Dividend Income Update For December 2018

Ahh, dividends.

Even just hearing that word conjures up all kinds of warm and fuzzy feelings for me.

I remember playing the board game Monopoly as a kid. My favorite Chance card was the one where Mr. Monopoly (or Rich Uncle Pennybags) collected his bank dividend of $50.

I thought that was so neat. Collecting money for nothing. Growing up as poor as I did, it seemed like a pipe dream as a child.

Well, it’s no pipe dream.

But it is a dream; it’s a dream of a lifestyle that almost anyone can live, as I’ve proven out over the years.

Mr. Monopoly sits on my shelf at home, reminding me every day of just how far I’ve come…

How far?

I went from below broke in early 2010 to financially independent in early 2016.

And I did so with no particular advantage(s) over anyone else. I grew up in a crack house in Detroit. My parents abandoned me. I have no college degree. I worked at a car dealership making ~$50,000 per year – until I didn’t.

Those six years of my life I set aside to aggressively save and intelligently invest my capital resulted in financial freedom at 33 years old – which is how I became Mr. Free At 33.

That financial freedom is underpinned by the five-figure and growing passive dividend income my FIRE Fund generates on my behalf.

I aptly named my portfolio the FIRE Fund because it allowed me to become financially independent and retire early (FIRE).

I built this portfolio on the tenets of dividend growth investing, whereby I allocate my capital almost exclusively toward high-quality stocks that have lengthy track records of paying rising dividends year after year.

These are world-class businesses. Because of that, they tend to rake in more profit year in and year out.

Well, shareholders are ultimately the collective owners of any publicly-traded company, and growing dividends are our rightful share of that growing profit.

The growing dividends that are sent my way by the businesses I own a slice of are enough to cover my essential expenses in life, meaning I don’t need to ever have a job again. Haven’t had one since turning 32 years old. And I have no plans to ever go back.

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Disclosure: I am long all aforementioned stocks.

If you’re interested in using dividend growth investing to become financially independent and retire early for yourself, check out my ...

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