September 2017 (348% YoY Growth!)

It is time again for my Monthly Progress Review, and I’m excited because this is my FOURTH record month in a row…and one where I achieved a 348.6% Year-over-year growth rate from last September 2016. Things are really clicking into place for my portfolio – praise God!

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 September 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: In September 2016 I received $369. WHAT A BLOWOUT this year’s September was, comparatively. This was my 4th record month in row, and it was also the first month where all 4 of my rental properties paid out with no expenses or issues. Completely, 100%, passive income. This was also only the second month ever where I have achieved 4 digits of passive income in a month that isn’t December (my big paying month, due to mutual funds.)

Read More to see how I earned $1,655.24 this month in passive income,

Dividends Received
Dividends were very strong this month with 4 mutual funds and 7 individual securities paying out:

*All dividends are always reinvested. I’m very pleased with the $735 from the stocks and bonds side of my portfolio!

Wow. Just so awesome. This is the first time where all four of my properties paid out and NONE had any expenses. What a blessing! Therefore, this is what the “ideal” results of my rental portfolio should look like each month if there are no repairs or maintenance costs. $920 in cash flow! And about $1500 in mortgage paydown that isn’t captured here.

In summary, with dividends and rental cash flow combined, Total Passive Income Received: $1,655.24

Purchases

Still no purchases this month, or for the foreseeable future unfortunately. I’m in debt big time (again, yes again, thanks to rental property #4), to the tune of about $17,500. Of course, this amount should (or could) be considered equity, which I would almost certainly get back if I “sold” the property, but I had to borrow all of it to fund the actual purchase….So now it is time to start paying it back, before I do anything else. And I plan to pay back as much of it it as I can in the next 3 months or so and then look to add to my wife’s ROTH IRA if possible and as quickly as I can to close out the year.

Thoughts on This Month

This was a great month for Passive Income. Compared to last year’s September total in 2016 of $369, my YoY growth for this month was 348.6%. This puts my annual YoY average through the first 9 months of this year at 55.4% per month.

With the addition of this month’s income to my Progress Tab I now have earned $7,212 in total this year in passive income. A lot….but also not a lot., compared to where I need to be. I did make up a lot of ground, and you can clearly see it it the graph now, as the gap between “where I need to be” and “where I am” is starting to narrow.

Granted, I am still behind where I need to be, but not as bad as I was last month. I think it is going to be a photo finish actually as to whether or not I achieve my primary Passive Income Goal. But in summary I’m counting on some big months ahead followed by a massive December, if I’m going to make it!

I wanted to close with the exact same quote I closed with last month, because it is so, so pertinent and important to all of us; especially us bloggers who like tracking our progress, who enjoy money I am sure, and who most likely want to retire early:

“Whoever loves money never has enough; whoever loves wealth is never satisfied with their income. This too is meaningless.”

What a great warning. Thanks for reading, and I always appreciate any comments,

Passive Income Dude