Wednesday, October 8, 2014

The Difference Four Years Make

Looking back over my relatively short existence on this planet, there have been a lot of ups and downs financially in my life. Those ups and downs have taught me a lot about life and those experiences have helped shape me into who I am today. Why, it just seems like yesterday I was a young pup picking up bottles out of the ditches for spending money. Foolish people, throwing good money out of their windows like that!

Humble Beginnings

I remember one time we were camping near a baseball diamond just after they had a tournament. There were beer cans EVERYWHERE and my siblings and I had dollar signs in our eyes. Jackpot! We started collecting cans and bottles and my parents would sort them for us. Some other kids saw what we were doing and started to hone in on our loot too, the little bastards! I think we hauled in $50 worth of bottles which back then, was like a down payment for a house…more or less.

As you can tell, I’m not a proud man. I never had money foolishly handed to me; I worked hard for everything I have ever received in this life. Money holds a different value to me then it would for some rich kid who has coasted through life thanks to Mommy and Daddy Warbucks. I went from taking work from homeless people to mowing grass to a grocery clerk to a dirty tradesman. In that time I’ve learned a lot about money and how we foolishly spend it, more importantly, how I foolishly spent it.

Self Investing Changed My Life

After I said good bye to mutual funds, my life’s savings sure changed a lot; and by a lot, I mean my nest egg has grown four times what it was just four years ago. Sure, I started investing a little more then I was before, but it’s my new mindset on money that has really allowed me to catapult my wealth. Slowly but surely my nest egg grows with each dividend payment I receive. Rather than spending those dividends like a fool, I re-invest it in more dividend paying stock over and over again.

Instead of mass consuming like a mad man, I make smarter choices when it comes to my money. While I could stand in line for 8 hours to get the latest I (diot)phone, I make use of the smart phone I already have and invest the money I would have spent. So instead of buying obsolete garbage that will be worthless in 3 years, my dividend stock investment will increase in value and bring in passive income every three months.

Money For Nothing

So far this year I’ve made $4290 in dividend income while I brushed my teeth, when I grabbed my mail and even while I watched a video on Youtube. I no longer need to pick bottles or work part time at a crappy job to earn extra income. My money is doing all the hard work for me while I just keep enjoying life. Someday soon I’ll have enough passive dividend income to say good bye to the rat race for good. God that would be a great feeling, wouldn’t it? Just wake up in the morning with no annoying buzzer and open the blinds to see everyone else scrambling to get to work on time, while you decide what to put on your toast.

I don’t know exactly when I’ll be able to retire, but it sure is nice knowing that retirement will be possible. So many people have no plan or are relying on government benefits to be there for them down the road which is a very scary thought. If a kid who started off collecting cans has a solid retirement plan, I’m pretty sure anyone with a pulse and some patience can too. I can’t wait to see what the next four years will bring. Until then, I’ll just keep slowly growing my wealth with dividend investing!
If you truly want to change your life, you must first be willing to change your mind- Donald Altman

This article was written by The Loonie Bin. If you enjoyed this article, please consider subscribing to his feed.


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