This update and our net worth update for January are coming out a few weeks late. I had an unfortunate computer issue with Quicken that caused me to lose a few months worth of data. It took a while to enter everything back in and get the numbers in order so I can run the numbers to generate these reports.
I always love reading blogs about other investors’ investment income. Watching other people’s investment income rise is my second favorite thing (the only thing better is watching MY investment income rise!)
Here is our investment income for January, 2022. This report includes income from dividends, interest, mutual funds, and rental properties.
Overview
Without further ado, here’s what our investment income looked like for the month:
Dividend & Interest Income
Total dividend income for the month was $3,079.46. This is up 31% from last January. This increase was driven by new investments in ViacomCBS (now named Paramount) and dividend increases in our other investments.
Rental income
This category includes net income from the 6 rental properties that my wife and I own, plus 50% of the income from 4 rental properties that we own with my mom. This number does not include appreciation of the properties or the decrease in the mortgage balance (those numbers show up in the net worth report).
However, this income is net of all mortgage, tax, and insurance payments. That is, this is a true cash flow report for our rental properties.
Total rental income was $5,169.87 for the month. This was our highest 1-month rental income since I’ve been tracking it, and was $900 more than the previous highest month. We have raised the rent on a few of our properties due to some turnover, and this really helped the bottom line.
Total investment income this month
Dividend + rental income = $8,249.33
Our total monthly passive income was up 115% over last January. This was easily our best January ever and a very solid month across the board.
Changes
I bought 1,000 shares of ViacomCBS $35.18/share. The company is unbelievably cheap right now (trading at a single digit PE) and they have a very deep media library that they are just now starting to monetize with their subscription streaming service.
Recap
This was a very solid month, and with the recent drop in the stock market I’m getting excited about the possibility of some
The next big goal is $120,000 in passive income, and I expected we’ll hit that in 2023, assuming 10% growth per year. Of course, if we make any additional investments over the next 2 years that will help.
How did everybody else do with their investment income this month?
Are there any investments out there trading at reasonable valuations that I should be looking at?