Dividend Increase Brings Me Close to a Major Milestone

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I just got word earlier this week that one of the companies that I own announced a dividend increase. AT & T continued its recent pattern of increasing its dividend payout by a penny a quarter. While this might night sound like much, it will add to my stash over time.

I currently own 75 shares of the telecom giant, so this increase in my dividend increase will be a whopping $3 annually. This is not much. I might be able to buy a coffee at Starbucks if I actually drank the stuff.  It won’t buy me vanilla bean frap, but what it will do is add to my stash.

That $3 will either go to more shares of AT & T if they become cheaper again, it it will go to another company. The companies or funds that I own all pay out dividends. The money that they give me at this point all gets rolled into more shares that pay more dividends. It truly is a virtuous cycle that I hope will add to my retirement income. It may even help me retire a bit earlier than most folks.

My Dividend Increase Brings Up Passive Income

This dividend increase brings my estimated annual dividend increase within about $3 of passing the $600 mark. I’m now really, really close to having an average of $50 come in each and every month for doing pretty much nothing.

The $50 will not come in like clockwork, as some months I’ll get much less than $50. In others, I’ll get more. The average is $50, though. My hope is that within a couple of years, I’ll pass into the three-figure average per month. I’m still waiting on getting $100 in a single month, but that should roll around pretty soon.

The snowball is starting to roll, and I like it. 

A dividend increase is building my passive income snowball

I’m nowhere near currently funding my lifestyle with passive income, but it’s a start. Passive income really is the best form of income that there is. Every dollar that I can get passively is a dollar that I do not have to actually go out and earn from work. The more I get, the less reliant on hard work I am. If I continue to work, I’ll just have that much more to save and build up my passive income. Like I said above, it’s a virtuous cycle.

Just a little more than two years ago, my estimated dividend income was basically $0. I rolled over a 403b account into an IRA that I control and added more capital over time. So, it’s basically $0 to $50 in 2.5 years. The acceleration is a little slower than a sports car, but unlike a sports car, this actually brings money to me. Buying a sports car takes lots of money. There’s no question of which concept is better.

How is your passive income going? Let me know in the comments.

Reviews Of Money-Making Sites

If your budget is tight, you might wonder how you can get money to save. There are options. Here are a couple of reviews that might help you decide which sites might work for you:

Earn Cash and Rewards with Swagbucks
Swagbucks is my favorite site to use to earn money. If nothing else, you can make money from searching the web. I’ve made more than $2,100 from Swagbucks alone.

Earning Money In Pajamas With GiftHulk

My Ibotta App Review
I use this when I go shopping. You can earn $10 for signing up with my link and getting your first rebate within a week. With cashouts starting at $20, you’d be more than halfway to redeeming for some PayPal cash!

Keep Up With My Progress

If you’d like to follow my progress each month, be sure to go to the top of the page and sign up for updates. You can also follow me on Twitter.  I’m nearly up to 350 followers, and I appreciate any support you might choose to give.

Also, if you could share this latest update below via Twitter, Facebook, or any other social media platform, it would be much appreciated. I want to inspire others to improve their finances and show them some easy ways that they can do so. Just click on the “Share This” link at the bottom of this post!

Disclaimer: This site has affiliate links. If you decide to sign up with one of these affiliate links, I may be compensated. I appreciate any support you might provide. I’m long AT & T (T).

5 thoughts on “Dividend Increase Brings Me Close to a Major Milestone

  1. Hey, this is the beauty of dividend investing. $3 may not seem like a lot. But now you increased your DRIP each quarter and you increased the impact of next year’s $.01/share quarterly increase from T. I’m pumped that you are on the doorstep of a milestone here and I’m very, very excited for you. Keep up the great work and December is going to be a very fun dividend month for us all. Take care,

    Bert

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