A New Hope [March 2014]

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A New Hope [March 2014]

Category : Uncategorized

The goal of this blog can be summed up in one sentence, but I write it later.

I was never one to delude myself into thinking I was going to college in order to get a “career” instead of a “job”. I’m still not sold on my routine where I am ever-so-gently jolted awake by my pre-dawn alarm clock in order to linger in traffic for an insurmountable amount of time. From the day college started, I realized I had to do something to get out. Unfortunately I let myself get caught up in Entrepreneurial Escapism… Books like The Four Hour Workweek, The Millionaire Fastlane, The Education of Millionaires, and Crush It fostered a dread of working a normal job. These books pretty easily marketed to me by creating a dream of doing what I love for only a few hours a week and then living a millionaire lifestyle.

So I spent the majority of college with a false sense of superiority because I know that I don’t want to work. (Unlike everybody else who wants to work so bad!). I just needed a brilliant business idea, and I wouldn’t have to go put in my 30 years. Unfortunately that business idea never came, and after losing money on penny stocks and precious metals, I decided to start a web development business. Shortly after that, I finished my engineering degree, and joined the workforce.

Thinking about the simple math of it all, there’s no reason why I need to work 40 years to retire. Actually, there’s no reason why I need to work 10 years. I need only to work 5 or fewer years and never have to work another day in my life. How? Reducing expenses to the point where passive income can completely cover them. For now, I’ll focus on dividend investing, but I may soon diverge and enter the real estate rental income market.
How will I get there:
• Spend less than $25 per day
• Purchase at least $3500 of dividend stocks each month.
March 2014 … The first dividend check
Monthly Dividends: $18.90
Monthly Expenses: $787.57

Percentage Passive Income to Expenses: 2.4%

2.4% of my expenses this month were paid by dividends? A humble beginning, but as Yoda once said: Patience you must have, my young padawan.


2 Comments

Alban X.

May 2, 2014 at 2:52 am

Hey good luck with this Josh. I would get a lot of REITs for your stocks.
We should talk sometime though.

    Josh

    May 2, 2014 at 3:05 am

    Thanks man, I own a couple of reits. At one point I owned AGNC when I was chasing ultra-high yield.
    Right now I own O, it’s a much safer reit that I feel will still perform well if interest rates rise.

    If your ever in the Detroit area, hit me up and we can grab lunch.

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