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 September.
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: $762.40
Retirement Account: $42.67
Cryptocurrency Mining: $14.82 = ($43.92 Mining Income – $29.10 Electricity)
I updated my Passive Income page for the month.
Passive Income Report
What can I say? This is the highest passive income I have ever received in a month. The best part is that it will continue to get higher thanks to dividend growth investing. I am very grateful to be in this position.
Last month was a busy month for me. I made my first stock sale of the year. I also made 5 different buys for the month of September. I only have written about two so far. One on Altria Group (MO) and the other on Broadcom (AVGO).
Another impressive month on my taxable account. Last month income was 39.81% higher year over year (YOY). I already passed my year total in dividend vs last year. I will be writing a post about that soon.
My retirement account continues producing income; however, I am not putting in fresh capital so the compounding is slow here.
Rental Income is like clockwork here. My tenant has been great and he will be renting my room for at least the next two years. I am happy about that. He has been great this past year and a half.
The crypto mining is the only one that is treading down. In July I made $34.20 and in August I made $25.08. I am not liking how this is treading. If I end up just taking home less then $5 a month, I will be shutting down the mining rig. So far it has been a fun experience, but let’s see what happens for the next 3-4 months.
September was an amazing month, I am super happy to pass that $1500 mark. Now to pass that mark every month.
Image by Sira Anamwong at FreeDigitalPhotos.net