Passive Income Dude (YR 3): Passive Income Report: December 2017 ($4,004!!)

What an amazing way to end the year! I literally cannot believe how it ended. For the last few months I had been saying that I thought it would be a “photo finish” as to whether or not I would reach my passive income goal for the year (of $13,000). Going in to December, my total was only $9,189 and so I knew I would need a monstrous December monthly total if I was going to make it.

Well, I am very happy to report that I achieved my goal with a grand total of $13,194.24!

Side note – my finger is still in cast and so I will keep this post short, but I do plan to do a 2017 Annual Review in a few weeks where I will highlight more details.

General Thoughts on This Month: This was my best month since the creation of Passive Income Dude with a grand total of $4,004.76 earned in completely passive income.

What an incredible blessing! The system is working and I am patiently watching the snowball pick up momentum! It is incredible to see what the power of patience and compounding can do to your returns. Here are the details from this month below:

Dividends Received

*All dividends are always reinvested.

There are a few very cool things that happened in this month’s total in regards to dividends that I would like to highlight quickly:

1) This is the first time ever where a single holding had a payout in the 4 digits! Vanguard Wellington was a huge payer for me at $1,078 by itself!

2) This is the first time I’ve ever had a monthly total in the $3000s. This is awesome and definitely did not happen over night.

I have four active rental properties, which if you’ve been following my story have varying levels of success: my Missouri Rental my Colorado Rental, and my two North Carolina rentals: North Carolina 1 and North Carolina 2. Listed below is the cash flow that each of these properties provided this month:

As you can see from above, this month had over several hundred dollars in real estate expenses, which I always hate because they come right out of my bottom line cash flow total. Thankfully 3 of the 4 properties still were positive.

In summary, with dividends and rental cash flow combined, Total Passive Income Received: $4,004.76

Purchases

I added a little more to my wife’s ROTH IRA (~$750), but it was in a few small chunks and I’m still paying down debt and de-levering currently. Nothing exciting.

Thoughts on This Month

This was an incredible month for Passive Income, and I am so thankful for this month’s performance.

Compared to last year’s December’s total in 2016 of $2,658, my YoY growth for this month was 50.7%. This puts my annual YoY growth average at 60.7% per month.

With the addition of this month’s income to my Progress Tab I now have earned $13,194 in total this year in passive income.

Thanks for reading as always. I greatly appreciate your comments and will do my best to always respond. It’s been an incredible year and I will save a lot of my concluding thoughts and analysis for my annual review post in a few weeks. And once my finger heals I will try to write a little more. Additionally, I’ve made some improvements to how I track and analyze the data, which I will start in 2018 as well. Take care!

Passive Income Dude