AIE 143: The Best Form of Passive Income is Dividends
Adulting Is Easy: Making Personal Finance & Real Estate Easy
English - September 12, 2023 11:00 - 33 minutes - 30.4 MB - ★★★★ - 7 ratingsSelf-Improvement Education Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Lauren and Dave start by discussing some mistakes he made early on in his investing career. It started out OK. He was into the book The Wealthy Barber. He actually started investing religiously at 19 years old! Once he got out of college, he started raiding that investment account. So, that was the first big mistake. The second one was marrying the right person who encouraged Dave to draw down his retirement accounts for present wants. Then, the two discuss how to potentially not marry the wrong person. After that, they finally get into the meat and potatoes: dividend investing. Dave lays out the dividend investing strategy and some examples numbers. He explains what DRIP means. Lauren asks what Dave has in his portfolio: approx. 24 stocks (and a couple ETFs). Next, Lauren and Dave discuss his goals and retirement plans, given he’s 50 years old and has had to start over multiple times. His attitude is really good. Dave wraps up with some encouraging words that will motivate you to get started.
If you liked this episode, you’ll also like episode 115 with Dream Dividend or episode 64 with Dividend Hero (Ross).
About Dividend Dave:
After 30 years of making all the investing mistakes possible Dave is finally on a path to financial freedom. He is primarily focused on the dividend investing strategy but also trying to increase his streams of income thru monetization of The Passive Income Podcast. Since recently turning 50 he knows there are only a few good years left to get his financial house in order.
Connect with Dave:
https://www.youtube.com/user/dlove5000
Connect with Lauren:
https://twitter.com/AdultingIsEasy
https://www.instagram.com/adultingiseasyreal/
https://www.housemoneymedia.com/