Wednesday, August 6, 2014

July Progress

I started tracking my monthly passive financial inflow just last month.

 My June passive income was $261.00

This month I bought shares of DRI, MCD and GSK.

I again received more than $100 in dividends! Total of $122.68
My dividend paying stocks were: WIN, ARCP, PM, NKE, KO, IGT, WFM.

 I earned an interest of $32.

 I earned $13.83 in points on my Discover card. 

 I got $10 gift card from Victoria Secret credit card, $10 from Palais Royal credit card, $15 rewards from Kohls and $10 from JCPenney.

My total financial passive income for the month of July was $209.67

 At this moment my goal is to have $1k in passive income from dividends and other financial institutions.


This month's pleasant extra - a free new door! :)

My front door desperately needed repair or replacement. I happened to do bookkeeping for a door company. After long discussions we decided that I need to buy a new door instead of repairs. I decided to  buy one of the doors at the shop ($1200 value) at 50% discount with a labor cost of $275 for me. 
It took me a while to accept this price. 

Well, at the end when I came to my client with a checkbook to pay, I had a very pleasant surprise from him. He charged me only $275 for labor and said that he wants to give me a new door as a bonus for my good job I perform for him. I was very happy. :) 



Labels:

8 comments:

  1. KippAugust 7, 2014 at 4:52 AM

    Hey HHWG,

    Cool story on the door! Question on those gift cards... are they rewards from your credit card or just promotions? Not sure if I would count that as passive income being you are restricted to using it at just those retailers, but if cash was an option instead then that makes sense.

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    Replies
    1. Happy Healthy and Wealthy GirlAugust 16, 2014 at 5:37 AM

      Kipp, I have a teenager daughter, so anything count toward shopping... :) I opened these accounts on purpose, so I can use rewards cards for shopping.

      Delete
  2. Roadmap2RetireAugust 7, 2014 at 9:46 AM

    Congrats on the passive income, HHWG. Enjoy your income stream and let it snowball for the future

    R2R

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  3. A Frugal Family's JourneyAugust 12, 2014 at 7:13 AM

    Congrats on progress towards your $1,000 passive income goal. We also recently picked up shares in MCD. A solid company with int'l exposure and at an attractive price right now. Keep up the great work! AFFJ

    P.S. a free door here and there always helps the investment budget! ��

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    Replies
    1. Happy Healthy and Wealthy GirlAugust 16, 2014 at 5:39 AM

      thanks for stopping by! yes I like MCD now. I am in Russia right now. Sometimes ago I read some news that some Macdonalds were close here but apparently it was not true and they are still here! :)

      Delete
  4. My Dividend PipelineAugust 12, 2014 at 2:55 PM

    HHWG,

    I am definitely lovin' the MCD pick! Good work and keep going with your monthly investing.

    MDP

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  5. DivHutAugust 13, 2014 at 12:10 AM

    Thanks for sharing your recent dividend income update. Over $100 in dividend income is very good. Like you my first major goal is to achieve $1000/month in dividend income. Keep up the good work and look forward to your next update.

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  6. Captain DividendAugust 16, 2014 at 9:58 PM

    Nice purchases this month especially MCD since it's been beaten down badly in July. Your new door looks fantastic. I wish mine looked that good. I live in an older house and it still has the original door. It's weird cause the doorknob is like over a foot away from the edge of the door where it should be. One day I'll replace it.

    Best of luck,
    CD

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