I have been tracking this since 2022 when I first started investing in dividend stocks, it has been 2 years since.
Dividend investing has taught me a skill which is the discipline that many of us have but seldom use. We might come out with reasons and excuses why this can’t be done or that can’t be achieved. But as I started investing more into dividend stocks, I saw the effort vs reward and decided that this was for me.
In 2022, I ended the year with $593.15 in Dividends and this was tracked every month which helps me see my passive income stream.
2022 Dividend Income
I did the same for 2023, but because I was unemployed for a while in 2023 due to retrenchment, there wasn’t much income for me to invest. And this was something that I regretted. Because if I had continue what I was doing on a monthly basis, this would have grown my investment quite a bit and ultimately help me increase my dividend income as well.
So in 2023, I ended the year with $613.13. This is 3.2% increase from 2022, it just slightly beat inflation.
2023 Dividend Income
Now we are in Q2 of 2024. In the blink of an eye, January, February and March has passed. But this year, I committed to consistently invest in my stock portfolio and increase my stack of stocks & ETFs, so it can help increase my passive income and ultimately bring to a point of F.I.R.E.
As I’m writing this, we are at $359.71 Just for Q1 of 2024. And I have a goal to hit $1,000 in dividend income for 2024 which will enable me to move up to the next stage of reaching $2,000 a year, $3,000 a year and so on, until I hit daily expenses. By being able to cover my daily expenses with my dividend income, will enable me to do more things with my time!
2024 Dividend income so far
We are $650 away from my target and we have 8 more months to go. By sticking to my plan and consistently investing, I’ll reach the set goal!
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