As the intent of this blog is to be my dividend growth investing journey towards early retirement (AKA: Financial Independence) in only 10 years, I guess I should address my dividend income and finances as a whole.
Let me preface this by saying, I just started down the dividend growth investing path 9 months ago. The dividend income numbers aren’t all that impressive as of yet, but you’ve got to start somewhere right?
In the last 6 months of this year (2015) , I’ve received $441.48 in dividend income from my dividend portfolio. The total portfolio yield is currently at 3.67%.
While $441.48 in dividend income certainly isn’t a lot, and nowhere close to a point where I could retire, it is money that I received for doing NOTHING! And to me, it doesn’t get any better than free money. I’m on track to break the $1,000 dividend income milestone this year! I was hoping to keep my portfolio yield much closer to 4%, but I haven’t found the type of values in the stocks that I wanted to purchase.
My Net Worth
I thought long and hard about whether I really wanted to do this and finally came to the conclusion, why not! I think part of the problem with many people’s financial position is that money is often kept secret and not discussed. Without sharing numbers, it’s harder to learn how to become financially independent.
Measuring net worth is quite easy and recommended by many as an overall personal financial barometer. The goal, obviously, is to have a positive and growing net worth. This takes time, patience, and discipline.
My net worth information is below. I included my hard and valuable assets here.
As I’m not a real estate professional, I used Zillow (which some say shows unrealistic prices) for home values. However, I live in Atlanta where there is plenty of data for Zillow to pull from. So I suspect the home values are somewhat accurate.
So, here it is:
While I have no consumer or school debt, I do have A LOT of real estate debt. Yikes, I need to get working on this. My goal is to have my house paid off in 10 years before retirement, not an easy task!
I’ve never tracked my net worth on a monthly basis. So it will be interesting for me to see the ups and downs (I hope there are more ups!) throughout the next few months and years. I will be updating my dividend income and net worth every month here on The Dividend Pig.
You may notice I have quite a bit of extra cash at the moment. I will use this as seed money for dividend paying stocks as values pop up. You can see my current dividend portfolio here.
So there it is, my six month dividend income and net worth. I’ll continue to keep you posted each month.
Do you track your dividend income monthly? Do you include your cars and other valuables like jewelry when you calculate your net worth? Why or why not? Maybe a more important question is… do you regularly calculate your net worth?