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 October.
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: $580.39
Retirement Account: $55.86
I updated my Passive Income page for the month.
Passive Income Report
Another successful month in the books. I made a total of $1,336.25 in passive income last month. I find that outstanding. Over one grand to do absolutely nothing. I am so grateful and blessed to be in this position. This month is also looking to be a great month.
My taxable account saw an increase of 30% compared to last year October of only $447.31. I am very impressed by how every month I have been increasing my income by at least 30%. Actually, my highest increase was 84% back in May.
For the full year so far, I am already 20% higher year over year for my total taxable account income. We still have a month and a half left for the year. I am expecting to pass the $8,000 mark for the year for the first time.
The retirement account also saw a nice increase of 6.46%. Like I mentioned before, I am not putting any new capital into this account. This is all organic growth.
The rental income continues to chug along. For 2020, I will be increasing rent to $750 a month. I have not increased it for the past three years, so it is time for a little bump.
For December, I will be getting $600 as I like to discount $100 from rent as a gift to my tenant for Christmas.
Overall, I am very happy with how the month of October shaped up.
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