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