So you have decided to invest in dividend paying stocks. Welcome to the club! 🙂 This form of investing can be very profitable on a long term. As I described in my post on “How to be a millionaire?“, the main principle is to continuously invest your savings and let time and compounding work for you. The idea is simple, nevertheless there are quite a few traps on the way. In this article I will explain the reason behind the biggest dividend investing mistake you can make.
Passive investment is the most reliable way to grow your wealth if you do it smart. All you need is a plan, self discipline to stick to it and patience to wait for your investment fruit to ripen. In the following article I’m aiming to help those who do have the dedication to invest in their financial future, but hesitate where to start. Some people might find passive investment strategies boring, but if you do not wish to spend much more time on finances than 5 minutes per month, this might be the best option for you.
One of my biggest regret is that I haven’t started investing (in a smart way) 10 years ago. Well, looking at those charts let’s say 8 instead of 10 🙂 Maybe I would write this post from a much warmer place then… I’m old enough to realize that I should have started it earlier, but young enough to remember what went on inside my head those times. In order to be a successful investor you need a few things: money, knowledge and time. Well, I was lacking a few of them…
That’s all Folks, 2016 is officially over! I am a bit sad as this was really a good year for me on all possible levels. If 2017 will be half this good, I would already consider myself as a happy man. This post will be a bit more detailed as the regular monthly overviews as it is not just month end, but also the end of Q4 (I review my dividend income on a quarterly basis) and the end of the year. Let’s see 2016 in numbers!
It is nearly 2017 and around this time of the year you can find a bunch of articles that all try to find out what will be the winning investment strategy for the new year. I also came across a lot of these that specifically deal with dividend paying companies. I always read these with great interest as all individual stocks in my Dirty Thirty Portfolio fall in this category. From this occasion I invite you for a game that will last throughout the year: The Battle of Dividend Stocks 2017!
There are only a few days left from 2016. What a year it was! On a personal level most importantly my daughter was born. Then a few months later, inspired by many FIRE bloggers, the promise of financial independence, plus also by all the sleepless nights, so was this blog. I will always look back to this year with a happy nostalgia…
One of the things I really hate in the corporate world are the PBC (personal business commitment or pointless bullshit clause) and the year end performance reviews. Still I find it very important to set my own yearly goals. I’m sure I will be able to relate to it much more, furthermore by writing it down to a (small but growing) audience, I’m hoping it will serve as a symbolic boot that kicks my ass in the times when I really need it. Let’s see my 2017 financial goals!
Of course the main picture of this post is exaggerated (especially considering that I don’t even remember when was the last time that I had a white Christmas), but it doesn’t change the fact that the Roadrunner family needs to take a plane in order to celebrate Christmas (and actually any other holiday) with the rest part of the family. Due to many reasons, if you have the luxury to live close to your loved ones, you can consider yourself very lucky.
No, this is not gonna be a “How to build an Amazon affiliate site?” post. There are plenty of resources available on the internet in this matter; most of them are way much better than something I could write in this topic. Mainly because I have never built an Amazon affiliate site before 🙂 But if you’re interested in my struggle about being hero from zero in this subject, you might enjoy this post series.
When it comes to investing in individual stocks, one of my favorite type of companies are the ones whose products I use myself regularly. Every time I make a purchase from such companies I feel a little bit like putting the money from one pocket to another (ok, the latter one might have a hole 🙂 ). One of my regular expenses is fuel. You can really say that you have reached financial independence once your expenses are covered by your passive income. So let’s find a way to cover fuel costs. I want to fill my car for free!
Wow, it’s already December! This year seems to be passing by in no time. Winter is officially here, although I can’t remember when the last time I saw some proper snow was. Still I invite you for a winter theme game (if you don’t wanna join, you can still watch from your warm room). I’m going to roll a snowball. A dividend snowball! I start with something small, but on its way down the mountain it’s gonna be bigger and bigger like no one wants to stand on its way! Check out how I’m planning to do it!