WHO MAY END UP A HOMEOWNER SOON?
More info to come at a later date. I’m pretty excited and will lay out all the cash & numbers once it’s completed.
It will save me about $200,000 in the long run if my math is correct.
INCOME = $0
EXPENSES = $1843.05
WHOAAAAA. I’m quite pleased. 😀
NET WORTH = $$506,737.70 or an increase of +11,384.98 or 2.25%
BABY BUN’S NET WORTH = $13,676.12 or an increase of $438.09 or 3.2%
As you can see I’ve upped my dividends game.
My capital has not changed, but my dividends have gone up by $300 a month approximately. I’ve been pushing my cash into dividend share purchases.
I need to make about $18,000 – $24,000 in dividends to live ‘bare bones’ style.
Ideally, I want $50,000 in dividends so that I pay $200 in taxes.
On average, I clear about $550 in dividends each month right now which is $6600 a year.
I need to make up another $12,000 in dividends and I can live off my investments with very minimal spending.
I’d need a capital of another $500,000 to make this happen.
It’d be neat to live off dividends or at least to have that as a plan B or C while I am not working.
For now however, I still plan on putting it on a DRIP to buy more shares until I actually decide to take the money in cash instead in 10+ years.
…and I am still going to work.