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 February.
The best way I keep track of my dividends 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: $714.20
Retirement Account: $597.89
I updated my Passive Income page for the month.
Passive Income Report
One world. WOW!!! The month of March was outstanding for my passive income report. This is the first time I ever crossed the $2k mark. This is an outstanding feeling I get when I see this. This proves to me that dividend growth investing does work and that in no time I will be able to live off of the dividends.
Now the next thing for me to do is to get this type of income for every month of the year lol.
My taxable account had an amazing year over year (YOY) increase of 110%. You read that correctly. YOY I had an increase of 110%!! The two biggest payer for the month were BBL and OMI. I was very happy that I was able to buy OMI before the shareholder record date.
Even my retirement account saw a very nice YOY increase of 43%. I am not putting any money in this account so all increases are organic increases.
Again, my rental income has been on point so far this year. I expect the same kind of results going forward as my tenant has no plan on leaving.
I am super excited to be writing this post for you to read. Its been a lot of years of hard work and saving to get to this point. Good news is that it will take more years of hard work and saving to get where I want to be. Make sure to connect with me so that we can bounce ideas off each other.
How did you do in the passive income department for the month of March?
Thanks for reading, and don’t forget to follow me for great investment ideas.
Image by Sira Anamwong at FreeDigitalPhotos.net