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.
Taxable Account: $545.31
Retirement Account: $27.53
I updated my Passive Income page for the month.
Last month income was OK compared to some other months and what it should have been. However, my taxable account did outstanding. The account hit its highest ever for a given month. It produced 34.25% higher in dividend than September of last year. I am super excited with that results.
My retirement account did ok. I am not expecting too much from this account because it only has a value of $17,763.77, and I won’t be adding to it anytime soon. I keep track of all my account using Personal Capital.
My rental income is what I am most disappointed with. It has nothing to with my tenant. Actually, my tenant has been great. The issue was with my Home Owner Association (HOA). The HOA requires a $300 move in fee from my tenant. I think this is ridiculous, but it had to be paid. I told my tenant to pay for it and he can just pay me $400 for the month. I told him about the fee before he moved in, but I wanted to avoid him paying it because I think its dumb and only used as a way for the HOA to make money.
Never the less, the month could have been better, but I am happy that my snowball is still growing.
Thanks for reading.
How was your month for passive income? Higher than expected?
Image by Sira Anamwong at FreeDigitalPhotos.net
Congrats Felix terrific month. Keep up the good work.
Thank you Matthew!!
You still ended the month in a great position despite that 300$ fee. Keep up the great work and I cant wait to see you at $2k!
Thanks diligentdividend! I too cant wait to hit that 2k a month in passive income.
Almost half way to your $2K goal for a month… nice work, Felix! Excellent YoY growth in the taxable account, too. Do you have a fixed amount to try to contribute to the taxable account on a monthly basis, or do you just see what’s left at the end of each month and contribute that? Sorry to hear about the rental income reduction this month, but at least it’s only a one-time expense.
Thanks ED, Yea I do. I contribute $3,600 a month to my taxable account. Each Buy I do is $1200. The rental income reduction sucked but we are not back to normal. I’m glad it was just a one time expense. Thanks for stopping by and commenting.