It’s been a good little break I had since I’ve been out of a computer for the last 5 months. And well now that I finally have one again, I thought it would be appropriate to give you all an update on my dividend income, net worth, as well as any thoughts on what’s to come ahead in my journey of building up dividend income so I can one day quit the rat race.
Total Dividends Collected by Year
Cumulative sum of all the dividend I have received:
2014: ~ $20,000
To sum things up, these past 6 months have provided quite the trials and challenges, unfortunately due to these hindrances during that time frame much of the capital I was making was going towards this project I started back in April, when I decided to take a contracting job on top of my full-time job at the hospital. Unable to get a loan from any banks I had to fund this project by cash. So, I ended up liquidating about $20k from my portfolio to free up some cash to fund the transportation of my home into the town I work. during this time, I didn’t put any money earned from my full-time job into the market. On the flip side, I am now a mortgage free home owner, not to mention I have am already making passive income from this investment as well.
During the year of 2016 I did manage to incur some debt. My debt is somewhere in the ball park of $45k, I am however making passive income from my home in the form of rent which is adding another $500 to my passive income fund. Having that rental income puts me at over a $1000 a month in passive income. Now that I have a home, and I will be debt free within the coming year, I hope to only be a few years away from being in a position where I no longer need to rely on my working income to live a comfortable life. To those who kept following from when I first started thank you for sticking around and being so patient, I will keep updating this site as my journey progress.