@edsdead,
I'll be able to recommend more once I know more about you and what you can do, but I'll try to get the conversation started.
First of all, making money online tends to break down into 3 main categories:
1) Giving away content and selling ads.
2) Selling a product online.
3) Selling a service online.
Of those three, the first is the easiest to do, but has the lowest returns. You already know a bit of this, but to hammer the point home: able2know won't make 14k in advertising by August, and that is on
millions of pageviews. In fact we'll probably make less than a third of that through advertising.
The reason is that it's a general site (also a forum, that tends to monetize much more poorly than other sites due to usage patterns) and we get under $1 for ever 1000 ads shown (this is called a CPM, or cost per mille.
On the other hand, I have other sites that will earn about that much by then with much much less traffic because they are about topics that earn a higher CPM.
So if you are going to publish content, my point is that it's a lot easier to choose a more profitable niche than it is to grow the massive scale you will need to make money on content that doesn't pay as much.
If you want to know how you can tell what pays or not you can use Google Adwords, the keywords that are expensive to buy on google are topics that will generally have higher CPMs. But a word of caution, don't just pick an expensive topic for the sake of it, there are a lot of people playing that game. For example several years ago one of the most expensive keywords was "mesothelioma", this is a health topic but a lot of webmaster tried to cash in with poor content (do you really want medical advice from them? Remember to think as a user too). . You'll have a lot more success talking about a subject you can produce
quality content about.
If there is a high-dollar subject (anything people spend lots of money on can be, real estate, lawyers, investment etc) that you can write authoritatively about this is one way.
Ok, now let's move on to #2. You can make a lot more money per visit when you sell the product yourself, but it's harder to get the sales than it is a free page view. When done right e-commerce can be very rewarding but this has a bigger barrier to entry because you need inventory and payment/shipping logistics (you can drop shipping if its a digital product). An example of something you might be able to do quickly is sell a digital product like an e-book.
As for #3, here you would provide a service of some sort through the internet. Most services that are easy to start will be your own, things like providing writing, editing etc. Building your own service from scratch isn't easy but you can also use marketplaces for this where many service providers and buyers meet. Examples are: Amazon MTurk (mostly very very low amounts with the exception of translation) or Elance (a good freelancer marketplace). There are a handful of other such sites I can recommend to you if you want, and each work a bit like ebay in which your only starting cost is the need to build up reputation on their system.
So that is a quick overview of the main ways, but now let's get to the nitty gritty. You don't really have time to build traffic or a business by then that is instantly profitable. Those solutions may be better for you in the long run but if you really need to do this according to your timeline then I think you should really focus on #3. And from what little I know about you (basically just that you seem to be able to write well enough, but feel free to fill in the blanks if you want more ideas) what I would recommend is that you sell writing services. Most writing isn't going to be compensated for very highly but you can earn $5-$20 an article on those marketplaces and if you can do it efficiently then you can make serous scratch because there is a lot of demand for this online.
In fact I'm willing to be your first prospective client, and I'm willing to help you get your reputation going on one of the freelancer sites. I don't have a huge content budget right now but was intending to make some purchases in the near term. I'm willing to give you a try with test project to see if you are a good fit (the topic is not the easiest niche, which is the only reason I think you may not be).
Let me know what you think about the ideas so far and if you want anything more specific about any of the things I discussed, and let me know what you are interested in, what you can do and such as that can open up a lot more ideas.
Good luck!