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 November.
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: $454.74
Retirement Account: $98.45
Cryptocurrency Mining: –$7.43 = ($11.27 Mining Income – $18.70 Electricity 20 days)
I updated my Passive Income page for the month.
Passive Income Report
My taxable breakage account is still pumping out some great dividends numbers every month. I am very happy with how the snowball is coming down faster and bigger every month. I had a 40% increase in the account vs November of last year.
I opened two new positions which I have not posted yet here, but I did post it in my Twitter account and on Facebook.
Another great thing that is going on with the account is that I am going to pass the $7000 forward dividend mark with my next stock purchases before year-end. I am very excited about that.
I am getting closer and closer to that $12000 in annual dividend income.
My Reitre account is still humming along. I have not done anything with this account just reinvesting the dividends.
Rental income continues to be consistent. I am very happy with how this has turned out.
The only bad news I have with my passive income for the month is that I had a negative income from crypto mining. I had to turn the mining rig off because it is no longer profitable right now. The crypto market has been taking a big hit.
I only had the rig run for 20 days. Once I did the math, I determined that it is no longer profitable right now. I will be posting a more specific post about the subject.
Overall, I am very happy and blessed to be in this position and for what the future has to hold.
Image by Sira Anamwong at FreeDigitalPhotos.net