August Dividend and Passive Income Update!
15 Companies and 4 streams of income that paid me almost $2200 in August!
The second month of every quarter (Feb, May, August, and November) generally lags in terms of total income compared to the third month of the quarter – yet we’re still out here making that money, that that is all that matters. Any income is good for the future!
Continuing from last month we continued our options income as an additional stream of income. So now we have dividends/interest, Shopify, YouTube as well as options income coming into play. Let’s keep this streak alive and see if we can break $30,000 in income for 2020!
Dividend paying stocks alone paid me just under $1000 in August. Payments from over 15 different companies, sometimes from the same company multiple times. This accounts for over 40% of the month’s income from non-working income sources.
Total Shopify income for the store after expenses came in just under $1100, my half ended up being approximately $529. This also was a combination of two sites, www.thechartmaster.com and www.passiveincomeeducator.com. With a lot of focus lately going to Passive Income Educator as Kyle and I continue to expand on our services and offerings to kick start new investors up the learning curve. Shopify accounts for approximately 24% of this month’s income.
Options income was not as good as the July options income (lower volatility) but we still were able to walk away with over $300. YouTube came in just over $320. Options and YouTube accounted for 14% and 10% of the month’s income.
Since the second month of the quarter is generally pretty low, I hope in the future we never have below $1,000 in dividend income in a month again. I add a lot of capital to the portfolio so as long as there are no dividend cuts in the future, I think we will be okay.
See video below for more depth on the income for August.