Once a month I like to talk about my total passive income for the month. I do this to track how much is coming in. Once I get over $2,000 a month in passive income, I will be in a great place. $2,000 a month is my crossover point. At that point, that money will be enough to cover all my expenses.
Here we have my passive income for the month of August.
Taxable Account: $284.39
Retirement Account: $75.35
Rental: $700
Total: $1,059.74
I updated my Passive Income page.
This was a great month. I made a little over $100 compared to last month. The best news is that I have a 49.94% year over year increase in my taxable account income. That is a huge jump compared to last year. I am super excited with that number. I am sure that the number will be decreasing over time, but I will do my very best to not let that happen.
Again, rent has been on time and paid in full. After making some adjustments to my home owner insurances and tax, rent is now higher than my mortgage payment. THis is an awesome place to be in. I am very fortunate with how things have been working out for me.
However, there were issues with rent for the month of September. Make sure to follow me so that you know what happens in next month passive income report.
Thanks for reading.
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How was your month for passive income? Met your goals?
Image by Sira Anamwong at FreeDigitalPhotos.net
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Hi Felix,
You had a great month. A nearly 50% YoY taxable account income increase is awesome. Congrats! I like the detail you have on your Portfolio and Passive Income pages. Nice job there. I look forward to monitoring your progress. You appear to be on a great trajectory. Thanks for sharing!
HI Engineering Dividends,
Thanks for visiting and for starting to follow. I’m trying to retire by 40 years old. Let’s see how that goes. 😀
That’s the drawback of rentals — we’re very fortunate to have good renters that pay on time. Good job on increasing your passive income so much over last year’s numbers! Keep up the good work.
Hey Ferdis,
The issues for this month has to do with my HOA. I will explain it on next month income post. My tenant has been great and always pay time. so far its been great for both of us. Thanks for visiting.
Passive income always seems to be a lucrative opportunity to all salaried individuals. Even while you’re drawing an adequate amount as salary every month, you may still be craving for a much higher amount. In today’s world, the mounting living costs have made it tough for us to let go of any earning opportunity. I am considering a few good investment plans that would allow me to accumulate a small portion of my savings thereby allowing it to grow with time.
SB, that’s great to hear that you are making moves. I try to keep my living cost as low as possible and not to add new services/ products. I try to live a simple life. Best of luck to you with your investment plans.
great resources here. Ill be back for the next your posting. keep writing and happy blogging.
Great!! thanks, Cheap logo. see you soon!!
Keep up the good work. over $1K a month for passive income is great. Nice year over year gain too.
Thanks DivHut!
Great job Felix! Your spreadsheets are great too. I’ve incorporated some of your ideas into my spreadsheets as well.
You’re producing steady income that you continue to frip and grow. Have you projected out until you reach 40 years of age, taking into consideration dividend reinvestment, divvy growth and new investments to reach your $2k/mo goal? Will you plan to add more real estate?
Keep up the good work with the blog!
Hi Andrew.
Thanks!! I really like my spreadsheets. It gives me all the information I need.
I have not projected my income. I feel it is too early for that. Right now I am just focusing on continuing to buy high-quality stocks. I do not plan to add any more real estate besides REIT.
Thanks for stopping by.