When it comes to the financial independence community, I feel that investing in dividend stocks (as opposed to index funds) gets a bad rap. Too often I hear complaints that earning dividend income is not worth it because of the tax implications. Some of those concerns are certainly valid. For example, an individual who doesn’t […]
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The majority of questions I get asked here on The Money Sprout are about our dividend income stream. More specifically, readers are interested in knowing the specifics of how I calculate our income growth projections. For example, I often provide dividend income estimates for the next year by tracking our 12 month forward dividend income […]
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Over the past weekend, I found another reason not to own a car … or 2 cars in our case. We are making monthly payments on 2 vehicles right now. Our oldest is a family van that we are very close to paying off … only 9 more months. This vehicle was financed at 75 […]
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As we head into the final stretch of 2018 … it is now time to start making plans for 2019 and our personal finances. This year (2018) was the first time ever that my wife and I fully optimized our income to reduce our federal taxes. Based on current tax laws, we were able to […]
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For the past 3 to 4 years, my wife and I have been tracking our family’s net worth here on The Money Sprout. At first, we tracked our net worth once every 3 months or so. Then about 2 years ago, we decided to get serious about reaching financial independence (FI) and started tracking it […]
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