Once 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
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.
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