Dear DTA,
There’s a lot of information out there on investing. But I guess I’m not sure how to distill things down into what’s most useful. I’m almost 30. And I’m just getting started. Any guidance here?
-Vlad D.
Hi, Vlad.
Appreciate you taking the time to write in.
I understand where you’re coming from.
The abrupt ascent of the internet and online content over the last decade has been both a gift and a curse.
On one hand, you practically have the sum of humanity’s knowledge available at your fingertips.
On the other hand, it’s difficult to sift through all of that and find what’s most relevant and useful.
I get it.
I’m going to share some information with you today that I think can set you on the right path to serious long-term wealth and passive income.
While you didn’t state your goals or intentions regarding investing, almost every investor I’ve ever interacted with has a similar goal.
That goal is, become financially independent.
The information I’m sharing is coming from someone who once had the same exact goal.
I set out toward financial independence back in early 2010.
By following the steps I’ve laid out in the Early Retirement Blueprint, I was able to achieve financial independence and retire in my early 30s.
Make sure to read that Blueprint.
It’s a totally free step-by-step guide that describes an actionable path toward serious wealth and financial independence.
I even share what my financial independence looks like in dollar terms.
My FIRE Fund is my real-money early retirement stock portfolio.
It generates the five-figure and growing passive dividend income I live off of.
The Fund isn’t some hypothetical exercise in investing.
It was built with real sweat. Real blood and tears. It’s real money and real life.
I built it by living below my means and abiding by the tenets of dividend growth investing.
Vlad, this is a fantastic long-term investment strategy.
It would behoove you to learn as much as you can about it.
Don’t worry about having to sift through anything, either.
I’ll point you in the right direction, right now.
Read through fellow contributor Dave Van Knapp’s Dividend Growth Investing Lessons.
This is another totally free resource that is incredibly instructional.
If you read through that series, you’ll learn what DGI is, why it’s so powerful, and how to successfully implement it in your own life toward your financial goals.
Dividend growth investing basically advocates investing in high-quality companies that pay growing cash dividends to shareholders.
The Dividend Champions, Contenders, and Challengers list contains information on more than 800 US-listed stocks that have raised dividends each year for at least the last five consecutive years.
You buy these stocks at attractive valuations. Then sit on the shares for the long term.
Collect your growing dividend income, acquire additional shares, and become very wealthy over time.
I know it sounds simple.
That’s because it is!
Of course, simple doesn’t mean easy.
It’s difficult in the real world to consistently save and invest over a very long time.
But it’s much easier when you’re motivated to improve your finances.
It’s obvious that you’re motivated. Otherwise, you wouldn’t have written in to us.
Motivation is a great start.
But you need to act on that motivation. You need to act on great ideas.
Well, Vlad, you won’t be short on ideas as you march toward your own wealth goals.
Every Sunday, I personally highlight a compelling long-term dividend growth stock investment idea.
These stocks undergo a rigorous analysis and valuation process, even factoring in opinions from professional equity analysts.
I present these ideas to the community, free of charge, through my Undervalued Dividend Growth Stock of the Week series.
I know there’s a lot of information out there.
But I think that focusing on some of the information I’ve presented to you today could benefit you.
Now, this isn’t all there is. These resources are just a starting point.
DTA publishes new articles every single day.
However, taking the time to really absorb the information in the above resources could set you on the right path to serious long-term wealth and passive income.
All that said, it’s ultimately up to you, Vlad, to start doing what’s necessary.
Make sure to start today.
I wish you luck and success.
Jason Fieber
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Disclaimer: Jason Fieber is not a licensed financial advisor, tax professional, or stock broker. Please consult with a licensed investment professional before investing any of your money. If your money is not FDIC insured, it may decline in value. To protect the privacy of our readers, any names published in this article are under aliases. In addition, text may be edited, omitted or paraphrased for grammar or length.