Dividend Digger

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July Dividends 2016

Hope all is well everyone, and you guys are having a good summer. I know for me I have been spending a good chunk of my free (doesn’t feel so feel these days) time with my girlfriend and enjoying the outdoors while sharing a hobby that we can both enjoy which is fishing. Like last month I haven’t really focused too much into putting cash into the market other than the dividends which I receive, which of course is still a good help during times when freed up capital is tight.

I was fishing yesterday and during that time of peace and quiet I thought for a moment of how convenient even an extra $500 a month in dividend income would be(even if that’s not enough to reach F.I.). Yes, that could mean free phone bill, or your utilities covered for the rest of your life, but I feel as though those are the typical ways many people look at that addition income. However, I sometimes look at it as an opportunity to be selective with the location of where you live. For example if you are relatively young(20-30) and you have about $500 of dividend income coming in every month you probably don’t ever need to save another day in your life if you plan on retiring in your 60s. With that being said you can afford to take risks and work a job that allows you to live paycheck to paycheck, without having to burden yourself with the notion of not having anything when you retire. Passive income truly does help open up extra windows of opportunity in life.

In terms of dividends July was another good month, although my dividend income went down from last quarter due to me selling some companies back in May from my non-registered account. However, I am still very pleased with the numbers overall.  :)

 

2016 dividend chart juy

july 2016 pie

 table juy

Dividends from July 2015:

$650.99

 

Dividends from July 2016:

$760.63

 

YOY increase of 16.8%

6 Comments

  1. It is always nice when we can find ways to spend time with our significant others doing something that both people can enjoy. Even though I don’t share in owning any of these companies. I do see that you have a nice YoY increase on your dividend income which is always a good thing. Keep up the good work and thanks for sharing.

    • Ace

      August 29, 2016 at 10:25 pm

      Absolutely, the best thing you can give anyone is your time, and if its time well spend even better! Even though we don’t share he same companies, I can tell you like your Dividend growth stocks, when i have the capital and room in my RRSP, i wouldn’t mind more exposure to some USD equity. Thanks for stopping by best of luck!
      Ace

  2. Good stuff, Ace! Looks like you’re having a great work/life balance :)
    For sure, passive income is sometimes called F-You Money, the money that make you to be able to choose whether to work or not to work, and that sounds super-awesome to me!
    I love this funny short video:
    https://www.youtube.com/watch?v=eikbQPldhPY

    • Ace

      August 29, 2016 at 10:27 pm

      Thanks Oxana, gotta work to live not the other way around ;)
      Thanks for linking that youtube video, awesome take on the original scene but so much more enjoyable with the financial twist to it :P

      Cheers
      Ace

  3. Excellant month. You can cover a lot of things with 500.00 even more with your haul

    • Ace

      August 29, 2016 at 10:29 pm

      Thanks Doug, lots of potential with an extra 500.00 coming in per month, but if you don’t need it even more potential can be had with the compounded growth :D

      Cheers
      Ace

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