I always love reading blogs about other investors’ investment income. Watching other people’s passive income rise is my second favorite thing (the only thing better is watching our passive income rise!)
This report includes income from dividends and our rental properties. Although we don’t own any now, if we have other sources of passive income in the future (CDs, bonds, etc.) I’ll include them here as well.
|MO||Altria Group Inc||$363.36|
|DE||Deere & Company||$168.86|
|ITW||Illinois Tool Works Inc.||$128.99|
|PM||Philip Morris International Inc.||$268.50|
|4 properties owned 50%||$442.26|
|4 properties owned 100%||$1,025.73|
|Total rental income||$1,467.99|
|Total passive income||$2,672.98|
|Annualized annual income from last 3 months||$67,067.56|
This wasn’t a very interesting month from a dividend perspective. The first month of a quarter is always the lowest. This month we had $1,204.99 in dividends compared to a total of $10,941.76 in December!
I purchased some more Nike stock in December, so that number will be significantly higher in April (the next time Nike pays a dividend).
I continue to be amazed at the amount of profits pumped out by the cigarette businesses. Altria and Philip Morris are absolute cash cows.
This category includes net income from the 4 rental properties that my wife and I own, plus 50% of the income from 4 rental properties that we own with my mom.
This number does not include appreciation of the properties or the decrease in the mortgage balance.
Another month where all the properties are firing on all cylinders. We had no maintenance issues at any of the 8 properties and they are all occupied. This is the maximum monthly income we can expect from the properties at the current rents.
Total passive income
Dividend + rental income = $2,672.98
Annualized passive income based on last 3 months of income = $67,067.56
(note: I calculate the annualized number by adding up the last 3 months of passive income and multiplying by 4).
This was a solid month. Our goal is to have $120,000/year in passive income before I quit my job. These numbers put us just over halfway there. If we saved and invested no additional money I would expect to hit $120,000 in passive income in about 10 years just from the growth of our existing investments.
My goal is to hit that number in 5 years by aggressively adding to our investments.
How did everybody else do with their passive income this month?