Money Fitness Journey

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    Q4 2020 Dividend Payout

    January 1, 2021

    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

    Dividend Investing

    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

    Total $781

    That is a +$147 loss in dividends since last quarter’s dividend update was $634.

    2020 Dividend Total $2,517

    Dividend income 4th quarter

    $781 of free money

    That's my stimulus check for

    Planning a blueprint for my financials

    Putting into action steps for it

    Pivoting when I have to

    Sticking to it

    Believing pic.twitter.com/k6AVuSlpfH

    — David | Money Fitness Journey (@moneyfitjourney) December 25, 2020

    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.
    ______________________________________________________________________________

    FIRE HACKS

    Thanks for stopping by. I use affiliate links to support this site at no cost to you if you believe you get value, please consider supporting me by clicking. 

    My favorite free financial tool to manage my net worth is Personal Capital. You get a $20 Amazon gift card for signing up. 

    My favorite free investing platform is M1 Finance. You get $10 for signing up. No trading or management fees plus you can buy fractional shares. 

    My favorite Credit Card Hack is American Express Platinum, Hilton Honors Aspire, and Bonvoy Brilliant AMEX. So far they paid me over $2,200 this year to use these cards. 

    My favorite phone service is Mint Mobile. You get a $15 renewal credit for signing up. I get a year of phone service for a rock bottom price of $240. As a guy who travels and lives in an RV full-time, this service has been amazing.  

    Filed Under: Financial Independence

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