Dividend & Interest Earnings-June, 2014

June is my second month of documenting what I earned for dividends and interest. I have managed to double my earnings for the month but my expenses were a little higher due to car repairs. I will continue to try keeping expenses below $1,400 each month unless an emergency comes up. In June my vehicle really needed brake pads and rotors, so I had no choice but to cough up the $280.00 to fix it. I was happy to see that both dividends and Interest went up for the month, giving me a grand total of $34.91.

Stock/Bank Account	Earnings
Target (TGT)	$4.73
Sony(SNE)	$4.45
American Realty Capital Properties (ARCP)	$3.00
Seadrill (SDRL)	$15.00
GE Capital Bank Interest	$7.73
Total Passive Income	$34.91

                          

Not a bad month at all. I am hoping to increase my passive income each month in order to eventually become financially free from the work force. I understand that not every month will be as good as June in terms of earning passive income, because many stocks pay dividends in June. Below is a chart which will show you how much of my expenses were covered from the money I earned.

 

 

 

 

 

 

 

 

 

 

I am hoping July will also be a great month. I am excited to continue my journey to financial freedom, one month at a time. That extra $34.91 I received last month for doing nothing feels pretty good. That’s enough money to fill up my gas tank at my local Stop & Shop. But instead I am reinvesting this money into other companies in order to increase my stream of passive income. One day my passive income will be greater than my expenses and that is when I will be financially free. I would be able to enjoy my time off from the work force. I am hoping this will be before the age of 55 years old. I still have a long way to go but at least I am on the right track. So how was your month in terms of passive income?