The Year End Report Passive Income

The amount of passive income I received this year amounted to:

- Stocks & Investments : 413,907
- Passive Business : 144,000
- Rental : 24,000
----------------------------------------
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.