Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Time for my monthly update on my passive income. I was able to make over $2,000 again so I am pretty happy about that. Goal is to hit $3,000 next month if possible. Now let me break it down for you.
1. Dividend Stocks
I have been slowing buying more growth stocks that pay a small dividend like Apple, Microsoft, Meta, Google, etc. Just to name a few. The goal isn’t to rely on the dividend, but the growth it will bring in 15 years. So this won’t be my main passive income.
Total Dividend Income: $40.16
- GAIN: 14.24
- GLAD: 6.01
- MAIN: 4.03
- O: 1.6
- FTHI: 1.56
- SCHD: 0
- MISC: 0.87
- Share Lending: 11.85
2. Option Trading
I did a ton of put options for the premiums I collect up front to do more put options. This is definitely my main passive income as it is very easy to make money here. I will continue doing this and hopefully I can hit the $3,000 mark next month.
Below is a breakdown of all the premiums I earned for the month:
- Covered Calls: $287
- Cash-Secured Puts: $2,389
- Credit Spreads (None): $0
3. High-Yield Savings
The amount I get from my savings went down because I used it for option trading as I can generate more income. But it comes with risk I am willing to take. I started withdrawing 50-75% of the money I earn from option trading into my savings as I want to have more liquid cash if needed. The rest will be used for investing.
- Total Income from High-Yield Savings: $82.83
4. Atlas Earth
I have over $50 earned that I haven’t converted to Atlas cash as I am waiting until December when they have a bigger conversion bonus. Instead of converting $1 dollar for 33 Atlas cash it will be 40 Atlas cash.
- Total Income from Atlas Earth: $20
5. Amazon KDP
I think I will only sell one book per month going forward as there is a lot of competition on Amazon. I also don’t see myself creating any more books for the time being as I don’t have much free time here.
- Total Income from Amazon KDP: $3.56
Total Passive Income For This Month
- Total Income from All Streams: $2,822.55
Here’s the full breakdown of my passive income for the month:
- Dividend Stocks: $40.16
- Option Trading: $2,676
- High-Yield Savings: $82.83
- Atlas Earth: $20
- Amazon KDP: $3.56
Final Thoughts:
I hope to hit the $3,000 mark next month, but it might not be the case as I have starting transferring 50% of my passive income into my savings as I am trying to save for a bigger home. So this might not happen, but it is always good to set a goal.
