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!
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.
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.
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.
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.
What dividend investor doesn’t love receiving a dividend increase from one of their holdings? No hands are raised….exactly what I expected. Lanny and I are constantly monitoring our portfolios to make sure we measure the impact of a dividend increase the day the company makes their announcement. We love instant results! So each month, we take summarize a listing of Dividend Aristocrats (and a handful of non-Aristocrats) that are set to increase their dividend in the coming month to share our excitement with the community. Now it is time to dive in and see which companies are expected to increase their dividend in August!
I’m starting to see a trend with the second quarter of each year for me…it is ridiculously busy. In 2016, my wife and I had our wedding. In 2017, we attended a few weddings, purchased a “new” used car, and oh yeah, we purchased our first home! Life truly comes at you fast, and that was a statement that I never truly appreciated until recently. So much can change in the blink of an eye, it makes you realize that you have to make sure you enjoy as much of it as possible before it is too late. With the second quarter in the rear view mirror, Lanny and I take some time to assess our progress towards knocking out the goals we set for ourselves at the beginning of the year. Here is my Q2 2017 Goals review!