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 May.
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: $392.26
Retirement Account: $94.78
Cryptocoin Mining: $49.29
I updated my Passive Income page for the month.
Passive Income Report
I just got back from my two weeks vacation which I will be talking about in a series of posts coming soon. Guess what!?!? I made $1,236.33 of extra income for doing nothing while I was out on vacation. Isn’t that amazing?!?!
You may have noticed a new item I listed above. That’s right. I am now doing crypto coin mining. I will write a detailed post about this coming up soon. But you can see that I made $49.29 from mining. That’s almost $50 for doing absolutely nothing. June looks like I will be making even more!!
My taxable account did amazing this month. For the month of May, it grew a whopping 108.45% compared to last year this month. I am very happy about that.
At this rate, it looks like I will be reaching my forward dividend goal of $6000 much sooner then I thought.
Rental income continues to be solid here, so nothing exciting to report. Just how I like it.
Overall, I am very happy with the results for the month of May. I am super excited about the new source of passive income that I am generating.
Make sure to keep a lookout for my crypto coin mining post in details.
Thanks for reading, and don’t forget to follow me for great investment ideas.
Image by Sira Anamwong at FreeDigitalPhotos.net