Each week you'll learn how to be a better dividend investor and follow the journey of a welder with a passion for passive income to $1,000,000 and beyond.
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πͺ Murder, Food, and Financial Freedom
Published 2 months agoΒ β’Β 3 min read
Here's your weekly helping of interesting investing information and insights.
Opinion
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Michael Myers has a knife.
It's a big, beautiful stainless steel chef's carving knife. And he uses it to murder people.
Gordon Ramsay has a knife.
It's a big, beautiful stainless steel chef's carving knife. And he uses it to feed people.
Same knife. Totally different life.
Money works exactly the same way.
Spending money you don't have can trap you, stress you out, and run your entire life. Or it can quietly buy your freedom... even while you sleep.
I'm a millionaire. Not because I love money β but because I figured out what I wanted it for. To buy time and experiences with friends and family.
Charlie Munger said it best:
"If all you succeed in doing in life is getting rich by buying little pieces of paper, it's a failed life." -Charlie Munger
So what's the point?
The point is making work optional β or better yet, recreational. When your money supply covers your cash burn β what you actually need to live β you get to decide if you work because you have to, or because you want to.
That's the whole game.
Reply and tell me: right now, is work something you HAVE to do, or something you GET to do?
I read every reply.
What I'm Reading
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Fantastic all-around (and FREE) article from The Sunday Investor with EVERYTHING you need to know about the Schwab U.S. Dividend Equity ETF's (SCHD) annual reconstitution that happens every third Friday of March. [Link to article]
The Acquirers Podcast had Tim Travis on to talk about something that's been in the news - BDCs and MLPs. This was a great primer with fun insights into the Business Development Company and Master Limited Partnership sector.
This podcast from Freakonomics x Search Engine randomly played while I was working and it was like listening to a true movie about how autonomous vehicles took over driving for humans. Solid listen if you have an hour to kill!
Disclaimer: This is not investment advice. Do your own research before making any investment decisions.
πTHANK YOU to all who responded to the last newsletter!!
200 Ares Capital (ARCC) | $18.30 / Decided that I no longer wanted to hold this specific lot of Ares Capital in the taxable. Sold and will buy again in the ROTH.
Stocks Bought (AVERAGE)
100 Ares Capital (ARCC) | $18.00 / I'm adding dribs and drabs of Ares when it falls below its last reported NAV (Net Asset Value) of $19.94.
4 Amplify Intl. Dividend Income ETF (IDVO) | $39.75
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Each week you'll learn how to be a better dividend investor and follow the journey of a welder with a passion for passive income to $1,000,000 and beyond.
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