It was a good year. I started it with a monthly dividend income of $86.16 and ended it at $131.18. I actually earned a little less in side hustle income than last year. And I did not complete my online surveys and tasks goal or my churning goal.
But I feel compelled to keep pushing. I set a goal of $200 a month in dividend income by the end of this coming year. I’m still working out the exact allocation, but if I don’t reconfigure my portfolio I don’t know how else I’ll get there unless I have a big windfall and I can’t rely on that. I’m beginning to consider tax implications as well.
Part of my strategy is buying more time. So, instead of weekly updates I will review my income and assets once a month. After 3 years, my goal of purchasing at least 1 stock a week is not necessary. The habit is ingrained. I’m betting that more time will allow me to earn more. I will also turn off the DRIP in my portfolio for now and purchase assets at the end of each month.
Happy New Year.