Passive Income for December 2018

ID-100438362-300x300 Passive Income for December 2018Once 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 December.

The best way I keep track of my dividends and other income is by using Personal Capital. I highly recommended for you to sign up and start using their service. It is completely free and extremely helpful.

Taxable Account: $805.55

Retirement Account: $1,712.28

Rental: $600

Total: $3,117.83

I updated my Passive Income page for the month.

Passive Income Report

Happy New Year everyone! I hope you all have a successful New year in whatever you set your mind too.

As you can see I had a wonderful December Income report. I taxable account hit an all-time high. It passed the $800 mark for the first time. I am very excited saying that. I feel very blessed and happy to be in this position.

I had a Year over Year (YOY) increase of 55.41%. This is amazing growth. Want to know what the best part is?

Every quarter I should be making at least $800 going forward. I am super proud to be able to say that.

My retirement account also had an amazing month. Some were from dividend-paying stocks; however, most of it came from capital gains. These type of income only happens in December. It’s ok. Its something to look forward to at the end of each year.

Once again I gave my tenant a $100 discount for the rent. Normally it is $700 for the month, but this was my Christmas gift to him for being a good friend and an amazing tenant.

So in total, I made $3,117.83 for the month. If only this was every month, I would have been financially free.

Thank you for reading, and don’t forget to follow me for great investment ideas on Facebook and on Twitter.

Image by Sira Anamwong at FreeDigitalPhotos.net

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Comments

  1. Congrats to your 55% increase in dividend income. This is even more an achievement, considering your already sizeable portfolio. Your year-over-year growth rate for your total income for 2018 is also mind boggling (over 54%+). Do you already know your targeted growth rate for 2019?

    I also think $2000 in passive income per month is a crossover point for me, as this would cover all my expenses. But I’m still very far away from this. When do you expect to hit your target?

    • Thank you DivRider!! I went hard in adding new capital to my account this year. I expect to do the same this year. I don’t know my target growth rate for 2019, but I expect it to be over 30% for sure.

      We all got to start somewhere. The good thing is that you started! I expect to hit my target in 3 years. That will be a combination of dividend income as well as my rental property. Thanks again for stopping by!! best of luck to you this year!

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