Another month down…time continues to roll as we are already now one quarter of 2018 complete!
This was a great month for passive income, as most mutual funds pay out on the 3, 6, 9, 12 month cycle and is where I have the bulk of my portfolio outside of real estate. I have a difficult time with individual stocks now, with all of the academic research suggesting otherwise.
Anyway, I’m still diligently following the simple but difficult to maintain process of day-in and day-out, trying to control my spending, saving wisely, and then deploying that capital in a consistent, diversified manner with the ultimate goal of trying to grow my passive income.
This month I received $1508.54 in passive income. What a blessing! Here are the details:
Dividends and Rental Income Received
As you can see, I had some more expenses with my Missouri property, causing negative cash flow. I unfortunately have to report more expenses for April’s report, and am now considering selling the property. We’ll see but this property may leave my portfolio after this tenant cycle.
Nothing fancy….just continuing to add to our ROTH IRAs when possible. About $1-2K or so.
Thoughts on This Month
This was a great month for Passive Income, and I am thankful for this month’s performance. Compared to last year’s March total in 2017 of $959, my YoY growth for this month was 57%. I continue to see very large growth, which is great. The only way to sustain it however is to buy another property, or heavily invest in asset producing income. We’ll see…may buy a 5th property sooner if a deal comes my way!
With the addition of this month’s income to my Progress Tab I now have earned $3505 in total this year in passive income. Little behind my desired pace, but the best quarter I’ve had.
Thanks for reading as always. I greatly appreciate your comments and will do my best to always respond. Stay the course!