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.
That 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 allows me FI/RE (financial independence/retired early).
The Fund is a portfolio built 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. And because shareholders are ultimately the collective owners of any publicly traded company, growing dividends are our rightful share of that growing profit.
Well, the growing dividends the businesses I’m invested in send my way are enough to cover my basic personal expenses in life, meaning I never have to have a job again. Haven’t had one since turning 32 years old. And I have no plans to ever have one again.
What you’ll soon see is the tangible manifestation of all of these concepts I talk about.
The table below lists all of the dividend income I received (as well as the respective company that paid it) from the preceding month.
This is real 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…
|Aflac Incorporated (AFL)||$46.80|
|Enbridge Inc. (ENB)||$31.28|
|JM Smucker Co. (SJM)||$11.70|
|Pfizer Inc. (PFE)||$20.40|
|Phillips 66 (PSX)||$18.90|
|Wells Fargo & Co. (WFC)||$35.10|
|WEC Energy Group Inc. (WEC)||$13.81|
|HCP, Inc. (HCP)||$29.60|
|Southern Co. (SO)||$49.30|
|Visa Inc. (V)||$4.20|
|United Parcel Service, Inc. (UPS)||$22.75|
|Microsoft Corporation (MSFT)||$10.50|
|Amgen, Inc. (AMGN)||$13.20|
|CenterPoint Energy, Inc. (CNP)||$24.98|
|Discover Financial Services (DFS)||$3.50|
|Southside Bancshares, Inc. (SBSI)||$22.40|
|Emerson Electric Co. (EMR)||$41.23|
|Exxon Mobil Corporation (XOM)||$15.40|
|Chevron Corporation (CVX)||$22.40|
|International Business Machines Corp. (IBM)||$30.00|
|Norfolk Southern Corp. (NSC)||$39.60|
|Target Corporation (TGT)||$31.00|
|3M Co. (MMM)||$13.60|
|United Technologies Corporation (UTX)||$28.00|
|Archer Daniels Midland Company (ADM)||$15.08|
|Hanesbrands Inc. (HBI)||$8.25|
|Johnson & Johnson (JNJ)||$84.00|
|EPR Properties (EPR)||$12.60|
|Cullen/Frost Bankers, Inc. (CFR)||$11.40|
|Hershey Co. (HSY)||$13.12|
|Main Street Capital Corporation (MAIN)||$22.80|
|McDonald's Corporation (MCD)||$55.55|
|Polaris Industries Inc. (PII)||$12.00|
|Praxair, Inc. (PX)||$8.25|
|Realty Income Corp. (O)||$20.81|
|Stag Industrial Inc. (STAG)||$13.02|
|Duke Energy Corp. (DUK)||$22.25|
|Flowers Foods, Inc. (FLO)||$45.90|
|VF Corp. (VFC)||$25.30|
|Dominion Resources, Inc. (D)||$20.88|
|Harris Corporation (HRS)||$22.80|
|Qualcomm, Inc. (QCOM)||$34.20|
|Unilever PLC (UL)||$44.52|
|Royal Dutch Shell PLC (RDS.B)||$47.00|
|BP PLC (BP)||$66.00|
|Brinker International, Inc. (EAT)||$28.50|
|Gilead Sciences, Inc. (GILD)||$11.40|
|Public Storage (PSA)||$10.00|
|Chatham Lodging Trust (CLDT)||$15.95|
|C.H. Robinson Worldwide, Inc. (CHRW)||$11.50|
|Crown Castle International Corp. (CCI)||$15.75|
|Digital Realty Trust, Inc. (DLR)||$45.45|
|NorthWestern Corp. (NWE)||$13.75|
|PepsiCo, Inc. (PEP)||$61.99|
|Service Corporation International (SCI)||$3.40|
|Travelers Companies Inc. (TRV)||$7.20|
|Union Pacific Corporation (UNP)||$43.80|
Just for reference, a great resource for tracking your portfolio and everything related to it is Personal Capital.
What an incredible feeling.
And what an incredible collection of companies here. This list is basically a who’s who of phenomenal firms. As you can imagine, I feel pretty comfortable with these businesses and their ability to continue sending me growing dividends. I sleep like a baby.
This is the first time I’ve ever eclipsed $1,400 in one month!
A new record.
That amount, by the way, is 6.7% higher than the $1,362.50 I collected in March 2017. And that’s after investing very little capital of my own over the intervening period.
It’s just further proof that dividend growth investing works – the snowball effect is in full motion now.
Dividend income records are meant to set and fall. That’s the nature of money and compounding.
There’s no stopping it. I think they should recast The Terminator role. Arnold is/was great, but money is truly an unstoppable force. It doesn’t eat, sleep, or rest. It’s relentless.
I’m sure glad it’s on my side!
Looking at dividend reports like this fills me with gratitude. I truly couldn’t be happier with my life or where I’m at as a person.
Knowing that I can go about my life without worrying about money, without having to be at a job for most of my waking hours, without needing to live a life that’s inauthentic to who I truly am, is something that makes me feel totally blessed.
I’ve worked incredibly hard to get here. But it was all worth it. No doubt about it.
And I know that this amount will grow totally organic – all by itself – through the power of dividend growth. This amount will one day be far beyond what I could reasonably spend, which will be a wonderful position to be in.
My best month ever. And it’s an honor to be able to share it with you readers.
I hope you’re all enjoying just as much (or more) success!
Full disclosure: I’m long all stocks except TGT.
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: bplanet at FreeDigitalPhotos.net.
P.S. If you’d also like to collect five-figure dividend income and reach FIRE, check out some phenomenal resources that personally helped me become financially independent in my early 30s!