How Much Passive Income Does $189.64 Buy?

Saving money doesn’t matter! And you can’t achieve meaningful financial security unless you’re a billionaire!

These are some common online sentiments.

And in today’s article, I want to share a real-life example of why beliefs like this are incorrect.

A few days ago, I received an unexpected royalty check for $189.64.

Here’s how I invested it:

• 2 shares of Medtronic at a limit price of $77.59.
• 2 shares of Postal Realty Trust at a limit price of $14.64.

The total cost?

$184.46.

And here’s how much passive income this tiny sum of money is scheduled to generate…

• Each share of Medtronic pays $2.72 per year. Or $5.44.
• Each share of Postal Realty pays $0.94 per year. Or $1.88.

Combined, this equals an extra $7.32 per year in passive dividend income.

An investor who deployed $185 per month into similarly yielding stocks would earn $87.84 per year in dividend income.

Per year, being the key phrase here. Because any company that doesn’t cut their dividend will continue to pay shareholders in perpetuity. And, most businesses raise their dividends over time.