Documenting Monthly Dividend Income

Dividend Income Fund Projection - October 2019 | Monthly projection detailing total dividend income expected over 12 months.

Dividend Income Fund Projection – October 2019 – $608.34

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Total passive income from my dividend income fund is now $608.34.

The portfolio will generate $608.34 from January to December without adding any new capital.

Overall, the portfolio consists of 14 different stocks to generate this income.

$608.34 adds up to $18,250.20 in 30 years without factoring in dividend raises.

Dividend Income Fund Projection – October 2019: The Pace of Growth will be Slower moving forward.

Obviously, the dividend income fund needs to be at least 10 times $608.34 to even remotely consider not working. Hence why I’m working a part-time job at the moment.

It allows me to work less so I have more time now, which has been amazing btw. The downside is that my income is less consistent. It has worked out well so far, as I’ve been earning more, so I can’t complain. To say I’m enjoying the part-time lifestyle is an understatement. However, it will result in brief periods of lower income. At least during these times, though, I will still be able to invest because I’ll have cash flow from my dividend income fund and from blogging.

Additionally, even if my dividend income is moving forward slower, it’s still moving forward. All that matters is if I’m earning enough to support the lifestyle I want (I probably need more lol), and that I’m earning enough to grow the dividend business. If those two criteria are met, and I’m happy with life, what’s wrong with building the dividend business over the next 30 years…

In short, I’m trying to say: I’m fine with a slower pace if life is as good as it is rn.

As long as I still have the Challenge | Income Fund Watchlist: MO & SBUX

Of course, I want to build the dividend income fund faster because I enjoy dividend investing. I enjoy the consistency and predictability of it, and I enjoy the process of analyzing companies and creating your own mutual fund. There are so many companies that I want to own that I don’t currently own. My stock watchlist is like a collection.

As of right now, I am mostly keeping an eye on MO and SBUX. Those are two U.S. stocks I’d like to own. I really want to build up my U.S. investment portfolio, because it’s much smaller than my Canadian side. The exchange rate has made it challenging.

Anyways, the point is that I enjoy dividend investing. As long as I have the challenge of growing the dividend business, and if I can keep collecting all the stocks on my watchlist, I can be comfortable working part-time.

$391.66 until this is $1,000 Annual Income Fund – 2019 Income Outlook

The dividend income fund is $391.66 away from generating $1,000 annually. My ultimate goal is to generate $18,000 to $20,000 from dividend income annually.

Based on my new job and the flexibility it provides, I may never stop working. That’s even if my dividend income reaches $20,000, because of the benefits and extra income the part-time job provides. I might’ve stumbled onto the perfect lifestyle.

Moreover, I have included the projection for the remaining 3 months of 2019 above. Since the portfolio has already earned $411.79 to date, $564.83 is the lowest amount of income expected by the end of 2019.

Concluding Thoughts – Dividend Income Fund Projection – October 2019

With approximately 1 month of part-time work in the books, it has become apparent that dividend income growth may slow due to less money being saved.

However, the flexible lifestyle provided by a part-time job is so great that it may be worth it. Perhaps a more normal career life of working until 55 is possible with a part-time job. That would provide an even longer time frame to build the dividend income fund.

In conclusion, this has been the 22nd forward dividend income projection on RTC. The dividend income fund now generates $608.34 per year from owning 14 dividend paying stocks. Thanks for following the progression of my main passive income stream.

I am not a licensed investment or tax adviser. All opinions are my own. This post contains advertisements by Google Adsense. This post also contains internal links, affiliate links, and links to RTC social media accounts.

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