So here we are at Part 3 of the series, from the Milestone I. As a short recap for you guys we were trying to reach the 500USD per month in passive incomes and 1500USD from trading. Last year we were at 238 USD per month (which is not that bad) but the biggest part of them is from the studio we are renting.
You can check the previous parts of the series in the following links
Passive Income 2020
For the year 2019, we took into consideration as passive incomes, the rent from the studio and the P2P payments. This year, we can also include the dividends received from stocks.
In 2020 we generated 2740 USD from rent, 120 USD from P2P and close to 46USD from Dividends. The sum is just a bit higher than 2900USD per year, giving us a 242 USD income per month.
As last year, FOREX didn’t even reach the positive side, so 0 for the consecutive year. I will change the color of FOREX from orange to green and I hope it will bring us more luck for 2021. I guess orange indicates a loss in our case.
For 2020 the forecast was to generate a 120-140USD from P2P and we reached that goal (I will consider 130 as 100% completion). For dividends the expected return was 30-40 USD and with a 46 USD income, the goal is 100%. Our final target for the passive investments was 246-250 (we are 242).
For 2021, we have the objectives set (article can be found here). So we expect another 140USD from P2P and maybe around 60-70USD from dividends. I don’t know what other source we can crate to pay us monthly (maybe buy a second studio for renting).
The passive income for month is set to 260USD. It is not much and I feel we are advancing slowly. Maybe at the end of the year we will have some sells of stocks or other assets that we can include in the calculation.
FOREX will not let met down the 3rd year in a row. I target a 1200USD return, which is a 100USD per month, but the year started really great and you will see very soon an article on this topic. Just follow up the FOREX category or widget.
Thank you for reading this and wish me luck for this year! See you guys!