Once a month I like to talk about my total passive income for the month. I do this to track how much is coming in. Once I get 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 the month of June.
The best way I keep track of my dividends and other income is by using Personal Capital. I highly recommended for you to sign up and start using their service. It is completely free and extremely helpful.
Taxable Account: $835.79
Retirement Account: $106.03
Rental: $700
Total: $1,641.82
I updated my Passive Income page for the month.
Passive Income Report
Another month in the books. This was a big month for me and I am sure for most of you. Over $1,600 of straight passive income. What a wonderful thing to have so much money coming in without me doing anything really. As time continues along my passive income continues to grow. I am super happy and bless to be fortunate enough to be in this position.
Currently, both my taxable account and retirement account income gets added back to the account to allow it to continue to compound. The rental income that my roommate pays, goes toward my mortgage, home insurance, and property tax. This allows me to add more capital to investments from my work pay.
The taxable account saw its second-highest for one month of dividend income since inception. The highest was in March when I saw dividend income of $925.78.
I am projected to pass the $1000 mark in one month of dividend income in September. I am very excited to pass that milestone. I just have to continue to invest and invest wisely so that the $1000 mark gets passed every month.
Overall, I am very happy about how the month went.
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How was last month for you been? Hit a new high in passive income? Please let me know, I hope you did!!
Thank you for reading
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Good job nice passive income coming in. Keep it up.
Thanks Doug!!
FV –
Getting closer and close to that crossover point, nice job! When your expenses rise from the house – i.e. insurance and property tax – do you share that increase with your roommate, then?
Looking forward to your dividend income cross that $1k threshold, onward to September sir!
-Lanny
Hi Lanny, Great question. I don’t share that with my roommate. He just pays me the $700 a month and that’s it. I have not to raise the rent for the past three years. I think for January 2020 I will raise it to $750 a month. I can’t wait to pass that $1000 mark. It will be a special month for sure.