Lately, all my extra cash has been going towards the dividend business.
Over the past few weeks, much of my free time has been put towards the rebuild of the best side hustle I’ve ever encountered in my lifetime — dividend income investing.
To put it bluntly, I haven’t been this focused on dividend income investing since before I eluded the 9 to 5.
In the past month, I’ve managed to set up my stock sharing plan through my employer, open up a new brokerage account designated for long term investing, and was fortunate enough to get featured on a Q&A to celebrate happiness.
You can check out my Q&A on the Pursuit of Happiness here if you haven’t yet.
How does dividend income investing relate to happiness?
It relates because one of the great ambitions of my lifetime is to build a dividend portfolio that spins off enough income annually to support me.
Dividend investing is how I plan to eventually support myself. That way, I’ll get to put my full time efforts in to blogging and capital allocation.
Be that as it may, it’s not about the money, it’s about having a more fulfilling life.
I can’t even lie, though, I do enjoy allocating capital in to different income producing assets.
One of the primary reasons I enjoy investing so much is that I get to run cash flow as if it’s a business.
Furthermore, when it comes to dividend income investing, you are creating a snowball because of the way the cash flow comes in.
The more shares you purchase, the more dividends you get paid.
Eventually this leads to even more money available to purchase more income producing assets.
Dividend income investing is a business that is slow in the beginning, but with steady contributions over a 5 year period, you can really start to see significant cash flow coming in.DI Notes — All extra $ to the Dividend Business Click To Tweet
My Strategy with Dividend Income Investing
If you’re looking for details on investing from more of a fundamental perspective, please read How to buy Long Term Stocks, which I wrote on this blog last year.
For the sake of this blog post, I want to look at dividend investing as simply a way of spending your money on things that make you more money.
Since I am behind where I once was as a dividend income investor, I will be looking to take on more risk in the early going to get back the level of dividend income of 2016.
To speed up the process, I am looking for minimum yields of 3.5%. However, I’d prefer 4% and up.
As always, though, I only by quality businesses that I support and understand.
Basically, I have preselected a group of 10 or so dividend income stocks. The plan is to continue to purchase this group of stocks by way of whichever is the better priced asset at the time of purchase.Dividend investing is about spending your money on things that make you more money Click To Tweet
Dividend Income Updates on the blog.
In case you haven’t noticed, dividend income updates have been scare on the blog since last November.
To be honest, due to my extended absence away from the 9 to 5, and in preparation for the chance that I would not be able to find a job, I sold off most of my positions.
If I was to be blogging dividend income reports over the last few months, all that would show is negative YOY results.
I’ve been tryna scheme on new ways to bring the dividend component back to this blog, since it’s a big part of what I like to do.
Further, it fits in with my goal to dividend invest my way to a more fulfilling life.
Through dividend investing, I can progressively grow to a financially independent position.
That said, I do intend to bring back dividend income updates to this blog.
As fas as a time frame for the next report, I intend to bring the dividend income updates back on this blog over the course of the next few months.
I am still undecided on whether to compare the 2017 results to the 2016 results, or start from scratch altogether. Also, I have never published actual numbers, I have only published percents. I have been undecided on whether to alter that as well.
Nevertheless, watch out for the next dividend income update to make an appearance again soon.
Question: What are your thoughts on dividend growth investing? What is your investment strategy?