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Financial Freedom Report June 2020

Financial Freedom Report June 2020

July 8, 2020 By Kurt Leave a Comment

Here is June 2020 report on my path to financial freedom.  This is part of an ongoing journal about exactly HOW I am achieving financial freedom in less than 10 years.

Side Hustle Big Events

  • Moved chunk of cash to save for next real estate property into my “Vault” (aka insurance policy)
  • Paid 1st mortgage payment on real estate property #2.
  • Continued side contract consulting work
  • Earned first commissions for new affiliate / side hustle sites.

Real Estate Hustle

Rental Properties (2)

  • Gross Revenue  = $1945 rents
  • Expenses = $137.46 Property Management fees + $1095.30 Mortgage Payments
  • Net Revenue = $712.24

Health Business Side Hustle

  • Gross Revenue = $900.00
  • Expenses = $134.95
  • Net Revenue = $765.05

Miscellaneous Affiliate Income

  • Gross Revenue = $347.00
  • Expenses = $247.56
  • Net Revenue = $99.44

Consulting Business

  • Gross Revenue = $3816.56
  • Expenses = $1328.00
  • Net Revenue = $2488.56

Total Financial Freedom Number for June 2020 = +$4056.29

Extra income moves:

None right now.  Working on consolidating gains in recent months and making them more consistent.

Goal of side hustle = $7300/month passive income (outside of regular income) through our rental properties.  $10,000 in active income from other side hustles.

So we were in the positive

Goals for next month:

  • Status quo on rental properties
  • Attend real estate conference in July (St Louis)
  • Continue consulting side business.  We had a fair amount of one-time extra consulting business last month.
  • Generate 5 extra sales in health business

What do you think?  How about your side hustles and quest for financial freedom?

Related posts:

  1. Financial Freedom Report – March 2020
  2. Financial Freedom Report – April 2020
  3. Financial Freedom Report May 2020
  4. Finance Blogger Income Report – April 2020

Filed Under: Features, Financial Freedom Monthly, Summary

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