An interesting start to the new year for sure! I am happy to report I got a raise and promotion at work!
After 6 years I was promoted. I would have gotten it earlier had the pandemic not intervened and slowed things down, but that was beyond my control.
Basically, my job remains the same. I just have a new “higher-up” title.
Nevertheless, I am well aware I am still just a cog in a machine that can be let go by my employer at any time.
I have no illusions there. The truth is when you climb up someone else’s corporate ladder you can be kicked off at any time.
My job is just a job. I have a life and identity outside my job.
More Money, More Savings, and More investing!
The title is of much lesser importance to me than the pay raise.
The pay raise was $6,000 which is basically $500 a month before taxes.
Sadly, here in the People’s Republic of New York, after taxes that comes to roughly $330 per month in extra income.
Nevertheless, I was already saving over 50% of my monthly income before the pay raise.
Any additional income is like adding gravy on top! All this means is more money I can save.
Therefore, more money I can invest is assets such as dividend growth stocks!
I planning on keeping my spending that same as prior to my raise, which means no lifestyle creep is looming!
Conclusion
And there you have it! I got a raise and promotion!
This will help speed up the journey to financial freedom!
They say my new title gives me a more “permanent” position within the office (I don’t buy it).
Ironically, since I am investing all the extra money, I am actually speeding up the process of leaving my 9-5 job! Hahaha.
Over the years, I’ve built a six-figure portfolio that generates a yearly average of over $1,100 per month in dividend income!
That is passive income that I earn while I sleep!
If you are interested in beginning your own journey into dividend growth investing, personal finance, and financial freedom, check out my Getting Started page.
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