Passive Income Dude (YR 3): Passive Income Report: February 2018

Hello!

I’m excited to report February’s passive income total, and share what I’ve learned with you.

Unfortunately I’m still diligently studying for the PMP exam, and so I don’t think I’ll be writing much more than once a month for this blog. But that’s ok. And I’ll be thankful once this exam is over…if I pass! 🙂 Then I can start writing more frequently.

General Thoughts on This Month: February was a great month, and I’d like to briefly share why; not because of a record number, or 4 digit passive income, or a major change in my portfolio, but simply because it is is reflective of the system that I have built from years of diligent saving and investing and wise decision making. A system that you too can build. Really all it takes is diligence, patience, and sacrifice. It’s incredible what you can achieve with those three ingredients.

This month I received $984 in passive income and it wasn’t because of anything new that I did. All of this amount from this month was from past decisions I made in which I am now reaping the reward. It really is true that you reap what you sow. This is a life-principle that I would not fight against! You truly do reap what you sow. So I would say, sow deeply!

Dividends and Rental Income Received

I have several individual stocks, but primarily mutual funds, and also 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 assets provided this month:

In summary, with dividends and rental cash flow combined, Total Passive Income Received: $984.79.

Purchases

I always do my best to add to our Roth IRAs early in the year and this February was no different. I still have a long way to go but I’m proud of my progress. My recommendation: always try to max your ROTH IRAs!

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 February total in 2017 of $179, my YoY growth for this month was 450%. Wow. 450% growth. Not a bad way at all to continue into the second month of the year!

I’ll note that last year I only had 2 active rental properties…and now I have 4, which accounts for the major increase in YoY growth. This should continue through June, at which point actual, “new growth” will be more accurately measured.

With the addition of this month’s income to my Progress Tab I now have earned $1,996 in total this year in passive income. Little behind my desired pace, but I expect big months on the 3-6-9-12 cycle to hopefully make up for it.

Thanks for reading as always. I greatly appreciate your comments and will do my best to always respond.

Dan