October Dividend and Passive Income Update!

13 Companies and 4 streams of income that paid me almost $12,500 in October. 

The first month of every quarter (January, April, July, and October) is generally lower than the third month for dividend income. Like always though, we’re out here making that moolah that is all that matters. Any income is good for the future!  

In October we had dividends/interest, Shopify, YouTube as well as options income coming into play. Let’s keep this streak alive and see if we can break $40,000 in income for 2020!  

Dividend paying stocks alone paid me just over $1150 in October. Payments from over 13 different companies, sometimes from the same company multiple times. This accounts for over 9% of the month’s income from non-working income sources.

Total Shopify income for the store after expenses came in just under $800, my half ended up being approximately $369. 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 3% of this month’s income.

Options income was better than September options income (started trading TSLA, INTC, PLTR options) and we were able to walk away with over $10600. YouTube came in just over $319. Options and YouTube accounted for 85% and 2.5% of the month’s income.  

Since the first month is one of the smaller months, 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.  

Options income continues to grow but I hope I can continue attaining approximately $4,000-$5,000 a month, reducing overall risk and capital exposure compared to this month. I may have gone full tilt this month, and got slightly above my risk tolerance and comfort zone.

See video below for more depth on the income for October.

Happy investing.

MattMoney

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