Please forward this error screen to sharedip-10718033236. 2017 was a great passive investment income penalty tax for investors and our passive income was great too. This was the first year that our passive income covered our annual expense.
Last year, I updated this page every month and reposted it. That worked very well because it was easier to update the spreadsheet monthly. Previously, I went over my passive income once per quarter and it was a lot of work in one sitting. The 2020 Passive Income Challenge One of our long term goals is to generate enough passive income to cover our expenses. RB40 will have the option join me in early retirement. In theory, she could retire right now, but she is not quite ready to pull the plug yet.
I blog part time and generate some online income. We have passive income from the stock market, rental properties, and other investments. RB40 stops working now, we’d probably stop saving and may need to withdraw a little money from our nest egg every year. Disclosure: We may receive a referral fee if you sign up with a service through a link on this page. The FI ratio is a simple way to track our progress toward total financial independence.
RB40 enough financial security to stop working full-time. FI ratio is overkill, but I suppose it’s better to err on the side of caution. Normally, financial independence means having about 25-30x your annual expenses, which we already achieved in 2012. I’m not going to worry too much about tax at this time. At this level of income, tax should be minimal. It was our best year so far, but that’s not quite enough to cover our expenses. Actually, that’s exactly where I hoped to be, so I’m satisfied with our progress.
Let’s go over our investments one at a time and see where we stand. 4,000 increase, so it won’t be easy. Our expense was relatively low so that makes our FI ratio look awesome. First up is our dividend growth income portfolio. Dividend income is my favorite form of passive income. Investors own a small part of these public companies and they work for you.