My January investment income rose to $97.23 from $95.71 in November. I didn’t get around to calculating my investment income for December. I’m pretty close to $100 and barring any disasters should make that goal this year. My ultimate goal is $1000 a month. To reach that goal I’m going to have to start investing more rather than just relying on stock increases and reinvested dividends to get my gains.
This is not my actual investment income. To get this figure I first add up my retirement savings, emergency fund, and any other money I consider permanent savings. What the total of my savings would earn at 6% interest for a month is my monthly investment income. My goal is to get this amount to $1000 a month. If I have $1000 in monthly passive investment income I will be able to retire early. You can see what my actual investment income for the month was by looking at my monthly income report and adding the interest and dividend amounts.