I had a very active trading month. My new investments started to pay dividends as well. I reached my old goal of $1000. Since I sold my rental house I am setting a new goal of passive income $2000 per month.
My total passive earnings for August was $1174.48, which includes $610.14 from dividends and 314.34 from interest, $200 one time bonus from etrade and $50 from discover.
Here my dividends by stocks
+ $314.34 interest - I plan to reinvest some of money which earning this interest right now into more dividends stocks
+ $200 - one time bonus from etrade
+$50 - one time reward from Discover (refer a friend)
Total of $1,174.48!!!
I am really happy about achieving my $1K goal. Technically most of the increase is due to investing money from the sale of rental house, so this is why I am moving to $2K goal. When I reach $2k goal, it means I have my old rental income plus dividends without actually my money being tied up in rental property and all headache of owning it.
Here is my progress since 2014
How was your month?
Thanks for reading and please share your thoughts and progress.