As many people around my age will know, Sean Combs, AKA Diddy, AKA Puff Daddy, said back in ‘97, “It’s All About The Benjamins”.
His reference to stacking up Benjamins, $100 bills, was used as a show of wealth and accomplishment.
Now, I won’t be breaking out in a rap or be sipping on Cristal in my jacuzzi, but I would like to challenge you to rethink this approach to wealth.
Instead, I think we should change it to “It’s All About The Dividends”
Amassing a large investment account is a worthy goal and it will serve you well, but instead of focusing on the dollars, focus on what the dollars can give you – cash flow.
Dividends, in your pocket, every month. Cash flow will provide you cover for your living expenses, your fun, your splurges, everything you need. Dividends can provide this, without spending your accumulated “Benjamins”.
Not only do your dividend stocks pay you cash flow, they grow your cash flow too. Quality DGI stocks grow their payouts each year, in turn giving you even more cash flow.
We can’t control the prices the market will value our investments, but we can confidently control the amount of dividends we receive.
My investment balance may be down this year so far, but my dividend income is higher than ever, and my investments are growing their payout, and those payouts will compound, providing me stable growing cash flow each year.
So while flashing $100 bills around may seem like a flex, the real flex should be the knowledge that your money is working for you behind the scenes.
Invest in quality names, buy regularly, reinvest those dividends, give it time, and let it be “All About The Dividends”.
Jeremy, please just keep preaching the TRUTH. I’m 63, I preach the same message to everyone I meet, especially my family. Started a Roth IRA for both grand kids and match their donations each month. Your comments and replies may come slow at first because your investing journey and web sight is still rather young. But, DON’T GIVE UP. you will reach people and learn a lot your self. I and My wife personally have 2 Roth accounts, 2 IRA rollover accounts and a joint brokerage cash account full of nothing but the best dividend growth stocks i can find for income. This supplements our retirement income if needed. Right now we reinvest all dividends in all our accounts, and don’t plan to change that process. but, its nice knowing that income is there if needed. Thanks Ray