dividend

Building A Dividend Portfolio For Passive Income

01.09.2013
building a dividend portfolio for passive income

One of my financial goals for 2013 is to generate $18,000 from passive income. This isn’t going to be easy because last year we only made $7,742 last year from dividend, rentals, peer to peer lending, and interest. However, the total was pulled down quite a bit by the rentals in 2012. I’m pretty sure 2013 will be better, but it is still a tall order to hit $18,000. Dividend Income Let’s look at dividend income today. In 2012, we generated $6,791 in dividend from our taxable account. For 2013, I’m hoping to generate around $9,000 from dividend. That’s a [...]

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Our Money in 2012

01.04.2013
How we did financially in 2012

Now that 2012 is over, let’s take a look back and see how we did financially. I have been keeping track of our income and expenses over the last 2 years and it’s quite illuminating. If you’re not doing this for yourself, you should try for a year so you can see where all of your income goes. Savings Let’s start off with savings. We had a few months of setbacks due to the rental properties, but overall we were able to save $13,191. Most of the extra money went into the 529 plan for Baby RB40 and I invested [...]

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Early Retirement Draw Down Strategy

07.30.2012
early retirement draw down strategy

Early retirement is a double whammy to your retirement savings.  Making your money last through retirement is not easy and it becomes much more difficult if you retire early. Quitting your job and taking an early retirement means less time to save AND more time to spend. Let’s look at some numbers here. We’ll keep it simple and use the life expectancy of 80. We’ll also assume $30,000 per year in expenses. We’ll ignore inflation and investment returns in this post. Roy – Regular retiree Alex– Early retiree Bob– Retire at 40 Age of retirement 65 55 40 Years in [...]

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Passive Income will lead to Financial Independence

03.28.2012
passive income leads to financial independence

Financial Independence via Passive Income What is Financial Independence? It’s simply a state where you don’t have to work anymore if you choose not to AND you can still take care of the bills. How does one get to this Financial Independence utopia? Especially since most of us work for 30+ years and still have a difficult time funding our retirement. Being Frugal Being Frugal is the first step toward financial independence. It doesn’t mean you have to eat rice and beans every day. To me, it’s just spending way less than you make. If you make $200,000+ per year, [...]

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