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
Holy shit Felix. That’s an amazing growth rate right there. Awesome, awesome stuff. I love that your tenant continues to produce cold, hard cash for you as well. Keep that passive income stream rolling.
Thanks Bert!! I’m loving the rental income! Every month it makes me happy.
Great job Felix! Can’t wait for my first payouts this month. Your success is inspiring.
Thank you so much! just stick to it and a few years you will really start seeing that snowball grow faster!