May 2023 – 1099 Dividend income

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Documenting our personal financial journey.

All of The MillennialFI content is intended for educational, informational, and entertainment purposes only, and is not to be taken as legal, financial, investment, or tax advice of any kind. Please consult a licensed financial advisor, certified financial planner, certified public accountant, or tax attorney before undertaking any investment or tax strategies for your specific situation. You are responsible for all of your decisions. Disclosure

In may, our level of dividend investment dwindled as we suffered a minor income set-back which you can read more about in my post covering predatory employers and had to adjust our budget to protect our net worth. However we’ve still managed to grow this investment/income category!

This time April 2022 we were earning maybe $25/month in dividends. After selling the house in April and re-deploying the funds we’re were set to average $641/month. That’s a good deal if you ask me! Besides REITs, we’re also in some choice 4%+ dividend stocks. Note: I will not release what exact investments we’re in because it brings up a whole new can of legal worms that I refuse to deal with.

Remember to work smarter, not harder

YTD Dividends
Estimated Yearly Dividends (growing via monthly investment and compounding dividends)

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