Live Off Dividends

Passive Income and Personal Finance

Category: Blog Update (page 1 of 18)

Net Worth Update: May 2017

Another positive month! Nothing major here but it’s definitely a step in the right direction.

For those wondering, I use  Personal Capital to help track my net worth and I highly recommend giving it a shot (it’s completely free). You can link all your accounts and it does all the work for you. It also gives you access to a bunch of really cool tools, like the investment checkup tool.

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Personal

My home value stayed the same at $100,000.

My truck value decreased from $6,700 to $6,591

My car value decreased from $5,400 to $0.00. (I sold it).

Total: -$5,509

Investment Accounts

My Robinhood account increased from $37,162 to $38,127 this month.

My Roth IRA decreased from $14,014 to $14,013.

My 457b increased from $4,679 to $5,083.

Total: +$1,368

Cash

My cash increased from $1,463 to $6,233.

(I managed to sell my car last month that’s where this large increase came from)

Total: +$4,770

Total

My total assets increased from $169,418 to $170,047.

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Mortgage

My mortgage decreased from $59,745 to $59,599. I managed to pay a little extra on my mortgage this month.

Total: -$146

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My net worth heading into June is $110,448 up from $109,673 last month! This was a $773 increase or a 0.70% increase. Not a huge increase this month but I’ll take anything that’s headed in the right direction. I’m hoping for a good month in June!

Age

I think it’s important to track my age and where I fall percentage wise in my age group as well. I’m currently 23 years old and my net worth puts me in the 96th percentile. Here’s the link that I use to calculate that as well.

This post may contain affiliate links.

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Rental Property Update: May 2017

Back in February I purchased my first rental property. It is a two family that I owner occupy. It’s worked out great so far and it allows me to live at a much lower cost then if I were to have bought a single family. Obviously, I would be doing much better if I wasn’t occupying one of the units but I need somewhere to live.

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As of May it now costs me an average of $186.40 to own this house. That’s really not bad all things considered. I could get $750-$800 for my apartment so if I didn’t live here I would be profiting somewhere between $563.60-$613.60 and then when the mortgage is paid off $854.39-$904.39 which is what I’m really looking forward to. An extra $850/month would be awesome.

May was the first month that I made an additional payment on my mortgage. Though it was only an additional $60.78, if I continued to make that same extra payment for the life of the mortgage it would reduce my 30 year loan to 21 years. I would like to pay it down even faster than that but money is pretty tight right now and I’m working on another house deal. My father and I are partnering on a deal for 3 properties with a total of 7 units. Our estimated close date is July 28th, but it could be sooner depending how fast the seller and his attorney want to work. I will include those three properties in this post when the deal comes to fruition.

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Dividend Portfolio Update: May 2017

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I had a great month for dividends and a good month in general. My year over year growth was huge this month! I’m still not caught up but I’m definitely back into the swing of things.

Dividend Increases: 2 Increases

Apple increased their dividend from $0.57 to $0.63. This was a 10.5% increase and will earn me an extra $1.20 annually.

Pepsi increased their dividend from $0.752 to $0.805. This was a 7% increase and will earn me an extra $2.97 annually.

Together these two increases will earn me an extra $4.17/annually or $0.34/monthly with no extra money invested. For 2017, May included, I’m averaging a $0.505/month increase with no further money invested.

 

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These are all the companies that paid me dividends in May amounting to $116.40.

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My dividends year over year in May increased from $45.60 to $116.40. This was a 155.26% increase year over year! I think June will be the first month this year that I don’t see year over year growth.

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I received a total of $920.90 from dividends in 2016. I’m currently at $461.04 which is almost exactly half of my 2016 amount and there’s more than half the year left. I’m excited to watch this number surpass my 2016 total.

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My total annual dividends increased from $1,207.618 to $1,239.80, while my average monthly dividends increased from $100.63 to $103.31. This was a 2.66% increase month to month!

Purchases:

May 8: Purchased 7 shares of MO at $70.91 for a total of $496.37.

May 24: Purchased 6 shares of LOW at $78.70 for a total of $472.20.

May 25: Purchased 1 share of O at $55.26 for a total of $55.26.

Sells:

No sells this month.

Contributions:

May 11: Deposit of $440.

May 30: Deposit of $440.

Total: $880

Well, I sold my car this month so that took a lot of pressure off of me. I’m still working on a real estate deal that may close in June. I haven’t caught up on any of my behind contributions because I’m going to need cash to close on these houses and want to be sure I have enough.

I was behind 11 contributions last month and I’m still behind 11 contributions, totaling $4,840. I’m hoping I have a decent amount of cash left over after this deal so that I can catch back up. I get paid three times in June and my birthday also falls in this month so it should be a pretty good month!

Rental Property: $650

I received $650 for rent in May.

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