How Much I Earn & Spend In a Month
Вставка
- Опубліковано 8 кві 2024
- Here is a quick video on what my expenses and income are in a typical month. I've averaged most of them out based on the last three months of expenses.
Since I stopped during the budget videos, both my income and expenses have increased, so while I still end up with the same surplus each month, it's because my lifestyle has also increased with my income. Good ol' lifestyle creep huh! ;)
Anyway, I hope you enjoy seeing what I spend my month on, and what income I get on average these days.
Happy investing!
Tracey
-----------------------------------
INSTAGRAM:
@traceyedwards.insta
------------------------------------------------------
MY SECOND CHANNEL (Lifestyle)
/ thetraceyedition
--------------------------------------------------------------------------
DISCLAIMER:
Investing carries risk.
The content in these videos is my opinion and is not intended to be substituted for your financial situation.
Please do your own due diligence and seek professional advice where necessary. - Навчання та стиль
7.5k in passive income is absolutely massive. Congratulations on earning more than the average Aussie earns while you sleep
yes that is massive....how big of the pool does that work across the lake? Im no planner but $7500 per month needs a dinosaur egg
Welcome to the Soft Life. Many people don’t understand that when we eat toast for years and can now have Champaign on Tuesday, it’s not bloody luck. It’s years of hard work and saving and investing. Welcome to the Soft Life. I am on $12k per month and just bought my dream car. G6.5 AMG cash. It took 5 years of saving, but the view is so much sweeter from here.
yes, life is so sweet these days :)
I'm definitely glad to see the budget videos again! I remember the (not so distant past) days when your budget videos were showing a monthly income of 3-4k. This is a huge change but hooray for enjoying the fruits of your labour. Good to see you're enjoying life a lot more now :)
Blows our $2000 a month total budget for a family of 4 out of the water. Time to carry on investing! :)
I was wondering myself when we would see another budget video. Wow you really have changed a lot and it's great to see 😊
Thank you for sharing and being transparent very few people share such details.
1. Do you plan to rent for the rest of your life. Or you plan to eventually buy a place. Because the logic for this if you own the home outright you expenses would be significantly lower
2. I noticed you missed private health insurance from the expense
3. When you eventually retire do you plan on following the 4% withdrawal rate rule?
That rent is insane. Lucky those extras are included!
Well done!
Thankyou so much for sharing Tracy 😊
Thanks for sharing, I'm always motivated after watching you videos!
Love the editing! Keep 'em coming. 😊
Aww love this video! You are glowing 🥰 so nice to see you enjoying yourself!
Thanks! Life is good here ❤️🥰 so happy to see your family growing too!
Wow that’s a big jump in rent, it looks lovely, especially that quick glimpse we got of the pool! Are you able to do a video soon on what stocks/etfs you’ve consolidated everything into?
I was thinking of doing a video on that soon 😊
Tracy I would like to know in order to derive & 7500 dividend income per what is the approximate amount of share portfolio you should hold?
Great Video again thank you so much Tracey
Fantastic video!! Really enjoyed it. 7.5K/month in passive income is a massive achievement and i am sure lots of hard work. You serve as such an inspiration and role model.
Oh my god, your rent is insane now! But you still have quite good investment returns. Can’t wait to see your next video!😊😊😊
Thanks for the honesty, appreciate that. Im 34 and only just started investing about 4k a month. Im just worried ill never get to your level :(
Amazing work, kudos to you! I wish I could be in the same boat, but being 35 and having a young family basically makes that impossible in this climate. I'm always too late to the party, back to working like a dog every day until I drop dead, yay for me! You young people, GET STARTED AS EARLY AS YOU CAN!
Please post more videos!
This is great! $7500/ month from dividend
= $90k / annually
Lets say In average 5% dividend
That’s like 2mil capital. 😊
It’s amazing Tracey.
That is crazy and very motivational..congratulations…
Can I ask would you still invest with these crazy high valuations or wait for a drop?
Fun video, and I enjoyed it, but I'm still waiting on that sims video hehe.
😂
Well done on acheiving such a large amount of dividend income!
I wonder which stocks are the big payers...
Thanks! I'll make videos in the future on good paying dividend stocks.
Feel ya on the food bill
Thanks for sharing Tracey, really inspiring! I’m interested to know what your new book will be focused on?
what would you like to see?
Have you considered making a video of the growth of your dividends since you started dividend investing
Did you have growth portfolio or exclusive dividend portfolio....
Wow. I wish I can have so much dividend income.
Great sharing Tracey. Thank you. Just wondering if your monthly dividend amount is pre/post tax. cheers.
pre tax
Congratulations on living a carefree life based on good financial decisions!
Good job. Curious what your day to day life is like given most of your income is passive? Is it spent planning videos/books? Although your videos aren’t super frequent so can’t imagine it’d take all day everyday? Or something else? Or you have a fair bit of down time? Thanks for the transparency :)
I have other projects apart from this youtube channel, but I do take things pretty easy. I try and 'work' 2-3 hours a day. Other than that it's home stuff, reading, socialising or playing The Sims ;)
@@TraceyEdwardsLiving the dream! You so deserve it 😊
Thanks for sharing. Can you reveal how much you have in investments that generate your dividend income?
@tamarawest6203 it's probably slightly more complicated than you're thinking. You see, dividend yields are typically around 5% in Australia - so if starting afresh, you would need something like $1.8 million to generate that. But (and it's a big but), because her dividends have grown year on year over a long period of time, she would have invested a fair bit less than that. So it's not as daunting as it first appears, but it does require time for compound interest to do its magic. The important thing is to be consistent.
Yes this !
Congratulations on the $7.5k per month divy income.
I’m curious to know if the franking credits are on top of the monthly passive income ? Or you have included the franking credits in your monthly figures ?
If you’re getting $7.5k + franking credits, well.. that’s just outstanding work you’ve done. ❤
Thank you. I haven’t included the credits in this. 🥳
Sounds great, but do you put money aside for tax ?
I have general savings, but not specifically for tax. Since most of the dividends I get are franked (company tax already paid), my tax bill isn't usually too high.
when you get dividends paid out - do they reinvest it and you take out some each month or do they pay the dividends to your bank account?? how much is in your portfolio now? thats amazing! im 26 but hope to be like you!
They pay to my bank account. You can choose to reinvest as well, but I don't because I like the cash flow.
Great video. Have you sold some companies from your portfolio
yes. Only a few. I don't like selling, but moving that money to better paying companies was worth it. Hopefully it stays like this!
Glad I'm not renting! What I'm paying on my mortgage is almost half of what you are. But my Utilities, Insurance, Rego, Transport are far, far higher. When it comes to making budget topics entertaining, FamilyFinance used to be brilliant (although she seems to have stopped posting).
I have purchased one of your books, really enjoyed it, is your website finance related? If so would you mind sharing it? That is one mightily fine passive income, I am almost up to $2k/month passive income. Have you ever done a video on super?
Congrats on 2k that’s awesome! I haven’t done one on super yet 🤔
Should I put 300k into dividend shares and rent or go borrow more money and buy a property to live. My borrowing power is limited thats all and I am on my own.
Thats up to you. I always prefer cash flow, but that's me. Some prefer the security of buying a property. There are no wrong answers. :)
Since you don’t have a property, is there anything done to hedge the rise of rent ?
Her dividend have also grown as well if you seem her past budget videos.
7.5k dividend income that’s amazing
I was surprised you are renting. Would love to hear your take on why you didn't buy a house? Or rather why you choose to rent out your investment property rather than live in it if you had one cheers.
I've owned two properties over my life time (don't anymore). It's a valid option, but I prefer the cash flow of keeping my money in stocks. Cash flow over net worth :)
Your dividend income is so impressive. I am going through other videos to find out how many dividend shares/ETFs you own. Is it somewhere near the 2 million mark?
it's not that high. A lot of the companies I've held for a long time so the dividends have grown. So the yield I'm getting is much higher (based on what I originally paid) than the current yield if you were to buy today. It's a long game :)
@@TraceyEdwards that's even more impressive because individual stock picking is a difficult task. I am sticking mainly with A200 for 3-4% dividends but considering to open few positions in long term dividend ASX stocks.
That’s pretty tight. I had to pay $5k in car repairs out of nowhere. Blow up my savings.
Hey how much money do you have invested to get abt $7k in dividend income?
It would depend on the dividend returns. Assuming an average 5% return (before tax) and the portfolio was entirely made up of dividend stocks, it would be around $1.8 million. Just a rough guess, but an excellent achievement regardless!
I have nown reached 250 $/Month as passive from dividends (3K/yr)
You forget tax ?
how much to invest to get 7.5k /month as dividends...
Well $7.5K/month is $90K per year. So assuming 6% dividend yield for the year, you would need $1.5 million invested in a high yield portfolio. Of course, dividend yields can vary each year, so nothing is guaranteed.
Don't you have to pay tax on your income?
yes. A lot of the companies in my portfolio have franking though, so that reduces what I need to pay by a lot.
Tax is still an expense each month isn't it though when looking at expenses vs income. It's really post tax income that matters when trying to pay the bills.@@TraceyEdwards
How many people are you feeding for that amount?
3. And a cat.
Yup single person living in Sydney and the average food budget is similar being around $1600 a month. Its electricity that was murder though. Had an existing 3.5kw solar install and was still paying $1400 a quarter, but installed a home battery and now pay less than $140 a quarter.
Appreciate the budget insight, but I see no differentiation between your groceries and entertainment so its more like you're on about 2000sh a month for food. Nothing wrong with that seeing as its expensive here in AU.
someone is using one of your videos on Facebook to scam people. I can't find the link right now but when I do I'll post it here
I've been told this a few times, I'm trying to get them taken down. Stay safe!
I assume you get franking credits on top of your 7500 dividend income?
yes, most of my holdings are fully franked with the exception of some of the etfs which are partially franked.
@@TraceyEdwards Well done !
wtf 7.5k in dividends a month!! jesus
Rent kills wealth, unfortunately. It's a totally dead investment. Before I retired at 53, I made a plan to retire on no debt. You're definitely a graphter, but try to save and buy a place if possible.
I think not buying a home is one of the ways Tracey has been able to grow her investment income so high.
@SureGranDe with a 2k a mth rent indefinitely, and that's minimum. I'd prefer to have brought earlier as that outgoing isn't going anywhere.
When you get to a certain amount of wealth rent becomes less of an issue. You can pick and choose where you live. It's just a service that you're paying for.
@20thCB Agreed, but it's still a service id rather than not pay for, particularly when it's around 30% of your income, and that's indefinitely.
@@dubsdolby9437rent can only goes so much however Tracy have owned property before and felt extremely stressed with all the mortgage repayments and maintenance that she need to pay. Watch her previous video on rent vs buy then you will understand.
Have you considered to live in a cheaper place?
There are plenty of safe and cheap places to live.
I liked the video.
I've lived in cheaper places. I like this place for now.
There's a separate budget for savings? Thanks.
Up to you sweetheart depends what you earn or how rich your boyfriend is 😉😉😉😉