Lanny's June Dividend Income Summary
Another month towards financial freedom. Can you taste it? I know I am starting to. However, though sweet the taste this is, it'll be very "sweet" once the dividend income trumps all expenses in a given month. We are not quite there yet, but in time, this will happen. Proof has been in the pudding, as you've seen throughout the years of writing articles, and May is no different.
Dividend Income I received a total of $2,040.17 of dividend income in June. A record June, baby, and glad that I nudged over the $2k hurdle! Additionally, my wife earned $675 this month and I am still debating on how to incorporate that into the analysis, which I don't mind this problem, right? Therefore, combined, we earned almost $2,715 for the month!
Further, the 401(k), Health Savings Account (HSA) and all dividends are automatically invested/reinvested and help take the emotion out of timing and making a decision. The dividend reinvestment adds quite a bang to the portfolio, as well. Through these 3 months within the 2nd quarter, my dividends being reinvested have added $122 (April through June) to my forward dividend income.
Here is the breakdown of dividend income for the month of June!
Retirement account income takes the crown here, overall. Look at Vanguard's [VINIX] and [VGK], two massive checks totaling almost $800. The VINIX is from my old 401(k) plan with my previous employer. VGK is an ETF I have owned for a significant long time and simply does its thing.
In addition,... Read more