Saturday, July 1, 2017

Passive Income Report: June 2017 (Record!)

It is time again for my Monthly Progress Review, and I'm excited because I always love reporting June's #s.

To start however, the verse "he who exalts himself will be humbled, but he who humbles himself will be exalted", has been on my mind a lot lately.  As such, I hope these reports show my excitement and thankfulness for clear signs of progress, hard work, and blessings coming to fruition, but that they also do not appear as me trying to exalt myself.  That's not the point of these posts. The point is to track progress.

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 June 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: June was a great month, as many of my mutual funds saw large payouts. And additionally, the rental property segment of my portfolio also picked up into a new gear, which should continue to accelerate through the second half of this year.  This was also the first month of 2017 where I had 4-digit passive income; a great accomplishment from many years of hard work, sacrifice, and persistence.

Read More to see how I thankfully earned $1,058.48 this month in passive income!


Dividends Received
5 mutual funds and 6 individual stocks paid out for me this month. The snowball is slowly picking up steam.


All dividends are always reinvested.

Rental Income Received
I am happy to report that I now have three active rental properties, my Missouri Rental my Colorado Rental, and my North Carolina rental. Listed below is the cash flow that each of these properties provided this month:


The North Carolina number reflected above is after that property had $325 in cleaning expenses. The carpets and house needed to be professionally cleaned in order to have it ready for rent, so cash flow would have been higher had I not had this expense....there is always something! But next month should perhaps be better, and I am by no means disappointed in over $300 in total cash flow.

Therefore, with dividends and rental cash flow combined, Total Passive Income Received: $1,058.48

Purchases
This month I made two purchases.  First, I contributed slightly under $1,000 to my Roth IRA (still pursuing goal number 6!), distributed across my 5 mutual funds, listed below:

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

My second purchase was of Costco (COST), a new holding for me, which I wrote briefly about here. I think Costco is a great business and I imagine it will provide healthy returns for the near future.  This purchase, like the one above, was right around $1,000.

Thoughts on This Month
This was a great month for Passive Income.  Compared to last year's June total in 2016 of $437, my YoY growth for this month was 142%. Triple digit growth, from a starting at $400+ in passive income, is hard to achieve so I am thankful and proud of the results from this month.  I imagine things will continue to progress as this year continues and another rental property in North Carolina becomes active, perhaps (yep! stay tuned!).

I've also started doing some consulting with a firm based out of Durham, and after doing that I wanted to see if anyone would like to discuss real estate, investing, or personal finance one-on-one as either a coaching or teaching session? It'd be free at first of course, so no pressure to accept. There probably isn't anyone, but I'd be willing to do that and would enjoy it! Just looking to meet and talk with like minded people. So please let me know if you're interested.

Finally, with the addition of this month's income to my Progress Tab I now have earned $3,647 in total this year in passive income.  That equates to about $20 per day, which is quite a blessing.

But when compared to my goal, yikes! I am now over $2,800 behind the pace I need to meet my primary Passive Income Goal 

But believe it or not, I still believe I WILL catch up, and will meet it.  These last 6 months of reports from July to December will be very interesting.  We'll see what happens!

Thanks for reading, and I always appreciate any comments,

Passive Income Dude 

19 comments:

  1. Over $1k in passive income for a month is a very solid figure to achieve. I just climbed on the PFE bandwagon recently. Happy to be a fellow shareholder with you. Nice to see your three active rentals all in the black this month as well. I think that's two months in a row now if I remember correctly that your rentals are all producing positive returns. You are well on your way. Thanks for sharing.

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    1. Thanks Keith. Good to hear about PFE. I always appreciate your comments! As for my rental income (fingers crossed) wait until you see July! :) Take care buddy,

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  2. Nice passive income stream for the month! I wish California real estate wasn't so expensive. I'd love to add real estate to our passive income stream too. Hopefully one day. ;)

    Best wishes and continued success buddy! AFFJ

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    1. Thanks AFFJ! California is definitely not MY market (at least) for real estate purchasing. It'd probably be nice for capital appreciation though (at least currently!). Thanks for stopping by and know that I love following your journey!

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  3. Congrats on crossing the $1k mark. Very impressive. I almost hit the mark, missed $1k by $25 dollars.

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    1. Thanks IH! Nice job! June's always fun to watch the progress. July should be great as well!

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  4. Congrats man! That is a huge, huge milestone. The end of the quarter month always pays off for the mutual fund holders! Looks like the rentals did well this month too!

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    1. Thanks Stacker. Yea the rentals (I think) should start playing a larger part of each month's totals. And yes, as you say (especially for large mutual fund holdings), the end of the quarter is always the best!

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  5. Congrats on the awesome month! Triple digit growth and first month over $1k. Love seeing records being broken. How do you like your Vanguard 500 Index fund? That was just added as a choice for my 401k and debating reallocating to it or at least partly. Looks likes a solid choice.

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    1. Daze, thanks! I personally think the 500index should be a core holding for one's portfolio. You won't see incredible returns (unless the market itself is producing incredible returns), but over a long period you also probably won't be poor either. Which, in a lot of ways, should be the goal of a core holding! :)

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  6. Congrats on passing into the four figure club! That's an awesome accomplishment. Love the end of the quarter for dividend payments. I'm a $156 away from it so a couple more pick ups this year and I should be right there with you. Nice job!

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    1. Great job Duncan. It is nice to see progress for sure!

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  7. PID -

    2 Words. BREAKING RECORDS.

    -Lanny

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    1. Ha, thanks Lanny. Yea I think I may have the possibility of individual month records for every month of this year from here on out. We will see!

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  8. Good job some day those rentals will be major contributors. The dividends are good also. Keep it up

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    1. Thanks DivandHobbies! I think the Real Estate Income should be pretty solid for the next few months at least. We shall see!! As for the dividends, I just make slow, regular contributions to our Roth IRAs, nothing too fancy.

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  9. Thats amazing. Congrats PID. Setting new records show that you are on the right course.

    Best wishes
    R2R

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    1. Thanks R2R, loving your progress as well! I think July will be a record also!

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  10. Dude this is a great report for a number of different reasons. First of all, congrats on passing 4-digits. That's a big deal. I'm just starting out and so I'm not even close to getting three-digits, but slowly but surely wins the race.

    I find it interesting that you report on your rental properties in your monthly income. I bought my first house last year and am looking to get it rented out. I've hired a property manager and the house is on the market. There is a showing in a couple of days, but who knows. After reading this post, one thing I might do is incorporate the rental income as part of my overall passive income report - rather than just reporting it from my dividend income. We will see, but in any case, thanks for the inspiration and again, great report. Looking forward to more

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