I want to explain why I do a quarterly dividend update.
- Track how much dividends I make
- Prove that anyone can become a millionaire
- Prove that FIRE works
I’m by no means a Die Hard Dividend Investor. Yet my simple investing strategy does net me dividends that I just have reinvested to build me more dividends and wealth. It’s honestly the perfect cycle to Freedom. I have seen a few people track their dividends over the years and thought why the hell not? It sounds like it would be fun to see how these grow over the years.
The Break Down
Here are what funds and the dividends I have received from them.
Taxable Account Vanguard
- VTSAX $579
Roth IRA Vanguard
- VTSAX $202
That is a +$147 loss in dividends since last quarter’s dividend update was $634.
2020 Dividend Total $2,517
The After Math
Quarter four and the dividend payout are nice. Interestingly, I got paid this free money for simply owning these stocks. I also find it interesting that this amount is more than the $600 stimulus check everyone is complaining about. By all means, I don’t think $600 is a lot of money. But I think more action should be taken if you think the stimulus check is not enough. Complaining has never changed anything! It’s the actions that come after the complaining that has real value.
Overall I am happy that I have built myself a position where I get a stimulus check 4 times a year just to own stocks. This does not even account for my capital gains as well. This is what makes owning more assets and fewer liabilities such a powerful position to be in life. It’s one that we all can achieve just very few are willing to change their habits and mindset with money and happiness. I can’t wait to see what 2021 brings to the table.
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