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.
Taxable Account: $196.35
Retirement Account: $45.92
I updated my Passive Income page for the month.
Passive Income Report
So last month rental is back to normal. I am glad to be back to normal level after the bump I had with the HOA the previous month. I already received my rent for the month of November and I am going to put it to work right away. Make sure to follow on Twitter or Facebook to see the most recent buy in real time.
The dividend income from both my taxable account and my retirement account were both low compared to recent months. However, I am up 18.54% compared to last year income via my taxable account.
My retirement account did ok. I am not expecting too much from this account because it only has a value of $17,714.31, and I won’t be adding to it anytime soon. I keep track of all my account using Personal Capital.
I think starting next month I will be hitting over $1000 every month going forward. That would mean that I will be halfway to my goal of $2000 a month. Actually, I have all my home expenses cover via dividends and rental income. Stay turn for a post about that. I am super excited to let you guys know.
Thanks for reading and make sure to follow me to get the latest posts.
How was your month for passive income? Higher than expected?
Image by Sira Anamwong at FreeDigitalPhotos.net