Once 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: $1,107.05
Retirement Account: $121.07
I updated my Passive Income page for the month.
Passive Income Report
I hope you are all safe and well. Some crazy times right now.
With all the market uncertainty, I was still able to produce almost $2000 in passive income. My taxable account saw an increase of 52%. Last year in May, I received $725.34 in dividends. Now I received $1,107.05. This, of course, is because of reinvested dividends, dividend increases, and new capital being added. This is what I like to call the triple threat.
One day I will be living off my investment and be able to go where I want, spend time with people with who I want, and work on projects that I find fulfilling.
My Retirement account also saw a nice increase of 15%. I am not adding any new capital to this account. This growth is pure dividend reinvestment and dividend growth. So I do not expect to account to grow as fast as my taxable account.
Rental income continues to hum along. My tenant continues to pay me a few days before the due date, which is something I love. He and I have been fortunate that he still can work where there have been over 30 million people unemployed.
For June, I expect a recorded dividend income and total passive income. So I am looking forward to that.
I wish you all health and happiness during this difficult time. I will leave you with this quote from Winston Churchill.
“Never waste a good crisis.”
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