Today I had a double payday or triple payday if you count dividends. I received my rental income from my property and have $399 left over after paying the mortgage and property management company. I received my job paycheck, and I was able to save $500 for my 2nd rental property. My budget for Robinhood was $565.20. I had a spending budget of $644 for nonhousing expenses, and I spent $577.11, leaving me another $67.20 to add to Robinhood. My Robinhood account also received $46 in dividends from Main.
Stock purchased with Rental Income
I purchased the following stocks on Robinhood with the $399 I got from my real estate property and $46 dividends from Main.1 stock in HOG (Harley-Davidson), 2x KHC (Kraft Foods), 1x BX (Blackstone Group), 1x UL (Unilever), 1x JNJ (Johnson & Johnson), 2x CNP (CenterPoint Energy), and 1x in CCL (Carnival). A total of $440.72 invested in buying these stocks, and this money will pay me an additional $17.01 a year.
Stocks purchased with a paycheck
My paycheck came in later in the day, so I had to wait for Monday to buy more stocks. With the $565.20 I purchased the following shares; 1x AEO (American Eagle Outfitters), 1x TPR ( Tapestry), 1x ALV (Autoliv ), 1x MCY (Mercury General Corporation ), 2x EAT ( Brinker International), 1x K ( Kellogg Company), 3x FLO (Flower Foods ), 1x ADM ( Archer Daniels Midland Company), and 1x PEP (PepsiCo ). These new stocks added to my portfolio will increase my dividends by another $19.72 a year.
The remaining money from budgeted expenses
I still have $67.20 deposits remaining, and I reached my instant deposit limit of $1000. I will buy 1 or 2 more stocks later in the week once my money clears. My overall dividends increase was $36.73, and the picture below shows my current dividends payouts by month.
Start investing with free stocks
If you want to start investing yourself, you can get one free stock from Robinhood if you use my invite code and sign up without adding any money. If you want two free stocks, sign up with my Webull code. Webull gives you one stock for signing up and one stock worth up to $1000 when you deposit $100. If you want three free stocks, sign up for both programs, and keep the one you like.