I just very recently found out this blog is a finalist for the 5th annual Plutus Awards. I had no idea I was even nominated!
Dividend Mantra is a finalist in the “Best Investing Blog” category. I’m honored and humbled.
I work very hard to create valuable and unique content here, and not just about investing. But investing in wonderful companies and collecting rising dividends is something I’m extremely enthusiastic and passionate about, and so I do my best to spread that enthusiasm because I think this strategy has the power to dramatically change people’s lives.
I aim to inspire people to march toward financial independence, because life is too short not to be free. I believe a strategy of living far below one’s means and investing that excess capital in wonderful businesses that have a history of sharing increasing profits with shareholders in the form of increasing dividends is a great way to replace one’s traditional job income with a more passive source of income, thereby allowing the freedom necessary to pursue life as one sees fit.
You can read more about the Plutus Awards and what they are, but it looks like my own peers nominated me. That’s a big vote of confidence from all of you, so thank you very much. I hope not to let you down. And I plan to continue writing and spreading the word for many years to come.
Unfortunately, I hadn’t planned on going to FinCon (the video on the home page is priceless) this year, which was probably for the best with everything that’s going on lately. But I would love to make it next year, and my significant other is on board to go as well. FinCon 2015, here we come?
In the meanwhile, I’ve compiled a small list of articles that I personally read and enjoyed over the last week. I also threw in a few articles that I wrote, so I hope there’s some value to be had there.
I hope you all enjoy some of the reading material below. Have a great weekend!
These 60 Dividend Growth Stocks Go Ex-Dividend Next Week
Now we know why September is always such a monster month for many of us. 60 dividend growth stocks go ex-dividend next week. Any in your portfolio? I also discussed three stocks that have recently increased their dividends and analyzed a retailer with a 47-year streak of dividend raises.
Side Hustle Series #52: I’m A Lyft and Uber Driver
This was a really interesting guest post over at Budgets Are Sexy. I’ve been secretly wondering how much money someone could make driving for one of these companies, and it seems like pretty easy income. Although I lived for a few years without a car, I actually don’t mind driving at all. I prefer to walk, bus, scooter, or bike when possible so as to save money, but driving doesn’t bother me. Seems like a pretty sweet side gig, if you live in a city that is served by a ridesharing service.
Growth Update: August 2014
Look at Ryan go! He got engaged, put away some serious capital, and broke a record for monthly dividends. Life doesn’t get much better than that.
August 2014 Expenditures
I always enjoy seeing what other people spend, and it was great to see how/why/where the Frugalwoods spend their money. I guess it just fulfills my curious nature. I also like to know where I stand in terms of my own definition of frugality. I’m always aiming to improve my own spending and find areas of fat that could potentially be trimmed, and other budgets usually give me fresh perspective.
August dividend update
Tawcan had a huge month of dividend income. 21 companies in all paid him dividends, which added up to almost $850. That’s pretty solid part-time job income, and yet he didn’t have to clock in and go anywhere for it. Nice!
What The Heck Should We Think About BP Stock Right Now
Tim brought a balanced and thoughtful discussion to the table about the predicament BP Plc (BP) is in regarding the recent judgement that ruled they were grossly negligent in their actions leading up to the Deepwater Horizon tragedy. I’m no legal expert, so I won’t chime in. But I do know that no matter what happens here, BP will be fine. They’ve got plenty of cash on the balance sheet, and room to take on debt as well to pay it. But this can will get kicked far down the road anyhow, as the immediate appeal proves.
Reasons I’m Happy I’m Not Going to FinCon
Looks like we have another holdout among us! Debs isn’t going to make it this year, either. But instead of wallowing in sadness, she decided to come up with a hilarious “Top 10” list of reasons she’s glad she can’t attend. I don’t have boobs, so I suppose mine would be a “Top 9” list.
Dividend Update – August 2014
JC had a great August, like many of us. Of course, how can you not have a great month when you’re collecting hundreds of dollars in your sleep? He increased his income by 86% from what he received last August. That’s some solid improvement that will allow his snowball to continue rolling downhill.
How high costs are hidden by the fund management industry
I had a mutual fund investment for a very brief period when I first started investing in early 2010. But it didn’t last long, thankfully. I sold out of it and haven’t looked back. It’s a shame how pervasive heavy fees are in the asset management industry, but it’s just one more reason to keep fighting the good fight by spreading the word on this strategy. Looks like Monevator is doing the same by revealing the fees behind the curtain.
Should I have a minimum yield requirement?
Dividend Growth Investor posed this question, which is really interesting. I have relaxed my yield requirements as my dividend income has grown, which relates to my belief on the three stages of dividend growth stocks. I started off by investing in stocks with higher yields so as to get the snowball rolling a bit, but have opened up my portfolio to a few stocks with fairly low entry yields, but higher growth rates, which could propel my dividend income many decades from now. Ignoring certain investments simply because of low yields could cause one to miss out on fantastic investment opportunities, but one still has to balance those opportunities against the need for income generation. A careful balancing act, to be sure.
Challenges Of A Career Student
Syed had a guest post over at Frugal Rules, and I enjoyed this perspective. I don’t believe a college degree is absolutely necessary to succeed in life, as I pointed out in my recent Mint interview. Furthermore, an advanced degree can increase your debt load, making it even harder to get ahead. I’m not saying pursuing a degree isn’t a worthwhile idea, but that it isn’t necessary or even a good idea for absolutely everyone. There is no one-size-fits-all approach to life, education, and success.
Dividend Income Update – August 2014
Another dividend income update, because that’s what we’re all doing this for, right? DivHut had a fantastic month. As I wrote about in my dividend income update, I absolutely love waking up in the morning only to discover I now have more money than I did when I fell asleep. My Dividend Pipeline also updated his dividend income, as did Dividend Growth Journey. Looks like successful journeys all the way around!
Full Disclosure: Long BP.
Thanks for reading.
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