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
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.
How was your month for passive income? Met your goals?
Image by Sira Anamwong at FreeDigitalPhotos.net