Dividend Income

Achieving financial independence through dividend-paying stocks. Follow us to learn about our strategy and stock pics as well as general financial advice.

[Dividend Income @PassDivInc]

Not enjoying spending the money you have removes nearly all the value of having money.

[Rohit Manchanda @rohit_thinks]

Storytime:

I know a couple who are both 55 years old & retired early.

They own a home outright and have no debt.

They have about $3.2 million in savings mostly from ETFs. In 7 years, they'll receive an yearly pension of $43k.

Their current expenses are about $25,000/year.

However, they're the most frugal people I know.

They never:

-Take vacations
-Buy luxuries.
-Or even eat out.

They use an old camry.

I'm convinced that not spending money is as much of a problem as being an avid spender.

Only that the former is worse.

What are your thoughts on this?

[Dividend Income @PassDivInc]

I��ve been successfully running a rental business with over 60 tenants for over 20 years without doing any of those things. Taking time to talk to prospective tenants when they view an apartment screens out nearly all the bad apples.

[Mike Higgins @meetmikehiggins]

Bad tenants kill great deals. Screening them is key:

1. Landlord reference
2. Employer reference
3. Credit score (600+)
4. Background check (clean)
5. Sufficient income (3x rent)

What else would you add?

[Dividend Income @PassDivInc]

Any sentence that begins “Warren Buffet says” is good advice. I don’t even have to read the rest of the sentence.

[Kage Invests 影 @Investmentkage]

Warren Buffett says the average person should just dollar cost average into the S&P 500.

Do you think this is good advice?

[Dividend Income @PassDivInc]

Being wealthy means being able to do what you enjoy. Maybe it’s picking up your kids at school, or traveling three months a year or drinking expensive champagne. Decide what being wealthy means to you.

[Dividend Income @PassDivInc]

Paying rent is not throwing money away. It’s agreeing that, for a premium, you get the benefits of moving any time you like, having no maintenance, repairs, or risk, oh yeah, and not needing a pile of money up front for a downpayment.

[John Blatchford @JohnJBlatchford]

If paying rent is throwing money away,

what is paying interest on a home loan every month? A good investment?

[Dividend Income @PassDivInc]

If we asked math, it would say “If you can earn more than 3.5% on your investments, then invest rather than pay it off.”

[Tom | The Investing Tiger @SavingsCaptain]

Love these Personal Finance riddles

Are you paying it off or investing in stocks if your rate jumped to 5%?

[Dividend Income @PassDivInc]

Compound interest cuts both ways.

[non aesthetic things @PicturesFoIder]

how is that even possible???

[Dividend Income @PassDivInc]

BAM! What a great milestone! If you’re just starting on your investment journey, remember that Dividend John’s portfolio wasn’t always earning like that. Be patient.

[Dividend John @johnyboy1853]

Just crossed the $78,000 mark in annual dividend income, which means my investments are working hard so I don't have to. With an average monthly income of $6,500 from dividends alone, the financial future looks bright. This is the power of compound interest and smart investing! #DividendIncome #InvestingGoals #Dividends #stockmarket #invest #passiveincome #cash

[Dividend Income @PassDivInc]

Watching your portfolio daily for ups and downs? If so, try something different. Buy stocks that have a long history of paying dividends. Dividends are reliable. Stock prices are volatile.

[Dividend Income @PassDivInc]

Here’s a small idea with huge results: Try to never buy anything that is not on sale. You shop with after-tax dollars, so the savings of buying things on sale are bigger than you think.

[Dividend Income @PassDivInc]

Why single out Costco? The best way to save money is to not spend money.

[𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐅𝐚𝐦𝐨𝐮𝐬 @BusinessFamous]

The best way to save money at Costco

is to not go to Costco

[Dividend Income @PassDivInc]

If that vehicle is an RV, then I think about it often.

[Cole Grinde @GrindeOptions]

How often do you think about selling everything and just living out of your vehicle?

[Dividend Income @PassDivInc]

@ThinkAppraiser Impossible to evaluate that without details. What are the expenses and income? How’s the neighborhood? What are comparable properties selling for? If you don’t have those answers, then it’s a bad idea.

[Dividend Income @PassDivInc]

@KenjiCapital Early on, my free time. I worked lots of evenings and weekends.

[Dividend Income @PassDivInc]

But where’s the thrill? Where’s the excitement? No daily trading? That sounds so boring. Well, except for the millionaire part. I guess there’s that. 😉

[Cade Invests @cadeinvests]

Want to be a passive millionaire?

Put $100 a week in a S&P 500 fund.

At an 8.5% return.

For 35 years.

You’ll have $1,047,000.

Set up automatic deposits and this requires ZERO time.

And in a Roth IRA you’ll pay ZERO capital gains tax.

You can’t beat this strategy.

[Dividend Income @PassDivInc]

At the beginning of each month I check my investment portfolio and I’m reminded that there is something more exciting than dividends (i.e., free money). And that thing is dividend increases (i.e., a raise for doing nothing)!

[Dividend Income @PassDivInc]

@RogerBilleci The last one I flipped had 7 offers when there were only 6 similar homes on the market. Can you say seller’s market?

[Dividend Income @PassDivInc]

RSP season is approaching. Don’t make the mistake of underestimating the power of this investment vehicle.

[Dividend Income @PassDivInc]

Precisely. Just like reading diet books won’t help you lose weight.

[Tom | The Investing Tiger @SavingsCaptain]

Reading Warren Buffett quotes won't make you wealthy, applying them will.