Living off dividends in retirement can be an attractive option for many individuals, as it provides a steady stream of income without having to sell any investments. This approach, however, requires careful planning and consideration of various factors, such as taxes, inflation, yield, and portfolio allocation. Here are some facts and figures to help you understand the power of living off dividends in retirement: But first: What is a Dividend Stock? Dividend stocks are stocks of companies that pay dividends, which are a share of the company’s profits that are paid out to shareholders. These co ..read more

At the end of 2019 I had set a goal for myself of $6500 in dividend income for 2020. That would represent an increase of 50% on the $4334 I earned in dividend income in 2019. In hindsight, that was a very lofty goal. Furthermore, the uncertainty of markets due to the Covid pandemic did not help. So how did I do? At the end of last quarter I had amassed a total of $4071.79 in dividend income for the year. That is just $262 shy of my total for the entire year of 2019. So crushing last year’s total was not a problem. But how close did I come to my goal of a 50% increase or $6500 total? Lets chec ..read more

I recently realized that I had submitted some questionnaires and interviews to other websites that were never published. Nearly 3000 words that I had taken the time to write that might perhaps be interesting to some of my readers. So I have decided to publish them here. I have cleaned up the format as best as I could considering they were for multiple different websites so I apologize if this seems a little disjointed. What follows are some answers about questions regarding my blog, my financial history, my personal life and just some silly questions for fun. I hope you enjoy Describe your tar ..read more

July is here and with it, the start of a new quarter which means it is time for our quarterly dividend income report. Last quarter I earned close to $1300 in dividend income. Lets see what happened in Q2. April 2020 Stock Symbol Dividend Income VTI $52.50 DIA $29.59 Total $82.09 May 2020 Stock Symbol Dividend Income SPY $71.52 T $55.56 GIS $10.51 VZ $50.69 COST $707.23 DIA $6.42 TOTAL $901.93 June 2020 Stock Symbol Dividend Income XOM $87.00 IBM $171.38 VYM $161.45 DIA $22.80 KHC $35.61 TOTAL $478.24 $1462.26 That is my total dividend income fo ..read more

(Author’s note: This post needed to be deleted and re-posted due to excessive spam comments. It was just easier to re-do the whole post then continue deleting the comments.) When I started reporting my dividend income in 2019 I was publishing monthly reports. I decided to go to quarterly reports for 2020 as it is just more time efficient for me and as you can see from January, there are months that I would really have nothing to talk about. So going forward these will be published quarterly. I ended 2019 with a total dividend income of $4334.00. My goal for 2020 is to reach $6,500. That would ..read more

When I started reporting my dividend income in 2019 I was publishing monthly reports. I decided to go to quarterly reports for 2020 as it is just more time efficient for me and as you can see from January, there are months that I would really have nothing to talk about. So going forward these will be published quarterly. I ended 2019 with a total dividend income of $4334.00. My goal for 2020 is to reach $6,500. That would be a 50% increase over my 2019 total. It is a lofty goal to be sure but if i remain diligent and continue to make smart investment decisions, I believe it can be achi ..read more

I am lucky. Three words that are incredibly difficult to say amidst the turmoil the world has been thrown into in 2020. In the month of March 2020 I have lost over 35% of my life savings. Not an easy pill to swallow. Yet, the truth remains, I am lucky. I still have an income. My job in retail is considered essential, thus I continue to go to work. It kinda sucks but when I consider the alternative, I must admit, I am lucky. I have an emergency fund. I have a wonderful family And as bleak as the future may look today, I have hope. Most importantly, I have a plan. 1 ..read more

This is not a normal blog post. It is not meant to grab headlines, rank on google or get hits. It is just my random thoughts that I need to get out. Where do I start. I’m not sure what this article is about even as I start to write. I’m not even sure posting on my blog is even the right thing to be doing right now. Since the last post I made the world has been turned upside down. As of my writing this sentence (8am Sunday morning March 22, 2020) there are a reported 315,267 people sick with COVID 19 in the world. 13,590 have died from it and the numbers continue to rise. In ..read more

There are 18.6 million millionaires in America today. That is approaching 6% of the population. The US ranks #1 among all other countries in total number of millionaires outranking the rest of the top 10 COMBINED. When compared to the rest of the world, becoming a millionaire in America is EASY! Why is it so easy to become a millionaire in America ? “Your greatest wealth building tool is your income” Dave Ramsey Americans have proven that we will always demand fair wages. Without your income, you would not stand a chance of building wealth. You could win the lottery or be ..read more

I am a millionaire and it only took 8 days. Well, not exactly. It took 25 years but the systems that I needed to put in place in order to achieve this took 8 days The 8 Day Financial Freedom Boot Camp is an 8 day course of action for you to set yourself up for a life that you deserve. And it is available to you for FREE TODAY Simply subscribe below and I will email you your free e-book and other extras today. If you want to know more about me and why I wrote this book before subscribing, keep reading. Subscribe * indicates required Email Address ..read more