In January of last year I wrote about earning over $1,000 dollars in beer money income. Side income. Money outside of my regular job. Today I have earned almost $19,000 on the side. I have invested that money with the goal of earning $100 dollars a month in passive income. It has taken both a longer time and a shorter time than I originally thought. It feels like a long time looking back, but I expected it to take three years. I can confidently say that I will reach my goal in the next several months.
I also reached a couple very cool thresholds as of today. Due to a special dividend from GAIN, I have earned over $100 dollars from dividends in a month. And with the beer money investments that I made today, I have finally reached a forecasted $1,000 dollars per year in dividends. Passive income. It feels crazy that I need so much capital to reach that goal. And I still have a lot of work to do re-organizing my portfolio based on what I’ve learned. But it’s worth celebrating.
It’s no small feat considering the cost of living. Life is expensive. Inflation made it worse. I’m certainly not optimizing what I’m doing as best as I can, but the way I got here was a way that kept me motivated. I look forward to seeing it all grow!