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Our Passive Income Report - July 2021
26th August 2021 • The Wealth Without Wall Street Podcast • By Russ Morgan & Joey Muré
00:00:00 00:36:24

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#204: It's that time again, Russ and Joey are going to share their passive income report and give us an update on what's been happening with their business ventures. The aim, of course, is to remind everyone that financial freedom is a destination that we can reach way before retirement. An adjustment in last month's report resulted in a higher net profit of $49,385.25 vs. the original $43,526.42. That's almost a $6,000 positive adjustment! And July’s numbers are also something to be proud of. Short-term real estate investments still bring in the highest income at 49.6% of the total. Tune in for the full report, plus insights on what's working well, what can be improved, and how you can accelerate your journey to financial freedom. 

July 2021 Income At-A-Glance:  

Gross Income for July: $126,562.94

Total Expenses for July: $60,796.13

Total Net Profit for July: $65,766.81

Difference b/t July & June: $16,381.56

% of net profit to overall gross revenue: 52% 

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