It’s been a while since my last post, with fewer than promised (in fact none) updates on anything be it passive income, 3d printing, or games. Sadly the reason for my lack of posts is not because I miraculously started making massive piles of passive cash and decided to retire. It is far more mundane – the work life balance tipped in favour of work for the first time in a while and work deadlines beckoned with more urgency than the more interesting things, like the pursuit of the passive, or any other form of hobby or interest. Add to this the lockdown whilst working a day job and educating kids… free time has not just a rarity, more of a myth of distant times long forgotten!

I suppose the lesson to be learned from this is that sometimes other things get in the way of life and if you don’t have a truly passive income these things need tending to. Given that I also have family duties as well as trying to start a passive income stream and a full(ish) time job, something had to give. Family comes first for me (after all the whole point of passive income is to enjoy more time with the people you love, doing things that you love), therefore the easiest thing I could let slide was this website (and to be honest pretty much everything else non-family or work related). I will however squeeze in as much time as possible to this endeavour.

So to update you on my passive income to date. The only income stream I have that is passive is my ISA (although the taking of stock photos has commenced in earnest in the background ready for a mass upload – article coming soon…possibly!). Income from dividends is approximately 1% of my ISA value, which is currently more focused on growth rather than income (15% of my portfolio focused solely on income, with the rest growth, where any dividends are incidental or accrue in the fund). Income Funds are providing approximately 4.6% each in dividends, most of which pay quarterly. I will go into the details of how I have structured my ISA and my reasons behind this in the future.

MMAM