Last month, I received over $1000 pure passive income from 24 different income-producing assets – aka dividend-paying stocks.
If you look at my dividend-reporting page, you could see my dividend income is steadily growing quarter after quarter and year over year.
This income stream is more predictable and secure than my day job salary.
Besides, it is growing exponentially. For instance, my last month’s dividend income is almost double the last four years – up from $568 in October 2015 to $1079 in October 2019.
I suspect it does not grow this faster in the coming years as my investments get bigger and bigger; however, I am almost certain that my dividend income will be much higher in the next few years.
Because my portfolio is mainly built with stocks that raise dividend at least once a year.
Therefore, even if I stop adding new money or stop reinvesting my dividend, my income will steadily grow (unless I sell asserts for some reasons).
But, I have been adding new money and keep reinvesting my dividends to buy more income-producing assets. Therefore, this income stream is compounding faster and generates more cash than the previous quarter.
For instance, the stock markets were down last December, and now they have been trading an all-time high as of this writing. In these both cases, my dividend income did not get affected.
As long-term readers know that I am a middle-class income earner and single income family with a four years old kid. For me, it is a big achievement with this income level.
If I can do this, then you can do that too. It doesn’t mean you follow my dividend income approaches.
Investing is my passion and I love to talk about it in this blog. It makes me happy when I share my achievements, successes, and failures as well.
So, someone can learn and avoid costly mistakes in their life.
Every one of you has a passion. Follow it, and at the same time, generate some income to secure your finance.
Find your passion, build wealth and enjoy your life in your terms.
I have been posting all my financial information, my successes and failures on this website so someone can learn from my experience and improve their financial situations.
Also, I love to inspire and motivate people to start thinking about their financial future.
Disclaimer..
Please note the information posted on this website is the opinion of my own and should not be considered as professional financial advice. I am not a financial professional, and I can buy, sell, or hold any investment at any time.
Any transactions I publish on this website are not recommendations to buy or sell any securities or investments.
Please do your own research or consult with a qualified financial professional before even considering using the information obtained from this website.
Now let's back to fun part of numbers.
I received $1076.52 dividend income in October 2019, and it is 25.75% higher than October 2018 which was $856.09.
Dividend income from Canadian stocks
- CGX - $15.00
- XRE - $9.30
- PLZ.UN - $4.69
- NWH.UN - $3.33
- NVU.UN - $9.51
- FC - $9.36
- CAR.UN - $3.45
- REI.UN - $12.00
- KPT - $18.00
- BEI.UN - $8.34
- T - $84.38
- ALA - $12.00
- BCE - $158.51
- IPL - $7.12
- KEY - $32.00
- NWC - $19.80
- CM - $57.63
- BNS - $180.00
- AQN - $65.15
- TD - $155.40
- TRP - $150.00
Dividend income from U.S stocks
- NOBL - $34.91
- ZUD - $0.79
Dividend income from my International dividend portfolio
- ZDH - $25.85 Total dividend I received from my International investment holdings: $25.85
Total: $1076.52
Total dividend I received for year 2019: $9029.95
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 $11 519.
One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 46.08% of my goal.
I am very happy with my results and achievements so far. I hope I am moving in the right direction toward my long term financial goals.
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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