Tag Archives: Goals

Monthly Dividend Income: May 2014

My favorite post to write each month. 🙂 This is when I get to share all my dividend income for the previous month. These dividends are what I’ll eventually use to live off of when I become financially independent.

I share these figures along with monthly income/expenses to not only track my progress towards financial independence but also to hopefully show others that it is possible to get started with dividend growth investing with a low income. The hardest part is weathering the first few years of small dividend payments and allow the compounding snowball to get rolling.

Here is May’s dividend income from my 3 stock investment accounts: Roth IRA, Loyal3, and Taxable Brokerage. I automatically reinvest all dividends in my Roth and selectively reinvest dividends, combining them with fresh capital every month or two, in my other accounts.

Roth IRA

AT&T (T): $12.28-reinvested into .344 shares @ $35.67 per share.

Apple (AAPL): $6.75-reinvested into .011 shares @ $592.23 per share.

Realty Income (O): $2.82-reinvested into .065 shares @ $43.01 per share.

Kinder Morgan Inc.: $13.86-reinvested into .415 shares @ $33.36 per share.


No dividends this month.

Taxable Brokerage

AT&T (T): $18.86

Realty Income (O): $19.89

May Total: $74.46. A new monthly high! 🙂 Just by a couple bucks, beating March’s numbers. With 5 months down I’ve now received $294.70 for the year. I can probably now safely say I won’t be hitting my goal of $1000 in dividends this year but with projected annual dividends approaching 1k, I should be able to reach that figure for sure next year. Oh, well, as long as I am making progress. 😉


Full Disclosure: I am long T, AAPL, O, and KMI. This post is not intended to be a buy or sell recommendation on any stock mentioned and is designed to be used for educational/entertainment purposes only. Only you are responsible for your investing and I always encourage you to conduct your own research prior to investing. Please see mydisclaimer page for more information.

How was your May for dividend income (or portfolio gains for any growth investors)? Do you have any dividend income goals you are trying to reach this year?

What are you saving for?

Ok, so now we’ve hopefully got our finances under control by avoiding lifestyle inflation, and setting up a properly funded emergency fund. The next step is deciding on your long-term goals and the reason you are investing. Do you want to achieve financial independence early? Still retire in your 60’s but have more cash flow to travel? Save up for a child’s college expenses?

The answers to these questions are very important and must be considered when deciding to start investing. If you are in your 20’s and planning on retiring at age 65, you will be investing differently than say, a 40 year old preparing to send their oldest kid off to college in 5 years, or a 21 year old like me trying to reach financial independence by age 40.

Before you open a brokerage account and buy that first stock, take some time to figure out your long-term goals. Then you can create a plan for your investing actions that will allow you to achieve these goals. I’d recommend actually writing it down so it is more concrete and you can reference it later. This plan will keep you focused on achieving your goals through good economic conditions and bad. If you don’t have a plan, it is too easy to lose your way and get discouraged when you run into adversity (think 2009 recession 🙁 ).

Once you figure out your reasons for wanting to invest you can then start investing. I’ll be posting my investing plan that will allow me to achieve my long-term goals here soon.

What are your reasons for choosing to invest? Leave a comment below.

Financial Independence and Long-Term Goals

To me financial independence is about being able to live my life the way I want to you without having to worry about working every day to be able to pay my living expenses. It doesn’t necessarily mean I will stop working completely though. It just means that I won’t be forced into continuing to work beyond when I want to.

For me the perfect day of financial independence would be able to wake up on my own (no more 0330 wake-ups every day!), have breakfast, and review the news and some of my favorite personal finance blogs. Then do a little investment research for my portfolios, head over to my place of business to ensure everything is running smoothly (what type of business yet, I’m not sure, it’s still a way off 😉 ), and then spend the rest of the day doing whatever I feel like. There are several hobbies that I would like to try such as photography, woodworking, and focus more on writing. I’ve always dreamt of writing my own novel and being financially independent would allow me the time necessary to actually crack down and get it done.

So here are some of my long-term goals, including F.I., those that will take several/many years to accomplish. I will be posting my short-term goals for 2014 soon.

-Become financially independent by age 40 (2032).

-Open my own small business by age 30 (2022).

-Publish a novel.

-Take a summer (maybe a whole year?) once I’m F.I. and go on a huge road trip across the U.S to visit all 50 states.

-Complete my Bachelor’s in Business Management by age 30 (2022)-currently taking 1-2 classes per semester with 3 completed.

There, I’ve put them down in writing (and sharing for the entire world to see!) to hold myself accountable. I’m going to track the progress of all of these goals here on the SFZ Blog so be sure to bookmark the site and check it out regularly. Hopefully SFZ will still be around when I’m accomplishing all of these in the future ;).

What do you think of my long-term goals? Do you share any of the same ones and what are you currently doing to accomplish them?