I've been documenting my own path to financial freedom through the dividend income since January 2017.
When in July 2018, the little Fischer baby girl was born - without any thinking I started to invest for her future by investing in high yielding dividend stocks.
I come up with a plan to build a high-yield $10,000 child investment portfolio by the time she will turn 2. (July 2020). Right now we are looking at $80-$100 monthly dividends by the time baby will turn 2.
Fast forward to September 2019, and we have already invested $8,227.85 in 10 great dividend stock paying companies.
Our child's portfolio dividend income now has as TTM at $750.84, giving daily $2.06 and hourly 0.09$.
On the average portfolio generates $62.57/mo
Without adding a dime any more to the portfolio it could reach $12,576.57 in dividends by the time our baby girl turns 18, with added base principal it could be worth $20,804.42 in July 2036. But we are not looking to stop here.
Last September baby girl earned $103.59 in dividend income, that is 39.78% from our total dividend income, see: September 2019 Dividend Income Report - $260.36
Dividend Income September 2019
In total there were 7 great companies paying us dividends in September, that's 6 companies more than in September 2018
Last month I was using dividend capture strategy to boost a bit this month's income. I wanted to catch PEI and WPG dividend but some trader outsmarted me with WPG and I was left only with PEI.
The YOY growth rate for child dividend income in September 2019 was + 1371.45% or $96.55 more than a year ago on September 2018. The growth rate is just awesome.
We have been tracking dividend income for the baby since August 2018, that's already more than a year of data. Looks quite impressive.
Monthly Income chart at the end of September 2019
The cumulative earnings for 2019 now are $341.57 which is exactly 93.58% from our goal for 2019 to reach $365.00.
On average, it would ask us to generate $7.81 every month for the next 3 months to reach our goal. It should be cracked next October!
Goals for September 2020
This is my favorite part of the reports - trying to forecast/set goals for the next year.
When setting goals for September 2020 - I will be quite optimistic - we are looking to crack $160. Hard, but doable. We are hoping to get there by adding more US monthly and quarterly dividend-paying stocks.