Lately all my extra cash has been going towards the dividend business.
Over the past few weeks, my free time has been put towards rebuilding the best side hustle I’ve ever encountered — dividend income investing.
In the past month, I set up a stock sharing plan through my employer, opened a brokerage account designated for long term investing, and was fortunate enough to get featured on a Q&A to celebrate happiness.
One of the primary reasons I enjoy investing so much is that I get to run cash flow like a business.
Furthermore, when it comes to dividend income investing, you are creating a snowball. The more shares you purchase, the more dividends you get paid.
Eventually this leads to even more money available to purchase income producing assets.
Dividend income investing is a business that is slow in the beginning, but with steady contributions over a 5 year period, you can really start to see significant cash flow coming in.
[bctt tweet=”DI Notes — All extra $ to the Dividend Business” username=”reversethecrush”]My Strategy with Dividend Income Investing
I view dividend investing as a way of spending your money on things that make you more money.
Since I am behind where I once was as a dividend income investor, I will be looking to take on more risk to get back the level of dividend income in 2016.
To speed up the process, I am looking for minimum yields of 3.5%. However, I’d prefer 4% and up.
As always, though, I only by quality businesses that I understand.
Basically, I have preselected a group of 10 dividend income stocks. The plan is to continue purchasing this group by way of whichever is the better priced asset at the time of purchase.
[bctt tweet=”Dividend investing is about spending your money on things that make you more money” username=”reversethecrush”]Dividend Business Income Updates on the blog.
I’ve been tryna scheme on new ways to bring the dividend component back to this blog, since it’s a big part of what I like to do.
Further, it fits in with my goal to dividend invest my way to a more fulfilling life.
Through dividend investing, I can progressively grow to a financially independent position.
That said, I do intend to bring back dividend income updates to this blog.
As fas as a time frame for the next report, I intend to bring the dividend income updates back on this blog over the course of the next few months.
I am still undecided on whether to compare the 2017 results to the 2016 results, or start from scratch altogether. Also, I have never published actual numbers, I have only published percents. I have been undecided on whether to alter that as well.
Nevertheless, watch out for the next dividend income update to make an appearance again soon.
Question: What are your thoughts on dividend growth investing? What is your investment strategy?