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 February.
The best way I keep track of my dividends and other income 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: $539.31
Retirement Account: $103.80
I updated my Passive Income page for the month.
Passive Income Report
The first two months of the year has been going outstanding. In the month of January, I saw my taxable account have a 189% growth Year over year (YoY). for the month of February, I did not have such high YoY growth, but I did see very substantial growth of 34.07% vs February of last year.
That is still an outstanding YoY growth. The two company that did most of the heavy lifting were British American Tobacco (BTI) and AT&T Inc. (T).
My Retirement account also saw a nice YoY growth with its own 22.41% growth. The best part about this kind of growth is that I have not put any money of my own into this account. This truly shows the power of compounding.
Rental income has been humming along since two years ago. I am really thankful that it has worked out very well for me and my friend.
Stay tuned for next month report. It will be a recording breaking month. I can’t wait to report the numbers.
Image by Sira Anamwong at FreeDigitalPhotos.net