It is that time of the month. That came out wrong perhaps. I mean that I have now collected all my dividends for the month of June. And it was my best month yet.
At the start of the year (actually late January) I wrote my goals for the upcoming year. In them I stated that I wanted to make $200 from dividends this year. An unreachable goal with my very limited income and all my scholarly expenses. I am very competitive but I am okay with not meeting this goal. In spite of what that statement may imply, I am in the process of working adding stocks and ETFs that pay dividends. right now I have one mutual fund, two ETFs and two stocks. That is much more than with which I started the year.
This month was a lucky month in that two of my three quarterly payers paid their dividends this month. With the help of that fact my June dividends were $27.93. That is an awesome feeling. That alone is more than two hours of work at my current job.
June marks the halfway point of the year and so far I have $70.41. That puts me at a pace of $140.82 annually. Now that I calculate that I can see my goal is not entirely unreasonable. It will be tough but I think with another purchase of investments or two I could make it.
At Suburban Finance they make $900/month with a few good ideas for passive income.
Hopefully reading this will inspire you a bit. Six months ago I only made $7.57. Now I have $20 more than that, with only more to come. That fact I find pretty persuasive. This early start should really start to reveal itself in ten years or so when my numbers are closer or maybe even greater than the current totals of Passive Income Earner. And these updates let me track that.