My 2018 Year

By | January 9, 2019

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

Net worth increased over the year. It peaked in August/September right before our wedding in October. WEDDINGS ARE EXPENSIVE!

Forward Dividends

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.

Dividends Received

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.

Final Say

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.

20 thoughts on “My 2018 Year

  1. Aisha

    Well done!!! My net worth also took a hit this year as I got married too. But it feels good to be building it back up again. And I’m so grateful I didn’t have to go into debt for my wedding, like so many people do!

    Reply
    1. Buy - Hold - Long Post author

      Thanks for your comment Aisha. So many people (including my brother/sister in law and sister in law) get married with debt. They spend a huge amount of money on that one single day. It hurts me to see that much money spent on a single day. Each to their own. Cheers

      Reply
  2. DivvyDad

    Congrats on your marriage as well as the new career path with your dad; sounds like both are off to great starts and I wish you all the best!

    You had some nice growth this year and are off to a smashing start in 2019! I like the breakdown by month, week, day, and hour as well. That really gives it a perspective on how that is supplementing your income on a regular basis. Keep up the great work!

    Reply
    1. Buy - Hold - Long Post author

      Hi EPF.
      I calculate my forward dividend using Google Sheets. I know what the company is going to pay in a dividend per share. This gives me my estimated total forward dividend.

      To calculate average monthly I just divide estimated forward income by 12. Hourly rate depends on how many hours you work a year. For total hours in a year it’s 8760 (365*24).

      If you need any help feel free to ask.

      Reply
  3. JC

    Looks like a great year BHL! New job, marriage, portfolio humming along nicely. All the best in 2019!

    Reply
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  5. DivRider

    Hey BHL,
    just found your blog and I’m stunned by your detailed report. Very nice! And congrats to your marriage and your decision to work with your dad. I always like the idea behind family business and it’s nice to hear, there is one more which will thrive. Best of luck to you!

    I also like your breakdowns – very motivational. I just calculated my “daily dividend income rate” and I’m just above $8.63. Never thought about that! 🙂

    All the best for 2019 and I hope you’ll crush your goals!

    Reply
    1. Buy - Hold - Long Post author

      Thanks for stopping by. I’ll check your site out as well. Be sure to take a look at my dividend bloggers feed if you’d like to see similar sites.

      Wow $8.63 a day is awesome. Must be a great feeling to be sitting at home earning money. Your money at work 🙂
      Cheers.

      Reply
  6. Charlie

    All those life changing events last year … Congrats on all and a great YoY! Just don’t get discouraged when the law of large numbers catches up with you! Happy New Year!

    Reply
    1. Buy - Hold - Long Post author

      Thanks Charlie. I totally agree. A 20% increase now sounds fantastic but it really isn’t huge in the numbers side of things (ie. 20% increase on $1k compared to $100k). But I am looking forward to getting to that level. Cheers

      Reply
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