Friday, June 23, 2017

Income/Expenses: May2017

I love the balancing act this picture to the left portrays. Take a second to study the picture. I love it. And I especially love it in months like the May that we just had.

The picture speaks of recurring expenses attempting to achieve perfect balance with recurring income.  A beautiful harmony.  

Now oftentimes in our family, however, this balancing act seems more akin to a galactic battle, in which unseen forces struggle all month long hoping to achieve total household dominance! Does anyone else feel like expenses are rarely 'recurring' and usually come out of NOWHERE sometimes??

General Thoughts on this Month: Our 'unexpected' expenses approached galactic proportions this the tune of over $1,400.  How often do both of our vehicles need new brakes and the same time!  Thankfully, our 'income' side (the good side of the force, I'll call it) fought back hard as well, and we were able to still manage a positive savings rate (see my all-time Savings Rate page here).

Anyway, listed below is a detailed display of all income and expenses specifically for the month of May 2017.  Every penny in and out, recorded!

Tuesday, June 20, 2017

Passive Income Report: May 2017

It is time again for my Monthly Progress Review, and I almost missed it! My family and I (my mom, brother, sister, and my wife....without the kids!) were on an Alaskan cruise for the last week or so.  I highly recommend one if you ever have the opportunity! What a blast.

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 May 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: May was a relatively quiet month for passive income and, again, I hardly have anything to say but that I am thankful for what we received and that some income is always better than no income! Just sticking to the process with months like these.

Anyway, Read More to see how I thankfully still earned $417 this month in passive income...

Saturday, June 3, 2017

My 4th Rental Property Is Under Contract!

Hello all!

I'm sorry it has been awhile since I've last written.  Things have been extremely busy, but I am very happy to report that despite my 'projected plans' for investments, etc., a unique opportunity came my way and I now am under contract on another investment property! This property puts my total real estate investments now at 4 single family homes!

This was quite the blessing and (completely out of the blue, to be honest). I think there are a few famous sayings that really apply to what happened with this situation: first, opportunity favors the boldsecond, help others get what they want, and you'll get what you want;and third, you really can buy properties with no money down (albeit, this was a unique opportunity).  You'll see more how these apply in the rest of the post below.  They came to mind very quickly as I was reflecting on this experience.

Nonetheless, I'm excited about this investment deal, and I'd love to share the details with you now: