Thursday, July 13, 2017

Income/Expenses: June 2017

This post is a little late, and I have to keep it short unfortunately.  But I wanted to post it before I fell too far behind and missed it!

I'll cut right to the chase:

General Thoughts on INCOME:
1) Income was thankfully very high this month due to somewhat of a 'bonus' at work.

General Thoughts on EXPENSES:
1) Expenses were also high thanks to 'travel', which was mostly just two flights from NY to Seattle, hotel/car, etc. to go on our family cruise to Alaska that I mentioned in an earlier article.  It was a blast, but definitely pricey. 

2) And I know shopping appears very high, as well.  Some of you may be thinking - "this guy spends money like crazy. What are you thinking!" But literally it was only 3 purchases, and none of them were "fun": 1) new military uniforms for work ($775, and was a mandatory purchase),  2) a race registration for the Army 10miler ($70 I think), and 3) printer ink. lol. See? Nothing really fun or exciting, but $876 spent nonetheless! Ouch. The uniforms were the significant bulk of the costs, and all were required for my job.

Well, unfortunately I have to go. I'm happy with our overall savings rate this month of about 40%, and I've updated my Savings tab, above.  We knew the uniforms and cruise were going to be expensive, so we tried to not spend really anywhere else.  Of course, all of the surplus went towards debt repayment.  Yep, still doing that. Ugh!

Thanks for reading!


Friday, July 7, 2017

1 Year of Passive Income Dude! The Highlights!

Several days ago my second son turned one year old. What a cool event in my life! Also several days ago, this blog turned one year old! Also very cool!

Passive Income Dude was launched on 01 July 2016, and it is great to have one year now fully completed in the books!  Since the start of this blog, a lot has happened in my own life and in my passive income journey, and since I sometimes share details about my own life in addition to my investments, etc., I thought it would be interesting to share a relatively comprehensive list of highlights that have happened since this blog was first created one year ago.  I'll stick to only the most important things from three categories: my Passive Income, my Investments, and my Personal Life.  Here we go!

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!