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: $557.49
Retirement Account: $76.78
I updated my Passive Income page for the month.
Passive Income Report
The New Year has started with a great start. There have been 15 companies in my portfolio that have already increased their dividends for the year! 2020 looks like to be another great year!
My Taxable account received $557.49 in dividends for the month. This was a modest increase of only 1.59% Year over Year (YoY). I was hoping for something a little above 10% increase, but at least it was not lower. February should see an almost 50% increase YoY. So I am looking forward to reporting that.
My retirement account also saw a modest increase of 4.69% YoY. Like I have mentioned before, I am no longer putting new capital into this account — all I am doing it reinvesting the dividends.
So last month, I talk to my tenant to let him know that the rent will increase by $50 to $750 a month. He agreed with it. This is the first increase in the three years that he has been renting my second bedroom and bathroom. So I am pleased about this increase. It should now bring in $9,000 for the year.
Overall, this was another solid month — a lot of dividend increases, and the rental increase. So I am thrilled.
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