Sunday, June 29, 2014

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?

5 comments:

  1. I have a long way to go as well but I share your enthusiasm. I love the idea that we can look forward to our dividends growing over time and $35 is just the start of something bigger!

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    1. CD, I can't wait to see what my dividends will be next June. I am hoping to double the dividends I earn for next year. I might make that a future goal of mine. I look forward to seeing how you did this month. Thanks for stopping by and I look forward to joining you on the path to financial independence.

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  2. Good start. Keep it up man!

    Good Day and Grind On!

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    Replies
    1. Thanks AG! I can`t wait till the red bar (earnings), catches up to the blue bar (expenses).

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  3. Keep in up Mongrel. Continue reinvesting those dividends and also keep adding those dividend paying stocks. Before you know it, these dividends will be 2-3 times as much.

    Wishing you continued success in your journey! AFFJ

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