One hundred dollars may not seem like much to some, but a lot can be accomplished with one hundred dollars. With some thought and effort, it can be made to go a long way. In fact, one hundred dollars a month invested in the total stock market from age 20 onward would make anyone a millionaire. So I certainly don’t take that kind of money for granted.
This past week I earned over $200 dollars in beer money income, but I also received a few dividends. These dividends put me over $100 dollars in dividend income for the year. Since I began, my dividend payouts have slowly increased as I’ve purchased more and more stocks.
Here’s a breakdown of my dividend earnings so far:
Month | Dividends |
January | $5.10 |
February | $6.86 |
March | $8.99 |
April | $10.50 |
May | $11.73 |
June | $15.81 |
July | $16.18 |
August | $15.76 |
September | $11.94 |
TOTAL | $102.87 |
That total accounts for almost 3% of the income I’ve earned and invested in my portfolio this year. And with time, as long as I stay invested and keep reinvesting, those numbers will only grow. It will get easier and easier to hit my goal of $100 dollars a month as the dividends continue funding my portfolio.