Perspective Of The Week

"Get Wealthy With Dividends"

As you know by my name, I love dividends. And in addition to sharing on here, I write regularly on the investment platform- Seeking Alpha.

My goal there is to teach everyday investors about building wealth, so they won’t to need to work to traditional retirement age. I want to help you take control of your life, have F.I.R.E.

And I want to help you do that by investing in stocks that pay dividends.

Today I received my last two dividend checks for the month of July. These totaled roughly $200. While $200 may not seem like much, this was 5 days after receiving over $500 from three of my other holdings. The two stocks that paid me today were U.S. Bancorp (USB) and Agree Realty (ADC), a REIT.

So, in total I received a little over $700 in dividends for the monthly of July. While $700 is not nearly enough to live off in the U.S., this can alleviate pressure from your active income. Imagine if someone handed you $700 for nothing?

You could use that to cover some of your expenses. $700 is more than enough to cover my car payment. What about unexpected expenses like medical, dental, or emergency car repairs?

Building your dividend snowball is a slow process at first and can be boring. But investing in dividend stocks and reinvesting them can build a steady & reliable income stream over time.

And before you know it, you could use this to cover your mortgage, or supplement your entire paycheck from your job.

For example, according to Motley Fool, the most famous investor Warren Buffett is slated to receive more than $1 billion in dividends this year from only two stocks!

Those two companies are ones you’re likely very familiar with, Chevron (CVX) and Kraft Heinz (KHC). CVX is expected to pay Buffett $811 million in annual dividends, while KHC is projected to pay him $521 million.

And while Buffett is likely richer than you and me put together, building a solid income stream that pays you thousands every month is a very attainable goal. One way to achieve this is consistency. Consistently using your active income to buy high-quality dividend stocks that will continue to not only pay, but raise their dividends over time.

While you hear many investors getting rich off of Bitcoin (BTC-USD) or technology stocks, collecting various dividend checks from companies consumers use every day is the ultimate flex. And continuing to reinvest those dividends will only grow your snowball over time. And one day, you’ll be able to completely live off dividends.

That’s the beauty of dividend investing!

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