I am still way behind with reporting my monthly passive income summaries but I will try to catch up. We hardly had any weekends spent at home this summer, so I guess it’s not a bad thing, but my blog activity is suffering 🙂 Anyway, let’s see how much passive income has been earned during the last month of Spring.
Dividend Income
I had 3 companies paying dividend to me during May:
![](https://brokeinvestor.net/wp-content/uploads/2024/07/Screen-Shot-2024-07-22-at-7.47.33-AM.png)
I had one annual payer this month, so the dividend amount is bigger than usual. We also received the first dividend payment from the latest edition to our portfolio – Starbucks (SBUX).
As always, let’s see what amount of our monthly expenses in related categories these dividends could cover at the moment:
- $6.12 from Bristol-Myers Squibb (BMY) would cover 4.7% of our expenses in Health category for the last 3 months;
- €13.00 from Telia Lietuva (TEL1L) could pay for 3.8% of our annual TV+Internet expenses;
- $4.84 from Starbucks (SBUX) would cover 0.5% of our expenses on Eating Out for the last 3 months.
P2P Lending Income
P2P Lending also added some passive income:
![](https://brokeinvestor.net/wp-content/uploads/2024/07/Screen-Shot-2024-07-23-at-7.52.40-AM-1024x97.png)
Nothing changed in this front, so €5.77 received is very similar to previous months.
Other Passive Income
Finally, I received some additional income from two more categories:
- €6.18 interest from Eleving Group fractional bond;
- €3.89 interest from Money Market Funds.
Passive Income Summary
After summing it all up, we received €38.90 from passive income during May:
![](https://brokeinvestor.net/wp-content/uploads/2024/07/Screen-Shot-2024-07-23-at-7.58.39-AM-1024x164.png)
![](https://brokeinvestor.net/wp-content/uploads/2024/07/Screen-Shot-2024-07-23-at-8.06.33-AM-1024x611.png)
Finally, here’s a comparison to previous year:
![](https://brokeinvestor.net/wp-content/uploads/2024/07/Screen-Shot-2024-07-23-at-8.07.52-AM-1024x640.png)
I love to see that passive income this May is almost 4 times bigger compared to May of 2023.
Investments and Portfolio Contributions
Unfortunately, not much happened with additional investments in my portfolio. During May, I added only €200 to my investments accounts and haven’t initiated any new purchases.
Summary
During the month of May we received €38.90 in passive income which is one of the best months of the year. With current portfolio trajectory, I don’t think we will have such big months again this year.
Looking at my goals for the year, we received €143.34 from passive income so far in 2024. This is 39% of my goal to receive €365 in total for 2024. Somehow, it is hard to contribute bigger amounts to our investments this year. However, I add at least some small amount every month and every little bit counts, so even if we don’t achieve the goal, we will still be in a better situation than yesterday.
Thanks for reading!