That’s right, the next 12 months from now will bring in a minimum of $10,000 in dividend income! That’s without any raises or new contributions.
I love tracking my forward dividend income level because I want to know how much income to expect going forward if I stopped contributions. I originally started a dividend growth strategy at the beginning of 2012. I took me 16 months to reach a forward dividend income of $5,000. I reached this mark in April of 2013. 12 months later I’ve doubled my forward income level. I suspect it will take less than 12 months from now to reach the $15,000 level.
I can really feel the compounding working its magic. I’m increasing my income level at a much faster pace organically without even making contributions due to dividend increases and a constantly growing portfolio. My snowball is in motion and keeps growing and increasing speed every day!
My current goal is to reach $14,000 in forward dividends but I am a little behind in reaching this goal due to a couple of months of smaller purchases.
Here’s a look at how I’ve increased my income stream:
This is just more proof that my DGI strategy is really working! I have a long ways to go to get to the bottom of that hill but I have some nice traction now and even more motivation to reach FI.