Wednesday, May 17, 2017

Income/Expenses: April 2017

Sorry this post is a little late.  It's been a little crazy lately with my Graduation from Duke. 

So I'll get right to it:

General Thoughts on this Month: Overall this month had a lot of larger expenses, making it very hard to achieve a high savings rate. I've said it before and I will say it again, it doesn't really matter how much money you make if you're spending it all! 

The road to wealth is in consistently having a large difference between what you earn and what you spend.  The 'extra' that you have at the end of each month, wisely invested, is what makes you wealthy.  See my Must Read Books and read The Richest Man In Babylon, where this point is really hit home.

Additionally, I've updated my all-time Savings Rate page here.

Without further adieu, listed below is a detailed display of all income and expenses specifically for the month of April 2017.  Every penny in and out, recorded!

Saturday, May 6, 2017

Passive Income Report: April 2017

It is time again for my Monthly Progress Review, the fourth of the year, and what a boring one it was.

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 April 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! 

General Thoughts on This Month: April was very slow for passive income. I hardly have anything to say but that I am thankful for the little we received and that some income is always better than no income!  This month was also the first month since PassiveIncomeDude was launched last July where my rental properties had negative cash flow.  Thankfully I received an escrow refund, otherwise this could have been a pretty low month (less than $50, which is why I said my comment above).

Anyway, Read More to see how I thankfully still earned $655 this month in passive income...