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Author Topic: Almost broke 20k in passive income  (Read 5915 times)

xDavidx

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Almost broke 20k in passive income
« on: January 12, 2016, 03:17:15 PM »
I almost broke 20k in passive income in 2015, including taxable and tax deferred accounts.

2015
$432.73
$369.76
$604.00
$451.76
$390.44
$388.80
$1,111.97
$770.21
$886.45
$1,000.19
$751.12
$12,056.30

$19,213.73 total.

This includes dividends, capital gains and rental income.
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Erica

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Re: Almost broke 20k in passive income
« Reply #1 on: January 12, 2016, 08:08:11 PM »
Good JOB! That's wonderful to hear
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GrowingTheGreen

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Almost broke 20k in passive income
« Reply #2 on: January 13, 2016, 12:47:54 PM »
Tell us more! What's your asset allocation look like? What's the story on your rental? Congrats!


Sent from my iPhone using Tapatalk
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arebelspy

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Re: Almost broke 20k in passive income
« Reply #3 on: January 14, 2016, 03:56:01 AM »
Dynamite!  Does that put you close to FI?  Halfway there?  20% there?  :)
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Greenback Reproduction Specialist

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Re: Almost broke 20k in passive income
« Reply #4 on: January 14, 2016, 08:59:29 AM »
Awesome! I would also be interested in hearing about the allocation information.
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xDavidx

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Re: Almost broke 20k in passive income
« Reply #5 on: January 14, 2016, 01:48:58 PM »
Sure, here is some additional info.

Rental: This is a townhouse that was our primary residence until 3 years ago when we moved. We decided to hire a property management company to rent it out for us instead of selling. Last year was the first year we changed tenants. Also the first year we raised the rent (changed in June). With no unexpected expanses, it cash flows up to $730 a month after mortgage and hoa fees.

Investments: About 80% of my holdings are in VTTHX. This explain the large increase in December. I have a bit in the Vanguard admiral REIT fund and some in Vanguard or Fidelity S&P 500 funds. I do have some money in taxable accounts that provide a little over $100 a month in dividend income. Working on increasing this.

I averaged just over $20 a month on interest on savings last year also.

Hope this answers some questions.

Thanks!
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dantownehall

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Re: Almost broke 20k in passive income
« Reply #6 on: January 19, 2016, 01:20:17 PM »
Haha, for a second I thought the subject of your post meant that you were almost broke but had 2k in passive income.  I was confused!
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YoungRetire

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Re: Almost broke 20k in passive income
« Reply #7 on: January 21, 2016, 08:54:00 PM »
Amazing ! Good Job man ! I cannot believe that they never taught any of this stuff in school. Well that's probably because John D Rockefeller started the general education board in 1903 and stated that he wanted a nation of workers. Not thinkers.
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happy

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Re: Almost broke 20k in passive income
« Reply #8 on: January 21, 2016, 10:01:49 PM »
Well done! Close to FI?
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xDavidx

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Re: Almost broke 20k in passive income
« Reply #9 on: January 21, 2016, 10:39:02 PM »
Quote from: happy on January 21, 2016, 10:01:49 PM
Well done! Close to FI?

I think I will need to work another 5 years.
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happy

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Re: Almost broke 20k in passive income
« Reply #10 on: January 21, 2016, 10:43:00 PM »
Not too bad then, getting closer :)
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