October 2022 Dividend Update
October has come and gone, the days seems to be going os quickly and running on the hamster wheel surely contributes to that. That is my primary motivation to get out of the rat race and focus on my family and wellbeing enjoy life. To that end I buy high quality dividend paying stocks and invest in real estate to build passive income to cover my expenses so one day I can run away from the rat race and live the life in my own terms.
So let us review last month dividend accumulate passively and see where we are currently in time to achieve Financial Independence (FI). I don't really consider there Retirement Early (RE) part of FIRE as a goal. I envision my self working either on my property or some other field which can allow time for work life balance.
Without further ado here is what we collected last month. A total of $522.49 in passive dividend collected for the month. It is breakdown between taxable accounts and tax advantage accounts.
On the Taxable accounts we collected $461.20 in dividend income and on our tax advantage accounts we collected $61.29. This is because most of our retirement account is invested in the Thrift Savings Plan (TSP) accounts as a federal employee I will also collect a modest pension which most likely will de defer until later.
On our Real estate venture we have decided to collect from property #1 $695.00 and from property #2 we collect $542 which is a total of $1237 in monthly passive income, this will total $1759.49 in passive income for the month.
the dividend is being re-invested monthly, although I stop automatic reinvestment and focus on buying beaten down stocks I hold. With the market down as of late I may sell some for tax harvesting to save on tax before year end.
How did you do last month?
Did you had a good month last month?
Thank you for visiting,
Disclaimer: Long on all stocks listed
Disclaimer: I’m not a licensed investment advisor and not an investment professional. This site is only meant for educational or entertainment purposes only. I’m not liable for any losses suffered as a result. Please consult with an investment or tax professional before investing any of your money.