Passive income thread

[TabascoSauce]

There are various threads on building passive income, but most threads didnt really touch on how much passive income they generate, at what stage of life and what are their aims.

Here's mine to start the ball rolling:

2015 (Jul - Dec) - $244
2016 - $1,517
2017 - $2,694
2018 - $5,245

Slightly more than half came from stock dividends while the rest are from high-interest saving acc (e.g. maxigain, dbs ma)

For 2019, I am expecting 7k or more in passive income which should cover part of my necessary spending such as tax, insurance, hp bills and transport.

Please feel free to share your passive income journey. Btw, for those who are earning rental income, please deduct the mortgage, maintenance, misc fees from the computation.

 

[moejoseph]

Follow. Am interested to learn about this area as well.

How much capital are required to hit the figures mentioned?

 

[SBC]

Rental - 25k
Interest - 5k
Stock dividend - 12k

All in about 42k.

 

[limster]

I started tracking my dividends and bond coupon payments in 2016, but excluded CPF interest.

My passive income is from stocks, bonds, ETFs. Passive income from property is not for me because of ABSD and my income tax bracket means I'll pay more tax on rental income

For this year, I'll start noting down the CPF interest collected for 2018 once CPF updates it.

 

[SBC]

I started tracking my dividends and bond coupon payments in 2016, but excluded CPF interest.

My passive income is from stocks, bonds, ETFs. Passive income from property is not for me because of ABSD and my income tax bracket means I'll pay more tax on rental income

For this year, I'll start noting down the CPF interest collected for 2018 once CPF updates it.

What’s the abosolute amount?

 

[Toni90]

Rental - 25k
Interest - 5k
Stock dividend - 12k

All in about 42k.

Rental u need to deduct tax,fee,interest, renovation and furniture cost.

 

[mummy1234]

Rental Sg S$2700/mth
Rental JB S$600/mth
Can stay with parents.

Yearly S$39600

Both properties paid up...hubby wants to decouple and ask me to buy another Sg property.

 

[TabascoSauce]

Follow. Am interested to learn about this area as well.

How much capital are required to hit the figures mentioned?

using back of envelope calculation

the 5.2k in 2018 was generated from about 118k cash earning 2.15% from maxigain and dbs ma

as well as 50k stock earning about 5.3% div yield

 

[mummy1234]

There are various threads on building passive income, but most threads didnt really touch on how much passive income they generate, at what stage of life and what are their aims.

Here's mine to start the ball rolling:

2015 (Jul - Dec) - $244
2016 - $1,517
2017 - $2,694
2018 - $5,220

Slight more than half came from stock dividends while the rest are from high-interest saving acc (e.g. maxigain, dbs ma)

For 2019, I am expecting 7k or more in passive income which should cover part of my necessary spending such as tax, insurance, hp bills and transport.

Please feel free to share your passive income journey. Btw, for those who are earning rental income, please deduct the mortgage, maintenance, misc fees from the computation.

Yr passive income is yearly or mthly?

 

[TabascoSauce]

Yr passive income is yearly or mthly?

yearly. i not so satki earning 5k passive income per month.

 

[SBC]

Rental u need to deduct tax,fee,interest, renovation and furniture cost.

Almost tax-free, as the house in under wife name.
No interest as this is fully paid.
No fee as tenant is found without agent.

 

[SpeedingBullet]

11k for 2018 - stocks/bonds

Excluding my put option selling income as that isnt passive.

Shd be bigger in 2019 as I went shopping the past few weeks.

 

[revhappy]

Too young to track passive income. I only track networth growth

 

[OngHuatHuat]

Hi TS, I suggest you change the mortgage to intetrest expenses on property to better reflect the true expenses.

Should have something to track additional capital gain/loss on property or realized gain/ loss for stocks too, but that is a bit too complicated.

 

[Globe]

on 1 salary and baby coming soon ... but i have somewhat started it 2 years ago with
SSB, dividends and interest ....

I don't think it it $1k per year yet ... hope can make it grow more soon

 

[Dividends Warrior]

My dividend collection record since I started my investing journey 9 years ago.
Aiming for $25k next year.

Received $328 from bonds and interests from savings.
In total, I achieved around $2k per month in 2018.

 

[limster]

Received $328 from bonds and interests from savings.
In total, I achieved around $2k per month in 2018.

are you planning to include your CPF interest for 2018?

 

[NewInvestor]

It is good to focus on passive income when you are young. Am glad that so many of you are doing it.

 

[TabascoSauce]

My dividend collection record since I started my investing journey 9 years ago.
Aiming for $25k next year.

Received $328 from bonds and interests from savings.
In total, I achieved around $2k per month in 2018.

Are u in your 40s now? Or late 30s? Hope I can achieve ur level of passive income when I’m ur age

 

[Calthron]

My dividend collection record since I started my investing journey 9 years ago.
Aiming for $25k next year.

Received $328 from bonds and interests from savings.
In total, I achieved around $2k per month in 2018.

Well done ... hope can achieve this too.