you promise the bank can keep your money for a year and they promise a higher interest rate.

Now, you CAN get your money out at any time, but you will lose any interest on that money.

I will recommend Capital One 360 for this one too since I am familiar with them. You can choose to get your interest whenever you want. What that means is you can give them the principle amount and then have them send the interest to your savings account to spend as needed. The perfect passive income stream!

A CD ladder can help if you need access to your money. To set up a ladder, you just buy a 3, 6, 9, and 12 month CD then roll them over to 1 year at the end of their term. You will have a CD maturing every 3 months this way.  When it matures you can either withdraw the principle or let it roll-over (or renew into another CD). This way, if you need the principle you know that you can access it in 0-3 months.

Savings, CD's, or Dividends - which is best for you?

Savings, CD’s, or Dividends – which is best for you?

Passive Interest Income: Dividend Stocks

This is the most risky, but comes with the highest gains. A dividend stock is one that you purchase and it gives you a “dividend” or a percentage of the stock price each year or quarter. You can choose to have this dividend “roll over” and purchase more stock or you can choose to have it deposited in your account.

Dividends vary. There are stocks that pay 1% and stocks that pay 30%. Most are quarterly, but some pay on a yearly basis.

The stock itself can (and will) go up and down while you are holding it so your principle amount is not as well protected.

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HomeAcre Homesteading Blog Hop | Top 100 Homestead Posts

I know you are excited to see the posts of the week! Last week we had some great submissions.

Featured Post of the Week – Lemon Pudding

The featured post of the week is Lemon Pudding from Going Green.

I choose this post because, well who doesn’t like pudding! Really though, lemons are one of my favorite fruits and it is definitely one of the trees I want added on my own homestead (right now we have lime, tangerine, and orange).

Lemon Pudding recipe - featured post of the week from Going Green (featured at

Lemon Pudding – featured post

Thanks for the great submission!

The linky for this weeks submissions is below. If you need a refresher on the rules for the hop then head on over to my Homesteading HomeAcre Blog Hop page.

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7 Surprising Things About Backyard Chicken Eggs (5 Good, 2 Bad)

7 Surprising things about Backyard Chicken Eggs (5 good and 2 bad) found at

Backyard Chicken Eggs

Backyard chicken eggs are different than your typical store-bought egg. But… how much different they are really surprised me! Here are a few things that may surprise you about your backyard chicken eggs.

Backyard Chicken Eggs are Healthier for you

So this one might not be that surprising, especially if you have already started your research into owning a few chickens of your own. But, if you are new to the world of chickens as pets and homestead animals, then you may not realize just how much healthier your own eggs are.

Mother Earth News published a paper (independent labs) where they found:

  • 33% less cholesterol
  • 25% less saturated fat
  • 4-6x more Vitamin D
  • 67% more Vitamin A
  • 2X more Omega
  • 3X more Vitamin E
  • 7X more beta-carotene

This study was repeated by the University of Pennsylvania. They have specifics and explain why this happens. Basically, what goes in comes back out and commercial chickens do not have access to as many vitamins (and more access to fat and cholesterol). You can even supplement your chickens with healthy ingredients that are important to you. I always give my hens flax seed to help boost the Omega content of the eggs.

The Shells of Backyard Chicken Eggs are Tougher

A lot tougher. The first few times I switched to a store-bought egg after using backyard chicken eggs I actually splattered the darn thing all over my hand. The force I have to use to crack a backyard chicken egg is enough to flatten the store-bought eggs.

chicken eggs

Backyard chicken egg shells and yolks are tougher.

Backyard Chicken Eggs Taste Better

I heard this one, but never really believed it until I ate them myself. They never taste rubbery or bland. I went from eating eggs for breakfast once every few weeks to 3-4 times every week. I guess it does make sense – garden food tastes nothing like the stuff at the store either!

The Yolks are Tougher in a Backyard Chicken Egg

I’m going to confess… I can’t make an over-easy egg for the life of me. Or, anything other than scrambled really. I try – I really do! I get that nasty plastic thing on the bottom and the yolk breaks so I end up “scrambling” it and pretending that is what I meant to do from the beginning.

Until I got backyard hens…

Now my eggs look picture perfect! It wasn’t me – it was the eggs (or so I choose to believe). The egg yolk does not break unless I break it on purpose and I never get that nasty crunchy thing on the bottom. I had to separate the eggs for a cake once and I was shocked to find that the yolk broke in both of the store bought eggs and the next three eggs from my girls stayed perfectly round even after being separated. The dropped the yolk from the last egg into the bowl from a distance of just over a foot and it still didn’t break!

A Backyard Chicken Egg’s Yolk Color is Darker

Yep, it’s true. Cook up a store bought next to a backyard chicken hen and you will be able to tell the difference just by looking at it. Backyard chicken eggs are firmer and the yolks are closer to orange rather than pale yellow.

Backyard Chicken Eggs Cost More

So much more… they are worth it, but keep that in mind before you start a flock. You can purchase cheap eggs for well under half the price it will cost you to raise chickens for the eggs. If you are interested in exactly what it will cost you then check out my post on the cost of keeping chickens on your homestead.

Yes, You will get Poop on your Eggs

This one is a surprise for some people. Chickens can (and sometimes do) poop on the eggs. If it bothers you then by all means, just wash them. It really doesn’t happen often (and if it happening often then you need to change your set-up). If it is happening often then your chickens might be sleeping in the egg box or it might be too crowded in your coop.

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Testing Your Soil | Do You Have Clay, Sand, or Silt?


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HomeAcre Blog Hop | Top 100 Homesteading Posts

There were some great submissions last week! I can’t wait to see what you have in store this week.

Featured Post of the Week

Banana Zucchini Muffins - Featured Post of the Week at

Featured Post of the Week

These Banana Zucchini Muffins from Letters from Sunnybrook look delicious! I can’t wait to try them. Thanks for the share, Rebecca, and be sure to submit another post this week.

Now for this week’s submissions. I can’t wait to see what you guys have been doing! If you need a refresher on the rules for the hop then head on over to the Homesteading HomeAcre Blog Hop page.

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Free Fall Garden Planner!!

A Free Fall Garden Planner! Get it while you can. from

Free Fall Garden Planner

The last Pint Size Farm freebie (the summer reading program printables) were a hit and the results of the reader survey is that you would like a Free Fall Garden Planner next!

The Free Fall Garden Planner includes:

  • An instruction page
  • A table to write a mock-up of where your plants will be located
  • A plant planning page – print one of these for each plant you grow this fall. It will help you save necessary information and decide if it is worth it to plant the same variety again.
  • Suggested Fall plants
  • A resource page (suggested books, posts, and the items I use to put the planner together)

The Free Fall Garden Planner is for email subscribers. To get it you can sign up for my newsletter at the top of the right sidebar, or click right here

I have a double opt-in newsletter!!!

That means that you will have to confirm your subscription.

  • Sign up
  • Go to your email and confirm your subscription
  • You will then be taken to the page with the Free Fall Garden Planner link.

Simple and quick :)

Don’t worry – I never forget my current subscribers! Those of you who are already getting the newsletter will get the link to the planner on Wednesday and again a couple more times during the promotion so be sure to open your emails!

Photo Credit to nkzs

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Free Fall Garden Planner


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