My October investment income rose to $96.04 from $93.78. This was pretty nice since I didn’t add any money to my investment. It doesn’t look like I’ll be able to add any money to my investments until at least next year so any increase will have to be from market gains. I did take some of my accumulated dividends out and invest them in my Roth IRA. I’m hoping I’ll be able to fully fund my Roth IRA by tax time next year. Doing so should result in a nice tax credit.
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.