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 June, 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 $17,799.38. This is up a solid 15% from last June. This appears to be driven by across the board organic increases in dividend payouts by our holdings.
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 $1,187.91 for the month. This was up 46% from last June. We had a property tax bill due on one of the properties, but all the units are rented and we had minimal repair/maintenance costs.
Total investment income this month
Dividend + rental income = $19,529.07
Our total monthly passive income was up 17% from last June. Our trailing 12-month passive income was $115,073.20, which is almost 96% of the way to our short-term goal of hitting $120k/year. I say short-term because I think the reality is that we’ll need something like $200,000/year in passive income to be able to truly retire.
Changes
I received my large commission check on June 15. After taxes this was about $800k, all of which I plan to invest in stocks over the next few weeks.
Recap
The last month of the quarter is always a good one. The majority of our stocks pay dividends on the last month of the quarter, and our mutual funds do the same.
Total income up 17% is pretty awesome. Obviously we can’t expect that every year, but even a 10% increase would be fantastic.
Right now we are on track to hit roughly $108,000/year. If a few things go well we could hit our short-term goal of $120,000/year in passive income!
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?