Thursday, February 07, 2008

Passive Income 2008

So many financial changes in 2007. I felt it was only appropriate to change the chart as well.

Of course, now the numbers kind of turn my stomach. A whole lot of cash passes through our house. Some day, it will be freedom. At least that is the goal.

Changes:

  • Contract Sales - only includes interest earnings. Didn't seem quite right including principal, since it was owned prior and still.
  • Rents -only for personal held commerical property
  • 1x's - include any money we didn't have to work for that came to us. Could be gifts, refunds or what ever.
  • Other - Credit Card Cash Rebates
  • 2008 Income grows each month adding into the year to date totals
  • Months By - is how far into the year to divide the income to come up with:
  • Passive Income - Monthly
  • Monthly Goal in Green - is the goal to reach. It would cover all regular expenses (not new furnace) for all properties and our home.
  • Shortfall in red is based on earnings for year to date divided by 12 months. (Currently, if we earned no more dollars - we would only have $835 in Passive Income a month)


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