Passive Income Report – First Half – 2019

We’re half way through the year and my personal goal was to beat each quarter last year. Actually, that’s the goal every year. I’ve already missed the Q1 2019 report so I’ve decided to review the entire first half of 2019 instead since I’ve still been keeping track of the numbers.

It’s been an interesting one so far. The year started off a little rough in the markets, but quickly bounced back and it’s been on the up since then. I also started the year unemployed and have since then gained employment and have been back on the savings wagon! So let’s get to it…

Here are the monthly numbers for Q1 – 2019:

NameAmount Per Month
ATT Stock$34
Vanguard$53
Betterment$166
LendingClub$260
AE Savings$5
Acorns Dividend$1
Stash Dividend$6
Total:$519 Per Month

Changes from Q1 – 2018 to Q1 – 2019

Since I want to look at my year over year difference I want to compare the first quarter of 2018 to my first quarter of 2019. Last year I brought in $477 per month and this year it was $519. I’ve increased my monthly passive income by $42 per month when compared to a year ago. I’ll take it!

Here are the monthly numbers for Q2 – 2019:

NameAmount Per Month
NOK Stock$23
Vanguard$63
Betterment$198
LendingClub$205
AE Savings$14
Acorns Dividend$3
Stash Dividend$27
Guideline$5
Total:$539 Per Month

Changes from Q2 – 2018 to Q2 – 2019

This one was close! I only beat last year’s same quarter 539 to 517, a $22 difference. A win is a win though. Part of this was due to my diminishing returns in Lending Club as I withdrawal the funds. I’ve also started to invest back into the 401k with a 4% match. Cha-ching!

How Am I Doing Overall?

I’ve learned to go with the flow, but sometimes the flow is going in the opposite direction! Rome wasn’t built in a day and neither is a financial portfolio. The fact is, I beat each month on average and that was the goal. The next half is going to be even better as I finally became a landlord this year. Assuming no major hiccups, I should drastically beat out last years monthly returns.

What Bills Can I Pay?

With an average monthly return of $529 per month in the first half, I’m pretty excited for the second half. With many financially independent people, real estate investing or website income seems to be the ticket to fast tracking their financial independence by years if not decades!

As for the bills, I can basically pay for all the regular small bills on my plate, and most of my condo association dues, but still short. Since the condo is rented out now, I’ve factored the dues into rent so now I’ll just have to add my new monstrous rent to the line item moving forward since I don’t live there anymore and had to find a new place to live. This second half will be quite the bump and I’m looking forward to seeing how everything continues to pan out.

Final Thoughts

Given that I accidentally found myself in a mini-retirement last year, I’m pretty excited to say that I still beat my monthly passive returns. It’s actually incredible since I wasn’t working half the year. My net worth has also risen by about $50k since last year even given the time off.

Looking back a few years, it’s really incredible how much you can do if you focus on something. It’s like Bill Gates said, “Most people overestimate what they can do in one year and underestimate what they can do in ten years.” 

*Last Note:  I do realize that the money would be taxed had I decided to pull the money out.  For now, all stock and index dividends are getting reinvested though.  I can number crunch later when figuring out taxes, etc. but for the purposes of achieving my shorter term goals, I’m not figuring taxes in.  Am I fooling myself?  Maybe, but I’m okay with that for now.    

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