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 January.
Taxable Account: $189.73
Retirement Account: $65.41
I updated my Passive Income page for the month.
Passive Income Report
NICE!!! $955.14 in passive income!! that’s amazing! Earlier this month I wrote how my rental and taxable account now covers my living expenses. I am not actually using my passive income to pay for my housing expenses, but you get the idea. All my passive income are being put back to work in the stock market to continue and grow my snowball.
My rental income is back on track after I told my tenant to only pay my $600 for last month as a gift from me to him. I do not see any set back here for this year. My tenant is not under leases contract; however, it looks like he will plan to continue to live here for the rest of this year. So this will be another great year on the rental side.
My taxable account grew by 30.67% vs January of last year. This is a great increase. This kind of increases and maybe, even more, will likely to continue to be the norm this year. Because of the fact that, this year will be a great year for me because now I will be able to invest a lot more capital this year.
Thanks for reading, and don’t forget to follow me for great investment ideas.
Image by Sira Anamwong at FreeDigitalPhotos.net