Passive Income Dude (YR 3): Passive Income Report: May 2017

It is time again for my Monthly Progress Review, and I almost missed it! My family and I (my mom, brother, sister, and my wife….without the kids!) were on an Alaskan cruise for the last week or so.  I highly recommend one if you ever have the opportunity! What a blast.

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 May 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: May was a relatively quiet month for passive income and, again, I hardly have anything to say but that I am thankful for what we received and that some income is always better than no income! Just sticking to the process with months like these.

Anyway, Read More to see how I thankfully still earned $417 this month in passive income…

Dividends Received

I currently have two rental properties, my Missouri Rental and my Colorado Rental, but NEXT MONTH my North Carolina rental will be active. I’m excited to start reporting numbers for this property!  Listed below is the cash flow my active rental properties provided this month:

My Colorado property had an $89 repair expense for a leaking A/C unit. Agh! I cannot stand rental property expenses!  They come directly out of the cash flow bottom line.

Therefore, with dividends and rental income and expenses, Total Passive Income Received: $417.36

Purchases

This month I continued progress towards achieving my 2017 financial goals #6 and #7, by contributing about $1,400 towards my ROTH IRA and my wife’s ROTH IRA. Specifically, we made purchases totaling $1400 spread across all six of our mutual funds, listed below:

VWELX: Vanguard Wellington

VTIVX: Vanguard Target Retirement 2045

VGSTX: Vanguard Star

VFIAX: Vanguard 500 Index

VGSIX: Vanguard REIT Index

VEMAX: Vanguard Emerging Markets Index

Thoughts on This Month

This month was pretty uneventful, except for the possible 4th new rental property added to my portfolio, which I recently wrote about here.  This property has some exciting prospects, but it also has some bad news. We will see what happens with this property, as the inspection report uncovered some serious foundation issues that really scare me! Not sure how we’ll proceed yet, but we could walk away from this deal.

In conclusion, last year’s total in May was $634, resulting in a YoY growth rate of negative 34% (HA!).  I think this decline is because I’ve been recently reducing my individual stock positions while adding to my mutual funds. Rental property expenses never help growth either. We’ll see but right now I am drastically off pace from my primary goal.  

With the addition of this month’s income to my Progress Tab I now have earned $2,588.60 in total this year in passive income.  Wow, I am off pace for my Passive Income Goal.  But the journey is long and sometimes it takes patience! It’s “all about moving forward…”

Thanks for reading, and I always appreciate any comments,

Passive Income Dude