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. :)
Dividends from July 2015:
Dividends from July 2016:
YOY increase of 16.8%