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 July, 2022. This report includes income from dividends, interest, mutual funds, and rental properties.
Overview
Here’s what our investment income looked like for the month:
Dividend & Interest Income
Total dividend income for the month was $7,293.89. This is up 141% from last July, although there should really be an asterisk by that. The S&P 500 index fund usually pays its dividend on the last month of the quarter (it paid $4,024.18 in June), but this year it also made an additional smaller payout in July. I don’t know why this happened, and I’ve never seen it pay a dividend in consecutive months, but I’ll happily take the money.
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 $178.89 for the month. This number should also have an asterisk by it, as the properties actually generated over $2,000 more than this, but because 2 tenants were late with their payments the rental checks arrived after the property manager sent me my monthly check. I’ll get the extra $2K in August, so that should be a solid month.
We also had $862.50 in repairs on one of the properties – that also hurt our results here.
Total investment income this month
Dividend + rental income = $7,472.78
Our total monthly passive income was up 39% from last July. Our trailing 12-month passive income was $117,116, which is almost 98% of the way to our short-term goal of hitting $120k in passive income for the year. I say short-term because I think the reality is that we’ll need something like $250,000/year in passive income to be able to truly retire.
Changes
I’ve invested some of the money from my large commission check we are still sitting on a lot of cash. Hopefully I’ll get around to investing it in the next few weeks.
Recap
This was a good month for our income, and we are oh-so-close to hitting $120k in income for the trailing 12 months. I think it’s a given we’ll hit that number over the next quarter as I put more of our cash to work.
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?