I’m excited to announce our family crossed a HUGE dividend investing milestone. Our family’s projected annual dividend income surpassed $12,000! This is a huge milestone, not just for me, but any dividend investor! Why? We now earn $1,000 per month in dividend income!
Hope everyone enjoyed Labor Day! The stock market continued to surge OVER 7% during the month of August! Then, the HEROES ACT or HEALS ACT still sits in Congress, as they are on recess and they make attempts to finalize the next economic stimulus package. Dividend income, though, continues to be a very hot topic, as us investors away announcements, fearing the potential dividend cut.
In August, we set ANOTHER record for dividend earnings and it shows proof that dividend income is one of the best passive income streams. Time to dive into my August 2020 dividend income results!
Dividend increases are a major foundation of our financial freedom plan. We are building our dividend income, which is the EASIEST form of passive income, to eventually cover our monthly expenses. A key piece of this strategy is investing in companies that increase their dividend. Why? We want our dividend income stream to grow! Who wants their income to remain stagnent and lose purchasing power!
That is why we are constantly monitoring our dividend stocks for dividend increase announcements. It is a hobby the two of us love and are always discussing with each other. One day, we decided to share this exercise with ALL OF YOU. Therefore, each month, we publish a list of the expected dividend increases in the coming month.
June and July were heavy dividend stock purchase months. Now the question that the community is wondering – was I able to keep the pace up? The journey to financial freedom does not take breaks and one must continue to persevere through uncertainty, put cash to work and push that forward dividend income forward. August –
I am determined as ever to put this cash to work. Sitting on the sideline is not an option for this investor. Therefore, in addition to researching individual stocks to buy using our Dividend Stock Screener and Vangaurd ETFs, I will also review my Fundrise investment to determine if I should add to my current investment. We will leave no stone unturned in our journey to financial freedom.
As investors, there are always opportunities out there. The stock market continues the trajectory upwards, making the journey to financial freedom by using dividend income as a passive income source, a little more difficult. I still will say – there is nothing better than dividend income, no matter what time of the year! That’s what the dividend stock watch list is all about! Let’s buckle up and read Lanny’s Dividend Stock Watch List – September 2020 Edition. Continue reading
What another month it has been in the stock market! The tradition, however, continues to march on, as the dividend income from YOU the bloggers article brings in the true F.I.R.E.! We are all on a form of financial independence journey and we are primarily using dividend income as our main source of passive income to reach financial freedom. The July installment of this article highlights 51 separate journeys and each of their July dividend income summaries. Continue reading