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Dividend Income Statement & Net Worth Report – March 2017

Dividend Income Net Worth

Finally!  This month’s dividend income statement reports a level of success I’ve been working towards for quite some time.  It’s been a long time coming and I’m really excited about this record breaking month.

 

March Dividend Income Statement

March is the month dividend dreams come true.  Not really, but I was able to hit a long sought over goal.  March’s dividend income is significant, and I’m happy to share this achievement with you.

Let’s get to it.

This month, I received $507.37 in dividend income.  On average, I was paid $12.68 from 40 different companies (actually, 39 companies and 1 preferred shares fund)!  This month’s record breaking dividend income statement shows an awesome 49.58% increase over last March.

Dividend Income Statement - March 2017



 

This month’s dividend covers my: cell phone, internet, electricity, gas and car insurance.  It’s a significant amount of money and a big portion of my monthly bills.

Here is a chart of my passive dividend income progress over the last 2 years.

The dividend portfolio has been updated.

Net Worth

Net worth continues to move up as I work hard to pay down the mortgages and invest heavily.

Let’s do the numbers…

 

Cash

My cash is moving in the correct direction yet again this month.  We seem to have found ourselves on a solid footing with no crazy surprise expenses hitting.

We are working towards finding a new health insurance plan as we recently discovered we made a mistake and picked the wrong plan (and they won’t let us change).  My wife’s doctor doesn’t take this particular plan and she’s the only one that needs to go to the doctor in our family.  We are considering moving to a Christian based health care sharing plan.  If you have any experience with these plans, please let me know.  It looks like I could cut my monthly premium in half… which sounds like a win.  But, I certainly don’t want to drop out of my insurance plan to find that there programs aren’t any good.

 

Real Estate

I believe my long-term tenant in rental property #1 is thinking about moving.  While that is sad, I am very excited about the thought of selling this property.  The return on rental #1 is pretty low, and I would love to put that money towards paying off my primary home.  I would lose the income, but I would also lose my mortgage… which would be amazing!  And, it would give me a lot more money to invest every month.  The monthly cash flow on this rental is less than the amount I’m paying in interest every month.  I also don’t see the property gaining much in value over the next few years.  There are benefits to keeping the rental, however, there are a lot of minuses too.  Anyway, I don’t need to get too excited about it yet, as I don’t know if the tenant will be leaving (and I would never kick them out to sell).

Other than that, the rentals were perfect again this month.  No problems and everyone paid on time!  Gotta love good tenants.

 

Wrap-up

Obviously, I’m ecstatic with the gains I’m making – not only in dividend income but net worth.  The month’s dividend income statement is huge for me.  I’ve finally hit my coveted goal of surpassing $500 of dividend income in a single month and it is the result of a little over two years of consistent investing and work.  It’s been a great run, and I’m thrilled that this is only the beginning of my journey – just wish I would have started earlier.

As you may have noticed from my March and April money in the trough posts, I’ve been putting a lot of money to work (for me at least).  Its been an exciting time to invest.  However, it’s really unfortunate that I’m having to find a home for this money while having to deal with some super inflated values.  I’m doing my best to remember time in the market trumps timing the market.

 

What do you think, would you consider selling a positive cash flow generating rental property to pay off your mortgage and be completely out of debt?  

 

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I'm a dividend growth investor who is aiming to retire in 7 years at the age of 45. My goal is to live off the income my dividend portfolio and rental property produce exclusively and leave the corporate rat race. I hope you will join me in this journey!

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  • Dividend Diplomats Apr 10, 2017, 7:29 pm

    Pig –

    Pretty FRICKEN awesome. Not only did you cross $500/month but you also are that much closer to 7 figures. Further – I agree with your statement – time in the market is better than timing the market. Smart. Keep killing it.

    -Lanny

    • Blake Apr 13, 2017, 4:29 am

      Thanks Lanny! It was certainly a good month.

      As always, thank you for dropping in and commenting!

  • Symbol Surfing Apr 11, 2017, 12:16 pm

    Blake –

    First, congrats on exceeding $500 in monthly dividends!

    It looks like you are doing it right.

    I use a dividend calculator on my site on a regular basis to remind me of the power of dividend investing.

    Second, are you familiar selling put options and selling call options?

    As a stock market investor & real estate investor, you might like these 2 option strategies very much.

    I have used these relatively safe option strategies for years and it has worked well for me.

    Keep up the great results!

    • Blake Apr 13, 2017, 4:36 am

      Thanks SS!

      I’ve had a bit of experience with both calls and puts. With these inflated valuations, I’m just not confident enough to jump in 100 shares at a time right now. Buying roughly 2k at a time and spread between different companies suits my needs a bit better.

      Thank you for stopping by and commenting!

  • DivHut Apr 15, 2017, 2:51 pm

    Really solid results and many great names paying you for the month. Continue winning all the small battles like dividends covering cell phone, internet, electricity, gas and car insurance and one day the entire war will be won and dividends and other “passive” income sources will cover all. Stay invested!!!

    • Blake Apr 15, 2017, 8:42 pm

      DH, thank you for the comment!

      I’m very much looking forward to winning the war. It’s certainly not a quick fight to win. Hopefully, we will see a bit of a break in the market and we’ll all be able to pickup those stocks that are just to rich now.

  • Dividend Portfolio Apr 17, 2017, 12:02 pm

    That’s a HUGE achievement Dividend Pig. It’s always good when you can set a goal and finally reach it. Good job on surpassing $500 in passive dividend income.

    I have a similar plan as you, which includes investing in Real Estate. I bought my first house last year and I’m about to hire a property manager to rent it out. I’m hoping to get quality tenants in the property like you have. Even though you are looking to sell the real estate, the fact that you do not appear to be losing money on it (even if you’re not making as much as you would have liked) is really good in today’s environment.

    Awesome report and congrats.

    • Blake Apr 18, 2017, 8:12 am

      Thanks DP!

      It’s great to finally join the $500+ crew.

      Regarding the rentals, I’m fortunate not to loose any money on the rentals. Both are producing positive cash flow. I do have this strong yearning to pay off my debt though. Selling rental property #1 would allow me to be completely debt free in less than 2 years. Which sounds awesome. I hate to loose an asset, however, I think I could find a better return for the cash later.

      I hope you are able to find a good property manager. In my neck of the woods, we pay 10% of the monthly rent. They handle finding tenants, rent collection and maintenance calls.

      Thanks again for dropping in and commenting!

  • Stockles Apr 18, 2017, 5:44 am

    Solid man! I simply love these monthly updates, so I started subscribing to your blog. Keep killing it!

    • Blake Apr 18, 2017, 8:17 am

      Thanks Stockles,

      Looks like you are off to a good start over there. I don’t know much about Norwegian stocks, so it will be interesting to learn and follow your journey.

      Keep up the good work!

  • Investment Hunting Apr 22, 2017, 2:27 pm

    Congrats on breaking your dividend income record. It feels good doesn’t it? I did the same thing last month.

    • Blake Apr 25, 2017, 11:15 am

      Thanks IH! Yes, its a great to finally reach that goal. On to the next one.

  • Elena Senelson May 17, 2017, 6:00 am

    Congrats on your purchases. I have been contemplating more Target, I own quite a bit already, so seeing how much deeper I want to go with them is truly the question.

    • Blake May 19, 2017, 2:30 pm

      Thanks Elena! TGT is great, but like you, I have plenty now and won’t be buying anymore in the short term. Gotta keep diversifying that portfolio!

      Thanks for stopping by and commenting.

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