By investing a minimum of 10 percent of my income over the last two months, I’ve already been able to create a dividend business with a forward projected income that’s enough to afford me one large Tim Horton’s coffee bi-weekly.
In case you didn’t know, a large coffee from Tim’s cost $1.90.
To put it bluntly—it required a low amount of capital and a short period of time to create this dividend business
After only a few months of work, it already takes me out for coffee once every 2 weeks.
Maybe you don’t value slow progress like I do, but I think that sounds pretty swell.
Since this is the first dividend income update in 2017, I wanted to point out a few changes that I’ll be implementing for the reports going forward.
Firstly, there’ll be no mention of which companies distribute the dividend payments.
Isn’t that the point of a dividend investing blog? To find new companies to invest in and learn how others manage their portfolio?
No. This blog, aside from guest posts and a few sponsored posts I’ve been fortunate enough to collaborate on, is a personal blog.
Furthermore, the purpose of these reports is to approach dividend investing as business-like as possible.
Dividend investing is similar to operating a real business in that your goal is to add product lines that increase your overall income.
Secondly, this will not be a stock analysis blog.
I don’t enjoy debating which stocks to invest in, nor do I like writing stock analysis reports.
Additionally, I’m not a licensed investment advisor, and I believe investment decisions should be made on an individual basis
In reality, everyones goals are different.
I would always recommend seeking professional advice if you’re not privy to the markets.
Thirdly, I’ll be publishing real dividend numbers this time around.
Though the dividend numbers are lower than in 2015 and 2016, I look forward to building this business back.
With that said, here is the first official report from the newly improved “Reverse the Crush” portfolio:Dividend Income Update for June 2017 Click To Tweet
Dividend Income in June
Dividend income in June 2016: $29.52
YOY Growth (compared to June 2016): Down -85.54%
Total in 2017: $4.27
How many businesses/stocks paid dividends: 1
As mentioned in my ultimate ambitions post, the long term goal is to increase dividend income to a minimum of $2500 per month.
Once financial independence is reached, the plan is to purchase a home with a dream office.
From there, I’ll blog full time, travel more often and grow the dividend business from $2500 a month to $5000 to $10,000…hopefully🤞🏼.
Obviously, as shown from the June dividend income above, that goal is a long time away.
Admittedly, it’s quite possibly a goal that may never be reached, which is why it’s most important to enjoy the process.
I look forward to publishing further updates as the income continues to grow.
Question: How was your dividend income in June? What’s your plan to reach FI?