#039 04/30/2014 -- April Dividend Income Update
Ahhh, the month of April. This will be among the most memorable income updates because we have exceeded $16,000 in forward annual dividend income! The manner in which we have surpassed the notional PNW green line will also be memorable because this is the first month ever where the income increase from “organic” dividend growth was greater than the increase from contributions to the portfolio!
As of the end of April, our forward annual dividend income stands at $16,185, confidently unlocking the PNW region of possibility space. This income, in conjunction with income from some retirement accounts (in the form of SEPPs, which will bring the total to over 20K/year), will enable us to pull the trigger in August.
This month the forward dividend income increased by $410. The awesome thing is that $247 came from companies that increased their dividends this month, such as IBM, Procter and Gamble, Exxon, Chevron, Wells Fargo, Apple, and Johnson and Johnson. Only $163 came from contributions that my wife and I made to the portfolio. Yup, the majority of our passive income increase this month was due to the mere fact that we’re owners of great businesses. I will never get tired of that!
This month we received $1217 in dividends. I reinvested some of that money, but the majority of it went to our Escape Fund. From this point forward we will channel our dividend income to our Escape Fund. We will also channel our savings toward the Escape Fund and other large expenses that will be coming our way.
Of course, we can keep on going plowing money into our portfolio and increasing our passive income, or we can keep on going and choose to become multi-millionaires, but we believe the time to live life on our own terms is now. We will be leaving money on the table in exchange for recovering our full lives. I just can’t wait to take a nap whenever the fuck I want.
FI beckons! The feeling is more palpable than ever.
Statistics: Posted by spoonman — Wed Apr 30, 2014 11:43 pm