My journey of becoming financial independence by 35 years old
Hello, Everybody! It’s been a wild year for me – Mr. WRI proposed at the end of January, and we went to have a blast in Cozumel, Mexico.
While I was having fun on my vacation, my dividend payouts didn’t take any vacation, instead it increased +124%. Let’s look at the numbers:
2/26/2016BMO – BANK MONTREAL QUEBc$13.64
2/26/2016COF – CAPITAL ONE FINANCIAL CORP $16.00
2/26/2016C – CITIGROUP INC$5.00
2/24/2016RY – ROYAL BANK CANADA MONTREAL QUE$5.74
2/23/2016HCP – HCP INC$5.75
2/22/2016CAT – CATERPILLAR INC$26.95
2/16/2016KMI – KINDER MORGAN INC$10.00
2/12/2016OKE – ONEOK INC $12.30
2/4/2016POT – POTASH CORP$7.60
2/1/2016T – AT & T INC$14.40
2/1/2016DRI – DARDEN RESTAURANTS$5.00
2/1/2016DE – DEERE & CO$6.00
2/1/2016VZ – VERIZON COMMUNICATIONS$113.00
This reason why I love to publish articles updating my dividend income is because it’s pure numbers. It’s hard to argue the success of long-term dividend growth investing when you can slowly and surely see dividend income rise over time. While $241.38 is not very much, but I could cover 5 weeks of grocery with it.
The progress of dividend growth investing is real and tangible. The market can decide to take major swings day by day, but the dividends will still roll into my brokerage account like clockwork. Dividends are reliable just like my expenses, and that’s one of the reasons I plan to use this strategy as my secondary income generator through early retirement. I either use dividend income to continue to reinvest to offset old age expenses or if one day I’m tired of managing property, dividend income will serve as my main source of income. It’s funny when my income is now come from 13 businesses rather than just relying on one company (my job). My job which there is always a risk of getting fired or layoff at anytime, but with pay checks coming from 13 different sources, even if I don’t receive pay from 1 or 2, I’m still largely unaffected. That’s the beauty of dividend investing strategy.
I have achieved one of my goals to generate $6,000 in dividends during the year. I’ve now received a total of $375.92 in dividends for the year of 2016. It is 6.6% of the set goal. I’ll add February into my dividend page to reflect the changes.
It’s been a month since the proposal, so we’re planning our wedding. It’s kind of stressful for me to just think about it. I’d like a big and frugal wedding. I’ll see how’s everything will work out. Our big plan include (a traditional wedding in the Midwest where my family is living with a reception (paid by my family), a church wedding, and a reception (I’ll see if Mr. wants to contribute). I’m thinking of having it at a public park, and catering from food truck?! hehehe That way we can invite 1000 guests??!! What do you think?
How’s your February dividend income?