Passive Income for July 2020

ID-100438362-300x300 Passive Income for July 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. When I start to receive over $2,000 a month in passive income every single month, 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.

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: $851.96

Retirement Account: $14.19

Rental: $750

Total: $1,616.15

I updated my Passive Income page for the month.

Passive Income Report

Very nice total for the month of July.

My taxable account saw an increase of 60.8% year over year growth. I do not see this same kind of growth next year as I have no new capital to invest.

Rental income continues to come in like clockwork.

Overall, very happy with the income. This definitely can cover all my expenses but it would not leave me with any room for fun things that may cost money.

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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