This is the first time I get to consolidate my passive income for an entire year as I only started on this journey in mid-2016. Although I don't actually "see" the income coming in month-to-month (as I am still relying on my active income for expenses, so my passive income goes straight into the common savings pool), it still feels great to see the consolidated numbers at the end of the year.
So here are the numbers in graphical form:
Interest income for the year = $4,147.75
Dividend income for the year = $3,741.56
TOTAL Passive Income = $7,889.31
This works out to be $657.44 per month.
Not too shabby.
I remember a time when I had to teach tuition, 2 lessons of 1.5h each per week, to earn an additional $600 a month. This additional source of income can be entirely replaced already! (And indeed, I've stopped giving tuition as I wanted to spend more time with my two young children)
I will do a consolidation of my net worth soon.
So here are the numbers in graphical form:
Interest income for the year = $4,147.75
Dividend income for the year = $3,741.56
TOTAL Passive Income = $7,889.31
This works out to be $657.44 per month.
Not too shabby.
I remember a time when I had to teach tuition, 2 lessons of 1.5h each per week, to earn an additional $600 a month. This additional source of income can be entirely replaced already! (And indeed, I've stopped giving tuition as I wanted to spend more time with my two young children)
I will do a consolidation of my net worth soon.