It's the time of the month when we announce how much we have made in passive income through dividend stock investing!
In October, we made a whopping $339.82, the highest we have received in monthly dividend income since we started our journey at the beginning of 2015! We were hoping to get even more in November, but life happened and we decided to pay off our -9,000$ credit card debt by selling one of our favorite stocks - Realty Income Corp. (O). We are still sad about it, but we will eventually rebuild!
Last month, we were able to get +$313.50 in dividend income. That's actually pretty good, in my opinion.
VERIZON COMMUNICATIONS $24.86
AT&T INC $42.30
APPLE INC $44.20
ONEOK INC $59.04
KINDER MORGAN INC $102.00
REALTY INCOME CORP $41.15
This brings us to a total of $2,471.91 in Dividend Income so far for 2015!
Our goal is to reach $2,500 in passive income for this year and hopefully next year - with a 2 income household - we hope to get between 3,000-4,000$.
Is this wishful thinking? or just plain insane? We'll see.
Doc and I have been married for 3 months now and we are slowly merging our finances.
The reason for the delay is because I just recently got my work permit and I cannot be added to my husband's account without having a social security number. I have also delayed transferring my personal funds (about 15K) to an American account because of the horrible currency rate.
Currently, 1 CAD is only worth 0.75 USD (OUCH!) That is pretty bad, I know.
Nonetheless, we started calculating all our assets and liabilities in order to gain some insight of our family's net worth.
I found this great website called networthshare.com that paints a great picture of your Net Worth - all your assets - liabilities.
My husband said it is really cool because it has numerous charts and graphs that keeps you accountable and shows you the progression of your net worth.
Being a newlywed couple in our mid to late 20s, we have a lot to learn. We own two cars, both worth 25K each, one completely paid off (prior to our marriage) and the second one we bought after I arrived in the U.S. Most of our debt is from the auto loan.
After entering all the numbers into that website, we realize how much consumer debt we had - a whooping (9,000$)! I was pretty shocked but not surprised, considering all the expenses we had in the past 3 months (our wedding, fixing his car's engine, immigration fees).
Because the interest is 11% on his credit card, my husband decided yesterday to sell Realty Income Corp (O), reducing dividends by approx. 30$ per month. The interest each month from the debt was 100$. We were better off paying it before we PCS to another state. By the end of this week, he will pay off the 9K credit card debt and we will only have to pay off our car loan of 23K. Buying our Volkswagen was probably the best decision we made, considering we only pay 30$ per month for a full tank! This is pretty cheap than the SUV we used to own.
We also have cash in hand for emergencies and for our move. We will be going on a road trip to our new duty station and as a result we will be able to travel for a lot less. It will be our first trip as a married couple, sort of like the honeymoon we never had. Chicago and Las Vegas are definitely in our plans! We will later record our travel expenses on our blog to show you how we saved money.
After entering all the relevant information on this website, we found out we have a Net Worth of +96,843$. We are off to a great start.
Have you ever used this website to calculate your net worth?
*FYI: We do not own any real estate properties, but hope to in the future. We currently rent.
The past couple of weeks has been busy due to preparations for MRI and INSURV. Our department altered our work schedule to make sure we pass the inspections with our first try. Working from 0430 to 1730 everyday is not fun at all trust me.
Although I follow the stock market daily and research potential dividend generating stocks, today I initiated a position on MSFT for $53.30 a share. I bought 21 shares adding a total of $30.24 annual dividend income.
I enjoy that everyday I always learn something new and I do appreciate all the pointers and tips.
Thank you again for reading our blog.
Yep, those are bombs we used last deployment on Syria and Afghanistan.
I am Elle, Mr.'s wife. Due to time constraints on his part, I will be managing our personal finance blog while he is serving our country. I will be doing a complete makeover of the blog, while also posting regularly about our journey to financial freedom.
Mr. loves to post about personal finance and his time in the Navy. I enjoy talking about my immigration experience to the United States, freebies for "frugals" out there and discounts for military families.
In the meantime, please take a look at our Portfolio & our Dividend Income pages that have been updated recently. We hope that our blog will inspire you to live frugally and invest wisely in dividend income generating companies.
Doc & The Lady Boss
So normal schedule has finally resumed at work and I have been bombarded by daily stupidity of my fellow shipmates. As a PMT, one of my responsibilities is to track and treat reportable diseases such as..(drum roll).... STDs! I had a conversation with a young fella today and it went like this.
Boot: Good morning HM2!
Me: How can I help you today?
Boot: I remember you from the indoctrination class when you taught about sexually transmitted diseases. I was wondering if I can get tested.
Me: Sure! when was your last sexual contact?
Boot: Last week.
Me: Did you use protection?
Boot: Yes but I kinda blacked out.
Me: Figures. So tell me more?.. (This time I've noticed a funky smell in the room).
Boot: I was alone, bored and drunk that night so I went to an escort website and ordered me some prostitute. I was nervous so I took more shots and prepared the rubber but halfway through the deed I blacked out.
Me: So do you have any active symptoms?
Boot: Yes, my throat has been bothering me.
Upon further inspection, it turns out this young sailor has contracted Oral Candidiasis or also known as yeast infection of the mouth.
I made sure I treated and counseled him about the risk that comes with his actions especially going down on a prostitute while blacked out from drinking alcohol. But hey kudos to him for wearing the protection the whole time. This sailor will be out of commissioned and TAD to DAPA for a while. Use protection!
Have you ever thought of quitting your job and just dropping everything that you're doing? I have!
Don't get me wrong I LOVE MY JOB but there are days that I just want to strangle my chain of command and torture them. If you are just like me then you're in the right place! Join me in my pursuit of financial independence while serving active duty in the military.
According to statistics being an enlisted in the military ranks as the number one most stressful job as of 2014. I can attest to that! As a matter of fact I just got back from a recent 9 month deployment to the middle east. Although some deployment may differ from another, it is still without a doubt hard and full of bullshit.
During mid-deployment I stumbled upon Mr. Money Mustache's blog and it was an instant eye opener! I soaked up every single information on how to live frugally and how to invest my money in the stock market.
I initially invested in Vanguard's VTSAX just cause it is the easiest way of investing. You buy a chunk of the economy and you watch your money grow. There are no stock pickings involve hence the danger of investing using your emotions is eliminated. But there was something about it that felt like it wasn't my style, so I did more research on different types of investing and that is when I stumbled upon Dividend Mantra's page. Let's say the rest was history.
I am planning to live off my dividends in addition to my retirement pay from the military by the time I'm 40 or even as early as 37.
In this blog, I will be posting my recent dividend stock picks or any buys/sells from my portfolio. I am also subscribed with motley fool's premium service and so far it hasn't failed me. Please feel free to critique me since I am still new to the world of investing :)