Dividend Ten

Freelance & personal finance journal

Month in Review

Income for July 2016 – $11,546.97

Dividend Ten Income Expenses

Another month in the books, and time to review income & expenses to see how well I’m staying on track to hit my goals this year:


[table id=6 /]

Total Income in July: $11,546.97

Personal Expenses


Personal Expenses in July: $2,430.42


This is my first full year freelancing, and it looks like the summer is turning into a slow season. Either that or my freelancing business is slowly imploding, as this was close to my worst month so far this year.

New business opportunities have all but ceased, and I’ve lost some key clients, and some have just completed. So income this month and next month is hurting relative to where I was previously.

Fortunately I was able to keep personal expenses low, so able to actually increase my savings percentage, although it was lower total savings. I’ve cut my expenses to the bone, and the majority of my expenditure went towards child support payments.

Savings Rate

I saved 78.9% of my income this month, which is higher than my goal of 60%.



As mentioned, one of my goals is to reach $250,000 in purely online, virtual income. I’m currently at $167,908.86 for the year. Given the slowdown in July & August, I’m not sure if I’ll be able to still hit it.

I’ll update my monthly income report to reflect this most recent income.

Until next time…thanks for stopping by!


  1. Great total for the month but what’s really impressive is that very high savings rate. With a savings rate like that, even with a slowing business you’ll be able to press on with little difficulty. One thing to think about is increasing that dividend income to offset any slowing of your freelancing work. Just a thought about spreading your income more equally so that if one stream really dries up you’ll still be OK. Thanks for sharing.

    • Greg Gee

      Thanks Divhut for the positive words. I am a little discouraged by the slowing cash flow, but this is motivating me all the more to increase my passive income streams, so I’m not at such the mercy of external circumstances like this. Thanks for stopping by!

  2. Dan

    Hey Greg,

    Not sure what happened with my other comment. Anyway, I wanted to say that I think you’ve still had an incredible month and I’m very interested to learn more! A few questions if that’s ok – First, I don’t see housing or food on your expenses? And to only have 5 total categories seems low! Can you explain? 🙂

    Passive Income Dude

    • Greg Gee

      Hey Dan, Not sure what happened there either. So thanks for the positive encouragement. As of Dec I moved in with family so don’t have any housing or food charges to speak of as I just eat what’s lying around. I keep my expenses as low as possible for now, but eventually it will have to go up again.. Cheers

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