Comments on: 2007 Passive Income Summary

By: Update: 2007 Passive Income | The Suns Financial Diary | A Personal Finance Blog on Saving and Investing

Thu, 31 Jan 2008 15:34:55 +0000

[...] I posted our total passive income in 2007 in the middle of the month, one item missing from the calculation was interests earned from our [...]

By: Sun

Sun — Thu, 31 Jan 2008 05:35:15 +0000

Nigel: As you can see, most distributions qualify for the lower, 15% tax rate. My rough calculation shows we will need to pay about $3,500 extra taxes for our passive income.

By: Living Off Dividends

Living Off Dividends — Wed, 30 Jan 2008 10:46:30 +0000

congrats!

I’m making nearly $2k/mo from my passive income streams.

By: Nigel

Nigel — Sun, 27 Jan 2008 01:06:25 +0000

Very interesting summary. Seems like you have earned almost 5% in dividends and capital gains on your taxable accounts in 2007.
Did you estimate how much this will cost you in taxes for the year, even with the lower tax rates for dividends etc? Wouldn’t it be better to hold more of your money in tax-advantaged accounts instead? If you have already maxed out your retirement accounts, then it makes sense, but otherwise it seems to be expensive, since you don’t seem to need the income currently.

By: Patrick

Patrick — Sat, 26 Jan 2008 23:26:32 +0000

Outstanding growth in 2007! I hope you increase it in ‘08!

By: 2007 Passive Income Summary | passive income

2007 Passive Income Summary | passive income — Mon, 21 Jan 2008 15:13:40 +0000

[...] Read the rest of this great post here [...]

By: Weekly Dividend Investing Roundup - January 18, 2008 » The Dividend Guy Blog

Fri, 18 Jan 2008 15:19:12 +0000

[...] love passive income as well and when bloggers write about theirs. Sun provided a summary of his 2007 passive income. Sun also provided a list of 12 money mistakes that [...]

By: Houseworks Planner - Credit Report For Your Kids - A Quick Stroll Through My Blogroll

Wed, 16 Jan 2008 17:16:53 +0000

[...] The Sun’s Financial diary made more than $17K in passive income in 2007! [...]

By: Mad Money

Mad Money — Wed, 16 Jan 2008 04:16:50 +0000

Passive income is the true way to financial freedom as it puts your money on autopilot!

By: Moneymonk

Moneymonk — Tue, 15 Jan 2008 21:09:11 +0000

Way to go Sun! Im sure in 2008 you will have much more