Passive Income Update – October 2021

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In October, I managed to rent out the parking stall for my condo property. Starting November, this will add $100 / month to my passive income. The lease is on a month-to-month basis, however, so the there’s very little clarity around future income.

This also marks the first month I cleared $4000 in passive income. Future growth for the next while will largely come from cryptocurrency as more of my crypto mining projects come online. Dividend income should continue to grow as well, albeit at a slower pace while I work on consolidating my investment loans and solidifying my long term financial position.

I believe it is possible for my highest earnings months to reach around $5000 / month by year end, based on current cryptocurrency prices. This will be a rather major milestone for me.

Income SourceAmount
Dividends$1151.66
Cryptocurrency$358.34
Rental$2550
This month I earned $4060 in passive income

Note: There will be some slight variance due to differing exchange rates from the time different reports are written.