Pages

Search My Frugal Miser

Wednesday, September 4

My Frugal Miser - August 2024 Income

July and August are examples of turning lemons into lemonade, although an accounting "trick" artificially boosts my August Income (one client paid me an advance for two meetings I am working in September, so that month's income will be lower because of it).  

First, rental properties.  I still own two homes in Alabama, but have shifted most of my real estate investing to syndications.  I received rental income from both Alabama properties as well as one distribution from Realty Mogul in my taxable account, two Realty Mogul distributions in my Self-Directed IRA, and a small monthly distribution from Open Door Capital.  

In August I worked three small meeting jobs, so the income reported below is deceptive since it includes payment from a July meeting as well as partial payments of upcoming meetings.  I was able to do several Amazon routes and made a respectable side income from that.  

All in all, I am more than pleased by my income in what is usually one of the slowest months of the year.  

August Income: $17,147

$8,700 Meeting Jobs
$0 Gig Apps (Rideshare, Food Deliveries, etc.)
$1,244 Amazon Deliveries
$4,639 Rental Income (Rental Expenses: $364)
$2,492 Interest Income
$72 Other Sources

Investment Accounts Change in Value:  $3,128

My investments were up in August.  I'm continuing to shift into more conservative, "boring" investments.  The bulk of new funds go to the Vanguard Total World Stock Index Admiral fund.  I own a substantial amount of bank CDs in my brokerage accounts as well.  Lastly, I have a few short positions, mostly in the form of put options.  If the zombie stocks I bet against ever decline (really, they are worth nearly zero, but apparently other investors disagree with me!), I should see some nice gains on those options.

No comments:

Post a Comment