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…
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.
If you’re interested in using dividend growth investing to achieve FIRE for yourself, check out my two best-selling books on this: The Dividend Mantra Way and 5 Steps To Retire In 5 Years (also available in paperback).
What you’ll soon see is the tangible manifestation of all of these concepts I write about.
The table below lists every dividend I received (as well as each respective company that paid it) from the preceding month.
This is cash money, folks. Every time a dividend comes in, that’s real-life money I can use to do whatever I want with. Now we all know why Mr. Monopoly loved to kick back with a cigar, like a boss.
When you’re collecting a dividend a day, you are a boss!
Without further ado…
|Albemarle Corporation (ALB)||$11.73|
|Genuine Parts Company (GPC)||$3.60|
|Nike Inc. (NKE)||$1.10|
|PPL Corp. (PPL)||$16.40|
|Iron Mountain Inc. (IRM)||$9.17|
|Kimberly-Clark Corp. (KMB)||$20.00|
|PepsiCo, Inc. (PEP)||$71.42|
|National Grid PLC (NGG)||$31.85|
|Omnicom Group Inc. (OMC)||$9.00|
|Altria Group Inc. (MO)||$68.00|
|Walt Disney Co. (DIS)||$35.20|
|Illinois Tool Works Inc. (ITW)||$35.00|
|Chubb Ltd. (CB)||$10.95|
|Philip Morris International Inc. (PM)||$114.00|
|Ventas, Inc. (VTR)||$47.55|
|Cardinal Health Inc. (CAH)||$16.67|
|Digital Realty Trust, Inc. (DLR)||$45.45|
|EPR Properties (EPR)||$14.40|
|Main Street Capital Corporation (MAIN)||$23.40|
|Pebblebrook Hotel Trust (PEB)||$24.70|
|Realty Income Corp. (O)||$21.00|
|Stag Industrial Inc. (STAG)||$13.02|
|STORE Capital Corp. (STOR)||$14.85|
|W.P. Carey Inc. (WPC)||$82.40|
|Medtronic PLC (MDT)||$18.50|
|Bank OZK (OZK)||$6.60|
|Cisco Systems, Inc. (CSCO)||$18.15|
|Armanino Foods of Dinstinction Inc. (AMNF)||$30.38|
|Chatham Lodging Trust (CLDT)||$15.95|
|Bank of Nova Scotia (BNS)||$51.25|
|Raytheon Company (RTN)||$21.69|
|Toronto-Dominion Bank (TD)||$30.57|
Just for reference, a great resource for tracking your portfolio and everything related to it is Personal Capital.
Another phenomenal month. I’m sometimes left speechless by the situation I’m in these days.
FIRE is a wonderful lifestyle in and of itself. But it’s made all the more wonderful when world-class enterprises are out there selling the products and/or services that make the world go round and sharing a portion of their profit with little ol’ me. I’m eternally grateful for all of this.
I sleep so well at night knowing that these high-quality businesses are doing what they’ve been doing for years or decades on end – increasing their profit and returning some of that increasing profit directly to their shareholders, via rising cash dividend payments. The stock market is extremely bumpy. But growing dividend payments aren’t.
Dividend growth investing is basically the perfect strategy for FIRE. And I’ve been enjoying its robustness since I quit my job almost five years ago.
Let’s put that snowball in perspective.
This month’s dividend income is 13.0% higher than the $826.35 I earned in January 2018.
And since I no longer invest much capital, the majority of that growth has come about organically. That’s the power of dividend growth investing. I barely lift a finger, yet my income continues to explosively and exponentially increase. I’m essentially just doing a very good job of staying out of the snowball’s way.
I’m very excited for what the rest of 2019 will bring all of us. It’s another year to live our lives, grow as individuals, and make our dreams come true.
Life is such a tremendous gift. Don’t ever let it go to waste!
Full disclosure: I’m long all aforementioned stocks.
How was your month? How much dividend income did you collect? Is your dividend income (and the growth of it) living up to expectations?
Thanks for reading.
Image courtesy of: imgflip and WarnerMedia.
P.S. If you’d also like to collect five-figure dividend income and reach FIRE, check out some phenomenal tools and services that personally helped me become financially independent in my early 30s!