Friday, August 1, 2014

Dividend & Interest Earnings-July, 2014

My favorite part of the month is when I am able to add all my passive income from a variety of sources. I have been really busy this month trying to figure out where I can make a few extra bucks. I could always work a few extra hours at work, but I am already pushing 60 hours a week between both jobs. Any more than that would drive me a little crazy. Being able to put some of my hard earned money to work has helped me stay the course. July was a decent month for passive income because I was able to receive 1.5% cash back on all my stock purchases for the month.  I am going to include that extra cash as passive income because I did not have to work for it. I used it to purchase more stocks but I could have easily received the amount in a check if I choose to go that route. Let’s take a look at the passive income for July:

Stock/Bank Account
Mondelez (MDLZ)
General Electric (GE)
American Realty Capital Properties (ARCP)
1.5% Cash back Credit Card
Savings Account Interest
CD (1.15% APY)
Total Passive Income

This month actually turned out better than I expected. I also have a few tricks up my sleeve for next month because I plan on receiving other passive income in addition to stock dividends; cash back rewards, and Savings Account interest. I will save my ideas of earning more passive income for a future post. I currently hold 23 positions in the stock market and only 3 of them paid out this month. I am hoping to have a better pay out from dividends in August. Now let’s take a look at how much of my expenses were covered by passive income.

The passive income for July covered 2.7% of my expenses, which means I still have a long way to go. I have increased this number three months in a row so I must be on the right track. I am going to keep going and see where August will take me. Maybe my passive income can cover 3% of my expenses in August. We will have to wait and see. How was your month in terms of passive income?

Update: I have also updated both my Mongrel Portfolio and Loyal3 Portfolio with Google Docs. This makes my life so much easier when making updates. Please check out my Portfolio and Loyal3 pages for the new updates.


  1. Expenses were pretty low but passive income was also quite low. Hopefully the gap decreases for you soon enough with more investments. Best of luck!

  2. Hey A-G,
    My expenses are usually around $1,300, which isn't bad at all. I can do a little once I pay off my student loan. I am hoping to continue increasing my passive income each month. Hopefully I can get passive income to cover 3% of my expenses. Thanks for stopping by.

  3. I like looking at the expenses vs passive income charts. I should start doing that too - just to see how things are progressing on my financial independence journey.

    Congrats on the passive income. Keep it up

  4. Hey R2R,
    I am hoping that the green bar on the chart will be higher than the red bar (expenses) in a couple of decades. Once that happens I will be celebrating my freedom from the work force. I might continue to work part time but that will be my choice. Thanks for the support!

  5. Great job increasing your dividends. Especially since July is a lower payout month. I'm jealous of your expenses being so low. 3% expense coverage is still better than nothing and you're just starting out so that will be able to climb pretty quickly. Happy investing!

  6. PIP,
    I still need to get expenses a little lower after I pay off my student loan. I will be happy with expenses being $1200/month. I started investing in January and it's been a decent year so far. I am hoping that I can get 5% of my expenses paid with passive income by the end of the year. Best regards!

  7. Take a breath... 60 hours from your jobs is a lot. Sometimes it's better to slow down a bit and earn a little less too. Burn out would be a terrible thing. In any case, thanks for sharing your recent dividend income update with us. With each month your growing passive income will allow you to work that much less at your job. Keep up the good work.

  8. Hey DivHut,
    Thanks for the ongoing support. I feel a little burnt out with working 60 hours a week and recently put in for vacation time in September. Atlantic city, here I come! Your absolutely right though. I was actually thinking of doing a monthly job search post where I would track how long it would take to find a better paying job. This would allow me to quit both my jobs and work a 40 hour position. The hardest part is finding a job that will match my current benefits package which includes, health ins. dental, 401k with matching contributions, 80 hours vacation and 40 hours sicks time annually, FSA, etc. I will remain optimistic though.

  9. Wow 60 hours of work is a lot. I know how that feels. Take some time and relax on the weekend.

    Your expenses are quite low so if you continue keeping them low it should be easy to grow your dividend income to cover the expenses one day.

  10. Tawcan,
    I wish I had the weekends off, but unfortunately I work nights. I am hoping to cut expenses even lower this year by paying off my student loan. This will bring it down to approximately $1200/month. I am planning to list expenses to the blog in the future. Thanks for stopping by!

  11. You are right on track with where I was before I sold some stocks for my 20% down payment! Keep it up! Pretty soon you'll be snowballing like it's Minne-snow-ta.

    1. Hey WE,
      I am really happy with the progress so far because I have only been at it since January. It was a very slow start for me, but now I feel like the dividends are picking up a bit. There are a few buying opportunities I would like to jump on this week, but I need to free up some capital. Thanks for stopping by! Good luck with your investments!