Finding Extra Money For Dividend Stocks (Investing Every Last Penny For Financial Freedom)
Once one starts investing in dividend growth stocks, they immediately see the results. When tangible dividends (cash payments) start hitting your account, there is no disputing the power of this personal finance strategy. As someone who is looking to reach financial freedom as soon as possible (the point at which my passive income from dividends cover all living expenses), I strive to invest every last dollar. Today’s video is all about finding extra money “on the margin” that can truly impact one’s dividend stock portfolio.
At one of my old companies, an executive would say, “Your margin is made on the margin.” Today’s video analyzes this very quote and how it applies to dividend growth investing. In short, a huge chunk of your base salary goes towards covering living expenses. And, you sometimes don’t have much left over to invest. However, if one can earn extra money “on the margin”, 100% of that extra money can go directly into dividend stocks. If one truly wants to get ahead in dividend investing (and wants to reach financial freedom sooner), it is my belief that it makes a ton of sense to earn extra marginal income each month. Even seemingly small amounts can add up tremendously over time, due to the power of compound interest.
Learn how I’m personally counting loose change with the goal of investing all of my loose change in a dividend paying stock. Next month, I’ll find another marginal activity to generate more cash for investing. Today’s video is meant to encourage everyone out there to work hard (and work smart) to generate extra money for their dividend investments. It’s the extra effort in the early years that makes life so much more magical in the financial freedom years.
Related Video: here’s how to invest as little as at a time!
Disclaimer: I’m not a licensed investment advisor, and today’s video is just for entertainment and fun. This video is NOT investment advice. Please talk to your licensed investment advisor before making any financial decisions.
All content on my YouTube channel is (c) Copyright IJL Productions LLC.