Author Archives: admin

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Still Struggling [March & April 2016]

Category : Uncategorized

Still struggling to keep expenses low.

March
Expenses: $1532.17
Dividend Income: $219.05
Percentage of expenses paid by dividend income: 14.3%

April
Expenses: $2217.38
Dividend Income: $159.58
Percentage of expenses paid by dividend income: 7.2%


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Long Overdue [Nov 2015 – Feb 2016]

Category : Uncategorized

I haven’t updated in four months, partially because I spent so much in November and December. I was dreading actually coming to terms with what I had spend during my 5 week trip to Hawaii.

Almost immediately after Kinder Morgan (KMI) accounced they were cutting their dividend, I sold all of my shares. The dividend cut came as a surprise to me as I don’t follow the financial health of the companies that I’ve invested in as closely as I should. It’s something I would like to work on in 2016.

Despite the sale of  KMI and the fact that I have not invested any new money since December of 2014, my dividend numbers have not dropped substantially.

[show-rjqc id=”1″]

I’d like to start investing again, but I’m looking for a new job (trying to move out of manufacturing engineering and more into database development and eventually into machine learning). Towards the end of April, I will start job searching full-time.

November
Expenses: $4280.18
Dividend Income: $324.46
Percentage of expenses paid by dividend income: 7.4%

December
Expenses: $2432.32
Dividend Income: $236.75
Percentage of expenses paid by dividend income: 9.7%

January
Expenses: $1645.63
Dividend Income: $123.13
Percentage of expenses paid by dividend income: 7.5%

February
Expenses: $997.24
Dividend Income: $276.22
Percentage of expenses paid by dividend income: 27.7%

 

 

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[October 2015]

Category : Uncategorized

Another month has passed where I collected dividend checks for basically doing nothing.

Expenses: $1651.12
Dividend Income: $147.75
Percentage of expenses paid by dividend income: 8.9%

October 2015 Passive Income Versus Expenses

The amount I received in dividends was actually slightly lower than I anticipated due to the split of Baxter and Baxalta. Owning these two stocks provides me with less dividend income than owning Baxter alone. Depending on what the dividend increase in 2016 is, I may dump these stocks.

passive income dividends in october

 

The following companies paid dividends in October of 2015.

Company Dividend
BAXALTA INCORPORATED 3.5
BAXTER INTERNATIONAL INC 5.75
COCA COLA COMPANY 33
KIMBERLY CLARK CORP 10.56
ALTRIA GROUP INC 14.13
PHILIP MORRIS INTERNATIONAL 38.76
REALTY INCOME CORP 19.05
GENERAL ELECTRIC COMPANY 23

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Back to Traveling [August & September 2015]

Category : Uncategorized

I’ve been back on the road for a couple weeks now. As I spend more time traveling, I have less of a desire to stay connected to social media, check email, or monitor my spending/investments. While it’s nice to focus on enjoying each day of climbing and beautiful fall weather, it’s definitely hurt my checking account.

August
Expenses: $1394.16
Dividend Income: $322.35
Percentage of expenses paid by dividend income: 23.1%

September
Expenses: $1820
Dividend Income: $199.09
Percentage of expenses paid by dividend income: 10.9%

Passive Income Versus Expenses September 2015

September passive income

My passive income continues to slowly grow even without investing any new capital. In August I received over $322! That’s a new record for a single month!

The following is a list of all dividends I received during these two months:

Company Dividend
AT&T 47
GENERAL MILLS 24.2
CLOROX 28.49
ALLIANCE RESOURCE PARTNERS 56.7
KINDER MORGAN INC 49
NORTHWEST NATURAL GAS 11.63
PROCTER & GAMBLE 29.83
REALTY INCOME CORP 19
HCP 56.5
AFLAC 19.5
MIDDLESEX WATER CO 12.51
SOUTHSIDE BANCSHARES 9.2
JOHNSON & JOHNSON 22.5
EXXON MOBIL 32.12
IBM 9.1
TARGET 11.2
CONSOLIDATED EDISON 32.5
OLD REPUBLIC INTL 14.8
REALTY INCOME CORP 19
BP 16.66

 


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Recharging the Checking Account [July 2015]

Category : Uncategorized

Back home right now, working for a couple weeks before hitting the road again.

Traveling in July was another expensive month for me. I drove from Lake Tahoe to Vancouver, back to Lake Tahoe, and then home to Detroit.

It was well over 5,000 miles, and somewhere around $600 in gas.

Driving across the continent is not cheap.

Expenses: $2112.49
Dividend Income: $162.56
Percentage of expenses paid by dividend income: 7.7%

passive income from dividends in july

That’s under 10% of my expenses being paid by dividend income during two of the last four months.

Part of the issue here is that I don’t really try to be as frugal when I’m on the road. It’s easier for me to pinch pennies when I’ve fine-tuned a routine.

I’ll be hitting the road again in a couple weeks, and I’m going to need to do a much better job of controlling my expenses. At this point it’s a necessity. For me to be able to continue traveling this year, I can’t spend $2k a month.

Dividend income has remained steady this year. I’m sitting on $500 cash in my brokerage account. Another $500 and I’ll make a stock purchase. Pretty excited about having my investments make investments. Still, the compounding seems slow. I’m looking forward to a time several years from now when each month I’ll receive over $1,000 in dividends and make a new investment each month with that income.

passive income dividends in july

 

Company Dividend
BAXTER INTERNATIONAL INC 26
COCA COLA COMPANY 33
KIMBERLY CLARK CORP 10.56
ALTRIA GROUP INC 13
PHILIP MORRIS INTERNATIONAL 38
REALTY INCOME CORP 19
GENERAL ELECTRIC CO 23

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Double Header [May & June 2015]

Category : Uncategorized

It’s been about two months since I’ve updated this blog. The funny thing is, I haven’t really been that busy, I just haven’t wanted to sit down at my laptop and work.

It seems like the more time I spend outside in nature, the more time I feel comfortable spending out there. A couple years ago, I used to be a bit of a weekend warrior when it comes to nature. I would drive to dodge park or stoney creek in Michigan and run for a couple hours, then hop back in my car and drive back home. That would be enough of a nature fix that I could go back to sitting in-front of my computer for days at a time.

Things are different now. In between climbs, I enjoy just sitting on the ground and relaxing or reading a book. I don’t get antsy if I have an uneventful day just walking through the woods, and I crave the stimulation of the internet much less than before.

Anyway my expenses on this trip seem to be averaging out to about $1200 per month. This is $200 more than I expected, but nothing to get worked up or to make drastic changes over.

May
Expenses: $1122.36
Dividend Income: $316.50
Percentage of expenses paid by dividend income: 28.2%

June
Expenses: $1256.11
Dividend Income: $198.04
Percentage of expenses paid by dividend income: 15.8%

Passive income versus expenses for May and June 2015

Passive income versus expenses for May and June 2015

Passive income received from dividends in May and June 2015

Passive income received from dividends in May and June 2015

I’m not retired, not very close actually. My dividends tend to pay somewhere around 15-30% of my expenses depending on the month. Since I haven’t been adding fresh capital, I’ve largely stalled out (except for reinvesting dividends which is insignificant compared to what I could save and invest when I had a full-time job)

At some point in the next year, I’d like to start making real money again so I can restart that upward trend. Maybe I’ll only work for a year, but I’ll get to push that range from 15-30% of my expenses to 25-40% of my expenses.

Company Dividend
AT&T INC 47
GENERAL MILLS INC 21.56
CLOROX CO 27.38
ALLIANCE RESOURCE PARTNERS L P 55.65
KINDER MORGAN INC 48
NORTHWEST NATURAL GAS CO 11.63
PROCTER & GAMBLE CO 29.83
REALTY INCOME CORP 18.95
HCP INC 56.5
AFLAC INC 19.5
MIDDLESEX WATER CO 12.51
SOUTHSIDE BANCSHARES INC 9.2
JOHNSON & JOHNSON 22.5
EXXON MOBIL CORP 32.12
INTERNATIONAL BUSINESS 9.1
TARGET CORP 10.4
CONSOLIDATED EDISON INC 32.5
OLD REPUBLIC INTL CORP 14.8
REALTY INCOME CORP 18.95
BP 16.46

 

 

 

 


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Leaving Bishop is Bittersweet

Category : Uncategorized

The friends I’ve made here have been incredible. Dennis Lim invited me and several other friends over for a dinner party last night and made a memorable toast: “To my Bishop family”. The words meant alot to me; they made me feel like I’ve really joined the community here. I’ve made a small circle of friends here that I’ll miss, and I feel selfish for leaving them.

Dennis at work on the perfect Greek Roast Leg of Lamb

Dennis at work on the perfect Greek Roast Leg of Lamb

I’m headed to Reno next.

Bishop CA to Reno NV

Bishop CA to Reno NV

I’m surprised, I miss the big city atmosphere. I always thought of myself as one of those people who could go live off-the-grid somewhere with nothing but books to keep me company. I no longer think that I would be happy doing that. What I’ve discovered most about myself on this trip is that what I really crave is balance. Balance between city and nature, work and leisure, adventure and routine, exercise and recovery, solitude and company.

I came to Bishop with the desire to make Looney Binge 5.12c my long-term project.

Looney Binge - 5.12c. The route climbs the horizontal roof flake

Looney Binge – 5.12c. The route climbs the horizontal roof flake

I only worked it for two sessions before giving up on it. Getting shut down by a hard climb that I looked forward to for months was something I needed to re-center myself. Since getting trounced on that route, I’ve woken up every morning and worked out. Lots of stretching and ab exercises. A strong core is the next step in my climbing game.

It took me a few weeks of sport climbing to get my endurance back. Once I felt like I had the endurance to give a hard climb multiple burns, I started ticking off a bunch of 5.11s. My most proud was From Chocolate to Morphine – 5.11d.

Unfortunately I didn’t send any 5.12’s here in the Owens River Gorge. I was getting pretty close with Piranha – 5.12b. Yesterday was my third session on it, and I was pretty close to fine-tuning my beta. A couple more sessions and I would have sent it for sure.

If I’m so close, why am I leaving Bishop? For the sake of my finger-tips, I need to take a week or two off climbing. Luckily the damage is only skin-deep. I’ll still be training pretty hard this week, working on abs, flexibility, and the one-armed pull-up.

Thanks to everyone who made my stay in Bishop special.

Dennis working Piranha - 5.12b. Maria belaying.

Dennis working Piranha – 5.12b. Maria belaying.

Maria onsighting Megaplex - 5.11c

Maria sending Megaplex – 5.11c. Dennis belaying.

Simone finishing pitch 2 of Towering Inferno - 5.11b

Simone finishing pitch 2 of Towering Inferno – 5.11b

Simone and I enjoying our victory atop the Owens River Gorge

Simone and I enjoying our victory atop the Owens River Gorge

 

Kobeeeeeeeashi

Kobeeeeeeeashi

Blake, Stephanie, and Derek surprised me in Bishop :)

Blake, Stephanie, and Derek surprised me in Bishop 🙂

Downtown Bishop, CA

Downtown Bishop, CA

I’ll definitely miss this place. When I’m ready to climb again, hopefully I’ll come back to Bishop. Right now I’ve got nothing planned for June. It’s a good feeling.


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My Lack of Blog Updates

Category : Uncategorized

I’ve told a lot of people they can frequently check my blog for updates on where I’m at, what I’m climbing, etc. 

I’ve put serious thought into aggressively trying to grow my blog. This would entail networking with others, posting tons of original content, and  eventually monetizing  the blog readership. I haven’t done this for a couple reasons.

First and foremost, maintaining an online presence does not fit me. I’m active online in spurts. I’m running my blog the same way that I’ve done any social network I’ve been involved with. Short periods of posting and activity followed by neglect. Daily posting, commenting, and interaction bores me. This is also why I’m not a good person to liven up a group text.

Second, I’m not sure that my blog even has potential. It’s kind of a tri-pillared blog: financial independence, rock climbing, and life philosophy. For financial independence, I’ll never be able to touch the likes of Early Retirement Extreme, Dividend Mantra, or Mr. Money Mustache. For rock climbing, there’s climbingnarc, DPM, rock and ice, and many more. I guess my last niche is my own life philosophy, and I don’t want to force my reflective posts about life.

Third, I also turned myself off of the idea of blogging and making videos after I posted a link of one of my blogposts/videos on facebook and proceeded to watch for the entire day to see how many people would like it. I don’t like the attention seeking behavior and need for gratification that posting online brings out in me.

Props to the bloggers and social networkers who are very active and who provide me interesting content to read each time I come online. I’m not trying to bag them in any way. However, it doesn’t work for me, and what’s most important for me is not forcing myself to be somebody that I’m not.

What does work for me is updating sporadically when I’ve captured something interesting on camera/video or when I’m struck with inspiration.

 

Squatter's rights.

Squatter’s rights.

 


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Ironman Traverse – V4

Category : Uncategorized

I haven’t been bouldering much in Bishop. Been pretty focused on sport climbing in the Owens River Gorge. This was one of the classics in Bishop I wanted to hit before I left.


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How Expensive is Life on the Road? [April 2015]

Category : Uncategorized

How expensive is life on the road? About $55 a day.

I like to break it down to my per day costs:

Groceries and Ice: $8.43

Car Payment, Insurance, & Gas: $21.80

Hobbies (Climbing, Surfing, Camera): $22

Camping: $2

Everything else: roughly $1

The month was much pricier than I thought… I had to purchase a new climbing rope and opted to purchase a new camera on the road. These two are factored into the $22 per day that my hobbies have costed me. I’d like to say that these are outliers, but maybe they aren’t. I think each month I should have a couple hundred dollars budgeted incase I need to replace/acquire gear.

Expenses: $1662.64
Dividend Income: $162.51
Percentage of expenses paid by dividend income: 9.8%

PASSIVE INCOME VS EXPENSES APRIL 2015 dropped below 10% againThis is the second month in a row where I’ve paid for less than 10% of my expenses with dividends. It’s nothing to be ashamed of, I’m still pulling in north of $150 every month with dividends. This is the reality of traveling; it’s just hard to do it inexpensively.

The amount I am receiving in dividends is now just slowly increasing. Since I’ve stopped contributing thousands of dollars into my portfolio each month, I now fully rely on reinvesting dividends and dividend increases.

Passive income in april was $162.51

 

Not bad! Looks like $150 is the new floor, every month I can expect at-least that much.

Company Dividend
BAXTER INTERNATIONAL INC 26
COCA COLA COMPANY 33
KIMBERLY CLARK CORP 10.56
ALTRIA GROUP INC 13
PHILIP MORRIS INTERNATIONAL 38
REALTY INCOME CORP 18.95
GENERAL ELECTRIC CO 23
Total 162.51