Saving, Investing, and Building a Dividend Empire. This blog is about building a passive income stream for life through dividend investing. The goal is achieving financial Independence and building a Dividend Dynasty!
Today is a special day. It is my Blogiversary! One year ago, I officially started My Dividend Dynasty! It all started right here with this post. Hard to believe one year has passed. I have to say, one of the greatest experiences has been becoming part of the DGI community and following so many fellow members on their journey. The DGI community is just amazing. Thank you all for your support! To add to the specialness of the day, is that I am also posting my recent buys. I decided that I would build up on my positions this time around. Last week I made two purchases: AT&T (T) and General Mills (GIS).
Last week, I bought 62 shares of AT&T at $32.30 per share. This purchase added $124.00 to my forward annual dividend income. Altogether, I now have 338 shares of T which equates to an annual dividend income of $676.00. In addition, I also purchased 45 shares of General Mills (GIS) at $44.27 per share. This purchase added $88.20 to my forward annual dividend income. All in all, I now have 102 shares of GIS which equates to a yearly dividend income of $199.92. So, with these two purchases, the grand total adds up to $212.20 in dividends added to my forward yearly dividend income.
That is a nice chunk of dividend income after spending $4000 on these new purchases. But it gets a bit more interesting. Last year, at just about the same time, I purchased GIS for the first time. In fact, two days after I started My Dividend Dynasty my purchase of GIS ended up being my second blog post! Funny, how it happened to work out like that. There has been quite a lot of anniversaries for me over the past three weeks. It was the one-year anniversary since I moved into my new home in late June, it was my 31st birthday last week (Holy cow!!), and today is my Blogiversary. The year just zipped right by.
As of this post, my portfolio, the Dividend Empire, has officially crossed the $150K mark in value for the first time. While that is pretty darn exciting, the greater excitement is coming from the dividends generated by my portfolio. Back in 2017 I had stopped making purchases for the first 6 months of the year, so I could save up for my new home purchase. I remember thinking for the longest time; “gosh, will I ever break the $8,000 mark in dividend income…” When I first started this website one year ago, my forward yearly dividend income was at $7,823.38. Now my portfolio stands to generate, OH, …
IT’S OVER 9000!!!! Sorry I had to do that, lol. But yes, my portfolio now stands to generate $9,025.70 in forward dividend income over the next 12 months! I am very exited about that! Breaking the $9K mark is an enormous milestone that can only be surpassed by the next one: breaking the $10K mark. Having a 5-figure dividend income is in reach now and is something I could achieve in 2019 at my current rate. I will do my best the remainder of the year to work toward my goals and build up a solid dividend base as a springboard to break the $10K mark in 2019.
So, isn’t this exciting? I am looking forward to the remainder of the year. How about the rest of you guys? Make any good buys lately? Do you have a Blogiversary coming up?
June was an interesting month. In the first week I completed my transition to a new bank after my old bank closed many of its branches (thus becoming no longer convenient). The second week I posted my mid-year financial goals. The third week I celebrated my one-year anniversary since I moved into my new home. And in the fourth week, I just sat back and collected the remainder of my dividends for June. Which brings us to this posts topic; my June 2018 dividend income. This month I received $939.27 in dividend income from ten (10) companies!
Pfizer (PFE) – $58.48
Southern Company (SO) – $121.80
International Business Machine (IBM) – $151.49
Target Corporation (TGT) – $43.40
VF Corporation (VFC) – $30.82
McDonalds (MCD) – $72.08
Realty Income Corp (O) – $41.27
Ares Capital (ARCC) – $361.76
Consolidated Edison (ED) – $41.47
PepsiCo, Inc (PEP) – $16.70
June 2018 Dividend Income Total: $939.27
Recording Breaking! This is the most I ever received in dividend income for a single month. I received payments from 10 stocks which represents the largest amount of companies that ever paid me in a single month. From June 2017 to June 2018 my year over year growth rate shows a 6.4% increase. I will certainly take it! To make this month even more special is the fact that I received my first dividend payment from PEP! I think I will celebrate that this 4th of July with a nice cold Pepsi.
Last but not least, there were a couple of dividend increases this June. TGT increased their dividend to $0.64 per share. This increased my annual TGT dividend payments from $173.60 to $179.20 for a $5.60 increase. And finally, O increased their dividend slightly to $0.22 per share. This increased my annual dividends from $495.19 to $496.32 for a $1.13 increase. Altogether, the dividend increases from June 2018 amounted to $6.73 in new revenue added to my annual dividends.
So, I think it is safe to say, it was a very good month for me. The next month should be good as well. I anticipate new buys, my birthday, and my one-year blogiversary is coming up. The fireworks don’t start and end on the fourth of July. How about the rest of you? How did you do this month? Any record breakers? Let me know in the comments below!
Wow… One year ago this day… On this day one year ago, I moved into my new home. After months of frustration and seemingly endless torment, I took a major step in my life and moved into my new home. It was one heck of an experience. It was an experience I learned a whole lot from. I moved in the same day I signed the papers at the closing and went to work the next day. That wasn’t a good idea, but time was of the essence during this period. Next time I move, I will be sure to make things easier on myself and take the next day off from work (provided the situation allows).
Another thing I learned was that you tend to have more stuff then you realize. I anticipated being able to pack everything and transport it all over in one trip that afternoon. I packed up everything beforehand, but all of that could not fit inside the U-Haul van, so two trips were required. While most of my stuff was over by that night, it would take a whole other trip the next afternoon to bring the rest. I also underestimated the time it takes to load and unload everything. Next time I move I would like to get started in the morning rather then the afternoon/evening.
My studio was pretty much a mess for the next several weeks. I also went for three months without a couch. I was unpacking and putting things in on order bit by bit, both after work and on weekends when I was off. Honestly, the most time-consuming part was the cleaning. Let’s just say, the previous owner would not have won the award for cleanliness. I scrubbed the kitchen, the floors, the closets, and the bathroom. I did all that on my days off which dragged the process of unpacking longer as my only time was after work. But I got one thing done at a time and little by little my apartment was shaping up nicely.
As I mentioned before, financials played a huge roll in my decision to move where I did. I intentionally looked for a place near where I work as to cut out transportation costs completely. Now I walk to work and back every day instead of taking the bus, thus saving over $1300 a year. As I started managing all aspects of my finances I began putting frugality into practice. Starting with my electric bill I began adopting practices that would lower costs. In fact, my electric bill has gotten so low that my dividends from Con Edison (my electricity utility) cover 3 months’ worth of bills out of the year.
Since I moved I have been brown-bagging it to work every day. By packing my own lunch, I have been able to cut my lunch bills in half (saving over $500) on a yearly basis. By switching cell phone providers, I managed to save $420 per year with a more modest cellular plan at $30 per month. The financial effect of choosing to live a more frugal lifestyle enabled me to achieve a 50% savings rate. I get paid twice a month. I have been able to life off one paycheck and then save the other. All that money gets placed into my money market and invested in more dividend paying stocks. One of the great highlands of the past 12 months was that I had crossed the $250,000 mark in net worth.
And there was an addition health bonus that came with moving that I did not expect. Many years ago, after experiencing much pain in my feet whenever I got up to walk, I went to the pediatrist and was diagnosed with plantar fasciitis. I have flat feet and the tissue that runs across the bottom of the foot called the plantar fascia would become inflamed. I was prescribed orthotics for my feet and the pain when away. But if I would stop wearing them, the pain would return in a matter of weeks (or less). I have not worn my orthotics in seven months and have experienced no pain. What happened?
Well, in my first month of moving I had a rug put in my apartment (requirement was 80% had to be carpeted or rugged). That turned out to be a great unexpected benefit. For many years, I lived in a place with hard wood floors. I believe that was the real cause behind my plantar fasciitis. Those hard wood floors did a number on my flat feet. No cushion, no support. Now that I have a rug, I have not used my orthotics and have no pain in my feet at all. I walk everywhere and have no foot pain! Great!
Overall, I have enjoyed living on my own, managing my finances, and setting my own course. You really do learn a lot by doing all three. I am very happy with the choice I made to move where I did. Still hard to believe that was one year ago today. Anyone else move in the past year? How was your experience? Let me know in the comments below!
For the first time, I am setting mid-year financial goals. Back in December 2017, I set financial goals that were supposed to be for a full year. However, I underestimated just how big the snowball could growth in a short amount of time and I ended up accomplishing my goals just five months into the year. And with that I decided to set new goals for the last six months of the year. I had originally intended my yearly goals to run from the start of January 2018 to the end of January 2019. This way I would get the chance to utilize all four quarters worth of dividend income. I still intend to follow that pattern, so these new goals will run from the start of June 2018 (now) to the end of January 2019.
Last time I set dividend goals, I set a strict number to surpass. I decided to do something different this time when setting dividend goals. I decided to set several tiers with the top bar will be the highest prize. This seems a lot more interesting and provide some fun motivation to trying and claim the top prize. I decided to use bronze, silver, and gold trophies to represent each goal achieved. Each trophy is an achievement based on breaking a set forward dividend mark. Bronze is the lowest level while Gold is the highest level. Here they are:
Bronze Cup: Reach and/or surpass a forward annual dividend income of $9100!
Silver Cup: Reach and/or surpass a forward annual dividend income of $9250!
Gold Cup: Reach and/or surpass a forward annual dividend income of $9400!
I have always found it a bit difficult to set goals. Not simply financial goals, but personal goals as well. For those familiar with my story, prior to the second half of 2017, the past several years of my life were very turbulent and unstable. Life seemed to have a habit of dismantling any long-term goals I had set or planned to set. I still can’t fully shake the the feeling that life will somehow find a way to throw a wrench in anything I plan. But maybe that is just bad memories. One thing I noticed is that since my life has become more stabilized since this time last year, I am becoming more confident in setting these goals for the future.
This is also a learning process as well. I will see how this new goal system works out and when a set full 12-month goals system next year I might elaborate on this model. This is all very exciting! Right now, my portfolio stands to generate $8,806 in forward dividend income over the next 12 months. There is the starting point! So, what do you think of my mid-year goals? How are doing with your own goals? Let me know in the comments below.
Back in April, I imaged May to be a relative uneventful month in terms of my finances and for the most part it was, except in two facets. The first was that I decided to change banks. Convenience is a big selling point for me and I stayed with my current bank for about 4 years because it was conveniently close to home and to my place of employment. But now my bank decided to close numerous branches and it is no longer convenient. So, I made the jump to a new bank with branches practically everywhere (plus a higher interest rate on my money market and checking). Of course, this means I have the task of switching all my automatic expenses and direct deposits to the new account.
Most of this process is done and I expect to close my old bank account the first week of June. I feel positive about making this change. The second facet to an otherwise uneventful month, is of course, a large stream of dividend income! This month I received $830.00 in dividend income from six (6) companies.
AT&T (T) – $138.00
Sprague Resources (SRLP) – $375.19
Omega Healthcare Investors (OHI) – $229.68
Procter & Gamble Company (PG) – $17.93
Realty Income Corp (O) – $41.27
General Mills (GIS) – $27.93
May 2018 Dividend Income Total: $830.00
Wow, that is an even number. Not even a penny in change. The month of May 2018 saw a 19.39% year over increase from May 2017 when I received $695.17 in dividend income. Now that is a nice jump! This month I also received my first dividend from PG, which was a very nice feeling. Finally, for this month, there was just one dividend increase. PEP increased their dividend to .9275 per share. This increase gave me a dividend boost from $57.96 to $66.78 for an increase of $8.82. That’s nearly $9! I’ll take it!
As of this post, my portfolio now stands to generate $8,806.77 in dividend income over the next 12 months. Last month I have accomplished previous goals I had set back in December 2017. Later this month, I will establish a new set of goals for the final half of the year. This will be exciting! So how did the rest of you do this month? Any record-breakers? Let me know in the comments below!