Monthly Dividend and Passive Income Update from November

Monthly Dividend and Passive Income Update from November

During the month of November 2014, I received several forms of ‘passive’ income, which I will detail below.  I’m hoping this number keeps growing, especially in the dividend department, as that is what this journey is all about.  I’m amazed at the numbers of my fellow bloggers within our little investing community produce month in and month out, which serves as proof of how effective continual investing and compounding are.  This journey is slow and arduous, but can produce amazing numbers over an extended period of time.  Without further ado, I’ll detail my passive income for the month of November. 

Dividends:

This month I set a new high (if you can call it that!), although that is expected with my paltry numbers with just starting out and finally some new buys are beginning to pay the first dividend in the next month or so.  I’m expecting my December numbers to be a little more respectable, but I’m really excited to see how it will turn out through 2015.  Three companies and a savings account at my credit union made dividend payments this month.  My largest dividend payment came from Apple Inc. (AAPL), which paid me $10.06 in a quarterly payment.  Secondly, Verizon Communications Inc. (VZ) made a payment of $1.92 for the quarter.  I received a quarterly payment of $2.07 from The Proctor & Gamble Company (PG).  My last dividend of the month came from my credit union savings account, as I received a $9.57 dividend payment.  I receive a monthly dividend from my credit union account, while the three above stocks pay out quarterly.  In sum, I received $23.62 in dividend payments this month. 

Summary:

AAPL:  $10.06

VZ:  $1.92

PG:  $2.07

Banking Account:  $9.57

 

Rental Income – Investment Property:

            This month I had no change in my income from my rental property, as it has been stable with an active renter that pays on time.  For the month of November, my net positive cash flow was $325.  This is the number after my management fees and mortgage payment.  This number can vary monthly, as some expenses may pop up for upkeep or if the house is not rented, etc. 

 

Other forms of passive income:

            Lastly, this is the catch-all spot, as I try to make the most of getting ‘free money’ if you will.  One example is my rewards credit card.  It is an area I fully take advantage of, as I use my rewards card for any purchase that I can to reap the benefits.  In November, I received $50.00 in cash back from my use of the credit card for the month, as I only used it for my everyday purchases and bills.  As a word of caution, I do pay my balance off on a monthly basis, so I do not carry a balance over and get hit with interest fees.  In addition, I use Swagbucks, so I was able to obtain a $10 Amazon Gift Card for its use.  To those unfamiliar with Swagbucks, it rewards you for certain actions, such as just searching the web, completing surveys, watching videos, etc.  It’s very easy to use and you can rack up some points fairly quickly just by using it to search the web, in lieu of yahoo or google, or using their links to sites, such as Amazon to make purchases.  I’ve been using it for quite a long time and usually average around $10 a month in free gift cards or try to save up for $25 in PayPal cash deposited into your checking account.  To anyone interested, here is a referral link, http://www.swagbucks.com/p/register?rb=12151636.  Once you are signed up, you can send the referrals to friends and family and receive a percentage of points based off their activity (I think around 10%).  For example, my wife is signed up under my account, so it’s a way to double dip, per se. 

 

Summary:

            Overall, during the month of November, I received $408.62 in ‘passive’ income, with the majority coming from my investment property.  I’m hoping to grow this number substantially, as I actively invest and build my dividend growth portfolio.  It’s not a huge number for sure, but every little bit counts!  Thank you for stopping by and please feel free to comment.