Passive Income for August 2018

ID-100438362-300x300 Passive Income for August 2018Once 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 August.

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: $420.47

Retirement Account: $96.23

Rental: $700

Cryptocurrency Mining: $25.08 = ($54.18 Mining Income – $29.10 Electricity)

Total: $1,241.78

I updated my Passive Income page for the month.

Passive Income Report

I could not be any happier on how this year has been going so far. I recently hit one of my Dividend Portfolio Goal last month. I really thought that the goal was going to run me towards the end of the year. Little did I know that I was able to past it in only eight months. That’s outstanding in my book.

I made three stock buys last month. One of them I already wrote about. The other two I only mentioned in my social media accounts on Facebook and Twitter.

My taxable account is crushing it every month. Last month YoY increase of 47.85%. I am very happy with that increase.

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.

My newest source of passive income is my mining rig. This has actually been decreasing since I first posted that I received $116.18 for the month of June. For August, I only received $25.08 after subtracting the cost to run it. BitCoin has been flat which is affecting my profit margin on my rig. Right now it is still profitable but if this trend continues I may have to shut off my rig and wait to see if BitCoin can bounce back over $7500.

Overall, August was a great month of passive income. I am very grateful to be in this position.

 

Thanks for reading, and don’t forget to follow me for great investment ideas on Facebook and on Twitter.

 

Image by Sira Anamwong at FreeDigitalPhotos.net

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Comments

  1. Good progress, as always, Felix.
    You continue to add new income streams. I don’t know anything about cryptocurrency mining, but I’m glad it’s working for you.
    Glad to see August brought you over 60% of your monthly goal.
    Keep growing that income!

    • Thanks ED! Im very happy how this year has gone so far. Im really pushing for $7000 in forward dividends. I work in IT and cryptocurrency mining was some what easy to pick up. Thanks for reading and commenting! Take care!

  2. FV –

    Solid income results, no doubt, and that YoY increase is phenomenal. Just think – September you are probably crushing it and will blow these results out of the water. Nice job snagging MO after the massive dividend increase, too.

    -Lanny

    • Hi lanny!
      Yea the yoy increase is crazy good. It has been going on all year! I think next year is going to be the same with the rate im buying stocks. Yes im happy i was able to get more shares of mo! What a year had with the dividends.

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