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!