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
Target (TGT)
American Realty Capital Properties (ARCP)
Seadrill (SDRL)
GE Capital Bank Interest
Total Passive Income


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?


  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!

    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.

  2. Good start. Keep it up man!

    Good Day and Grind On!

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

  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