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 October 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: A rather boring month as I said of simply letting the system execute what it's been set up to do. This month was carried almost exclusively by the real estate portion of my portfolio, which I am fine with because that is where my focus has been the last few years. It may be time to start focusing back on the equities side soon. The market just seems pricey and the bull-market is now the second oldest in history. When will we see a 20% drop?
All of that said, Read More to see how I earned $980.25 this month in passive income,
Rental Income Received
In summary, with dividends and rental cash flow combined, Total Passive Income Received: $980.25
Thankfully all of my interest bearing debt has now been eliminated. The $14,000 mentioned above is on a credit card at 0% until June of 2018. I love this strategy of delaying payment!
Thoughts on This Month
This was a good month for Passive Income. Compared to last year's October total in 2016 of $470, my YoY growth for this month was 108.6%. This puts my annual YoY average through the first 10 months of this year at 60.8% per month.
With the addition of this month's income to my Progress Tab I now have earned $8,192 in total this year in passive income. Unfortunately this month actually represents a small 'loss' in the ground I need to make up in order to reach my passive income goal. I still think it is going to be a photo finish actually as to whether or not I achieve my primary Passive Income Goal. But in summary I'm counting on a MASSIVE DECEMBER if I'm going to make it!
Thanks for reading, and I always appreciate any comments,
Passive Income Dude