Home online earnings Passive Revenue Dude (YR 3): Passive Revenue Report: August 2017 (Report x3!)

Passive Revenue Dude (YR 3): Passive Revenue Report: August 2017 (Report x3!)

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Passive Revenue Dude (YR 3): Passive Revenue Report: August 2017 (Report x3!)

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It’s time once more for my Month-to-month Progress Assessment, and I am excited as a result of that is my third file month in a row..thanks largely to rental properties.

In every progress assessment I’ll checklist a abstract of all dividends I acquired, the rental earnings I acquired, and any purchases I made from that exact month.


This month-to-month report covers August 2017.  
I hope you take pleasure in these posts and that we will be taught the way to develop our passive earnings streams and construct actual long-term wealth collectively! 






Common Ideas on This Month: August was one other file month for me, and the snowball is lastly rolling, albeit nonetheless not quick sufficient but (sadly) to succeed in my passive earnings purpose for the 12 months (agh!). However hey, that’s okay. I had actual property bills of over $230, however I nonetheless was capable of enhance my YoY progress for this month by 28.2%. That may be very encouraging!

Learn Extra to see how I earned $843.45 this month in passive earnings,

Dividends Acquired
Dividends had been considerably useful with 4 shares paying out:


*All dividends are all the time reinvested.

As you’ll be able to see, I really had $125 carpet restore value in my Colorado House and a $115 smoke detector restore value in my Missouri dwelling. So regardless of over $230 in repairs, I nonetheless had optimistic rental money move of $680.50. I hope that that is an indicator that my threat is beginning to lower, as I can now cowl repairs extra simply and nonetheless be within the ‘optimistic’, however who is aware of! We’ll see, however I’m feeling good.

In abstract, with dividends and rental money move mixed, Complete Passive Revenue Acquired: $843.45


Purchases

No purchases this month, or for the foreseeable future sadly.  I am in debt massive time (once more, sure once more, because of rental property #4).  I plan to pay down debt for about 3 months or so after which look so as to add to my spouse’s ROTH IRA as rapidly as I can.


Ideas on This Month

This was an awesome month for Passive Revenue.  In comparison with final 12 months’s August whole in 2016 of $658, my YoY progress for this month was 28.2%. 

With the addition of this month’s earnings to my Progress Tab I now have earned $5,557 in whole this 12 months in passive earnings. So much….but additionally not lots., in comparison with the place I have to be. That’s cool to suppose although that now my one ROTH IRA may be utterly funded by passive earnings if I wished. Good!

When in comparison with my purpose, nonetheless, yikes! I’m now over $3,000 behind the tempo I have to be at in an effort to meet my major Passive Revenue Aim  See an in depth graph of the progress and hole, right here.



As I stated final month, I nonetheless imagine I WILL catch up, and can meet my purpose.  These final 4 months of stories from September to December will probably be very attention-grabbing. I believe I’ve stopped the bleeding when it comes to falling extra behind…now I simply must catch up! I anticipate enormous months in SEP and DEC, the place I could make up some floor. So we’ll see what occurs!

I am going to shut with the next quote:Whoever loves cash by no means has sufficient; whoever loves wealth is rarely happy with their earnings. This too is meaningless.”


What an awesome warning.  Thanks for studying, and I all the time admire any feedback,


Passive Revenue Dude 



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