Passive Income - Race to 10k per year

[Mainlander]

JANUARY UPDATE

                      Rolling 12 months

08/01/17         1815
01/01/18         2430
08/01/18         2848
09/01/18         2877 
10/01/18         2846
11/01/18         2955
12/01/18         2972
01/01/19         3476 ($504 increase)
02/01/19.        3699 ($223 increase)

FEBRUARY UPDATE

03/01/19         3730 ($31 increase)

Couldn’t get logged into my old account, so opened this one. Small increase, as expected this month.

[Ozlady]

Today is 3 March 2019

Hi There

What an interesting thread!  I am joining  here on behalf of my daughter...

(my own passive income is $120K a year... )

My daughter is 19 and her passive income (annual) is at the moment $1198 ...

She earns 14K a year as a part time tutor while still in university ...throwing excess cash to shares , LICs regularly...

Here's hoping she will take over this thread by herself one day...:))

[eightyeighttoone]

Great idea! This will take a looooong time for me. But will be fun to track!

2018 Passive Income was about $500.

Hard to know exactly b/c like others have noted, I haven't yet found where it's stated for the target date index fund in my 401(k). Others were easy to find.
Defining passive income basically as just stock dividends.

[haypug16]

So my work changed 401K providers back in October and the new provider doesn't really make it easy to figure out my gains. I started tracking this myself manually. So I'll be updating by the month instead of a rolling total.

2019 Total
$4,015.15 as of 3/15/19

[haypug16]

2019 Total
as of 3/31/19 - $3,683.57
as of 4/30/19 - $5,232.39 ($1,548.82 gains for April)

[SwordGuy]

@Mainlander , what are you including as passive income?

Dividends only?   Or 4% of your stock/bond stash?

NOI on rental property?

[Mainlander]

@Mainlander , what are you including as passive income?

Dividends only?   Or 4% of your stock/bond stash?

NOI on rental property?

Dividends, interest earned from savings, and interest from peer to peer lending. Don’t think it works out to 4% of my stache, probably somewhere between 2% and 3%.

[Ozlady]

Today is 3 March 2019

Hi There

What an interesting thread!  I am joining  here on behalf of my daughter...

(my own passive income is $120K a year... )

My daughter is 19 and her passive income (annual) is at the moment $1198 ...

She earns 14K a year as a part time tutor while still in university ...throwing excess cash to shares , LICs regularly...

Here's hoping she will take over this thread by herself one day...:))

Today is 25 May 2019

Update :

   Passive Income as at 3 March 2019               $1198
                         as at 25 May 2019                  1369 ($171 or 14% increase yay!)

Target : $1500 by 30 Sep 2019..easy peasy!

Onwards and forwards ...

[haypug16]

2019 Total
as of 3/31/19 - $3,683.57
as of 4/30/19 - $5,232.39
as of 5/31/19 - $3,037.69 (big decrease this month)

[diapasoun]

Ohhhh this is fun!

I'll join in and give an update quarterly in what I like to call "personal fiscal years" (my birthday is at the end of May, so using the start of June as the start of a new fiscal year is very conveniently similar to my actual-years-on-earth).

Passive income is from dividends and interest in multiple accounts.

PFY 2019: $1292.88

Plenty of room for growth. ;)

[Mainlander]

                     Rolling 12 months

08/01/17         1815
01/01/18         2430
08/01/18         2848
09/01/18         2877 
10/01/18         2846
11/01/18         2955
12/01/18         2972
01/01/19         3476
02/01/19.        3699
03/01/19         3730
04/01/19     3768
05/01/19     3858
06/01/19     3865
07/01/19     4086   

Been a busy few months. Not quite on track for 5k by year end, but progress nonetheless.

[haypug16]

2019 Total
as of 3/31/19 - $3,683.57
as of 4/30/19 - $5,232.39
as of 5/31/19 - $3,037.69
as of 6/30/19 - $6,012.28

Market did pretty well this month :)

[RWD]

Graphing fun (quarterly dividends)

[diapasoun]

PFY 2019: $1292.88
June 2019: $116.92

[Ozlady]

Today is 7 July 2019

Update on my daughter (20 years old)'s :

  Passive income (rolling annual)

    March 2019 : 1198
    May 2019    : 1369
    June 2019    : 1769

Next target : 2000 by end of Dec 2019...this would involve  throwing in $5000 into her Vanguard High Growth Fund...at the rate of about $1000 per month...easy peasy!

[Mainlander]

Graphing fun (quarterly dividends)

I can definitely see the effects of compounding on your passive income, nice work 👍

[SwordGuy]

$10,000 in passive income is a major financial stability milestone!

It's enough to keep a roof over your head during a lengthy job loss.

It's enough to replace a car.

It's enough to replace a roof or an HVAC unit or some other major home repair expense.

It's enough to cover a serious (though not catastrophic) medical bill.

It's enough to provide food.

Congrats to all of you working so diligently at it!

Every $1000 of passive income you reach is that much closer to financial freedom, too!

[Scommm]

2019 YTD $1760 taxable
2019 YTD $2606 non-taxable

[Ozlady]

Today is 7 July 2019

Update on my daughter (20 years old)'s :

  Passive income (rolling annual)

    March 2019 : 1198
    May 2019    : 1369
    June 2019    : 1769

Next target : 2000 by end of Dec 2019...this would involve  throwing in $5000 into her Vanguard High Growth Fund...at the rate of about $1000 per month...easy peasy!

Today is 19 July 2019

Broken the 2K mark due to transfering savings to investments:)

     Update on my daughter (20 years old)'s journey :

  Passive income (rolling annual)

    March 2019 : 1198
    May 2019    : 1369
    June 2019    : 1769
    July 2019     :  2061

Next target : $2350 which at an average return of 5% would involve throwing in $5780 ..at $1000 per mth, this should take up to Jan 2020 to accomplish.

Long term target : 5K by the time she graduates at age 24...

Onwards and forwards!

[haypug16]

2019 Total
as of 3/31/19 - $3,683.57
as of 4/30/19 - $5,232.39
as of 5/31/19 - $3,037.69
as of 6/30/19 - $6,012.28
as of 7/31/19 - $6,122.05 +$109.77 increase

Just a small increase in gains this month but overall for the year not too bad. 61% of the way there.

[Car Jack]

Too hard to figure out.  Fidelity only allows 90 days of viewing in a shot.  And for some reason, it only shows one fund at a time.  This is too much work....therefore not passive.

So as passive income....I'll say unknown.
If I were to figure it out, it....by definition....becomes non-passive.

Catch 22.
Or maybe Adam 12 or Car 54.

[diapasoun]

Passive income defined as interest income and dividends.

PFY 2019: $1292.88
June--July 2019: $216.85

[Mainlander]

JULY UPDATE
             
      Rolling 12 months

08/01/17         1815
01/01/18         2430
08/01/18         2848
09/01/18         2877 
10/01/18         2846
11/01/18         2955
12/01/18         2972
01/01/19         3476
02/01/19.        3699
03/01/19         3730
04/01/19         3768
05/01/19         3858
06/01/19         3865
07/01/19         4086   
08/01/19         4188 ($102 increase)

With the new house purchase, there was not much cash deployed to new investments. Expect growth to be low for the next few months. Hopefully, we will sell our old house soon, and refocus on our investment accounts.

[Ozlady]

Today is 7 July 2019

Update on my daughter (20 years old)'s :

  Passive income (rolling annual)

    March 2019 : 1198
    May 2019    : 1369
    June 2019    : 1769

Next target : 2000 by end of Dec 2019...this would involve  throwing in $5000 into her Vanguard High Growth Fund...at the rate of about $1000 per month...easy peasy!

Today is 19 July 2019

Broken the 2K mark due to transfering savings to investments:)

     Update on my daughter (20 years old)'s journey :

  Passive income (rolling annual)

    March 2019 : 1198
    May 2019    : 1369
    June 2019    : 1769
    July 2019     :  2061

Next target : $2350 which at an average return of 5% would involve throwing in $5780 ..at $1000 per mth, this should take up to Jan 2020 to accomplish.

Long term target : 5K by the time she graduates at age 24...

Onwards and forwards!

Today is 10 August 2018

Due to stockmarket turmoil, DD threw a bit more cash to purchasing shares/ETFs..

Update on my daughter (20 years old)'s journey :

  Passive income (rolling annual)

    March 2019 : 1198
    May 2019    : 1369
    June 2019    : 1769
    July 2019     :  2061
    August 2019  :  2197

Next target is still $2350 which based on average 5% return would involve throwing cash to buy shares/ETF/Vanguard Growth Managed Fund to the tune of $3060...

at the average rate of $1000/mth , this should arrive by Nov 2019..2 months earlier than planned..

Long term target : 5K by time she graduates (age 24).

Onwards and forwards!

Footnote: Younger brother (18 yrs old) is hot on her heels: passive income : $1423 rolling annual atm:)

[MMM123]

In.

Will be counting only the two sources of passive income that I am actively trying to grow.

11 Aug 2019 :$388

[Mainlander]

AUGUST UPDATE
             
      Rolling 12 months

08/01/17         1815
01/01/18         2430
08/01/18         2848
09/01/18         2877 
10/01/18         2846
11/01/18         2955
12/01/18         2972
01/01/19         3476
02/01/19.        3699
03/01/19         3730
04/01/19         3768
05/01/19         3858
06/01/19         3865
07/01/19         4086   
08/01/19         4188 ($102 increase)
09/01/19         4217 ($29 increase)

Small increase as expected. As of right now my new goal for year end is $4500.

[Ozlady]

HI Mainlander

Amazing your passive income has more than doubled from when you first started 2 years ago:)

If you continue to double at this rate, the results would be amazing in the next few years!  (curious to know your age too!)

Care to share how?  Is it continually throwing in money into the stockmarket? Do you have a regular set amt?

Would love to hear:)..for my daughter's learning..tks!

PS: i look forward to tagging you ..as a motivating factor:)

[Ozlady]

Today is 10 August 2018

Due to stockmarket turmoil, DD threw a bit more cash to purchasing shares/ETFs..

Update on my daughter (20 years old)'s journey :

  Passive income (rolling annual)

    March 2019 : 1198
    May 2019    : 1369
    June 2019    : 1769
    July 2019     :  2061
    August 2019  :  2197

Next target is still $2350 which based on average 5% return would involve throwing cash to buy shares/ETF/Vanguard Growth Managed Fund to the tune of $3060...

at the average rate of $1000/mth , this should arrive by Nov 2019..2 months earlier than planned..

Long term target : 5K by time she graduates (age 24).

Onwards and forwards!

Footnote: Younger brother (18 yrs old) is hot on her heels: passive income : $1423 rolling annual atm:)

Today is 3 Sep 2019

Update on my daughter (20 years old)'s journey :

  Passive income (rolling annual)

    March 2019 : 1198
    May 2019    : 1369
    June 2019    : 1769
    July 2019     :  2061
    August 2019  :  2197
    Sept 2019 : 2492  (13% increase in a Month:)

DD has reached her half way mark to her goal of 5K passive income when she graduates..in 4 years time...

Next short term goal is 2700 which involves throwing in about 3500 into either VAS/LICs at average rate of 5.5% return.

[cloudsail]

I don't understand, if this is mostly dividends, shouldn't the numbers folks are reporting on this thread not be consistently increasing monthly? Shouldn't there be big jumps every March, June, September and especially December, then much smaller amounts for the other months?

[Mainlander]

HI Mainlander

Amazing your passive income has more than doubled from when you first started 2 years ago:)

If you continue to double at this rate, the results would be amazing in the next few years!  (curious to know your age too!)

Care to share how?  Is it continually throwing in money into the stockmarket? Do you have a regular set amt?

Would love to hear:)..for my daughter's learning..tks!

PS: i look forward to tagging you ..as a motivating factor:)

Hey Ozlady

 I’m 35 years old, and yes it is just basically just throwing money into the market. I have a variable income with overtime, so there is no set amount every month. I have a good idea of my monthly expenses so I just basically throw the extra I make into my investment accounts on payday, to avoid lifestyle inflation.

 Looks like your daughter is off to a great start in life. I think most people here share the same sentiment, that we wish we would of started saving at a young age. She is going to be so grateful to you in her future. Nice work 👍.

 

[Mainlander]

I don't understand, if this is mostly dividends, shouldn't the numbers folks are reporting on this thread not be consistently increasing monthly? Shouldn't there be big jumps every March, June, September and especially December, then much smaller amounts for the other months?

Hey cloudsail,

 My passive income is the mostly dividends, and that is generally how mine works. There might be some variation due to the dividend payout date being variable for my quarterly, semi- annual, and annual dividends.

 For example, sometimes my semi annual divs pay out at the end of June, and sometimes the start of July. This has also occurred for my quarterly dividends. So depending on the payout dates, sometimes it will spread the gains over more months.

[haypug16]

2019 Total
as of 3/31/19 - $3,683.57
as of 4/30/19 - $5,232.39
as of 5/31/19 - $3,037.69
as of 6/30/19 - $6,012.28
as of 7/31/19 - $6,122.05
as of 8/31/19 - $6,269.98 (+$147.93 increase)

p.s. I include gains to my passive income not just dividends.

[diapasoun]

Passive income defined as interest income and dividends.

PFY 2019: $1292.88
June--August 2019: $241.04

I don't understand, if this is mostly dividends, shouldn't the numbers folks are reporting on this thread not be consistently increasing monthly? Shouldn't there be big jumps every March, June, September and especially December, then much smaller amounts for the other months?

I think this is true for folks whose passive income is mostly dividends; like Mainlander, mine is pretty bunched up, with some variation depending on which month a quarterly dividend pays out. However, there are definitely going to be people with other passive income streams here.

I'd personally like to create another passive stream or two over time, but it'll take a bit.

[Ozlady]

HI Mainlander

Amazing your passive income has more than doubled from when you first started 2 years ago:)

If you continue to double at this rate, the results would be amazing in the next few years!  (curious to know your age too!)

Care to share how?  Is it continually throwing in money into the stockmarket? Do you have a regular set amt?

Would love to hear:)..for my daughter's learning..tks!

PS: i look forward to tagging you ..as a motivating factor:)

Hey Ozlady

 I’m 35 years old, and yes it is just basically just throwing money into the market. I have a variable income with overtime, so there is no set amount every month. I have a good idea of my monthly expenses so I just basically throw the extra I make into my investment accounts on payday, to avoid lifestyle inflation.

 Looks like your daughter is off to a great start in life. I think most people here share the same sentiment, that we wish we would of started saving at a young age. She is going to be so grateful to you in her future. Nice work 👍.

Tks Mainlander for sharing.......

Lets race together to 10K AND BEYOND:))))

[Ozlady]

I don't understand, if this is mostly dividends, shouldn't the numbers folks are reporting on this thread not be consistently increasing monthly? Shouldn't there be big jumps every March, June, September and especially December, then much smaller amounts for the other months?

Hi Cloudsail

My investing has been much influenced by this poster called Spoonman...worth reading his journal....

Also try to google Financial Samurai's post on Passive Income..here

Here: https://www.financialsamurai.com/ranking-the-best-passive-income-investments/

Good luck and do post so we can learn from one another:)

[MMM123]

11 Aug 2019 -> $388
4 Sept 2019 -> $540

[cloudsail]

I don't understand, if this is mostly dividends, shouldn't the numbers folks are reporting on this thread not be consistently increasing monthly? Shouldn't there be big jumps every March, June, September and especially December, then much smaller amounts for the other months?

Hi Cloudsail

My investing has been much influenced by this poster called Spoonman...worth reading his journal....

Also try to google Financial Samurai's post on Passive Income..here

Here: https://www.financialsamurai.com/ranking-the-best-passive-income-investments/

Good luck and do post so we can learn from one another:)

Thanks for the link, very interesting! I've been a little interested in the real estate crowd funding thing because it's been in the news so much lately. We're more traditional real estate investors. We have two rental properties managed by property managers, so I do consider them very passive. We had two vacancies this year and I didn't even have a chance to touch base with the PM about the listings before the new renters already moved in.

I think last year between rental, dividends and interest, we netted around $40,000 in passive income. This isn't something I'm actively chasing though, as I tend to look more at total returns.

[Mainlander]

SEPTEMBER UPDATE
             
      Rolling 12 months

08/01/17         1815
01/01/18         2430
08/01/18         2848
09/01/18         2877 
10/01/18         2846
11/01/18         2955
12/01/18         2972
01/01/19         3476
02/01/19.        3699
03/01/19         3730
04/01/19         3768
05/01/19         3858
06/01/19         3865
07/01/19         4086   
08/01/19         4188 ($102 increase)
09/01/19         4217 ($29 increase)
10/01/19         4241 ($24 increase)

 Another small increase this month. Normally I expect a nice bump in October. However, I’ve sold off some ESPP shares this summer, and with the high markets never got all the money reinvested. I’m sitting on about 20k cash in my registered accounts now, and plan to DCA it into index funds for the remainder of the year.

[Ozlady]

Today is 3 Oct 2019

Update on my daughter (20 years old)'s journey :

  Passive income (rolling annual)

    March 2019 : 1198
    May 2019    : 1369
    June 2019    : 1769
    July 2019     :  2061
    August 2019  :  2197
    Sept 2019 : 2492 
    Oct 2019: 2568 ($76 increase ie 3% increase over Sept)

Net worth is $37082 which equates to a 6.9% return (not bad!)

Next short term goal is 2700 which involves throwing in about 2400 into either VAS/LICs at average rate of 5.5% return.  This should be completed by mid Nov.

Footnote: to earn that $2568 at the current bank's extremely low term deposit rate of about 1.7% (1 yr) would involve her putting in 151 058...ie another way of looking at things!

[haypug16]

2019 Total
as of 3/31/19 - $3,683.57
as of 4/30/19 - $5,232.39
as of 5/31/19 - $3,037.69
as of 6/30/19 - $6,012.28
as of 7/31/19 - $6,122.05
as of 8/31/19 - $5,149.98 (Edited from prior post)
as of 9/31/19 - $4,826.97 (down a few hundred but overall up for the year...so far)

[MMM123]

11 Aug 2019 -> $388
4 Sept 2019 -> $540

8 Oct -> $552

[arebelspy]

Really cool thread.

Posting to follow/so I can find it later.

Is there a subsequent thread people "graduate" to with a higher limit?

[RWD]

Is there a subsequent thread people "graduate" to with a higher limit?

There is now.

[McStache]

I'm in! I'm counting trailing twelve months of dividends + interest.  Hopefully, I'll graduate within a couple years.

2019Q3: $5,839
2018Q3: $3,938
2017Q3: $2,748
2016Q3: $1,972

[mbk]

I rented two rooms in my house last year around this time and so far I got $12000 for the last year as rent.

[Ozlady]

Today is 1 Nov 2019

Update on my daughter (20 years old)'s journey :

  Passive income (rolling annual)

    March 2019 : 1198
    May 2019    : 1369
    June 2019    : 1769
    July 2019     :  2061
    August 2019  : 2197
    Sept 2019 :     2492 
    Oct 2019:        2568
    Nov 2019 :      2700 (5% increase over Oct)


Net worth is now $37975 which equates to a 7.11% return (not bad!)

So DD has hit spot on her goal of $2700 in passive income this month:)...

I told her  she has earned a free air ticket to Europe EVERY YEAR for the rest of her life OR another way of looking at it is she has earned herself the option of taking off 1 month  FOR THE REST OF HER LIFE without really needing to work :)...

Now the next goal is to work towards the Second Month and so on and on...

Passive Income ROCKS!



Next goal is 3000 which is going to be more difficult ; this would require her to throw in $5000 in savings to buy either LICs/VAS at about 5% return...She leaves for Paris in early Dec so this is the last month she can earn her side hustle of giving tuition...

Footnote: to earn that $2700 at the current bank's extremely low term deposit rate of about 1.7% (1 yr) would involve her putting in 158 823...ie it is as if ther pseudo net worth is 158 823 instead of 37975....

Now extrapolate that to 17 000 anuual passive income and her pseudo net worth is $1 million !(Bingo!)

[diapasoun]

Passive income (dividends, account interest) since June 1 is $448.91. Slow n steady.

[Mainlander]

OCTOBER UPDATE
             
      Rolling 12 months

08/01/17         1815
01/01/18         2430
08/01/18         2848
09/01/18         2877 
10/01/18         2846
11/01/18         2955
12/01/18         2972
01/01/19         3476
02/01/19.        3699
03/01/19         3730
04/01/19         3768
05/01/19         3858
06/01/19         3865
07/01/19         4086   
08/01/19         4188 ($102 increase)
09/01/19         4217 ($29 increase)
10/01/19         4241 ($24 increase)
11/01/19         4305 ($64 increase)

  Smaller than normal increase for quarterly results. This is due to me selling a good portion (1/4) of my ESP shares (which pays about a  4-5% div) to put into index funds. To clarify, my primary focus is not to maximize my dividends, as my index funds average less than a 3% div payout. My main focus is to maintain a diversified portfolio of etfs, but in the meantime I enjoy tracking my passive income during my journey.
  I am going to receive my checking account annual cash back bonus in November ($300). Not sure whether I will include this in my passive income. As it is being discontinued next month in exchange for a reward program

[haypug16]

2019 Total
as of 3/31/19 - $3,683.57
as of 4/30/19 - $5,232.39
as of 5/31/19 - $3,037.69
as of 6/30/19 - $6,012.28
as of 7/31/19 - $6,122.05
as of 8/31/19 - $5,149.98
as of 9/31/19 - $4,826.97
as of 10/31/19 - $6,537.66 - 65% of the way there :)

[haypug16]

2019 Total
as of 3/31/19 - $3,683.57
as of 6/30/19 - $6,012.28
as of 9/31/19 - $4,826.97
as of 10/31/19 - $6,537.66
as of 11/30/19 - $8,093.06