Dividend income report – July 2018

It is time to update my dividend income report for the month of July.

Last month, I received over $800 dividends from 35 different income sources, aka dividend-paying stocks.

A while ago, I was trading my time at my day job and to receive just two paychecks each month.

Now, I am still trading my time for those two paychecks, but getting over 35 additional paychecks each month through my investment assets.

Even though the amounts I receive from my assets are smaller than my day-job salary, but they give a different feeling when I get them in my accounts for doing nothing.

To be honest, I just wanted to stop trading my time for money. So, I started to save a small amount of money every month and invested in dividend growth stocks.

After a while, I am able to see the benefits.

Actually, it is a cash-flow game, and I am enjoying playing it. It takes time to compound and get noticed. So, being patient is the key strategy for this wealth building game.

In order to enjoy the full power, I reinvest most the cash-flow and buy more income producing assets, so I will be getting an even bigger amount in the coming months and years.

Plus, the cash-flow growth will accelerate with dividend growths and new capitals.

Therefore, in next few years, I am almost certain that my dividend income will exceed my expenses. I am waiting for the day to celebrate my achievements.

All I am doing is to build a cash-flow that frees me up to pursue my dreams.

I have been posting all the information on this website because I love to inspire and motivate people to start thinking about their financial future.

• Keep eye on dividends and ignore share prices
• Building Wealth – The Goose that laid the golden eggs
• How I receive low-interest loans?
• I borrow money to invest in stocks (leverage investing)

Let’s get back to the numbers.

I received $802.38 dividend in July 2018, which is 20.70% higher than the dividend I received in July 2017.

Summing up all the dividends I received in 2018, I came up with $5291.59. One of my short-term goals is to receive at least $9000 dividend income during the year of 2018. So far, I achieved 58.80% of the goal.

Dividend income from Canadian stocks

• FC – $7.80
• CGX – $14.50
• XRE – $10.35
• CPD – $4.90
• NWH.UN – $3.33
• NVU.UN – $9.51
• DRG.UN – $3.33
• CAR.UN – $3.32
• REI.UN – $12.00
• ZPR – $2.00
• ZDH – $7.11
• MRG.UN – $5.50
• KPT – $18.00
• BEI.UN – $10.43
• T – $52.50
• BCE – $128.35
• ALA – $27.37
• IPL – $7.00
• NWC – $16.00
• VNR – $36.25
• BNS – $82.00
• CM – $33.25
• TD – $100.50
• TRP – $127.65
• AQN – $41.67

Total dividend I received from Canadian stock holdings: $764.62

Dividend income from Small-cap Growth portfolio

• GBT – $2.10
• CWX – $3.50
• DIV – $1.48

Total dividend I received from small-cap growth stocks holdings: $7.08

Dividend income from U.S stocks

• DIS – $8.40
• CSCO – $4.95
• MCK – $1.70
• DGRO – $9.53
• KO – $3.90
• O – $2.20

Total dividend I received from U.S stock holdings: $30.68

Total: $802.38

Total dividend I received for year 2018: $5291.59

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Estimated passive income

For those new to this site, the Estimated passive income is the income I estimated to receive in a year based on my current investments holding and their distribution rate.

My Estimated passive income is currently at $9410.

One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 37.64% of my goal.

I hope I have been moving in the right direction toward my long-term financial goals and I am very happy with my results so far.

Learn about finance, live within your mean, save and invest in high-quality assets will help you reach your financial goals much earlier than you think.

Thank you so much for your great support, encouragement, and being in my financial journey.

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