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
Rental: $700
Total: $942.27
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.
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How was your month for passive income? Higher than expected?
Image by Sira Anamwong at FreeDigitalPhotos.net
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FVoyage –
Nice work! Pumped to hear your rental income is on track. Curious – do you plan on maxing any retirement account before the tax-year is over? Thanks for a response! Talk soon.
-Lanny
Hey Lenny! I’m not maxing any retirement account. I do put money into my 401k account so that I can get the match from my employer. The rest I use on my taxable account because I need the money earlier then retirement age. Hope that answers your question.
Hi Felix, nice results as usual. Keep it up and you’ll cross your halfway mark pretty soon!
Thanks for the encouragement. I think I already did. I have a post coming soon about that!
Excellent work, Felix. Continued progress as always. Glad to hear about the rental income… one less thing to worry about. Looking forward to the new post. Take care.
Thanks ED!! I am happy as well that my rental income is back to normal. 🙂