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 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 entirely free and beneficial.
Taxable Account: $827.00
Retirement Account: $58.83
I updated my Passive Income page for the month.
Passive Income Report
Last month was another outstanding month. Passive income for November almost came in at $1600. The taxable income saw an increase of 81.86% Year over Year. That is impressive growth in just a year. I have been investing and saving a lot this year. I just hit the $10000 mark in the forward dividend. I am pleased about that. With my rental income and dividend income, I will be very close to $20k a year in passive income.
The retirement account saw a little increase of 6.46%. Like I mentioned before, I am not adding new capital to this account, but I do like how it has been growing organically.
Rental income continues to be moving along — nothing new to report there.
Overall, I am very blessed with how the month turned out. In December, I will pass the $1000 mark in dividend income. I am very much looking forward to that.
How was last month for you? Hit a new high in passive income? Please let me know; I hope you did!!
Thank you for reading
Image by Sira Anamwong at FreeDigitalPhotos.net