passive income

How Our 4 Plex Did In 2013

How Our 4 Plex Did In 2013

Now that April 15th is a distant memory, we can take a look at our 4 plex cash flow without cringing about tax. Here is a brief recap. We purchased a 4-plex through a short sale process in October 2011. The previous owner put a stop to all repair and maintenance at one point because the 4 plex was underwater and it wasn’t generating positive cash flow. We made many repairs over the last few years, but there are still quite a few things left to fix. Fast forward to 2014, the local real estate market has recovered nicely and we decided to […]

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How did I do with Peer to Peer lending in 2013?

How did I do with Peer to Peer lending in 2013?

It’s been over six months since I gave an update on our P2P lending investment at Prosper. Last August, I wrote that Peer to Peer lending is a pretty good passive investment. I finally got my automated screening dialed in and I was seeing fewer defaults. Let’s see what happened since. I was waiting for the yearend report so I can show you how we did in 2013. Some changes over the last 6 months Here is the account summary from August 2013 This is the latest account summary from March 2014 It looks like the last six months didn’t […]

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Dividend Growth Portfolio for Passive Income

Building a Dividend Growth Portfolio for Passive Income

One of my financial goals for 2014 is to generate $12,000 (pretax) from passive income. This isn’t going to be easy because last year we made about $10,000 last year from dividend, rentals, peer to peer lending, and interest. The heavy lifting will be done by our dividend portfolio and should account for about 75% of our passive income. Our rentals are doing better, but we need to repaint the rental home this year so that will be a big bill. The P2P lending is doing quite well, but I don’t have a huge amount invested so the income will probably be […]

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A Little Active Income Goes A Long Way In Early Retirement

passive income crossover point

Generating enough passive income to cover the cost of living is the holy grail of early retirement. However, it’s quite difficult to amass that big lump sum to generate enough passive income to live on. People spend more money as they get raises so they need more and more income every year. Early retirement offers a way out of this cycle by forcing us to examine how we make and spend money. While passive income is good, you’ll most likely have to get creative if you want to retire by 40. Most people won’t be able to generate enough passive […]

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