My dividend income keeps growing with dividend hikes from my wonderful companies and new investments.
And, I am having a wonderful feeling to receive growing passive income from more than 25 different income streams.
It is like a dream. We invest our money in a high quality company. And, someone at the other end works hard and sends money to my account every quarter, in some cases every month.
We take the cash and do anything we want. We could buy more wonderful companies, buy groceries, pay bills or go for a vacation, etc.
It is not rich man game anymore. In this new digital age, anybody can do this as long as you have a good online brokerage account and little extra money to invest.
As you know, I didn’t come from a rich family background, and I am not making six figures income. All I do is save little bit of money every month, invest in high quality dividend growing companies, hold them for long term and collect growing income.
If I can do this with my low middle class income, then you can do it too.
Life is really short and there are tons of beautiful things to see and enjoy before we go back to where we came from. So, don’t think to spend your 40 years of your life in a job that you don’t want to do.
In your free time, Start something small in your passion. It could be anything – learn about investing, start a small business in your passion, online business, etc. And, achieve your financial freedom and enjoy your life.
So, you should find you passion first, learn something in your field by reading good books and blogs, get inspired and start your process to achieve your financial freedom.
For example, I have a passion in investing. I started to read some good investment related books and opened an online brokerage at Questrade to invest in stock market.
I personally use Questrade for most of my investments, especially ETF purchases. For those looking to start investing with little money, Questrade is one of the good options to consider because of their commission free ETF program and minimum requirement to open an account.
If you have a plan to open an account with Questrade, please take advantage of this $50 trade commission rebate.
There is a trading charge of $4.95 when you sell them. All the details are at the time of writing. If you have a plan to open an account at Questrade, please check all the information (including current commission fees) on their website and see if it is suitable online brokerage for your needs.
Disclosure: This post contains affiliate links, which means we may receive a commission if you click a link and purchase/service (at no additional cost to you). Thank you for your support!
Now let’s look at my dividend income in numbers.
I received $398.25 dividend income in August 2017, and it is 19.87% higher than August 2016 which as $332.26.
Summing up all the dividends I received in 2017, I came up with $4851.99 One of my short-term goals is to receive at least $8000 dividend income during the year of 2017. So far, I’ve achieved 60.65% of the goal.
I suppose to have reached 66.67% of my short-term goal by end of August, but little behind. Hopefull, I will catch up in the coming months 😀 .
Dividend income from Canadian stocks
- ZPR – $1.75
- CGX – $8.40
- CAR.UN – $3.20
- DRG.UN – $3.33
- CPD – $5.20
- IPL – $6.75
- FC – $7.80
- NVU.UN – $9.51
- XRE – $10.50
- REI.UN – $11.75
- EMA – $26.13
- RY – $69.60
- BMO – $45.00
- BEI.UN – $23.44
- PWF – $10.31
- MRG.UN – $5.33
- ALA – $26.25
- PWF – $45.37
Dividend income from U.S stocks
- CL – $2.00
- KMI – $6.25
- GIS – $7.35
- VZ – $8.66
- OHI – $12.80
- PG – $17.24
- T – $18.13
- SBUX – $2.50
- HCP – $3.70
Total dividend I received for year 2017: $4851.99
Estimated passive income
For those new to this site, the Estimated passive income is the income I estimated to receive in a year based on my current investments holding and their distribution rate.
My Estimated passive income is currently at $8400, decreased by $176 from my last update thanks to the recent purchases and dividend hikes.
One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 33.6% of my goal.
I am very happy with my results and achievements so far. I hope I am moving in the right direction toward my long term financial goals.
Learn about finance, live within your mean, save and invest in high quality assets will help you to achieve your financial goals much earlier than you think.
Thank you so much for your great support, encouragement, and being in my financial journey.
Disclosure: This post contains affiliate links, which means we may receive a commission if you click a link and purchase/service (at no additional cost to you).