Passive Income for December 2019

ID-100438362-300x300 Passive Income for December 2019Once a month, I like to talk about my total passive income for the previous month. I do this to track how much passive income is coming in. Once I start to receive 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 last month

The best way I keep track of my dividends and other income is by using Personal Capital. I highly recommend that you sign up and start using their service. It is entirely free and beneficial.

Taxable Account: $1,021.26

Retirement Account: $2,102.93

Rental: $600

Total: $3,724.19

I updated my Passive Income page for the month.

Passive Income Report

First off, I want to wish you all a Happy New Year!! I hope you have an outstanding new year and that you meet all of your unique goals.

I have a full year report of how much I received for the entire year of 2019 in passive income, so make sure to stay tuned for that!!

Last month was outstanding! This is the first time I passed over $1000 in dividend income! This was also 26.8% higher than December 2018.

The retirement account also saw an increase of 22.81%. This growth is me doing nothing in this account. I have not added money in about three years, and the growth is fantastic. Actually, for the whole year, it had an increase of 25.7% compared to 2018. This is compounding at its best!!

The rental income was $100 less than usual. I told my tenant to give me $600 for the month. The $100 difference was my Christmas gift to him. I also told him that the rent will now be $750 a month going forward, and he agreed to it. He has already paid this new amount for January.

So overall, I am thrilled about how the month of December turned out. I passed the $1000 mark, and this will happen a lot more now going forward. I was also able to increase rent by $50.

Also, make sure to connect with me on Twitter and Facebook. I post my latest buy as well as sharing great content that I come across.

 

How was last month for you? Hit a new high in passive income? Please let me know; I hope you did!!

Thank you for reading

Image by Sira Anamwong at FreeDigitalPhotos.net

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