Passive Income for February 2020

ID-100438362-300x300 Passive Income for February 2020Once 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: $957.73

Retirement Account: $84.32

Rental: $750

Total: $1,792.05

I updated my Passive Income page for the month.

Passive Income Report

Another lovely month in the books. February hit a new high in my taxable account. I received $957 in dividends. I am almost in the $1000 mark in dividend for an off month. That is outstanding. I am looking forward to that. This February was 77.6% higher than last year February, where I only received $539.31. I am thrilled with this growth. I have been very busy buying more shares of outstanding companies because of this correction. Thus, I expect that next year February will be much higher as well, so I am looking forward to that!

My retirement account saw a decrease of (33.9)% compared to last year. This is ok because I sold out of the overvalued company and invested it into safer and lower yield companies. So I expect that in the following months I should negative growth in the retirement account.

Rental income continues to be great. Like I mentioned before, I increased the rent from $700 to $750 a month. My tenant was ok with that. So it has been working out great for both of us. He has already paid me for March so you will see that in the next report.

Overall, last month was great. I put a lot of money to work, and I will be putting more money to work. Stay tuned to hear about that!! I am a few hundred dollars away from that $2000 mark a month in passive income. I am so excited when I pass that constantly.

Thank you for stopping by!! I hope you had a fantastic February!

 

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

Connect with me:

Leave a Reply