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Archive for July, 2012

Got Lucky with Some Passive Income

I wrote a little blurb about passive income over at Penny Thots explaining how it really isn’t all that passive initially as building a business or creating something does take a lot of work before the income becomes passive.  That is what happened for me online.  July has been a busy month with a week of vacation, catching up from vacation, and playing softball two nights per week.

As you may have noticed, I haven’t done squat this month on this blog and have struggled to keep up with the others (although I haven’t been doing all that well).  That’s OK, since I do feel that everyone needs a little break now and then.  Besides, I figure most people will be paying attention to the Olympics over the next several days anyway so I can gradually work my way back into the content creation mode.

Nevertheless, despite my lack of accomplishments (I last published here on July 2nd and mid-May on HubPages), I still managed to earn some money with the blogs and HubPages.  So by definition, I am considering the income passive and am thankful for what I was able to earn this month.  It is certainly not enough to quit my day job and become financially independent, but it is better than a stick in the eye.

Carnivals

Since I have been such a slug, I have failed to keep up with my carnival inclusions so I will be making up for that now.  I have four weeks’ worth of links so bear with me.  I also have over 800 articles in my reader and will skim titles quickly for the best ones.  When the weather gets cold, I won’t be wanting to get out for softball or golf so my online activities will increase again.

Anyway, here are the carnival links:

Carnival of Retirement #26  – CFM, GPM (CFM = Cash Flow Mantra, GPM = Grand Per Month)
Lifestyle Carnival #9 – PT, GPM (PT = Penny Thots)
Yakezie Carnival – CFM
Carnival of Money Pros – PT
Carnival of Financial Camaraderie #39 – PT
Festival of Frugality #343 – PT (ed. pick)  Oh, look.  We had the editor’s pick.  Guess it would help to read my e-mails too.  Thanks to Melissa at Mom’s Plans for doing all this carnival stuff for me.
Yakezie Carnival – CFM
Carnival of Personal Finance #369  – GPM
Totally Money Carnival #74 – PT
Financial Carnival for Young Adults #20 – PT
Carnival of Money Pros – GPM, PT
Festival of Frugality #345 – PT
Yakezie Carnival  – CFM
Carnival of Money Pros – CFM, PT, GPM
Totally Money Carnival – PT, GPM
Well, that gets me caught up.  Hopefully, August will be a little bit better.  I hope you are enjoying your summer and getting out and active despite the stifling heat and lack of rain.  At least, we haven’t had any softball games cancelled.
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Be the first to comment - What do you think?  Posted by Cash Flow Mantra - July 29, 2012 at 10:42 am

Categories: Earning   Tags: , , , , ,

Dividend Income Report for Q2 of 2012

I am really excited to write this dividend income report especially after having put together the numbers.  As you know (or maybe you don’t), it has been my goal to increase the dividend income coming into my retirement account and get familiar with dividend investing as a prelude to retirement.  It has been my belief that I shouldn’t be saving with the goal of living off my savings when I retire.  Rather, I plan on investing in assets that produce income and living off that income.

My goal for the first quarter was $1500 which I was able to meet.  For this quarter, that amount was increased by $300 meaning that I was supposed to make $1800 during these past 3 months.  I planned on being able to increase the dividend payments because I am moving from stocks that don’t pay dividends to stocks that do and increasing the amount that I have invested in those stocks by selling covered calls and using the proceeds to buy more stock.

First, check out the graph of the results:

 

My Dividend Income for Last 2 Years

As you can see, there has been a great increase since making a conscious effort to focus on dividend income.  You can also see that I met my goal of $1800 for the quarter.  In fact, I crushed it with $2143.23!  That is over $700 per month in passive income during a time when the stocks in my portfolio didn’t do all that well.

But it really doesn’t matter if the stocks do very well or not.  When it comes to retirement income, I am looking for solid companies that will be sending out a steady income stream.  I just need to make sure that the worst case scenario (company bankruptcy) doesn’t hurt the portfolio too much.  Otherwise, I should expect some ups and downs in the value of the portfolio, but consistent dividend payments.

Now this quarter, I have a goal of getting $2100.  It seems like that should be pretty easy, but I did get two dividend payments from Silver Wheaton during the quarter (not exactly sure why) and an extra small dividend from Seadrill.  Those payments will have to be made up with additional shares.  But I did add some Nucor stock which should help with that.  I am fairly confident that I can make it to my next target.

I can’t wait for the next report!

 

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24 comments - What do you think?  Posted by Cash Flow Mantra - July 2, 2012 at 6:30 am

Categories: Investing   Tags: , , , , , ,

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