The amount of passive income I received this year amounted to:
- Stocks & Investments : 413,907
- Passive Business : 144,000
- Rental : 24,000
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Income for the year after tax: 581,907
Which gives me 48,492.25 per month of passive income.
I forgot to update the dividends received. I got busy with life. I am slowly getting back to my goal of 50k passive income. All is good and right on track. I hope to increase it to the next level of 100k per month.
Business # 1 is going strong. Nothing to be proud of. No growth in earnings. Its just earning the way it used to earn.
Business #2, I realized is a lousy business. I was losing 3,500 per month on that business. And I only managed to make it -1,000 monthly. That's the best I could do I suppose. The economics of the business is really bad. I did all I can. I think its time to give up on that.
More businesses created. The bump in income is because of some passive businesses I created. I think I am getting the hang of it and will pursue this kind of passive income.
The training in real estate investing also is bearing fruit. I bought my first rental property this year. Makes me happy. Already cashflow positive on its first month. I hope to buy my next property next year.
