Meager Income

Pay Off Debt, Retire Comfortably on Meager Income, Win the Lottery, Not Necessarily in that Order

July 2021 Dividend Income

In July, I received $398.93 in dividends and applied the money toward the principal payments. The tables below list the stock and dividend amounts received.   My goal for the Mortgage Payoff Fund 1 is to average $250 in monthly dividends.  This month I exceeded my goal by $4.05. Mortgage Payoff Fund 1 Date Stock […]

Debt Update for August 2021

Last month, I was able to reduce my principal balance by $750. The new balance is $187,000. July was a good month for dividends. In total, I received $398.93. I will provide a list of the dividends received in a future post. Here is a chart of my debt balance this year:

July 2021 Dividends – CMO

CMOCapstead Mortgage CorporationTicker: CMORecent high: February of 2020 – 8.27.Current price on 7/19/2021: 5.92 CMO Profile from their website ( are a Real Estate Investment Trust that invests in U.S. government-backed, adjustable-rate residential mortgage securities on a leveraged basis. Formed in 1985 and based in Dallas, Texas, Capstead’s securities are listed on the New York […]

June 2021 Dividend Income

In June, I received $152.36 in dividends and applied the money toward the principal payments. I received the following dividends:     This is Mortgage Payoff Fund 2, I was going to use the money to recast the loan but decided to buy dividend stocks instead and use the income stream to send extra principal […]

Debt Update July 2021

I’m continuing to chip away at my debt. Currently, I owe approximately $187,750 in combine mortgage debt with an average interest rate of 3.25%. I was considering refinancing the loans but the proposed interest wasn’t low enough for it to make financial sense to do so. I still want to get rid of the loans […]

July 2021 Dividends – SLG

SL Green Realty corpTicker: SLG Recent high: February of 2020 – 97.81.Current price on 7/14/2021: 77.52 SLG profile from Wikipedia:SL Green Realty Corp. is a real estate investment trust that primarily invests in office buildings and shopping centers in New York City. As of December 31, 2019, the company owned 43 properties comprising 14,438,964 square […]

My Mortgages

My goal is is to be free of debt when I retire. I’m currently focused on paying down my mortgage which consists of two loans. The combined interest rate is fixed at 3.25. If I were to adhere to the amortization schedule the last payment will be due in 2044. Due the drop in interest […]

$5000 a year will make you almost a millionaire in 30 years

A recent article posted on the CNBC site caught my attention. It was an interview with Billionaire investor Ron Baron. He stated that everyone can become wealthy investing in the stock market. A person just has to invest a small amount regularly for a long time and then live a long time. Compounding will do […]

April 2015 Spending

I’m finally getting around to summarizing my spending for April.  Last month, I finally fixed the brakes on my car.  I might have been able to hold out a little longer but I didn’t think it was worth it to drive around and risk potentially rear-ending another vehicle.  I also want to have better control […]

Waiting for my tax refund

I’ve now submitted by taxes for both Federal and State bringing 2014 to a close.  I tend to procrastinate  (even when I’m anticipating a refund) and find myself rushing to get them done at the very last minute.  I surprised myself this year and I actually finished early.  Now I’m just waiting for my refunds […]

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