Live Off Dividends

Passive Income and Personal Finance

Month: April 2017

Dividend Portfolio Update: April 2017

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This was a pretty low month for dividends, but I still saw a significant increase year over year. Things are almost completely back to normal for me now. I’m back at work and finally starting to catch up. I bought a truck last month and have yet to sell my car, so when that happens I should be in pretty good shape again.

Dividend Increases: 2 Increases

Johnson & Johnson increased their dividend from $0.80 to $0.84. This was a 5.00% increase. This will earn me an extra $1.60 annually.

Air Prod Chem. increased their dividend from $0.86 to $0.95. This was a 10.46% increase. This will earn me an extra $3.96 annually.

Together these two increases will earn me an extra $5.56/annually or $0.46/monthly with no extra money invested.

 

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These are all the companies that paid me dividends in April amounting to $45.33.

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My dividends year over year in April increased from $28.25 to $45.33. This was a 60.46% increase year over year!

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I’ve been planning a portfolio rearrange for awhile now and I decided to make the changes this month. I’ve sold almost half of my old stocks and invested in new companies. This isn’t my investing style at all, but I did a thorough analysis of my entire portfolio and I wasn’t happy with how it was looking. I shifted my entire portfolio much more towards dividend growth rather than current yield. During this change I lost about $100 in annual dividends. This was a sacrifice I was willing to take because I know the growth I will see going forward will make up for the small difference today.

I was behind 10 contributions last month and now I’m behind 11 contributions, totaling $4,840. Buying the truck last month kind of tapped me out and I wasn’t able to contribute from one of my paychecks last month. I should be able to make up one contribution next month and bring it back down to $4,400 behind. I’m hoping that my car will sell next month so that I can use some of that money to catch up some. I also have some side jobs coming up this month so I’m hoping I can catch up even further.

I also have a big rental property investment in the works. I don’t want to get into too much detail until it’s closer to fruition, so stay tuned for that!

Rental Property: $650

I received $650 in rent for April.

 

How did your portfolio perform in April?

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5 Ways To Save More In Your 20s

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Making small, foolish decisions with your money in your 20s can have a significant impact in your overall financial health down the road. It’s important to set good financial habits while you’re young so you don’t have to play catch up as you grow older. Now is the time to get a solid grasp on your finances before you are struggling to hang on later in life.

These 5 tips will get you started in the right direction:

1.) Start Investing

The sooner you start investing and letting your money compound the better off your finances will be in the long run. An extra few years of compound interest can make a world of difference down the road.

2.) Contribute Enough Into Your 401(k) To Get The Maximum Match From Your Employer

Not only is the money that you contribute into your 401(k) tax deferred but if your employer matches your contributions then it’s essentially free money! Who could turn down free money?

3.) Send Some Of Your Paycheck Directly To Your Bank Account

Set yourself a weekly spending budget. Put the rest of your paycheck into the bank. Make saving money easy and habitual.

4.) Think Rationally Before Making Large Purchases

How many hours of work will it take to afford that large purchase? Is it worth it? Take some time to think over the decision and make sure you’ve considered all options.

5.) Set Goals That Motivate You

Set challenging but not unobtainable goals for yourself. Setting goals that you know are too easy won’t motivate you and instead will make you lose interest. Set goals that you’ll constantly have to work towards to make happen. Set both short term and long term goals to keep you focused on smaller immediate goals as well as larger longer term goals.

 

The decisions that you make in your 20s will impact your financial health more than any other decade if your life. Now is the time to build a solid foundation to build an empire on! With some discipline and forward thinking anyone can give their finances a great head start.

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Dividend Portfolio Update: March 2017

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Things are finally starting to normalize for me and after this month things should be basically back to normal. I had a great month for dividends, my second best ever! I still have a lot of shifting to do within my portfolio and that should happen within the next few months.

Dividend Increases: 1 Increase

3M increased their dividend from $1.11 to $1.175 This was a 5.85% increase. This increase will earn me an extra $0.26 annually.

 

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These are all the companies that paid me dividends in March amounting to $162.76. This is my second best month to date!

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My dividends year over year in March increased from $41.21 to $162.76. This was a 294.95% increase year over year!

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I’ve still been trying to get myself back on my feet after purchasing my house, so again last month there was very little changes to my portfolio. I did add 10 shares of PPG which will earn me another $16.00 annually. This addition brings my annual dividends to $1,306.198 and my average monthly dividends to $108.84.

I’m still extremely far behind on my portfolio contributions. I’m now behind 10 contributions totaling $4,400. April will be the first month that I start receiving normal paychecks again since returning from disability. I will finally be able to start catching up on the 10 contributions I’m behind. I still have a bunch of things I need to buy for the house so trying to find a balance the next few months should be interesting. But at the very least I’ll be able to start contributing again and not let myself get any further behind.

Rental Property: $550

I received $550 for March’s rent but from here on out the rent will be $650.

 

How did your portfolio perform in March?

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