At the beginning of 2014, I was hoping to receive $50,000 income from dividends and option premiums. In the near future, my employment income will cease to exist. When that event occurs, I believe I could easily live off $50K without the added stress of following a budget and cutting expenses.
I was very surprised at my 2014 year end total. I travelled during the month of February, resulting in a significantly lower monthly income than that of the same month in the previous year.
I am not expecting or striving to increase my income every year. I do not set financial goals or strive to improve my investment account. I make decisions based on the markets and my investment style at that particular moment.
The following is a list of income received from dividends and option premiums from January 1 - December 31, 2014 compared to my 2013 monthly amounts.
Month Income
2014 2013
January $4,872.20 $2,209.51
February $2,588.47 $3,584.04
March $7,822.85 $4,349.08
April $6,572.66 $2,773.01
May $10,957.65 $6,714.43
June $7,501.89 $4,880.82
July $4,422.76 $4,578.39
August $6,456.15 $4,262.48
September $11,729.36 $5,721.62
October $8,002.79 $2,886.07
November $6,514.59 $4,701.58
December $7,639.35 $3,367.35
Total $85,080.72 $50,028.38
The total income does not include:
- growth in the account value
- proceeds from stock trades
- interest received on savings and money market accounts
- pension and retirement accounts through my employer
Holy smokes! I don't even make that fraction at my day job.
ReplyDeleteHi PC, thanks for your comments.
DeleteI don't make that much in my job either.
Keep up the good work; you're doing great!