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, the online income I received, and any purchases I made from that particular month.
This monthly report covers March 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 $848.01 this month in passive income,
Dividends Received
I received dividends from five companies and three funds this month:
Pfizer, Spectra Energy, American Electric Power, Duke Energy, Prospect Capital, Vanguard 500 Index, Vanguard Wellington, and Vanguard Emerging Markets Index. Listed below are the details for each:
I received dividends from five companies and three funds this month:
Pfizer, Spectra Energy, American Electric Power, Duke Energy, Prospect Capital, Vanguard 500 Index, Vanguard Wellington, and Vanguard Emerging Markets Index. Listed below are the details for each:
*Pfizer (PFE): $18.00
*Spectra Energy (SE): $113.00
*American Electric Power (AEP): $28.00
*Prospect Capital (PSEC): $32.93
*Vanguard 500 Index (VFIAX): $128.68
*Vanguard Wellington (VWELX): $106.73
*Vanguard Emerging Markets Index (VEIEX): $12.32
*Vanguard 500 Index (VFIAX): $128.68
*Vanguard Wellington (VWELX): $106.73
*Vanguard Emerging Markets Index (VEIEX): $12.32
Total Dividend Income Received: $471.01
Rental Income Received
I currently have two rental properties, my Missouri Rental and my Colorado Rental. Listed below is the cash flow they provided this month:
Missouri Rental: $43
Colorado Rental: $334
Total Rental Income Received: $377
*Thankfully this was another quiet month with my rental properties. I literally did ZERO work, did not even think about them, and received $377. What a blessing, again!
**From the two above rentals, I also experienced an 'equity paydown' total of $920 which is not accounted for in the above cash flow numbers. This is another reason why rental properties are incredible investments! This amount is $2 larger than February's report.
***I did not receive any online income from the month. This most likely won't change until the middle of the year.
Therefore, for the month of March, Total Passive Income Received: $848.01
Purchases
I made another purchase to my Roth IRA since I have not reached its limit yet:
Rental Income Received
I currently have two rental properties, my Missouri Rental and my Colorado Rental. Listed below is the cash flow they provided this month:
Missouri Rental: $43
Colorado Rental: $334
Total Rental Income Received: $377
*Thankfully this was another quiet month with my rental properties. I literally did ZERO work, did not even think about them, and received $377. What a blessing, again!
**From the two above rentals, I also experienced an 'equity paydown' total of $920 which is not accounted for in the above cash flow numbers. This is another reason why rental properties are incredible investments! This amount is $2 larger than February's report.
***I did not receive any online income from the month. This most likely won't change until the middle of the year.
Therefore, for the month of March, Total Passive Income Received: $848.01
Purchases
I made another purchase to my Roth IRA since I have not reached its limit yet:
My Roth IRA:
Vanguard 500 Index (VFIAX): $100
Vanguard Star (VGSTX): $45
Vanguard Wellington (VWELX): $130.33
Vanguard Target Retirement 2045 (VTIVX): $143.00
Vanguard Emerging Markets (VEIEX): $40
Vanguard 500 Index (VFIAX): $100
Vanguard Star (VGSTX): $45
Vanguard Wellington (VWELX): $130.33
Vanguard Target Retirement 2045 (VTIVX): $143.00
Vanguard Emerging Markets (VEIEX): $40
This was a big month for passive income for me. With the addition of March's income to my Progress Tab I now have earned $1,791.91 this year in passive income. A great first quarter to 2016.
As always, I appreciate your thoughts and insight. Please comment below.
Thanks for reading,
Passive Income Dude
Passive Income Dude
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