Milestone Reached – $200 Month in Dividends

September was a very good month for dividends. After receiving my last payment from Pepsi (PEP), I’ve gone ahead and tallied up the total for the month- $229.38. This is a personal best, and the first time the portfolio has gone over $200 in a month. Here are the payouts for September:

Year to date, the dividend portfolio has generated $662.57. The first dividend payout was in March, so this works out to be $94.65/month. I am getting very close to reaching $100/month, which was one of my original goals when starting out with dividend investing. I am confident I will be able to reach this milestone by the end of the year (I am expecting an even bigger payout in December due to all the recent purchases ;)).

This is very encouraging news as I am now starting to reap some of the rewards for all the hard work. In general, I think it takes a lot of discipline to invest on a monthly basis – especially when each transaction averages out to be $1000 to $2000. When you stop and think about it, this is a large chunk of cash that could easily fund a lot of toys! If I didn’t put so much money into the market each month, I could easily live a life of luxuries and have the best stuff: big screen tv’s, blu rays, DirecTV, Sunday NFL Ticket, expensive vacations, the latest smartphones, laptops, etc. Or I could do even “better” and finance the latest BMW or Audi.

But I don’t. Instead, I live a life of minimal material consumption. I take more pleasure in enjoying and appreciating the simple things in life: Exercising, hiking on a sunny afternoon, spending time with family, or having a $3 midnight coffee with friends gives me all the highs I need.

With that said, I’d also like to take the time out and say “thank you” to the bloggers/readers over in both the dividend investing and financial independence communities for their continued inspiration and encouragement. There are many others out there who are doing an even better job of saving and investing than myself. I learn a lot from these people on a daily basis, and some of the best blogs can be found on the sidebar under “Inspiration”. Please check them out.

In closing, here’s hoping that this is just the first, of many more milestones to come!

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Setting Goals… What’s That? (July 29, 2016)Converting Net Worth into Cash FlowPart 4: How I Became a Millionaire at Age 30 (2012)Milestone Reached – $300 Month in DividendsDividend Growth Investor Recent comment authors
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Henry
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Henry

Great work FI! $200 is really impressive, at this rate the next round of dividiends will be even higher. Happy investing, cheers!

Dividend Mantra
Guest

FI Fighter, Great news, congratulations! I reached this milestone myself not that long ago. It feels great to know that the plan is working! I hear you on the alternative – living the life of luxury. It is sometimes amazing when you sit down and think about it that we’re investing thousands of dollars per month for a sunnier tomorrow. To some, that’s crazy. To me, it’s a wonderful plan. Besides, I probably enjoy buying dividend growth stocks as much, or more than, someone else enjoys buying the latest toy. And, my purchase provides everlasting joy, while a gadget becomes… Read more »

The Stoic
Guest

Congrats! These little milestones go a long way in keeping us focused. You’re not missing out on anything by passing up the “toys”. After a while it doesn’t take long to see that it is a huge waste. Desires are limitless if you let them.

Hope you have a great October.

Compounding Income
Guest

Man you’re really on a roll. I’m taking it to mean you’ve accomplished all this in less than a year, that’s astounding! You’re well on your way to an early retirement, that portfolio is going to be a monster a year from now. When we don’t get wrapped in consumerism it’s amazing what can happen, even for low income earners like me 🙂

Did RIG discontinue the dividend? I can’t find any information on it. What are your thoughts on Transocean?

JC @ PassiveIncomePursuit
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Congrats on passing $200 in dividends for the month. I’ve still got some work to do to hit that mark but with another purchase I should pass that with December’s payouts.

Dividend Growth Machine
Guest

Congratulations on reaching the milestone! $200 in dividends in a single month is excellent. Keep up the good work!

Samir
Guest

Congratulations, FI! Doesn’t it feel great to reach a milestone? And now that you have reached $200 in dividend income for the month, doesn’t it make you want to push that much harder to reach the next milestone? Keep up the great work and I’ll be looking forward to your next update.

Take care!

-Samir

Dividend Growth Investor
Guest

You know, this is equivalent to one week worth of work that someone on a minimum wage earns. In a few more years, if you can earn $800/month in dividends, this would mean that you are making same amount that some people spend 40 hours/week working. And best part is your dividend income would likely grow faster than inflation, and does not take 40 hours/week.

Good luck in your dividend investing endeavours. You are definitely on track to retire early.

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[…] By the conclusion of September, I had reached a new milestone — My first $200 month in dividends collected! […]

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[…] $200, etc., an investor might fall into the trap of chasing yield… In my own journey, once I cleared the $200/month mark in passive income, I got more aggressive and wanted to attack $300/month. In the process, I […]

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