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 October, 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 – $6,716.84
Total dividend income was up 115% from last October. This is mostly due to our investment in Paramount, which added almost half of our total monthly income.
Rental income – $1,974.45
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.
We had some minor repairs and other non-regular costs, but overall the properties performed pretty well this month. Our income in October of 2021 was negative (due to a lot of repair expenses), so this was a huge increase.
Total investment income this month
Dividend + rental income = $8,691.29
Our total monthly passive income was negative in October ’21, so I can’t calculate a percentage increase, but in terms of actual dollars we were up $10,551.40. That’s huge.
Our trailing 12-month passive income is now over $137k, which is pretty awesome. We’ve smashed through our short-term goal of $120k, and our new goal is $200k. I expect that with $200k in passive income plus some additional part-time earned income we’ll be able to live the life we want to.
Changes
No new purchases this month
Recap
This was a great month. All investments cashed flowed well and our total passive income is up 50% (!!!) from this time last year!
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?