Hi want to retire early. I want to retire rich. In fact, I’d like to quit the rat race and quit my day at or before my 45th birthday. In order to reach my goal, I have to diversify my sources of income and slowly replace my salaried income by passive income.
My goal is to create passive sources of income generating at least 24,000$ within 12 years. I currently have a forward annual passive income for 2015 of at least 1100$ per year.
Let’s see what were my results for this month :
In order to reach my goal, my main focus is to invest in good quality companies paying growing dividends year after year. I seek to get at least an initial dividend yield of 3,5% at the moment of purchase and a dividend growth of 8% per year to make sure I protect my assets from inflation and also that my income will grow with time.
In september, I have received dividends from 9 different companies. I currently own shares of 15 different companies and my goal is to have a diversified portfolio of at least 30 to 50 stocks.
|COMPANY||TICKER||DIVIDEND ($ CAN)|
|Johnson & Johnson||JNJ||4,50$|
|American Realty Capital Properties||ARCP||9,91$|
September was a great month for me. It is my first month ever during which I received more than a 100$ in regular monthly or quarterly dividends. I also reached a milestone, more than 1000$ in forward dividends. I could stop investing right now, and I would still continue to receive 1000$ per year and this income would continue to grow by itself through dividend raises and dividend reinvestment.
I also had an interesting month with my online income. Since July, it seems that my online income is slowly picking up. I earned 20,12$ in July, a wonderful 92,91$ in august and 60,31$ in september. I don’t consider that “income” granted though. It might only be due to chance… even though I’ve worked hard on my blogs. I can’t wait to see what this income will be in 6 months!
|Company||Income ($ US)|
Overall, I have 169,59$ in passive income and online income this month and I’m pretty proud of what I have achieved in less than a year!
How was your september sideline or investment income?
[author] [author_image timthumb=’on’]http://quityourdayjob101.com/wp-content/uploads/2014/03/ID-10050051.jpg[/author_image] [author_info]Hi, my name is Allan. I’m the masked blogger. Like you I’m a modern slave, prisoner of a 9@5 job in Corporate America. They told us when we were young that we would live in a society of leisure and that technology would permit us to work only a couple of hours per day. But we live in a society of stress and uncertainty. My situation could be a lot worse and I know it. So many humans are suffering on this planet. But a golden cage remains a cage anyway. At least, I have an escape plan. I will retire before 45 years old over my passive income. This is a dream that is so powerful that I will make sure it happens. To build my wealth, I mainly invest in undervalued dividend growth stocks. [/author_info] [/author]
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