A Call to Action: It is Time to Pay Off My Debt!

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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.

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Lanny’s September 2017 Dividend Stock Watch List

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The stock market has had some fun pullback as of late, and I’m all for it.  There are quite a few things occurring from a macro level with the sudden tragedies of Hurricane Harvey and Irma, followed by other catastrophic storms occurring within the world.  Even outside of those events, Amazon also is continually changing the landscape among retail and we are starting to see those that will thrive and those that are being negatively impacted in the short-term.  Since I always have my ear to the floor to what companies are being impacted, I have decided to compile my quick, short list of dividend stocks that have caught my eye.

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The Diplomats’ August Side Hustle Report

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Our third installment of the Dividend Diplomats’ Side Hustle Report.  Each month, the two of us publish a report showing how much income we made from our various “side hustles.”  We talk all the time about how every dollar counts and can make a lasting impact on our journey towards financial freedom.  Producing these reports helps hold us accountable and motivates us to keep increasing the number.  Nothing excites us more than reading about another blogger that is pushing themselves to the limit, so hopefully our August Side Hustle Report can help us pay that motivation forward.

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Bert’s August Dividend Income Summary

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Where does time continue to go? Seriously, this month was one giant blur.  Finally, my wife and I moved into our new house on the final day in August.  In fact, this is the very first article that I wrote in my new residence!   Life comes at you fast, that is for sure.  With the movers gone, the furniture nearly set, I wanted to take some time to review my August dividend income and see how much our family’s dividend income has grown in the last 12 months.  Let’s check out our August dividend income summary!dividend income

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Goodbye Auto Loan!

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Time to bust my hands out of one set of shackles.  After 48 months of owning my car, with “strings” attached to them, I decided to snip that little thread to be free and clear.  I remember every so often, I would look back and think, “I should have never bought my car and taken a loan out to do so”.  Well, at least now I have decided to at least take out the last part of that statement there.  Goodbye Auto Loan!

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Expected Dividend Increases in September 2017

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It is time for the most exciting dividend month of the quarter!  There is nothing more exciting than seeing the calendar turn and realizing that it is the month that most companies pay their dividend.  This is where you really see the fruits of your investing labor and the power of dividend investing flex its muscle.  For those of you that are new to our website, each month we create a list of some (not all) companies that are expected to increase their dividend in the coming month.   Dividend increases are the name of the game and what we are constantly monitoring on our website; we get pretty darn excited each time a company announces an increase because we know that each successive dividend re-investment results in additional shares, which leads to additional dividend income.  The impact may be small on an individual level, but man do these increases add up in the long run.   Now it is time to dive into the details and see which companies are expected to announce dividend increases in September.

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Lanny’s August Dividend Income Summary

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Okay, when does time slow down?  Never.  However, we have to do everything we can, to make sure we get the most out of each minute!  This marks 8 months of the calendar year down, with 4 months left.  The dividend income figures relating to my 2017 goals haven’t been hit yet, but I am doing what I can to reach the next ledge.  For the purpose of this post, another month down means another month of dividend income has been received and reinvested.  This August was a very solid one, at that, and I am excited to dive into the details with the community.

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