The fourth quarter is upon us. 9 months of dividend income in the books, 3 more to go for 2017. It has been an exciting journey so far, that’s for sure! Last week, we published our monthly dividend income summary article where we review the growth and progress from a lot of fellow bloggers in the dividend growth community! Not only does it have me motivated, but it show the true power that dividend re-investment and dividend increases can have on your portfolio. Today, we will look ahead to the month of October and see which companies are expected to announce dividend increases in the coming month!
Well I don’t think that this article should come as a surprise to too many of you. If you couldn’t tell by my recent watch list, I was itching to buy a stock! Time to move some cash from the sidelines and into an income producing an asset. This week I ultimately purchased one of the four stocks on my watch list. Here is why I decided to add to my stake in Canadian Imperial (CM).
I thought the title may lure you in. My hands are beat up and dirty after the work that I did on Sunday, September 17th. Let’s just say, I can now officially be called an Italian, as mixing and laying concrete was involved. I’m excited to tell you about how I was able to save over $2,000 on one house project that I ended up doing myself.
After seeing such incredible numbers posted in our latest edition of our monthly dividend income summary from other bloggers in the dividend growth investing community, I am extremely motivated to invest some extra capital and help push my dividend income forward. Even though I am working hard to earn extra cash via side hustles to try to pay down our debt as fast as possible, I decided that there was a little room to still invest on the side. How could I resist buying a potentially undervalued dividend growth stock after all? This month, I’ve targeted four companies for my September stock watch list. Let’s see who I am keeping my eye on!
Dividends. Insane Growth Rates. Personal Records. Community. These aren’t just words and phrases, they are some of the common words and phrases we use to describe the dividend income summaries for so many of you in the community each month! It is now time for one of our FAVORITE posts to write each month. For those of you that are new followers. Each month we summarize as many stories and dividend income summaries as we can because we love seeing the progress that everyone is making. It is infectious and it drives us to keep pushing forward and GO FOR IT. Now, it is time to check out our August dividend income summary from YOU the bloggers!
Nothing Matters More than your Savings rate. Now that I’ve been deep on the journey to financial freedom, one learns quite a bit. From investing, making every dollar and hour count, to maximizing your investments to the highest level with tax efficient accounts. Additionally, I’ve learned the utmost importance of having an extremely high savings rate. One cannot do any of the items above if you spend all of your money! Here is why in personal finance, nothing matters more than YOUR savings rate.
Lanny and I are constantly writing about our pursuit of financial freedom. We invest every dollar and spend every extra minute we can side-hustling to allow us to break the shackles of the 9-5 (or in our case 7 – 6) jobs to pursue our dreams and focus on what makes us happiest in life. The dividend and side hustle income will allow us to cover our regular living expenses, take the pressures of working to cover these expenses, and unlock those shackles that are holding us back. That’s how you take back the control of your life. Today, I’m going to take a deep dive into one of the largest areas of my personal balance sheet. No, I’m not focusing on the assets for once. Rather, I am going to pull back the layers of our debt and discuss my plan for
reducing my outstanding obligations taking back control of my personal balance sheet.