August 2015 Passive Dividend Earnings

Earning passive income is really one of the best ways to earn money from the office, home, the store, or wherever you might be, because it comes in at all hours of the day no matter what you might be doing at any given time. Getting more and more passive income is one of my goals. I’ve started to buy stocks that provide me with dividends on a regular basis. I’m focused on stocks that have paid steady or increasing dividends over a period of years through all sorts of economic conditions.

In late July, I opened an account with Loyal3, which is an online source for purchasing stock. The platform is pretty cool because you’re able to become a partial owner in some really profitable companies like Apple, Coca-Cola, Nike, and McDonald’s without paying any fees. I’ve also recently opened another brokerage account with another outfit because Loyal3 only has around 60-65 companies from which you can purchase stock. If you want to branch out into a sector or company that’s not included, you have to do it with another broker. Regardless, one of my purchases from early in August paid a dividend after I bought in, so without further ado, here is my dividend income from the month of August:

Apple, Inc (AAPL)  $0.64

You’ve read this right. I earned a whopping 64 cents in dividends, which was a regular quarterly dividend of $0.52 per share. When multiplied by my 1.2313 share stake in Apple, you get 64 cents. This is admittedly a very small chunk of change, and many people might wonder why I’d even bother. However, I would argue that the journey of a thousand miles begins with the first step. Without the first 64 cents, the first $1,000 or $10,000 cannot be earned. Unless I put more money into Apple in the next couple of months, I’ll get another $0.64 in November. I also intend to build up positions in additional great companies with great products over the upcoming months and years while also adding to existing positions over time. I also intend to use my dividends to accelerate the purchase of additional stock. The goal is to have this regular income pay for some of my expenses when I hit retirement age in a few decades. The earlier I start, the more the admittedly small dividends will start to grow exponentially.

How many dividends did you get for not working in August?

Disclaimer: I am not a professional financial advisor. This site is for informational/educational/motivational purposes. Be sure to contact a certified financial advisor or accountant before making investment decisions. 

3 thoughts on “August 2015 Passive Dividend Earnings

  1. I am beginning to like stock investing. Unlike other forms of investment, stocks are one of the cheapest form of investment to get into. The best thing I like about stocks is that you earn two ways. You will earn from dividends and capital appreciation which is very nice.

    • cp913 says:

      It’s possible to get into stocks relatively cheaply, but to build up over time, you still have to add money periodically. This can come from new capital or the dividends that you’ve received from your ownership in companies.

  2. Love it. Documenting your dividend growth journey from the beginning. Stay consistent with your investments during all market conditions. Don’t chase yield, focus in the quality companies, which looks like you are by the names you mention in your L3 account and reinvest for faster compounding. In a year from now you’ll be amazed at your growth.

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