I own equity in more than 100 of the best businesses in the world.
These are businesses that sell products and/or services to consumers, other businesses, and/or governments globally.
And these companies have, in aggregate, millions of employees out there working for little ol’ me.
It’s a pretty wonderful feeling.
In essence, my money is working for me 24 hours per day, 7 days per week, 365 days per year.
Not that I’m by any means lazy (I’m one of the hardest-working people around when I’m motivated), but I am quite willing to admit that my money works harder than I ever have.
See, the great thing about money is that it can replicate itself.
The Replication Of Money
Money’s ability to essentially reproduce is my favorite thing about it. But what makes the whole process even more amazing is that money gets better at this as it grows. It becomes stronger the more it replicates.
In fact, this reminds me of the movie Multiplicity. If you haven’t seen it, it’s a movie about a guy (named Doug) who’s so busy at work, he decides to clone himself in order to spend more time with his family while simultaneously getting his work done. This experiment seemingly works out well for Doug, so he adds to his clone brood. Things go awry, however, as these clones aren’t quite up to the snuff of the main character. Moreover, it’s made even worse when a clone makes a clone, whose IQ is directly and negatively impacted by being a copy of a copy.
So in the movie, the process of replicating has negative connotations. And every time a copy makes a copy, there’s severe degradation.
But my experience with money is the complete opposite.
As money makes more money, the ability to replicate becomes even stronger due to the power of compound interest. $10 that turns into $20 has an even better chance of turning into $40. So on and so forth.
Due to the rule of 72, we know that it takes about 10 years for money to double at a 7% rate of return. But this also means you end up doubling a double. $10,000 that doubles into $20,000 over 10 years will double again, into $40,000, after 10 more years. And since money is fungible, it’s all the same. There’s no degradation.
This all said, this is all largely academic for me (though great fun). The actual value of my Full-Time Fund on any given day actually means very little to me. Other than affecting my net worth, the Fund zooming up by $3,000 or falling by $5,000 does nothing for me. In fact, I generally prefer lower stock prices in most cases, which, by extension, means I prefer the value of the Fund to also be somewhat restricted.
However, the ability for money to replicate itself shows up in the most tangible and meaningful way in regard to my growing dividend income.
I’m already set to collect almost $11,000 in dividend income over the next 12 months. That’s almost $1,000 per month, on average.
But with all of those employees out there selling products and/or services, increasing these companies’ profit and intrinsic value, the likelihood of these companies increasing their dividend payouts next year (and every year thereafter) is quite high. More profit fuels greater dividends to shareholders like me. After all, I’m pretty much solely investing in high-quality dividend growth stocks here; if a stock doesn’t have a lengthy track record of growing dividends, I’m usually not interested.
So that $11,000 will likely grow to ~$11,660 over the next 12 months, purely organically (assuming 6% dividend growth). I’m then looking at ~$12,360 the year after. It then grows to ~$13,100 after another 12 months. You get the point.
The dividend growth percentage might stay static, but the absolute income increases exponentially due to the power of compounding all the way through. That’s kind of how compounding works.
And this isn’t even factoring in the reinvestment of the growing dividends, which will only accelerate all of this.
But there’s another kicker…
A Dividend A Day
Like I mentioned earlier, I’m invested in more than 100 really great businesses. And most of these companies send out dividends quarterly. There are a few that pay monthly. And a few that pay once or twice per year.
All in all, I’m expecting to receive more than 365 individual dividend payments over the next 365 days.
We can see the math here. That’s a dividend a day!
That means every single day I wake up… I get paid!
I wake up Monday, I’m paid. I wake up Tuesday, I’m paid. I’m paid to basically exist. I’d say I’m paid to get out of bed, but that’s actually not quite true. I could stay in bed all day and still get paid.
Gives new meaning to the idea of a sick day, doesn’t it?
Now, these are all averages here. I might not necessarily collect a dividend in each individual day. Some days I might collect three or four dividends. The next day, zero. But it’s really beside the point.
The point is that I’m now in a position to where I’m collecting a dividend a day.
And a dividend a day keeps the unwanted job away.
Well, I still technically “work”, as I have a passion for writing and inspiring people.
So I spend time writing articles like the one you’re reading, as well as freelance articles that I share here. Of course, I don’t necessarily consider it work, which is why there are quotation marks above.
After all, it’s not like someone who’s able to retire in their early 30s is just going to play shuffleboard all day. And so the writing I do is something I want to do – it’s not unwanted at all, unlike my old career.
Nonetheless, the passive income I’m collecting these days covers my core personal expenses, rendering me financially free.
And since money replicates itself so wonderfully and efficiently, the gap between passive income and core personal expenses will only grow more favorably for me. That’s the snowball effect of dividend growth. This income will likely accelerate faster than my spending will, which is certainly a nice problem to have.
But collecting so many dividend payments throughout the year is an incredible indication of exactly how free and fortunate I am.
A dividend a day is this constant tangible reminder that financial freedom is real and ongoing. If there’s ever doubt or wonder, a dividend is likely either on its way or already in one of my brokerage accounts. It’s like a cash register. Ka-ching! Ka-ching! Ka-ching!
While $11,000 in dividend income spread out across more than 365 payments spends all the same as $11,000 spread across many less payments, I find comfort in the persistent flow of dividend income. It’s this ongoing gesture that’s hard to place value on. No long waiting periods between paychecks – I’m in fact paid more often now than I ever was back when I had a day job!
Moreover, I prefer broad diversification. I’d much rather collect $100 from 100 different businesses than $1,000 from 10.
Conclusion
Financial freedom has many benefits, of which I attempt to regularly cover here. Increased happiness, more flexibility, and the ability to be the real you are just a few ways in which financial freedom improves one’s quality of life.
But a dividend a day keeps the unwanted job away. And receiving so many dividend payments so regularly reminds me of money’s wonderful ability to gain strength through replication.
While I believe that someone who’s financially independent very early on in life will go on to continue to work and make lots of money, there’s a big difference between wanting to do something and having to do it. A wanted job is totally different from an unwanted job. And a dividend a day really does keep the unwanted job away.
How about you? On pace to one day collect a dividend a day? Are you enjoying money’s ability to replicate and gain strength over time? Interested in learning more about collecting a dividend a day? Check out my coaching service.
Thanks for reading.
Image courtesy of: ratch0013 at FreeDigitalPhotos.net.
That’s what I like a dividend a day. Not anywhere near that though but I hope to get there.
dah,
Keep at it and I’m sure you’ll get there! 🙂
Best regards.
Great way to think about investing and Dividends. Daily auto-pilot – I’m all in!
DD,
Get paid just to exist… every day! 🙂
Cheers.
The funny part is that you will be paid even if you drop dead 🙂 and unless you descendants squander everything , they will be paid as well for the rest of their lives.
Gene,
Definitely!
Although, I’ll end up giving it all away before/on death. No descendants. So I hope there’s no squandering. 🙂
Thanks for adding that.
Best wishes!
Very good read Jason. I like to read your articles like this now and again as it’s a great reminder of what’s possible and a boost to “stay on track”. I’m glad you have reached that milestone, the best of luck, determination and focus on your new chapter.
Regan,
I’m so glad to hear that. Keeping people “on track” is a big reason why I write and share. Doing what I can to help, inspire, and motivate. 🙂
Keep at it!!
Cheers.
Very nice analysis. I also believe we should make our money work for us. We want an increase over time so get that money into a high paying job now. All the best for 2017
BHL,
Indeed. I love working on things I enjoy, but money can work far harder and longer than I can. 🙂
Best regards!
I agree. I can’t wait to see the fruits of my labour. Get that money to work!! All the best for 2017.
Jason –
Definitely would agree – a dividend a day definitely keeps the unwanted jobs away! Excited to get to that point, and never really thought about breaking out every payment and see how many you actually get (i.e. most companies are paying 4x or in the case of Realty Income – 12x!). Pretty cool way to look at it – and great for readers to see the evolution and impact that time, consistency and compounding really does to one’s investment, wealth, income, etc.. really applies to most items in life! Thanks JF, talk soon.
-Lanny
Lanny,
Yeah, it occurred to me some time ago that I was essentially averaging a dividend a day. And I believe a few readers have pointed that out, too. It’s a pretty cool revelation. It’s a tangible difference to get paid that often.
Thanks for all the support. Hope all is well up in the Cleve!
Best wishes.
HI Jason, I’m not 100% sure reading through the article again and all the comments, but are you actually getting a dividend each day? I know it doesn’t matter if that was the case or you got them all in one day, but it is a pretty cool factoid if that was the case….getting paid everyday would be pretty darn amazing!
Sundeep,
Absolutely. I laid it out pretty clearly in the article. It’s an average, though. Some days I might collect three or four dividends. And then other days there might be nothing there. But it averages out to more than a dividend a day, every year. It’s pretty sweet. I’m definitely getting paid far more often than I was back when I was working a regular job. 🙂
Thanks for dropping by!
Best wishes.
Jason,
Your website is one of the few websites I check every few days. Love the way you think and write and the analogy with an apple a day. Just what the doctor ordered. I used to own a rental and traded it in for a portfolio of dividend paying stocks. So much more rewarding. No replacing the damaged appliances, burned carpet and scraping food stuck to the ceiling. Oh and did I mention the upstairs shower without a shower curtain.. just let the water build up on the floor and drain to the floor below. Of course emptying the trash filled garage after they moved out was a treat as well… Keep up the good work!
Retired in Idaho,
Thanks so much, man. That’s so kind of you. I’m glad you’re enjoying the site. I always try to put my own spin on things. My mind just works really differently. It’s a gift and a curse. 🙂
You’re preaching to the choir there in regard to trading the rental for dividend growth stocks. I’ve written about this before… but Coca-Cola doesn’t call me if a production line is having an issue. Realty Income doesn’t send me an email if there’s a vacancy concern. Nobody bothers me. I just collect my check and go about my life. Works for me!
Thanks for dropping by.
Best regards.
I’ve always thought of my dividend payments a second me. It goes out and works as hard as it can through the month and brings home any added income. It then bolsters his ability to work that much harder next month as I let him keep that money to better him at his job. Eventually I hope to become a “stay at home” investor while it goes out and works for me :)! Thanks for another great article!
DR,
Couldn’t agree more. It’s not just a me that goes out and work for me… it’s a better me. It works harder and smarter, all while replicating itself at an increasing rate over time. I’m practically worthless by comparison. 🙂
Cheers!
Hey Jason, another great article reminding me to remain focussed so thanks for that. Referring to your new coaching services I would be interested to hear if you would have any recommendations on how to:
– invest when one gets a relatively large sum of money. Would you spread over time and yes how would you do this i.e. a year or longer or simply invest a fixed amount per month allowing to average down?
– convince your partner to follow you and adapt the style of living accordingly? Surely everyone will like a dividend a day but this requires investments and discipline. Having a family with several kids brings some additional financial challenges so would welcome your thoughts around this or suggestions to consider.
Thanks in advance!
LB,
No problem at all. I’m blessed to be in a position to help and inspire people! 🙂
Yeah, my coaching service was specifically developed in order to address questions just like the ones you posed with the kind of depth that only a lengthy one-on-one conversation can deliver. So if you’re ever interested in that, just shoot me a note via my contact form.
Best regards.
Great post Jason. While I appreciate your diligence in acquiring over 100 companies, I think a well-diversified set of 30 dividend growth companies who are leaders in their industries would provide similar safety. My portfolio is structured where no more than 6% of dividends come from any one company (most are far less) and no more than 20% income should come from any one sector of the economy (this helps in sectoral recessions like what we went through in oil industry recently). But I like your thinking. Hope you will also like my new series on DGI v Indexing looked at from a non-adversarial angle!
TFR,
Well, I say to each their own. But I would disagree that 30 offers similar safety as 100, because math would simply dictate that it’s not true. If they’re spread out somewhat evenly, a 3.33% loss in dividend income is for sure – this is math – far more painful than a 1% loss. That’s assuming pretty even diversification. And it’s also assuming a full dividend cut. That said, it all depends on one’s comfort level. I like to minimize risk as much as possible, and I think there are far more than 30 high-quality businesses out there (evidenced by my portfolio).
I actually like the broad diversification achieved via index investing. Probably the biggest strength of it. It’s most everything else I don’t like. So I’m basically replicating the positives while getting rid of the negatives (lower yield, less income growth, exposure to poor companies).
Cheers!
True Jason. To each their own, indeed. I don’t disagree with the math but the reality is different. Even in S&P 500, only top 2 companies in each industry dominate the returns (as it is market cap weighted), so that’s why.a well chosen 30 stock portfolio mimics the index and gives similar returns as many studies report. More than the number of dividend paying stocks, it is their inter-correlation and beta that are important. I have poorly correlated dividend stocks (think safe utility’s and growing tech companies), so the combined portfolio volatility is lower than the index itself! My portfolio has 0.85 beta when the market beta is 1.0. This is why I believe selection is important, as you do as well. S&P 500 gives the illusion of broad diversification but as you say, there are many poor stocks there.
Also, I get a dividend apple every 3 days instead of every day like you do, but the apple is sizably big to keep me filled for 3 days 😀 Enjoyed your post.
TFR,
Well, I think we’re talking apples and oranges here. I have no interest in beating a very, very dead horse, so I’m just going to ignore the S&P 500 versus individual stock portfolio debate. Not to mention, it’s not even close to on-topic.
Nonetheless, that has nothing to do with the math I provided. If you have 30 stocks and they’re pretty close to evenly weighted, a dividend cut or two will affect your dividend income dramatically more than if the same situation happens in a 100-stock portfolio. That’s just math. The reality isn’t different. And that has nothing to do with one or two stocks dominating the S&P 500, as it’s not at all related to the point.
Thanks for dropping by!
Cheers.
That could easily become a tile wisdom 🙂 Interesting aspect of receiving dividend income. With that kind of portfolio, with so many companies, you’re not only spreading the risk but also the payments.
Divnomics,
Indeed. I don’t really end up eating an apple a day, although I rarely need to see a doctor.
I do, however, average a dividend a day. And the unwanted job is far away.
I think one works out a lot better than the other! 🙂
Best regards.
Interesting thought process. Had to recalculate mine to reveal I’m at 1.78. The ‘downside’ is the requirement that the portfolio must be broad – minimally 31.4 monthly payers – to accomplish. With the ‘average’ portfolio topping out at about 20 issues this aspiration is probably not for the majority mainly due to perceived time constraints.
seekingreturns,
“Perceived time constraints”. That’s a good way to put it. I don’t find it time consuming to manage a large portfolio at all. Tech makes it easy. But there are people out there that believe it’s somehow this massive undertaking. I spend more time goofing around with my little Chihuahua than I do following my stocks. But to each their own. 🙂
1.78 dividends a day is incredible. I still see a lot of businesses I’d love to own a slice of, so perhaps I’ll be in a similar spot one day. Depends on how much I end up giving away.
Thanks for stopping by!
Best wishes.
Hi Jason,
Fantastic – what a great way to think about the dividends! I had only ever looked at it really on the monthly basis, but the thought of getting a dividend a day – brilliant!
I am still impressed you keep on top of over 100 investments – a lot of work but then look at the dividends it pays (sorry!)
Keep up the great work,
FiL
fireinlondon,
It’s crazy, right? Getting paid daily. It’s an incredible lifestyle.
It occurred to me recently that I’m not only earning what’s essentially a full-time income without lifting a finger, but I’m also getting paid far more often than I would if I had a regular day job. As this passive income grows, it’ll be a situation where it’s more money, far less work, and pay periods that are way more often than what just about any day job could offer. Tough to find any complaints with that.
Thanks for dropping by!
Best wishes.
With 100 companies you can only loose 1% of your dividend-income if a company can not pay a dividend. That’s right. That’s math. But …
I think with every new company the quality of your portfolio gets a little bit lower. So you must find a compromise between the safty of your dividend-income and the quality of your portfolio.
With company 101 you will be even safer but you will probably cut your income also because company 101 for example can not boost their dividends as the others.
I think that is the problem with diversification in general.
Ahoj
ZaVodou
ZaVodou,
Couldn’t disagree more.
I believe Visa was my 60th or so stock. Starbucks was, like, number 80. Kinder Morgan, meanwhile, was a very early investment. Is Kinder Morgan really a higher-quality company than Visa or Starbucks? I don’t think one could argue that. I think they’re all great businesses, though Kinder Morgan has thus far been a bit more disappointing than the other companies. The fact that I invested in the other companies at a later time doesn’t change this.
Moreover, I haven’t yet invested in the likes of Hormel, Becton Dickinson, Genuine Parts Company, etc. Plenty of really high-quality companies out there that would only complement what I already have, not somehow reduce the overall quality.
“With company 101 you will be even safer but you will probably cut your income also because company 101 for example can not boost their dividends as the others.”
That might be the silliest thing I’ve ever read, ZaVodou. If I were to invest in Mastercard tomorrow, it somehow wouldn’t be able to grow its dividend as fast as the other stocks in my portfolio because it would be my 107th stock? It’s an independent company, bud. Mastercard couldn’t care less how long it took me to invest in the business. I’m flabbergasted at your (lack of) logic.
Regardless, this comment has nothing to do with the content. It’s not even close to on-topic. And I hesitated to even approve it. But I thought it’d be valuable to educate you a little bit.
Best of luck with your ongoing learning process!
Take care.
I think he was assuming that you have always invested in the best possible stock you don’t yet own. Thus, any new investment would be of lower quality than those before it. You should take it as a compliment on your stock selection skills. 🙂
Keljulvan,
Hmm. I’m not sure about that. But I’ll take a compliment any time I get one! 🙂
Cheers.
Hi jason,
I don’t get as many dividendchecks as you since I’m mainly invested in european stocks which only pay once or twice a year ( and I own only a 30’ish stocks). But the money is working harder then me anyways. Currently I’m still working a fulltime job because I want to not because I have to. It is really awesome to reach FI early in live.
Cheers,
DC
DC,
That’s a great spot to be in. Working because you want to, rather than because you have to, is freedom at its best. Since one is likely going to continue exchanging time for money well after the point of financial freedom (assuming they reach that point at a relatively early age), much of the math is irrelevant. It’s really all about living life on your terms. 🙂
Keep it up!
Best regards.
I’m at 50 holdings currently and am targeting about 60 for total portfolio eventually. The problem is, in the accumulation stage, it seems better to buy different things when they are cheap. This leads me to more and more holdings. I don’t think I want to get to 100, mainly for the reason that I would like to cull the herd along the way to be in the areas I think will provide the best return and growth over time. I have broadly diversified, but there are certain areas I just don’t want a whole lot of exposure, ie, commodity based companies, utilities, retail, and tech. Also, I am in several growth companies now, and may eventually change that allocation to more income yield companies as I get closer to Financial Independence.
Each portfolio has it’s own goals. Yours works for you. Mine will work for me, but arguing over which one is “better” ignores the fact that it was built to meet certain goals. The thing about portfolio building is that it is organic and time dependent. Looking back and saying you could have done better had you only picked these 30 market beating stocks instead of the 100 that you did ignores the fact that the decisions were made at the time with limited information and constraints on when purchases could occur due to available capital. Some people who bring up arguments on sites like this don’t understand a “real” dividend income portfolio and what it takes to get there, it seems. A couple years of actually building one would be quite eye-opening, I think!
Daniel,
Couldn’t agree more.
There’s really no “best” way to do it. As I’ve said many times, I don’t believe in a one-size-fits-all approach to anything in life, especially investing. Personal finance is personal for a reason – one should be following a plan that works for them and their individual goals.
When I write, I’m obviously sharing things from my own personal perspective. And I think that a lot of the things I’m sharing are of value to a wide swath of people who want to achieve financial independence at an early age. But doing exactly what I’m doing would only work if you’re me. Furthermore, a lot of what I write about is taking a look at concepts and ideas from a high level. I try to put a new spin on things. I like to explore. Those who want to debate things endlessly miss the larger point, I think. I personally have no interest in debating anything.
That all said, I do think there’s a tangible benefit to more dividend payments over less (even assuming the same amount of income). It’s less a functional benefit, as one should be budgeting appropriately for the ups and downs of the income. But it’s pretty neat to see fresh dividends hit the account multiple times per week. 🙂
Thanks for adding that!
Best regards.
I love dividend income for retirement. As long as you invest in strong companies that have a history of increasing dividends every year, then you don’t need to worry about short-term ups and downs of the stock price. They’re also incredibly tax efficient for retirement.
For me, I’m still in the wealth accumulation phase so I’m focused on growth stocks more than dividends. I don’t need the income right now and dividends aren’t tax efficient for a taxable account when the income is not needed. I plan on converting a good portion of my portfolio over to dividend stocks after I retire.
Thanks for sharing!
GFY,
Absolutely. There are many days where I have no idea what the stock market is doing. Nor do I really care. I’ll log in to my account after a few days or so, and see fresh income there. It’s pretty blissful. 🙂
Best of luck with your long-term financial goals!
Thanks for dropping by.
Cheers.
I have never calculated before how many days do I receive dividends per year. Your article made me think and I did it just for the fun of it 🙂 In my case it’s 124 dividend payments per year. Less than every 3rd day. I guess it’s not too bad either 🙂 The more I think and read about dividend investing makes me wonder why don’t they reach it at school…
Roadrunner,
Indeed. I’m with you. I think personal finance should absolutely be a subject taught in school. How will temporarily memorizing the periodic table or learning how to dissect a frog really help you over the course of your life? Meanwhile, balancing a budget, learning how compound interest works, and figuring out how money impacts your entire life would be far more useful. But I digress. I am doing what I can with this platform. And I did speak at a school not too long ago. An inch at a time. 🙂
Best regards!
I’m more of a total return guy, but I can appreciate the psychological benefit of being gifted a dividend as opposed to selling shares to create your own dividend. In the higher tax brackets, dividends become the enemy to total return in a taxable account.
My attitude may change in a couple years when I drop down a few tax brackets, but right now, it’s better to have an asset appreciate 8% in value than appreciate 2% and spin off a 6% dividend.
Just an opposing view to further the discussion. I won’t be Free @ 33, but 43 is a definite possibility. Then, dividends could be potentially be tax-free.
Cheers!
-PoF
Physician on FIRE,
Yeah, there are many different ways to invest. I noted that in an earlier comment. No “right” way to do it. All depends on your individual circumstances, goals, etc.
That said, high-quality dividend growth stocks tend to beat the broader market over the long run. And then I get to collect the growing dividend income while the underlying stock prices increase very nicely (the former matters far more than the latter for me). So it’s just a great way to have your cake and eat it, too. 🙂
And getting there at 43 would be great. That’d still be a pretty incredible result. It’s not possible or even appealing for everyone to be free at 33, but I’m certainly most pleased with the results. It’s really all about living life on your terms.
Thanks for dropping by!
Best wishes.
I agree there is no one Right way, but that tax implications that can favor one method over another for some of us.
There are definitely Wrong ways, too, but anyone who has found and read some of our sites has (hopefully) learned to steer clear of those.
Glad to see you’ve got another site — I recall visiting Dividend Mantra and hearing about it being sold. Cheers to your latest ventures!
-PoF
Ahhh, you’re speaking my language. We’re still getting out of debt right now, but our plan is to heavily invest afterwards. I’m more of an index fund kind of gal, but you can still reap great dividends with stocks too. It’s all about making that money work for you so you don’t have to work. 🙂
mrspickypincher,
“I’m more of an index fund kind of gal, but you can still reap great dividends with stocks too.”
Absolutely. One should invest in a way that makes the most sense for their unique situation.
That said, index funds are still stocks. I think there’s a (common) misconception that index funds are somehow magic or something. If you’re buying a stock index fund (like the S&P 500), you’re simply buying a large collection of individual stocks all at once. If you were to separately buy all ~500 stocks at the same weight, you’d accomplish the same exact thing (though it’d be far more time consuming and expensive – it’s just illustrative). So if you’re buying the total market or S&P 500, you’re still buying stocks. You’re just buying a large number of stocks all at once. And most index funds will still provide you yield, though usually at a far lower rate than what I espouse. As such, you’re sacrificing a lot of organic income, meaning you’ll probably have to slowly sell off assets as you go. I try to avoid killing the golden goose, but to each their own. 🙂
Best of luck getting out of debt. It’ll be so much fun once your money is working for you.
Cheers!
I’ve been saying that I need to get my head into the investment game for some years now, probably since I was about 33. LOL great post sir!
ATD,
I think we all start later than we’d like. I didn’t start until I was in my late 20s. Where I’d be if I had started at 18…
But we can only change today and the future. The future you will be affected by what the you of today does. So today is the best day to get going. 🙂
Best regards.
Jason!!!!!!!!!!! You are back. And retired now I see! Woo hoo! – the force is in balance again. Missed your perspective these past few years. Sweet – glad you are back in the blogosphere – saw your link from over at http://rockstarfinance.com/ (they featured you today in case you weren’t aware of it!)
payingforprivateschool,
Yeah! I’m back. 🙂
It’s great to be writing again. And I’m really blessed to be able to explore some new concepts. Although I was initially incredibly sad to see how things went with Dividend Mantra, I soon thereafter realized that I was now free to start something totally new and different. Voila.
Hope you continue to stop by and enjoy the content.
Best wishes!
I’m now up to 48 payments a year with a recent purchase of Realty Income. One more quarterly payer, and I’ll be up to a payout a week on average. Now, to get them as big as my current paycheck from my day job. That will take quite a bit of work.
Chris,
It’s all one step at a time, my friend. Good work. Keep at it!
Cheers.
Paging Dr. Fieber,
We’ve diagnosed this article with dangerously high levels of good writing. Unfortunately, the process is irreversible. Sorry.
We also feel the need to remind you to take your daily dividend in order to prevent unwanted jobs and other symptoms. Your dosage will automatically increase from year to year. No activity is required on your part.
Sincerely,
ARB–Angry Retail Banker
ARB,
Ha! 🙂
Well, I guess I’ll just have to keep taking my daily dividend. Bottoms up!
Thanks for dropping by.
Best regards.
Hey Jason,
Like always, very good article! a dividend a day keeps the burnout away!
you wrote that some of these companies pay monthly dividends? can you please say name these companies?
best regards
Chri
Chri,
Thanks so much. Glad you enjoyed it! 🙂
O, STAG, EPR, and MAIN are a few companies that pay monthly (that are in my portfolio). There are many monthly payers out there.
Cheers!
Writing as impressive as the investing and the math. Sign me up for more!
While I don’t know if I’ll ever reach the “dividend per day” milestone, I do so enjoy seeing those dividends every month. I’m still leaning towards rental properties to get some cash flow outside the markets, but I’ll always have and love my dividend stocks.
Jack,
Ha. Hey, thanks for that. Much appreciated! )
Actually realizing a dividend a day probably isn’t terribly realistic for most people. It takes a strongly diversified portfolio to achieve something like that. I mean, $12k spread out across 100 payments pays the bills all the same as $12k spread out across 365 payments. But I think it’s pretty neat to wake up to new money almost every day. It’s like the gift that keeps giving. The clock that keeps ticking. There’s an emotional benefit to knowing that something is probably going to be there in the morning. It’s far from necessary, but it is comforting.
Thanks for dropping by!
Cheers.
Loved the read but I was curious what are those 100 companies you invest in to get the dividends every day? I mean I have a portfolio for weekly and monthly dividends but daily…. that would be something nice to add to my portfolio if you don’t mind telling me.
Kenny,
The post answers this question. Perhaps you should reread it?
Cheers!