Monday, September 25, 2023

Passive Income Dude (YR 3): Passive Income Report: June 2017 (Record!)

It is time again for my Monthly Progress Review, and I’m excited because I always love reporting June’s #s.

To start however, the verse “he who exalts himself will be humbled, but he who humbles himself will be exalted”, has been on my mind a lot lately.  As such, I hope these reports show my excitement and thankfulness for clear signs of progress, hard work, and blessings coming to fruition, but that they also do not appear as me trying to exalt myself.  That’s not the point of these posts. The point is to track progress.

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 June 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: June was a great month, as many of my mutual funds saw large payouts. And additionally, the rental property segment of my portfolio also picked up into a new gear, which should continue to accelerate through the second half of this year.  This was also the first month of 2017 where I had 4-digit passive income; a great accomplishment from many years of hard work, sacrifice, and persistence.

Read More to see how I thankfully earned $1,058.48 this month in passive income!

Dividends Received
5 mutual funds and 6 individual stocks paid out for me this month. The snowball is slowly picking up steam.

All dividends are always reinvested.

The North Carolina number reflected above is after that property had $325 in cleaning expenses. The carpets and house needed to be professionally cleaned in order to have it ready for rent, so cash flow would have been higher had I not had this expense….there is always something! But next month should perhaps be better, and I am by no means disappointed in over $300 in total cash flow.

Therefore, with dividends and rental cash flow combined, Total Passive Income Received: $1,058.48


This month I made two purchases.  First, I contributed slightly under $1,000 to my Roth IRA (still pursuing goal number 6!), distributed across my 5 mutual funds, listed below:

VWELX: Vanguard Wellington

VTIVX: Vanguard Target Retirement 2045

VGSTX: Vanguard Star

VFIAX: Vanguard 500 Index

VEMAX: Vanguard Emerging Markets Index

My second purchase was of Costco (COST), a new holding for me, which I wrote briefly about here. I think Costco is a great business and I imagine it will provide healthy returns for the near future.  This purchase, like the one above, was right around $1,000.

Thoughts on This Month

This was a great month for Passive Income.  Compared to last year’s June total in 2016 of $437, my YoY growth for this month was 142%. Triple digit growth, from a starting at $400+ in passive income, is hard to achieve so I am thankful and proud of the results from this month.  I imagine things will continue to progress as this year continues and another rental property in North Carolina becomes active, perhaps (yep! stay tuned!).

I’ve also started doing some consulting with a firm based out of Durham, and after doing that I wanted to see if anyone would like to discuss real estate, investing, or personal finance one-on-one as either a coaching or teaching session? It’d be free at first of course, so no pressure to accept. There probably isn’t anyone, but I’d be willing to do that and would enjoy it! Just looking to meet and talk with like minded people. So please let me know if you’re interested.

Finally, with the addition of this month’s income to my Progress Tab I now have earned $3,647 in total this year in passive income.  That equates to about $20 per day, which is quite a blessing.

But when compared to my goal, yikes! I am now over $2,800 behind the pace I need to meet my primary Passive Income Goal 

But believe it or not, I still believe I WILL catch up, and will meet it.  These last 6 months of reports from July to December will be very interesting.  We’ll see what happens!

Thanks for reading, and I always appreciate any comments,

Passive Income Dude 

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