$50,000 in Lifetime Dividends

I am happy to report I have surpassed another milestone: $50,000 in Lifetime Dividends. That means all the dividend income I received over the years has added up to an amount over $50K. I have been actively investing for 7 years now (time really has flown by). Each year, my dividend income has increased steadily. Over the years, I reinvested every cent of that $50,000 back into my portfolio with new stock purchases or by adding on to positions I already have. Thus, I have watched that snowball continue to get larger and larger. Dividend growth investing truly does work!

On another good note, I will be receiving a tax refund this year from the federal government. When I subtract what I owe to New York State (unfortunately, this is a high tax state), I end up receiving a net $181 in refunds.

This is important as I previously posted on how my apartment building board raised our rents by 10%, but to make matter worse they added an addition assessment fee for 6 months. That assessment fee adds up to an addition $106 per month added onto my rent. Thus, effectively the equivalent of a 20% increase to my rent even though it is temporary.

Nevertheless, the summer months are my most expensive months due to higher energy costs and that my home insurance bill due next month. So, I will be in a tighter financial squeeze until September when the assessment fee ends. If I divide that tax refund in half, then I would have $90.5 for July and $90.5 for August that can be put towards my electric bills. Based on my bills from previous summers, that should cover most of my electric costs for those two months.

The summer financial squeeze just lessened a bit. Aside from my allergies hitting hard at the beginning of May, the temperatures have been quite nice around here. The fact that face masks are pretty much becoming obsolete now makes experiencing the outdoors all the more enjoyable. I think we reached the light at the end of the tunnel. Anyways, here are two pictures I took on my first beach trip of 2021 earlier this month:

And with that, I must say it is great to clock in another milestone. $50,000 in lifetime dividends is awesome! The next mark for lifetime dividends is $100K which I will reach a lot faster based on the rate the snowball is growing. As of this post, my portfolio is set to generate $11,360 in dividend income over the next 12 months. I am aiming to hit the $12K mark in annual dividend income by the end of this year. I will continue to build my dividend dynasty!

So, are you guys gearing up for summer? Do you also keep track of all the dividends or passive income you received over a lifetime? Let me know in the comments below!