The Weekly Investment

Dividend Investing

June 1, 2016 Net Worth Update

4 Comments

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Hello, June is finally here and with it is warm weather and sunny blue skies. 🙂  I was able to maintain my goal of adding $2000.00 to my brokerage account in May and my net worth rose $4504.46.  Most importantly, my dividends for the month of May totaled $423.04!  It is still hard to believe.  I also found out some very good news.  I am able to transfer dividends from my Roth into my brokerage as long as the amount does not cut into the original amount that I added, which will never happen!  This is good news because I did not factor in my Roth dividends to help pay my monthly bills since I thought I had to wait until age 65 to access them.  But this is not true.  And even more exciting is the fact that my bills, excluding food and gas, total $570.00 per month!

I have also happened upon  my own little mantra where I state “This is part of my early retirement scheme”, whenever I buy a new appliance, attempt adjustments to my work schedule, research new ways to live frugally, or just about any other life decision.  I do this because I am so focused upon retiring early that I have subconsciously developed a “retirement nesting instinct” that guides me in the direction that will be the most likely to feather my nest comfortably.

From this point forward I believe that the more expensive financial decisions that I make will, for the most part, be some of my last since I will be living on a fixed and lower income in partial retirement.  Because of this I am attempting to work hard and purchase what I call “Large Ticket Items”, while I am still working.  A few items I will need to buy before partial or full retirement are a digital camera, dishwasher, refrigerator, window treatments, floor repair,  and hardware for my kitchen.  These items do not seem too unreasonable but they are a big deal to me and I struggle with purchasing them because I would much rather purchase dividend stocks.  But I need to have the items under my belt before retiring.  I speak of retiring somewhat nonchalantly, as though I could retire tomorrow.  I know I only have a very small dividend income stream but my survival instinct is kicking in telling me that I WILL retire soon, it is not even a question any more, I just will, I have to.  My experience has taught me that working for an employer past the age of 40 is a bad idea.  I am 42 and so thankful for my job but the daily grind is more challenging after 40!  My advice to most people would be to  avoid the daily grind after 40 if at all possible.  I am not opposed to working, just working a 9-5 because, being over 40, I fight the physical demands everyday.  I would also much rather spend time at my house.  I have endless tasks to  keep me busy there.

Over the past week I have been purchasing more items than I usual since I do not like to accumulate stuff.  When I retire early I realize I may not have the funds to allow me to travel so I am setting up my townhouse area as nicely as I can in order

to give it a “vacation like” feel.  I am a new homeowner so this is all new to me.  Some of my purchases include a 7.5 foot sky blue patio umbrella, numerous flowers, a bird feeder, and patio lights!  I also gave in and purchased a Roomba 650 which is one of the best decisions that I have made.  The Roomba cost $374 but with a few discounts I paid $320, I hope it lasts me for the rest of my life.

So what do you think?  Am I creating the “vacation like” atmosphere?  🙂  Let me know… have a good day!

 

 

 

 

 

 

Author: weeklyinvestment

Hi I am 43 years old and started dividend investing in 2015 at the age of 41. This blog provides an example of portfolio changes and dividend growth and compounding. It is very exciting to witness the changes on a weekly basis. My goal is to partially retire within the next three to five years by living frugally and building up my portfolio into a mini pension to supplement and support my frugal lifestyle. I am interested in vegan food, biking, music, exercise, nature, photography, gardening, writing, travel, and investing. I daily wish to be able to have more time to do these things yet I am sadly torn away as I head off to work each day...

4 thoughts on “June 1, 2016 Net Worth Update

  1. Congrats on a great month. Adding $2,000 a net worth increase close to $5k must feel good. Keep up the good work.

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  2. Love your blog! I’m about the same age and also dream daily of moving away for the daily 9-5….which is more realistically 7.30 – 7.30 +++++ 😔. You just get tired once you hit 40!!! I really like how you have developed a structured approach to breaking free and I will take inspiration from this. My only advice?? Treat yourself to a beautiful bunch of blooms along the way to make you smile or better still, and more inline with your ethos, grow your own – much cheaper and a lot more satisfying.
    BTW – I think you have done a great job in creating the vacation feel. Your photos are beautiful! 🌸
    Looking forward to the next update!

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    • Hi, thank you for the feedback. I really appreciate it. I have really grown to appreciate flowers and for the reason that you mention above, they help me to smile along the way. I love creating the vacation feel, outdoor lights really help with this. I do have a structured approach to breaking free, and also for what to do once I get there. This includes gardening, photography, and writing, most of which I hope to capture on the blog. Have a great day!

      Liked by 1 person

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