Passive Income Report: April 2018, Disaster Strikes!
Passive Income Dude
by
3y ago
Disaster finally strikes! I've always been concerned about my rental properties having multiple, large expenses all in the same month.  But thankfully this hasn't really happened.....until now. During the month of April I had over $960 in real estate-related repair costs.  $960.88 to be exact! Wow, almost $1k of expenses in a single month. This huge number, as you can imagine, wiped out my cash flow. When I first started Passive Income Dude, my first report for the month of April, which occurred last year in 2017 was the first month ever where my properties in sum produced ..read more
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Passive Income Report: March 2018
Passive Income Dude
by
3y ago
Another month down...time continues to roll as we are already now one quarter of 2018 complete! This was a great month for passive income, as most mutual funds pay out on the 3, 6, 9, 12 month cycle and is where I have the bulk of my portfolio outside of real estate.  I have a difficult time with individual stocks now, with all of the academic research suggesting otherwise. Anyway, I'm still diligently following the simple but difficult to maintain process of day-in and day-out, trying to control my spending, saving wisely, and then deploying that capital in a consistent, diversified m ..read more
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Passive Income Report: February 2018
Passive Income Dude
by
3y ago
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 ..read more
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Passive Income Report: January 2018
Passive Income Dude
by
3y ago
Hello! Sorry for the delay in posting! My finger is mostly better, so my typing is basically back, which is good news.  I've been diligently studying for the PMP (project management professional) exam with all of my free time, and so that is why I really haven't written. I imagine I'll pick back up the frequency in a month or so. General Thoughts on This Month: January started off nicely, with no issues and no surprises.  Though I feel very thankful for the system I've created, I still feel "cash poor", with everything either being reinvested or used for paying down debt.  Eve ..read more
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Passive Income Report: December 2017 ($4,004!!)
Passive Income Dude
by
3y ago
What an amazing way to end the year! I literally cannot believe how it ended.  For the last few months I had been saying that I thought it would be a "photo finish" as to whether or not I would reach my passive income goal for the year (of $13,000).  Going in to December, my total was only $9,189 and so I knew I would need a monstrous December monthly total if I was going to make it. Well, I am very happy to report that I achieved my goal with a grand total of $13,194.24! Side note - my finger is still in cast and so I will keep this post short, but I do plan to do a 2017 Annual R ..read more
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Passive Income Report: November 2017
Passive Income Dude
by
3y ago
My apologies again for the delay.  Finger is still in a cast....just got x-rays again today and will be wearing this thing for the next 3 weeks.  Looking forward to this injury being in the past! But, I have been working hard on a new method to track and capture my progress, so I'll be releasing that for the start of 2018.  Getting pretty solid with databases and pivot tables! Anyway, I didn't want to miss November's relatively decent passive income report, so without further adieu... General Thoughts on This Month: With one month of 2017 left, it is literally going to b ..read more
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Income/Expenses: October 2017
Passive Income Dude
by
3y ago
I recently broke my finger pretty badly, and am now in a cast and am unable to type very well for the near future. Frustrating! But things could be much worse and I apologize for getting this report accomplished so late. Unfortunately I will have to keep it short.  But I will follow with my November passive income total in several days. General thoughts on this month: This was a good month for us.  Each month we stick to a relatively general, but very closely monitored plan and we continue to de-lever with everything left over.  November's and December's expenses are alw ..read more
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Goals for 2018: Big Things Ahead!
Passive Income Dude
by
3y ago
In this post, I'd like to share a draft  plan of what I think my 2018 Financial Goals will be.  It's only November of 2017 still, so I've got a few weeks left to adjust any of these goals if necessary, but as it stands right now I think these will be what I strive for in 2018, from a financial perspective. My primary purpose with these goals is simple: to give me a benchmark of success, to know where I should be heading when things are unclear, and to evaluate how well I am doing over the long 365 days we have in 2018. For this year I decided on 10 financial goals (in 2017 I had 1 ..read more
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Passive Income Report: October 2017
Passive Income Dude
by
3y ago
Sorry for the delay! - It is time again for my Monthly Progress Review, and again I am happy to report a very large YoY growth of 108% from last October. Despite the large number, it was a rather boring month, of zero action or excitement or purchases or anything new...just letting the system work. Still, I'm happy to receive the amount my portfolio generated! 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 October 2017.  I hope you enjoy these posts ..read more
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Income/Expenses: September 2017
Passive Income Dude
by
3y ago
Another month has passed and it is time again for my monthly Income/Expenses report.  In these reports I highlight what income I made during the month, what sources all of the income came from, and where it all went on the 'expenses'-side; showing all purchases by category...every dollar! Ideally, when it all is calculated I achieve a high savings rate, and then I post that to my Savings Rate tab for month-by-month tracking of progress. General thoughts on this month: This was another 'standard' month for us. Nothing exciting, nothing extraordinary, but simply discipline ..read more
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