This $1,000 came from a variety of different sources…both big and small amounts made this $1,000 happen quickly. I finally fee like I am back in the zone and even though I only just invested this money, my next $1,000 is already building up.
So the sources of this $1,000 came from some dividends from existing shares, some money that I was given for my birthday this month, selling clothes on High End as well as saving money by buying pre-loved clothes on High End. I also saved some money at Woolworths by making the most of a promotional offer that they were running and I also chose to walk instead of paying for expensive parking.
I purchased a new stock this time, EBO, another Healthcare company that a client told me about. Normally I am very sceptical about “tips” but I did my own research and liked what I read. However I will limit how much I will invest in this stock as it is not widely covered by research houses. The estimated yield is 3.8% p.a. and that takes my total estimated passive income up to $2,739, which is 68.47% of the way towards achieving my goal.
Bring on the next $1000!
Canna Campbell is the founder and director of SASS Financial Services, a boutique financial planning firm. She is a Channel 9 Financial Commentator, founder of financial media platform SugarMamma.TV and best selling author of The $1000 Project and Mindful Money.