Every month, I will post my personal net worth. With the usual bi-weekly paychecks, I was able to buy 4 positions, in such a way where I now evenly get dividend payouts 5x a month! 5 extra paychecks a month.. What a blessing.. Albeit the payouts are still small. The machine with the new additions and dividend reinvestments is spitting out roughly 19$/month, 58$/quarter & 234$/year. Nice bump from the 13$/month, 39$/quarter & 139$/year from last month when I first started.
My 401K had a nice bump from the 5% contribution the firm I work for pays quarterly ( ..F,M,A,N =].. ). I also touched a bit of my savings to invest more in these dividend payers. Can’t help it, it’s an amazing feeling knowing I own a piece of these companies.
I am actually thinking of purchasing a condo. I know, Real Estate is not the #1 asset class, but I am 26 and would like to have a place to finally call “home”. Can’t live in the rents house forever and I see a lot of people my age & older still doing so. My generation is kind of pathetic.
Shopping for a nicely kept 1B1BR condo under a 6 figure value, 15 year mortgage, in a safe area that has a shorter commute from where I am. With the low rates now, and with rumors of hikes in the future, if I can swiftly pay down the loan and lock down the rate, I can use the condo down the line as an investment to earn more passive income! Under 6 figure mortgage is doable with my salary IMO. With hard work, healthy habits, hustle and brain muscle, I believe this life can be nothing sheer of incredible. I will continue to push myself.
My personal net worth will be significantly lower (1st world problems) when factoring in the loan. But it’s personal finance for a reason; I want to leave my parents nest and spread my wings.. It’ll be tough to purchase as many stocks with all the new expenses, but I will, as always, do my best to continue buying up those amazing dividend payers.
We’ll see what June brings!