Friday, January 13, 2017

2016 Review: Rental Property #2 (Colorado)

This is my second property review for 2016. In this post I would like to follow a similar method to what I did with my Missouri Property: a thorough, yet to the point, review of my Colorado property's rental performance in 2016.

I'll try to review the property's cash flow, mortgage paydown, capital appreciation, general thoughts/advice I have, and anything else pertinent to the property.

I hope this post is helpful for those looking to get into real estate as an investment, and I imagine it will be helpful for me as well.  Without further adieu, here is what happened with my Colorado rental property this past year:




Tuesday, January 10, 2017

Income/Expenses: December 2016

One of my favorite posts of the month! It's very personal and helps keep me extremely accountable!

I think it takes a little bit of guts to share your income and expenses openly with the world. But that said, I think there is value for both of us in reading this post. I will do a similar post every month.

General Thoughts on this Month: This was a great month for income, thanks to a record in Passive Income, in which all dividends were reinvested, which really makes everything else look good as well (savings rate, % of expenses covered by passive income, etc).  In reality, it was pretty normal month if dividends are removed.  

As usual in December, it was pretty expensive due to the Holidays, but that happens every year and we are ok with it actually.  In fact, if you remove housing, rental property mortgage costs, and gifts/donations, our total expenses actually came in under $2,000 this month.  But when you add back in those three categories, expenses balloon to over $7,000!

All of that said, listed below is a detailed display of all income and expenses for the month of December 2016.  

Saturday, January 7, 2017

2016 Review: Rental Property #1 (Missouri)

In this post I would like to do a thorough, yet to the point, review of my Missouri Rental Property's performance in 2016.

I'll try to review the property's cash flow, mortgage paydown, capital appreciation, general thoughts/advice I have, and anything else pertinent to the property.

I hope this post is helpful for those looking to get into real estate as an investment, and I imagine it will be helpful for me as well.  Without further adieu, here is what happened with my Missouri rental property this past year:






Wednesday, January 4, 2017

Goals for 2017: Bigger, Better, Bolder!

In this post I will highlight my financial goals for 2017.  I italicize 'financial' intentionally, as I want to emphasize that the following list of goals are only related to my finances...hence my financial goals.  It'd be a sad life if these were my ONLY goals for 2017! :)

That said, I think it is important to have goals (as many of us bloggers do!) for all areas of our lives, and I talk a little bit more about the importance of goals on my Passive Income Goals page.  At that page you can also find my 2016 goal, as well as some of my future projected goals (2018, 2019, 2026....next two years and when I turn 40.)

My goals post is actually one of my favorite posts of the entire year, believe it or not.  There is something very refreshing about having a new 'start' and diligently laying out your plan for what success looks like. In the end, that's what goal setting is all about isn't it? Defining what success looks like in a particular area of your life.  Your goals are the specifics, the high-view plan, of what success looks like.

One thing I personally like to do with my goals is prioritize them, by number.  So if there is only one goal I can accomplish, it should be the one at the top of the list, and then the #2, and so on. This indicates specifically where I should focus MOST, and what I want to achieve the MOST (to consider it a 'success', etc).

Finally, you'll note that the subtitle of my blog now says I am 31 years old. Another year down, another year older!  We only have one life to live so let's make it the best. Without further adieu, here are my financial goals for 2017. Some of them are pretty bold:

Friday, December 30, 2016

Passive Income Report: December 2016 ($2,658!)

It is time again for my Monthly Progress Review, the last of the year, and a PERSONAL RECORD!

In each progress review I will list a summary of all dividends I received, the rental income I received, and any purchases I made from that particular month.

This monthly report covers December 2016.  

I hope you enjoy these posts and that we can learn how to grow our passive income streams and build real long-term wealth together! 

I am happy to report that December saw the highest Passive Income amount I've ever achieved in a single month, which I'll analyze in depth in this report.


Read More to see how I earned $2,658 this month in passive income,

Monday, December 26, 2016

Updates to Site, Side gig over, Upcoming Posts

Hi everyone,

I hope you all had a wonderful Christmas.  A Savior is born unto us.

This is just a quick post to let you know that I have made some much needed updates to many pages on Passive Income Dude.  Now that my 'side gig' is over, I should have more time to commit to my site. Here are all of the updates:


Look out for the following posts coming up over the next two weeks:
  • December Passive Income Report 
  • December Income/Expenses 
  • A thorough 2016 review on each of my 3 rental properties:
    • Missouri Rental Property Review
    • Colorado Rental Property Review
    • North Carolina Rental Property Review
  • 2017 goals 
Thanks for reading!

Passive Income Dude


Wednesday, December 21, 2016

Thoughts on Interest Rates

Hello all,

I recently completed two finance courses here at business school: Applied Fixed Income and Speculative Investments, and Global Asset Allocation and Advanced Investments.  Both of these courses were very well taught (and very challenging if I'm honest), but I'm glad I took them because I learned a lot and because a good amount of the course material was about interest rates and hedging interest rate moves, etc. which seems pretty applicable in today's investing environment.  So as a result I thought I would briefly comment on interest rates, since the Federal Reserve finally completed another (albeit small) interest rate increase.

To start, I read this from Vanguard's website yesterday (copied directly):

Monday, December 19, 2016

Happiness

I recently heard an incredible message that talks all about happiness, and I wanted to share it with you.

Happiness is such a interesting concept in today's society, isn't it? For some reason it seems like one's happiness is apparently THE ULTIMATE PURSUIT in life. We find that happiness is placed above morality, or truth, or intellectual growth, or peace, or sacrifice, or courage, or any other virtue or feeling there is out there.  Think about that.  Why? Why is it that happiness is above everything else, and what is going on?

This post also seems pertinent during the Holidays; where happiness is so intensely desired, but not often achieved.  How many holidays bring intense feelings (and expectations) of happiness, but are oftentimes left with something else and not happiness at all?

Anyway, here are some quotes from the message that resonated with me.  This small sampling does not do it justice, but I hope it encourages you to listen.  You won't be disappointed.

"When you're proud, your life becomes an endless cycle of comparison and competition."  

Can anyone relate to the power in this statement?   It is very relevant to me personally, and as a member in our blogging community, it is especially relevant where we routinely share each others' progress and successes for our readers to see on a monthly basis.  How dangerous it is to see each other's monthly dividend reports and net worth updates, etc.  when our thoughts and pursuits are not checked against a large amount of humility and a proper focus on what is actually important!

"We are all hungry. Our souls are hungry.  And the reason for that, King Solomon explained, is because God put eternity in our hearts.  Blaise Pascal and other philosophers have said this as well; God has created the human heart with a gigantic hole in it. And we spend all our lives trying to figure out what goes in that hole.  And so we try money. We try the approval of others. We try romantic love.  None of it works. Because that hole is in the shape of God himself and it's the size of eternity!".....The reason that these items don't make you happy is because they were never intended to make us happy in the first place!

And my absolute favorite:

"Most of us are in a culture where we THINK that our happiness is directly proportionate to our circumstances.  And if you want to be happy your circumstances have to change. In fact, our word "happiness" in English comes from the word 'happening' - you are happy when what you want to happen happens. When your happenings are happening correctly, then you are HAPPY. And when things are not happening correctly, you are UNHAPPY. But Jesus says your happiness, if you're ever going to find it, is not going to be contingent on your happiness or your happenings.  Your happiness is going to be contingent upon your relationship with God."

"It is when you hunger and thirst for righteousness that not only will you be filled, you will overflow with happiness!"

In closing, the message is definitely worth listening to.  Here is the link to it below:

Eight Ways to Be Happy According to Jesus

Thanks for reading, and be happy...!

Passive Income Dude


Saturday, December 10, 2016

Income/Expenses: November 2016

One of my favorite posts of the month! It's very personal and helps keep me extremely accountable!

I think it takes a little bit of guts to share your income and expenses openly with the world. But that said, I think there is value for both of us in reading this post. I will do a similar post every month.

General Thoughts on this Month: Progress is happening, albeit slower than I would like. Fortunately I think I will reach another of my goals for this year JUST IN THE NICK OF TIME! Thanks to diligent saving and spending I believe I will have my family debt reduced to my goal amount of only $5000 left (I know, still high!...agh) by the end of the year, but I started the year at $29,000, so I am not too disappointed, with this goal actually being achieved on December 15th. Very thankful for this!  It may not seem like a big deal, but to me it is!

All of that said, listed below is a detailed display of all income and expenses for the month of November 2016.  

Thursday, December 1, 2016

Passive Income Report: November 2016

It is time again for my Monthly Progress Review.

In each progress review I will list a summary of all dividends I received, the rental income I received, and any purchases I made from that particular month.


This monthly report covers November 2016.  


I hope you enjoy these posts and that we can learn how to grow our passive income streams and build real long-term wealth together! 


Read More to see how I earned $581 this month in passive income,