You’re telling me!
It’s been a memorable year for me personally with all the changes in my personal and professional life, and in life you often find yourself compromising. But I’m in a great place right now, and I’m truly glad I took a leap of faith. It’s wonderful to be able to write more and inspire more, and June has been my most productive month of writing ever.
Tomorrow I’ll be going over how 2014 is treating me thus far as it relates to my goals for the year, and I’ll give you a quick hint: I’m off to a great start. And I can only hope all of you readers are as well.
In the meanwhile, I try to share some great reading material with you guys as often as I can. And with more time to read I have more time to share.
Below, you’ll find a short list of articles I’ve recently read and enjoyed. I hope you do as well!
We Make Ends Meet Without Money
This was a really interesting piece. Imagine if the whole world worked this way? I think, in the end, you’d just see people focus on what they enjoy and where they can deliver the most value, rather than what brings home the most money. You’d probably see some people still better off due to society placing more value on certain services, but I think you’d also see a lot less corruption and egregious pay for services. Really interesting.
Does diversification lead to lower quality of investments in dividend portfolios?
Dividend Growth Investor talked a bit about diversification here, and I generally agree that pursuing diversification for diversification’s sake is a bad idea. I’ve never pursued a certain asset allocation model, but accidentally found myself widely diversified through most of the sectors. I think if you’re pursuing intelligent income diversification, you’ll naturally find yourself fairly diversified without much work. However, you’ll also see I don’t have much exposure to utilities or bonds, for instance, in my portfolio. And this is on purpose.
These 16 Dividend Growth Stocks Go Ex-Dividend Next Week
A little shameless self-promotion here. I wrote an article over at Daily Trade Alert that lists 16 stocks that go ex-dividend next week. I specifically took at look at Raytheon Company (RTN), and concluded that we’ll probably see better times to buy this stock. I also wrote about three stocks that recently increased dividends and another article that takes a look at a company that has increased its dividend for 38 consecutive years.
What’s in a Number?!
Bryan questioned the traditional personal finance advice regarding how much passive income/invested assets you may need to become financially independent or retire early. As Bryan points out, a little side income goes a long way, and you may be a lot closer than you think you are. He’s also thinking about starting up an investment partnership. A young Warren Buffett at work?
Why you shouldn’t trust Social Security’s lowball estimate
This was an eye-opening piece that discusses how SS income estimates may not be as reliable as you think they are, and there actually might be a little lowballing in place to keep you working longer. Really interesting stuff here, and gives me hope about my own potential Social Security income in the far future.
Franken-Caddy: The Car That Keeps Making Money!
J. Money shared this hilarious post about how his Cadillac is actually acting as a side hustle. I commented that if he could somehow rent out the backseat to someone on Airbnb he’d really be set!
Crossing the $100K Mark
Lanny recently crossed the six-figure mark in his investment portfolio! A round of applause. I still remember crossing that mark myself in March of last year after starting this journey three years prior with $5,000. Although the number isn’t really significant to our goals to live off of the passive income our portfolios generate, it’s really psychologically beneficial to know that you have that kind of asset base working for you. Congratulations, Lanny!
The Holy Grail of Travel
Retire Before Dad put this really nice post together on the holy grail of travel: traveling while financially independent. Having all the time in the world, as well as financial flexibility means you can take in the sites with little worry or care as to when it all ends. You can travel at your own pace, which is wonderful. I do have a desire to travel one day, once I’m financially independent. Inspiring stuff.
Financial dividend stocks – my next purchase in June
Dividend Life explains his methodology behind his eventual decision to invest in a particular company in the financial sector. He weeded out a few insurance stocks before finally settling on a mutual fund company.
Dividend Income – June 2014
Passive Income Earner earned over $700 in passive dividend income for the month of June, living up to his name. I expect June is going to be a fantastic month of dividend income for me as well, but probably not quite to this level. Really inspiring, as that’s more than enough money to cover rent for a lot of people.
2014 Goals Midyear Review
Joe is killing it so far in 2014. His family has already invested almost $35,000 this year in tax-advantaged accounts alone. Phenomenal!
2014 Financial Goals – June Update
Mark also went over his goals for the year and how he’s doing thus far. Looks like he’s having an amazing 2014 as well.
What do you do?
Richard Branson asked if you can sum up what you do in five words or less. I know I can: I aim to inspire people.
Semi Recent Buy and Two Recent Sells
JC revealed a few transactions in his portfolio, deciding to sell off an entire position, sell off part of another, and then finally add to another. Sounds like he had a very reasonable rationale for his recent actions.
Surround Yourself With Like-Minded People
FI Fighter wrote this introspective post on friendship, and how our relationships change over time as we eventually pursue different paths in life. I’m really lucky in that I still have the best friend as I did in high school. Although we’ve changed a bit over time, we still support each other and find enough common ground to enjoy our time together. And although I’m the only one in my family that’s interested in becoming financially independent, I enjoy my trailblazer status and my family supports my vision 100%. Beyond that, I’m lucky in that I’m part of this wonderful community where I get to surround myself (virtually) with like-minded individuals every single day. Am I a lucky guy or what?
Full Disclosure: Long RTN.
Thanks for reading.
Photo Credit: gubgib/FreeDigitalPhotos.net