I'm excited to announce my investments will now provide an average monthly income that exceeds $300. May has been a busy month with new purchases, dividend increases, spinoffs, and stock splits. All together I currently expect to receive $3,680.57 of dividend income the coming year. Average monthly income: $306.71
To me this is a significant milestone because dividend income is real cash that can be used to pay bills, travel, eat out, or just squander on hookers and blow (haha). In all seriousness I will continue to use this income to buy more shares of dividend stock till I'm ready to retire. The best part is that these dividends are sustainable and will rise over time; hopefully faster than inflation.
Looking forward I will strive to improve my portfolio and take advantage of attractive entry prices to the best of my ability. I'm obviously not a financial expert (I'm a professional soldier), but I have learned a lot about investing the past few years. The real test will be the next market crash. Staying the course during tough times is not easy. I will need to either have an iron stomach or just not pay attention to account balances. Back in '08/'09 I remember cringing as I watched my mutual funds sink in an endless sea of red. As long as income stays steady I'm confident I'll make good decisions.