My journey of becoming financial independence by 35 years old
Wow, I can’t believe half a year has just gone by. This coming month, I’ll continue my super busy schedule, having to “pick up an unwanted 4th job” – jury duty. As a citizen, I pay taxes, electricity, water, phone, gas, sewage, dmv, and etc. all of the public records would increase my odd of getting selected to serve on jury duty. You bet multiple properties, that odd increases triple for me. I’ve been selected 4 times.
Mr. WRI and I are also planning for our extended road trip. Hopefully, everything will go as intended. I’m thrilled the court excuses me for the vacation time. Woot woot!
With that said, after selling my position on COP and BP, I thought my dividend for June would be greatly affected, however, it’s only $130 lower than March. Therefore, I’m happy to see it crushes the $1500 mark, which everything at the status quo, I won’t have any problem getting $3000 by the end of the year.
In March, I got paid from 4 companies, in June I got paid from 7 companies. I am doing better at diversifying.
06/26/15 Dividend BAC – BANK OF AMERICA CORP 062615 5,677 $283.85
06/26/15 Dividend PFG – PRINCIPAL FINANCIAL GROUP 062615 10 $3.80
06/22/15 Dividend D – DOMINION RES INC VA NEW 062015 100 $64.75
06/15/15 Dividend O – REALTY INCOME CORP REIT 061515 50 $9.48
06/02/15 Dividend V – VISA INC CLASS A 060215 60 $7.20
06/01/15 Dividend WMT – WAL-MART STORES INC 060115 20 $9.80
06/01/15 Dividend WFC – WELLS FARGO COMPANY 060115 530 $198.75
2015 total: $1545.59
$3000 might seem little to some, but if I move to a Southeast Asia country, I could buy a moderate life with this. Even in America, if I continue to carry the same lifestyle, $300/month would represent 1/3 of expenses.
Some people might have wonder how will I reach financial freedom when I only have 1/3 of expenses cover by dividend income? Well, the good news is, my 4-plex has produced enough income to cover mortgage and expenses. Any amount I make on dividend income is extra money to spend or to reinvest. I expect my expenses will go up as I age or decide to have a child. That’s why I’m going to continue to build my multiple stream of incomes.
Getting paid from 30 companies is better than getting paid by 1 company and you have to work to get paid. Versus dividend income, you don’t have to lift a finger. The rich people have done it since the invention of capitalism, they know to diversity their income sources. Why not us?