Our third installment of the Dividend Diplomats’ Side Hustle Report. Each month, the two of us publish a report showing how much income we made from our various “side hustles.” We talk all the time about how every dollar counts and can make a lasting impact on our journey towards financial freedom. Producing these reports helps hold us accountable and motivates us to keep increasing the number. Nothing excites us more than reading about another blogger that is pushing themselves to the limit, so hopefully our August Side Hustle Report can help us pay that motivation forward.
It is time for the most exciting dividend month of the quarter! There is nothing more exciting than seeing the calendar turn and realizing that it is the month that most companies pay their dividend. This is where you really see the fruits of your investing labor and the power of dividend investing flex its muscle. For those of you that are new to our website, each month we create a list of some (not all) companies that are expected to increase their dividend in the coming month. Dividend increases are the name of the game and what we are constantly monitoring on our website; we get pretty darn excited each time a company announces an increase because we know that each successive dividend re-investment results in additional shares, which leads to additional dividend income. The impact may be small on an individual level, but man do these increases add up in the long run. Now it is time to dive into the details and see which companies are expected to announce dividend increases in September.
Recently, I’ve had an itch to purchase a stock and I was motivated as heck to scratch the itch. The motivation is coming from all directions. Whether it was from seeing my cash balance increase since I have been hoarding cash while preparing to move into our house, seeing impressive growth rates in our monthly dividend investing income summary from the community, and quite frankly, watching Lanny to continue to add to his portfolio and see his dividend income soar. We all motivate each other and push each other, and seeing all of you crush it has motivated to move some cash from my recent “hoard” to my investment account and add a company that is on my last watch list. I still have a long, long, way to go if I am going to catch Lanny. But heck, I have to start somewhere, right?? All, check out why I added to my stake in Cardinal Health, Inc. (CAH) the other day.
It has been a few months since I have purchased my last stock and man oh man am I starting to get an itch. Times have been interesting for me recently. I am arms deep in working through project after project in our new house and have been hoarding my cash lately in the event we stumble on an unexpected “surprise.” But I am extremely motivated to purchase some stock after seeing my cash balance increase, Lanny make some moves by purchasing Cisco, and reading through so many great dividend income summaries in our monthly dividend income summary from the blogging community. It is getting harder and harder to resist. So now, I thought I would put together a watch list to prepare for when the right moment strikes.
2017 is flying by. I barely know what hit me for work here in July. Between travelling for work and gaining possession of our house, I have barely had time to sit down, relax, and focus on things. But I must say, I couldn’t be happier doing some of the house work and I am finding it fun and therapeutic (especially when I am listening to music while painting). Before I knew it, July was over and it was time for me to recap my performance and write my July dividend income summary. Let’s see how I performed during the month.
Here we are. The first book review EVER posted on this website and I could not think of a better book to begin with. Finally, after many references on other blogs and suggestions in forums, I decided to read “The Millionaire Next Door” by Thomas Stanley, PHD and Willian Danko, PHD. It amazes me that it has taken me THIS long to read the book, but I guess it is better late than never, right? One of my goals in 2017 was to read more books, so this seemed like a great place to start. Here are some of my thoughts on the book.
Half of 2017 is in the books. Man oh man does time fly. I look forward to the first weekend of every month so that I can summarize my dividend income from the previous month. Summarizing my June dividend income, aka the third month of the quarter, is always a little more exciting since I get to include the dividends received from mutual funds. Enough talk, let’s take a look at how I performed in June compared to 2016.