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 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: $725.34
Retirement Account: $105.29
I updated my Passive Income page for the month.
Passive Income Report
Another month has passed and we are now halfway through the year. Last month dividend income from my taxable about was amazing considering it was not a quarter ending month. I saw an increase of 85% vs last year May dividend income.
WOW, that is outstanding! I am very blessed and fortunate to be in this position.
I received $725.34 in dividends last month and that right there can cover my mortgage payments plus my escrow. This will still leave me with $20 left over. What a great position to be.
My Retirement account also saw an increase. However, not as big as my taxable account. The retirement account had an increase of 11%. It is a modest increase but I am very happy with it.
Rental income continues to hum along. No trouble with receiving last month rent. I also already received this month rent. So I am loving this current situation.
Altogether, I received $1,530.63 in passive income for the month of May. What a great position to be in.
I continue to reinvest all my passive income so that it will continue to get bigger and bigger every month. I plan to one day live off this passive income.
How was last month for you been?
Thank you for reading
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