tag:blogger.com,1999:blog-6587699706949333863.post8933452775519611426..comments2024-03-27T23:39:33.499-05:00Comments on Passive Income Pursuit: Income Update - July 2014Passive Income Pursuithttp://www.blogger.com/profile/13947101854482544346noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-6587699706949333863.post-72455775556920363972014-08-08T13:06:01.828-05:002014-08-08T13:06:01.828-05:00DGI,
I see my high income as a tool. I can use ...DGI, <br /><br />I see my high income as a tool. I can use that tool to either buy all sorts of fancy things that I don't really want or I can use it to eventually buy my freedom. I think the choice is pretty easy.<br /><br />It doesn't take much to throw a budget out of whack. I have no problem with people buying Starbucks daily, as an owner I encourage it!!!, but the spending needs to be done consciously. Mental accounting has brought down plenty of household budgets.<br /><br />Thanks for stopping by!Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-61011322699027928852014-08-08T13:02:24.876-05:002014-08-08T13:02:24.876-05:00MDP,
The 70% savings rate is nice because it rea...MDP, <br /><br />The 70% savings rate is nice because it really helps to juice the investment capital. Eventually I want to grow my own vegetables but for now we just don't have the space to commit to it. I'm trying to figure out what to do next year to hopefully give us a better chance at getting some decent yields from the plants. Keep in mind that the grocery bill is essentially for one person for 75% of each month. To me it seems high but I think that's because I know we did a lot better before when I was home all the time. Combined we probably average about $300 per month. <br /><br />Thanks for stopping by!Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-4015607337366099002014-08-08T12:54:19.129-05:002014-08-08T12:54:19.129-05:00Greg,
One thing to remember is that our life cir...Greg, <br /><br />One thing to remember is that our life circumstances are most likely different. We currently don't have any children and they are expensive as I'm sure you know. <br /><br />I'm sure you're liking that rental property. The cash flow is usually much better with rentals thanks to the leverage. I keep wanting to go that route but it's quite difficult trying to coordinate all of this without being present for a lot of things. Especially since it'd be our first rental property.<br /><br />I think we all need to work on cutting our expenses a bit. There's still probably $100-200 of excess in my spending that I would love to convert into further investment capital.<br /><br />Thanks for stopping by!Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-30840219562946355752014-08-08T12:51:06.869-05:002014-08-08T12:51:06.869-05:00Tawcan,
I just hope to keep this up for another ...Tawcan, <br /><br />I just hope to keep this up for another 1-2 years and then I'll probably be considering a career change. I should be able to get pretty close to $10k in dividends by then which would be a great base. <br /><br />Thanks for stopping by!Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-25777390888855498372014-08-08T12:46:33.739-05:002014-08-08T12:46:33.739-05:00DM,
The 70% savings rate was great and you won&#...DM, <br /><br />The 70% savings rate was great and you won't hear me complain about my income. Hopefully in another month or two I can go and take a test and get a raise that should get me another $1-2k before taxes each month.<br /><br />Consistency is definitely the name of the game.<br /><br />Thanks for stopping by!Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-30232165390632098522014-08-08T12:44:40.566-05:002014-08-08T12:44:40.566-05:00A-G,
The income sure is nice but it unfortunatel...A-G, <br /><br />The income sure is nice but it unfortunately comes with the caveat that I work away from home a lot. But I can deal with it for a few years if it means that I can drastically speed up the FI process. <br /><br />Right now I'm not going because the closest one is about 45 min from where I'm working. Normally I'm about 15 min away and I end up going 3-4 times per week. 2 at a minimum. So it works out pretty good to have the membership as opposed to the drop in fee.<br /><br />Thanks for stopping by!Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-28361080258265475232014-08-07T12:02:31.700-05:002014-08-07T12:02:31.700-05:00Wow. You put me to shame. I have about the same i...Wow. You put me to shame. I have about the same income, but not nearly a 70% savings rate. My dividend portfolio is much smaller, but I do have a rental property that is netting a nice monthly income.<br /><br />Thanks for the inspiration. My wife and I need to start working on paring down our expenses and putting more toward retirement.Anonymoushttps://www.blogger.com/profile/12117721417267876040noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-42915826103279141722014-08-07T09:26:41.140-05:002014-08-07T09:26:41.140-05:00PIP,
Super solid month on all fronts. You are in ...PIP,<br /><br />Super solid month on all fronts. You are in rarefied air with that 70% savings rate and your grocery bill is amazing. Do you grow your own vegetables?<br /><br />MDPMy Dividend Pipelinehttps://www.blogger.com/profile/00105884431032493602noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-73972198953839496112014-08-06T21:12:27.990-05:002014-08-06T21:12:27.990-05:00You are really on your way to financial freedom wi...You are really on your way to financial freedom with your high income, high savings rate and fast deployment of your money into income producing assets. <br /><br />I have seen very few people with high incomes like you, who are also aware that a small leak can sink a boat. That daily Starbucks coffee can really add up to thousands of dollars per years. <br /><br />Good luck in your income investing journey!<br /><br />Best Regards,<br /><br />Dividend Growth InvestorDividend Growth Investorhttp://www.dividendgrowthinvestor.com/noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-3233980851165822272014-08-06T17:58:12.359-05:002014-08-06T17:58:12.359-05:00Looking good. 70% saving rate is pretty damn impre...Looking good. 70% saving rate is pretty damn impressive! Tawcanhttps://www.blogger.com/profile/17163696730038583040noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-89074566717208560292014-08-06T16:33:09.637-05:002014-08-06T16:33:09.637-05:00JC,
Another awesome month. A savings rate of 70% ...JC,<br /><br />Another awesome month. A savings rate of 70% is just fantastic. That income is mighty impressive!!<br /><br />Just another great month for you, and that's really what it's all about: consistency. <br /><br />Best wishes!Dividend Mantrahttp://www.dividendmantra.comnoreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-35190573883358410072014-08-06T08:43:42.937-05:002014-08-06T08:43:42.937-05:00That is some good income coming in. looking over e...That is some good income coming in. looking over expense look pretty good. How many times a week u go to the gym? I cut the gym out of y expenses but I buy drop in packs which save me quite a bit of money since i only go like once a week.Asset-Grinderhttps://www.blogger.com/profile/10563675122942032357noreply@blogger.com