Nothing Matters More than your Savings rate. Now that I’ve been in 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!
Recently, I’ve had an itch to purchase a stock and I was motivated as heck to scratch the itch. The motivation is coming from all directions. Whether it was from seeing my cash balance increase since I have been hoarding cash while preparing to move into our house, seeing impressive growth rates in our monthly dividend investing income summary from the community, and quite frankly, watching Lanny to continue to add to his portfolio and see his dividend income soar. We all motivate each other and push each other, and seeing all of you crush it has motivated to move some cash from my recent “hoard” to my investment account and add a company that is on my last watch list. I still have a long, long, way to go if I am going to catch Lanny. But heck, I have to start somewhere, right?? All, check out why I added to my stake in Cardinal Health, Inc. (CAH) the other day.
All, I’ve been very intense lately talking to friends, peers and co-workers about dividend investing. Not purely because of this, but I come home from work in a haste, not happy and very mentally drained. Even writing articles, which I love to do, ends up being very difficult and even connecting with loves ones results in stress. It would be one thing if I was drained from doing something I love so much that it wears me out, but that is not the case. I’m exhausted in a prison-like manner and that is why I am even more energized at the same time to continue my build up of forward dividend income.
The captain is back in the steering wheel and I directed the ship to another stock investment purchase. This so happened to occur on August 1st and felt nice to start the month off with deployment of fresh capital. As I look to close out the last 5 months of the year strong, i made an additional investment purchase into Cisco (CSCO) as the dividend metrics were right up my alley. It’s time to jump into my stock purchase, in order to find out why and how the dividend metrics appeared.
2017 is flying by. I barely know what hit me for work here in July. Between travelling for work and gaining possession of our house, I have barely had time to sit down, relax, and focus on things. But I must say, I couldn’t be happier doing some of the house work and I am finding it fun and therapeutic (especially when I am listening to music while painting). Before I knew it, July was over and it was time for me to recap my performance and write my July dividend income summary. Let’s see how I performed during the month.
Another month down and another month closer, they say. Closer to financial freedom! This pursuit of financial freedom and/or financial independence has been such a ride, I cannot wait for what’s to come. The fireworks have come and gone and now we are hitting into the peak summer heat here in Ohio and it will start to cool down towards the end of the month, as Fall begins to enter our territory. Hopefully that means that just the temperature outside cooling and that my portfolio’s dividend income is heating up! Let’s dive into my dividend income results from the month of August!
It’s that time of the month, where I have my calculator, the pen & pencil & I start analyzing what I love most, dividend stocks, and to see which companies have a chance to be on my watch list. I like to come out with the watch list towards the end of the month, as I line up my capital troops to see where they may be deployed. I did not make any investment stock purchases in July, yet, and the capital lineup is getting bigger.