My Dividend Growth’s One Year Anniversary
When I finally started earning more income than I was spending, I knew I needed to figure out how to invest in my future since there are no 401K’s or benefits for an editor / producer like myself. I had no idea that my not having typical employment options would be a blessing in disguise. I suspect far too often people blindly contribute to these employer investment plans with no real idea or concept of what they are. When I discovered Dividend Mantra in the summer of 2013, his dividend growth strategy instantly clicked with me. I began reading everything I could about the subject through him, other blogs, books and websites. I developed a solid understanding and strategy and got a lot better at saving so I could start executing my plan.
I’ve had website hosting for years so I could easily exchange large media files with clients, but I had never initially sought to make a blog. I wanted to create a place to view my own progress with spreadsheets, and document any investment decisions I made so that I could always look back and understand why I made those choices. The dividend community had always seemed so supportive and constructive so last year I posted “Let the Growth Begin” hoping to be part of it. Suddenly the same bloggers I had learned from and been inspired by started interacting with me with kind words, great advice and interesting opinions. I’m finding myself constantly motivated and in awe of the dividend growth investment world. I’ve learned a lot and grown so much as an investor from starting this blog.
I started My Dividend Growth with an overall portfolio of less than $10,000. One year later, my net worth is hovering around $70,000 which was lottery money to me just last year. Over $50,000 of that is invested in high quality businesses in my portfolio and steadily spits out cash in the form of dividends that grow each and every year. Even if I never added another dime, I should still be able to retire at the typical retirement age. However, I’ve never been one to be complacent, and that’s especially true now that I’m aware early retirement is possible. Every little extra bit I can invest today brings financial independence closer, and I couldn’t be happier to share this experience. Thank you to everyone who has checked in, commented and read over the past year; I can’t even put into words how much your support means to me. I’m looking forward to an even bigger and better year ahead.