Welcome to the 6th dividend income update, old sport!
For the past 6 months now, I’ve been publishing dividend income earned to document the journey to financial independence.
Ultimately, the goal is to reach an average dividend income of at least $1,500 per month.
Once enough dividend income is earned to cover my expenses, I plan to retire from the 9 to 5 grind to spend more time managing my portfolio and blogging.
Of course, I realize that I have a long way to go until reaching that target, but fortunately I enjoy the process.
In fact, enjoying the process helps me maintain a patient and strategic mindset during months where dividend income earned is lower.
As of right now, February, May, August, and November are the weaker cashflow months for the dividend business.
In addition to enjoying the process, it’s important to be appreciative of even the smallest advancements.
I earned $5.14 in dividend income from 2 companies in November 2017.
The business generated $0.55 more in November when compared to August, which represents an 11.98% increase.
Moreover, this quarters income has already surpassed the amount of income received in July, August, and September.
Quarterly income is up by more than 20% in October and November, and there’s still another month of the quarter to go!
Here are the complete dividend income numbers and a few visuals for the month of November:DI Report #6 - Dividend Income earned in November 2017 Click To Tweet
Dividend Income Earned in November 2017
Total dividend income earned in November: $5.14
Last month (October 2017): $17.95
Month over month growth (compared to October 2017): Down -71.36%
Last quarters total (August 2017): $4.59
Quarter over quarter growth (compared to August 2017): Up 11.98%
Total dividend income earned in 2017: $46.57
Monthly average in 2017: $3.88
How many businesses paid dividends in November: 2
Analysis & Concluding Thoughts
Although I am momentarily satisfied by posting quarterly growth, the business is reaching the stage where it can no longer afford to post single digit months.
I’m on a mission to acquire assets that save for me, which is why I’m happy to announce a new stock position!
I recently acquired a new position in a telecommunications company that will provide more balance to the average dividend income earned. The new position will add income to the February, May, August, and November months.
In addition, I am committed to investing a substantial sum this December.
I haven’t worked out the exact number yet, but I’m aiming to increase dividend income earned by at least $50.
In short, December is going to be a major step forward.
I’m looking forward to publishing the next annual forward dividend income update to share how much is added
Questions for the Readers: How was your Dividend Income in November? Are you on pace to surpass your 2016 dividend income?