What a year 2018 was. I particularly had a good year, not so much financially, but overall it was a fantastic year for me. I got married, invested a little bit of money (would have liked to invest more) and started a new job with my Dad.
The new job was a pretty high risk to me and my fiance at the time. I was leaving a very secure local government job (with limited growth) to a job that paid less (not by much) and less security. The reason for this is the potential growth that the business can bring. Already in the 10 months I have been working there, we have been able to secure a very large contract to supply one of Australia’s largest Pet Wholesalers that supply to over 700 stores. This exposure for a small business (2 full time and one casual employee) is massive. I personally reached out to a couple more wholesalers in the Eastern States of Australia and they have taken us on as well. This calendar year we have seen well over 120% growth in sales. It’s a great feeling. Next calendar and financial year should be great for us.
Net worth increased over the year. It peaked in August/September right before our wedding in October. WEDDINGS ARE EXPENSIVE!
My forward dividend income increased from an estimated $565.39 to $906.16 over the year. Keep that increase coming.
I like to take an average over the months to give it a real sense of how my dividends are working for me. Overall, I make almost $2.50 a day on dividends. I also like to think of it as a working week total. I usually work 38-40 hours a week. This means that on top of my regular wage my dividends add $0.46 every hour. Not a bad promotion for letting my money for the work for me.
It’s a little difficult because some shares I sold due to under-performance and I didn’t like the direction they were heading. So next year should be a lot better for tracking dividends as the incomes should be same time as I received them this year.
In 2018 I received $720.27 in dividend income (with some tax paid) and in 2017 I received $437.43, which is an increase of $282.84, which is a 64.66% increase YoY. Obviously, this is high due to the lower amount of dollars. So far in 2019 my total forward income is $906. Which is a 25.80% increase on last year already. Looking to add to it to make that even larger.