I’m sharing my passive income monthly summary for the first time. I think it’s going to be my favorite monthly post to write. Who doesn’t like getting cash for doing nothing? 3 companies paid me this month for simply having them in my portfolio. This is what I received in the month of August (the amount is after taxes of 30%):
The second month of the quarter is the best month for me in dividend income – 3 of 4 companies in my portfolio pay dividends during this month (February, May, August and November). It’s not a big amount but I am still happy to receive it for doing nothing. It would cover my Internet bill already.
Let’s compare it with the previous year:
The difference is only 3% because I didn’t add any companies to my portfolio during the last year, unfortunately. Still, it shows the power of dividend increases. Even though no companies were added, the sum increased by 3% which is only slightly less than current annual inflation in Lithuania (multi-year high) so I will take that.
Other passive income
I also received 2,27 EUR in interest from P2P lending this month. Current sum of all active loans is 310 EUR at the moment. I am planning to just re-invest returned loans and not add any additional capital to this platform for now as I am planning to keep it up to 10% of my investments.
My current passive income for this year (converted to EUR) stands at 58,77 EUR. Most probably I will not be able to reach the goal of 100 EUR in total at the end of the year. However, I will do my best to come as close to it as possible.
What companies was the biggest payer during August for you? Did you reach any milestones? Do you have any of the above mentioned companies in your portfolio? Please let me know on comments below!