Wednesday, February 1, 2017

Passive Income Report: January 2017

It is time again for my Monthly Progress Review, the first of the year.  Crazy to think that we are already 1 month into 2017.

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 January 2017.  

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! 

The most exciting part of this month for me is that I FINALLY GET TO REPORT YoY growth. Passive Income Dude is less than a year old, but I started tracking my income in January of 2016, so I now can finally report my year-over-year growth each month, which I am very excited about.

Read More to see how I earned $377 this month in passive income and would have achieved a 39.5% YoY growth rate if it weren't for.....

Dividends Received
In total, I received dividends from only three companies this month.  January is such a light month for me in terms of dividends.

Anyway, listed below are the details for each:



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:


Some of you might have noticed that my Colorado cash-flow decreased.  This is due to higher taxes unfortunately.  And of course, my Missouri property 'strikes again' with another repair...this one was $90 making cash-flow negative $26 for the month. 

Therefore, with dividends and rental income, Total Passive Income Received: $377

Purchases
My last purchase was in September of 2016, so I am very thankful to have made new purchases this month.  Not as large as I would have liked, but I still made a purchase! Five actually, with no cost to do so using mutual funds. 

During January 2017 I added $1,016 total, spread across the following five funds:

VTIVX - Vanguard Target Retirement 2045
VFIAX - Vanguard 500 Index
VWELX - Vanguard Wellington
VGSTX - Vanguard Star
VEMAX - Vanguard Emerging Markets Index

Over $1k added is not bad, and I hope to double this number in several months once my debt is gone.  Yes, still tackling debt.

Thoughts on This Month
This amount is woefully lower than the pace that I need to be at in order to achieve my passive income goal. I anticipate that the back half of this year will really be the determining factor as to whether or not I make $13k in passive income.  I'm still straddled with debt, so until that is gone this is about the best I can do in terms of new purchases.

That said, I had a YoY growth of 12.7%. 

And had my Missouri property not had another small $90 repair, I would have achieved 39.5% YoY growth, which would have been excellent. 12% is not bad, and I'm thankful to see January go up at all since it is a smaller month comparatively.

With the addition of this month's income to my Progress Tab I now have earned $377 this year in passive income.  The journey is long!

Thanks for reading, and I always appreciate any comments,

Passive Income Dude 

17 comments:

  1. Great work!
    Your goal is 13k passive income this year? Wow, I cheering for you brother.

    It's small and steady steps that keep moving the numbers higher and higher. Having a 13% YoY is the right direction!

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    1. Thanks DiviCents! Yea the goal is $13k...actually revised downward from $14k originally (for like 5 days or so, lol). $13k is actually doable, and I think I'll come close hopefully!

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  2. Nice start to the year Dude, it's definitely nice having some history to compare to. Let's you know if your forward looking ideas make any sense at all :)

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    1. Thanks Stacker...you're right! That's funny about ideas not making sense...sometimes I think that's where my ideals fall! lol

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  3. Putting up a nice year over year growth is always cool to see. You are really diversified with stocks,funds and real estate. Adding anther $1k in fresh capital will only make your 2017 total even sweeter. Thanks for sharing, even the repairs that impact your flow. It's all part of the game.

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    1. Thanks Keith, I frankly CANNOT wait to be out of debt and then start to consistently add large sums of capital. I think I am still about 3 months out or so from that happening. The later half of 2017 is going to be exciting...in either a good way, or bad way! And once Missouri is more properly managed, things should improve. :)

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  4. Nice YoY growth and congrats on the income total. Can't wait to see how you do in February :)

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    1. Thanks Freeze, I'm enjoying following your journey as well. I think March is actually going to be a better indicator of progress than January, but we'll see! Appreciate the support!

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  5. With me going back to work we're going to be focused on debt reduction too. Things just kind of piled up over the last few years but such is life when there's other things to focus on. I can't remember but is there a reason you're not throwing everything at debt to get rid of it quicker as opposed to investing that extra $1k?

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    1. Hey PiP, I hear ya man. Always competing priorities it seems, but most of the time in a good way (dinner date w/ wife vs save $50, buy diapers for kids, but am so thankful I've got awesome healthy kids, etc. :)

      As for the debt reduction, all of my debt outside of mortgage debt is at 0% interest. So really I don't have incentive to pay it off early. Last year once I maxed my ROTH and wife's ROTH, then I switched to paying it off. Now that roths are open, I will do that first. Thanks for asking though because you're right - eliminating debt first often makes the most sense.

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  6. Awesome job. Every month that is positive is good

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    1. Thanks Div and Hobbies, I think our system is good, but the process is slow currently. After our North Carolina home purchase we took on a significant amount of debt to buy the house. I think it will be worth it!

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  7. Nice month! I own NLY and PSEC myself and look forward to adding more new companies this year. Thanks for sharing.

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    1. Thanks Driven! It's awesome to have you comment (I love your website!). Keep it up bro,

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  8. Awesome month and glad to see the rentals in positive territory as well.

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    1. Thanks Timeinthemarket. I CANNOT wait to have my NC rental get a tenant and become active. Second half of 2017 should be good!

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  9. Great month! That rental income really helps.

    Scott

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