Stock Market

How Much to Make $10,000 in Dividends?

Reading Time: 2 Minutes

Howdy guys, how’s everyone?

So I was on a hot date with MrsFrugalSamurai last night and she was lamenting the fact that she feels pretty burnt out recently.

Fair enough I was thinking, you have to put up with me dear…

But no, she was feeling burnt out mainly through her J.O.B.

“Why can’t I just be a stay-at-home-housewife!” she exclaims, looking directly at me.

Sigh, why can’t I be the housewife instead!..Is not what I said to her in reply.

Luckily for me, she moved on to regale me with updates of the latest James Charles spat…something about a guy with two first names not happy with having two first names?

But being the conscientious husband I am, her cry for help left me thinking.

So later that night, I decided to undertake a little financial exercise.

You see, many people dream about rolling in passive income – myself included.

One avenue of this is a share portfolio.

So I thought I’d go through the top 20 (largest) companies on the Australian Stock Exchange, and see how much it would need to have $10,000 passive income (dividends) rolling in.

The answer is… a LOT.

That’s a lot of numbers.

I took the figures from the ASX website and whipped up a simple spreadsheet.

It doesn’t take into account any franking credits (a kinda tax refund) and one company – Coles Group, is a recent spin-off of Wesfarmers so is yet to pay their first dividend (due Sept 19).

However if you have a look, my word – it makes for depressing reading doesn’t it?

Just to even receive $10,000 in dividends, you’d need a handy $150k-$200k.

Sigh, that’s the price you pay for entry. Admittedly I hold a couple on that list and receive about… $85-$120 dollars a year in dividends… yay.

Mind you, these are the largest 20 companies on our exchange – but they don’t represent the best nor the safest (no such thing as safe in investing).

So I’m sorry darling, but looks like you’re gonna have to stick with it a bit longer. But c’mon I already do the dishes… and the laundry….and the vacuuming… and the cooking… don’t forget the garbage… HEY wait a minute…

What do you think? Did you enjoy this post? Please help me out if you enjoyed this and put your email in and click on the little “subscribe” button at the top right. This way, you’ll never miss my words of awesomeness! So do the right thing, be a subscriber and get it straight to your inbox fresh out of the oven!

P.S. Think it’s too hard?

Incidentally my friend Light Beam wrote up a guest post about this topic (read here), he’s made over $30,000 this year alone – see how he does it!

4 Comments

  • steveark

    My wife became a stay at home homemaker after we started having kids, that was 32 years ago and she never went back to the workforce. It was the best thing that ever happened to our family. Our kids flourished, my career zoomed and we never missed her income because mine increased so rapidly. But it was her decision, I did not try to influence it in either direction.

Let me know what you think!

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