The last month of the year. A month filled with parties, holidays, joy, reminiscing and hope for things to come in the new year. Its always nice to take a look back over the year and see what you had accomplished and its also a great month for dividends!
This past year was an emotional roller coaster for our family but things are starting to go in the right direction. 2019 could be shaping up to be a phenomenal year for us and I cannot wait for things to come.
As for the dividends in December - they did not disappoint! So lets see where things landed...
Unreal guys! At the start of 2018 I would have never thought I'd get back to almost 4 figures in dividend income in one month! Obviously the big payouts were from the 401K mutual funds but that's what happens when you max it out every year. The payouts start getting huge!
This years total was up from $303.59 last year. A huge $650 gain from last year!!!
The total for the entire year was $4,620 - up from $2,750 last year or roughly a $2000 gain!
These numbers are staggering considering my wife is a stay at home mom and we are living on one income. It truly shows that if your level of spending is significantly lower than your income (a high savings rate) you can do amazing things financially.
My wife was truly something special with regards to spending this year. This year we hit the least amount of spending in our lives with right around $30,000 for the whole year. If you have been a long time reader, you know that we no longer have a mortgage so our expenses are truly just $30,000 for the whole year. That includes taxes, insurance, vacations, everything.
If we could add just 2,000 more per year in dividends each year, we are looking at 12 years to retirement free and clear. That is without yearly dividend increases or reinvestment as most of this years increase was due to purchases. Once the snowball gets rolling again it will become a formidable force.
Hope you all had a great 2018 and wish you all the best for 2019!