Investing for income instead of portfolio growth makes it so much easier to set goals and track your progress.
Remember, the constant value change of your investments doesn’t matter. It’s all about the payouts. This should continue to go up as your shares compound. However, your numbers will change if you have any variable dividend payers or if a company cuts their dividend.
Goals For 2024
Our first goal is to hit $1,500 a month for 6 consistent months in dividend payouts. As of the end of August, we’ve successfully hit $1,500 in 5 of the 6 most recent months.
A few more of those and we’ll have reached our first goal for dividend payouts.
Our other goal is to get our condo rehabbed and sold so that we can invest the sweat equity into investments. This will dramatically increase our monthly income and will cover all of our living expenses giving us the freedom to hit the road and explore.