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…
|CVS Health Corp. (CVS)||$10.00|
|General Mills, Inc. (GIS)||$36.75|
|AT&T Inc. (T)||$100.00|
|Verizon Communications Inc. (VZ)||$45.19|
|Raytheon Company (RTN)||$21.69|
|American Express Company (AXP)||$7.80|
|General Dynamics Corporation (GD)||$18.60|
|Air Products & Chemicals, Inc. (APD)||$22.00|
|ONEOK, Inc. (OKE)||$85.50|
|AbbVie Inc. (ABBV)||$38.40|
|Abbott Laboratories (ABT)||$9.80|
|Apple Inc. (AAPL)||$14.60|
|Colgate-Palmolive Company (CL)||$21.00|
|EPR Properties (EPR)||$14.40|
|Hormel Foods Corp. (HRL)||$3.75|
|Kinder Morgan Inc. (KMI)||$15.00|
|Main Street Capital Corporation (MAIN)||$23.40|
|National Retail Properties, Inc. (NNN)||$72.50|
|Omega Healthcare Investors Inc. (OHI)||$105.60|
|Procter & Gamble Co. (PG)||$36.58|
|Realty Income Corp. (O)||$20.95|
|Stag Industrial Inc. (STAG)||$13.02|
|Tanger Factory Outlet Centers Inc. (SKT)||$14.00|
|The Clorox Co. (CLX)||$28.80|
|Texas Instruments Inc. (TXN)||$3.85|
|British Am Tobacco PLC (BTI)||$21.76|
|HCP, Inc. (HCP)||$29.60|
|Fastenal Company (FAST)||$20.00|
|Welltower Inc. (WELL)||$39.15|
|Williams-Sonoma, Inc. (WSM)||$10.75|
|Chatham Lodging Trust (CLDT)||$15.95|
|Starbucks Corporation (SBUX)||$18.00|
Just for reference, a great resource for tracking your portfolio and everything related to it is Personal Capital.
I’ve said it before. I’ll say it again. This is an amazing spot to be in. I’m cognizant of that. It’s not something I take for granted.
Collecting almost $1,000 for anything is awfully nice. But it’s especially nice when it’s collected for doing nothing at all.
I’m paid simply to wake up and be alive. It’s a sweet deal. I’m blessed.
I try my best to inspire others to save, invest, and become financially independent. I do that because this is too good to keep to myself. This is a dream of a life that you have to experience for yourself. It can’t be overstated how amazing it feels to live life on your terms.
And the dream keeps getting better.
The very nature of a compounding dividend snowball means my passive income will continue to exponentially grow year in and year out – even without any ongoing effort on my part.
Options grow. Freedom swells. Autonomy mounts.
I’ll show you what that looks like in real-time.
This month’s dividend income is 17.2% higher than the $800.48 I earned in November 2017. The total amount of dividend income I’ve collected in 2018 is now up to $11,287.76. I’ve realized 13.3% YOY growth compared to the $9,958.52 in dividend income I earned through November 2017.
I’m a college dropout who grew up on welfare in a crack house in Detroit. If I can do this, anyone can do this.
Yes. That includes you!
I can’t even tell you how grateful I feel. I’m floating on a cloud these days. I worked so hard, for so long, to achieve what I’ve achieved. Feels great to sit back and enjoy it.
One more month left in the year. Excited to finish strong and see where I come out at with dividend income. I hit $11,316 in 2017. I almost already surpassed that, yet I still have one of the biggest months of the year to go. Good stuff!
It was another fantastic month, and I hope all of you also had a fantastic November!
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!