Friday, 28 December 2018

Singapore Dividends for Financial Freedom - How I earned $37,000 in Dividends in 2018 (Part 1)




Add caption


If you are new to my blog, I strongly encourage you to read the following posts, for these will give you a little more background on my story:

My Story 1   My Story 2   My Story 3   My Story 4   My Story 5

Also, nestled in between these are a plethora of other posts - some good, others silly.

But sure, have a read and let me know what you think in the comment section below.

Now, on with the show.

---

With so many conflicting ideas out there about how to build a sizable passive income, I thought I would share with you how I have earned over $38,000 this year from dividends.

So how did I do it? There are numerous factors, but for starters, here are three:

1. Work like a person possessed!


Being the owner of a SME, I'm consumed by my project.

The company does OK, but as as anyone who has owned a business knows... it could, if unchecked, eat up every moment of your life, leaving you curled up in a ball in the corner of a room, gasping for air.

There's a fine line between the business good times and frazzling your brain.

Imagine for a moment:

(Gasping like a fish swiped from the tank, hugging the kitchen table leg, sobbing)

'15 hours in the office for seven days straight! What have I done with my life? Is there no end? Am I the only one? Poor me! My life is over!'

Business owners... ever been there?

Or, probably a better question to ask is... been there this month?

You know the story. Pushing projects to the max, researching, managing staff, overseeing marketing, dealing with international customers, doing HR etc. etc... this and that, this and that ad nauseum!

On top of this you have the pressure of balancing the books, paying wages, keeping staff and customers happy, and most importantly, not losing the plot and ending up being dragged of to a mental hospital by men in white suits holding syringes full of powerful sedative.

Yes, indeed, life can be tough for us SME types, but we wouldn't have it any other way.

Or would we?

When the good times roll, and the cash flows like a river close to its source, it all feels worth it.

So, what are you going to do with your cash?

2. Buy dividend paying equities

I remember back to 2015 when I worked like a madman and deposited my money in the bank. For my pleasure, the bank paid me a pitiful amount in return.


At this time, the idea of investing was something reserved for the super rich - not for me.

Why would I get involved in that game? Poor people bet on chicken fights, the rich stocks.

How wrong I was.

I remember having the conversation with my wife. I was sitting reading a classic novel, probably late Victorian. Thomas Hardy or something, I can't remember exactly.

'I think we should start learning how to make our money work, you know?'

'What do you mean ''work'' sure our money's fine sitting in the bank. At least we have it safe, and  when we need it...'


'I just finished reading a good book. You should have a read after your done with that one.'


'What's the book called? It better not be about money. You know I hate reads like that.'


Like all good husbands, after a flash of evilness, I caved.


My wife sent me a PDF of Rich Dad Poor Dad (so sorry Robert) and I read it in two days.

After finishing the book, my mind was seized with ambiguity:

How could I have been so blind for so long? Had I really been so idiotic until 35? As a reasonably well read guy, how could I have missed ideas like this? Why had none of the hundreds of people I had met throughout my adult life not have mentioned things like this before? 


Perhaps all the answers didn't live in the minds of Hemmingway, Joyce et al. after all...

Perhaps I'd been living in the dark.

This epiphany, this awakening, this light switching on moment propelled me into action, and I began reading widely about investing. I'll save these details for a future post though, for I want to stay on track.

In the early days, I listened to the Motley Fool (USA) podcast  religiously. In particular I liked (and still do) Chris Hill's Motley Fool Money show. This podcast opened my eyes and showed me that investing could be fun when talked about in an articulate and succinct way.

Inspired, I began researching US ETFs. Subsequently, I bought a few.  To date this was one of my biggest investing errors. Again, I will blog about this in 2019.

Next, in late 2018, galvanized by the words of Dividend Mantra I began to read about divided growth stocks and got hooked. What inspired me was an intense desire to build passive income.

What could be better as you get older than a growing a collection of paying equities that pay you regular dividends?

The main reason I got out of US ETFs was the 30% tax on dividends. After some research, I discovered that companies listed in the Singaporean stock market are blessed with 0% on dividends!

This piqued my interest and started a period of aggressive investing that still continues to this day.

The first dividend paying shares I bought were Singtel, Keppel Corporation and SATS. Soon after, I bought Keppel DC REIT.

Since then I've invested heavily in a wide range of dividend paying stocks from a many different sectors.

I realized I couldn't sit on the sidelines for ever and wait for the next big crash; I had to make up for lost time.

3. Reinvest Dividends

If you want a big dividend paying machine, you need to reinvest your dividends back into your portfolio. This can be done every quarter or so. For me, I reinvest when my dividends hit $10,000 in my account. I usually look for an existing counter out of favor by the market and pick up some value. This type of dollar cost averaging is useful over the long run, for trying to buy during a correction could leave you sitting watching while valuable dividends pass you by.

As Peter Lynch says...

'It's not timing the market. It's the time you're in the market.'

Words to live by folks.

So, there you have it for now. That's all for the first of this weeks blog posts. I'll write part 2 over the next few days as I'm off work and have time.

And, by the way, what has worked for me mightn't work for you. These words are for entertainment purposes only. Please do your own research and find your own way.

All the best and Happy New Year!

If you like this post, you can following be for more shenanigans at Twitter and Facebook:



           




   













18 comments:

  1. Hi,

    It is always enjoyable to read about another person's journey and the epiphany moments they had! Anticipating the next part and thank you for sharing!

    Regards,
    M

    ReplyDelete
  2. Thanks, Magpie. Yes, it has been an interesting few years to say the least. I have million more stories to share. Stay tuned!!

    ReplyDelete
  3. Hi SDC

    Im sorry to hear about your days in office but I think it'll get better and with your dividends increasing, I think its a matter of time before you have the edge.

    ReplyDelete
  4. Cheers for the comment, B. All is well at my end, don't worry. I'm pushing for financial independence asap, and it'll happen asap. Keep reading the blog for more info. Do you have a blog?

    ReplyDelete
  5. Would you be able to show your us your Portfolio?

    ReplyDelete
  6. Today, I was just browsing along and came upon your blog. Just wanted to say good blog and this article helped me a lot, due to which I have found exactly I was looking. financial news for today

    ReplyDelete
  7. Yur point 2 n 3 is 90% exactly the same as my life haha

    ReplyDelete
  8. Thanks for the comment, Rokawa. Thanks for reading and commenting. Can you tell me more about your story.

    ReplyDelete
  9. I found your article is very informative about Thanks for sharing this informative post .I really appreciate it.Investment website .Thanks for sharing.

    ReplyDelete
  10. Hi,

    Dr Steve G Jones, a millionaire and world-renowned hypnotherapist for celebrities has recently developed a cutting-edge 60 second quiz which reveals how closely your brain matches that of a millionaire.

    Do YOU have the brain of a millionaire?

    Take Dr Steve’s quiz below and find out (plus get your own personalised free report):

    ==> 60 second quiz: Do you have the brain of a millionaire?

    The great thing about this quiz is it uses your answers to generate a personalized free report revealing what blockages you may or may not have, and what you need to do next in order to get yourself on the millionaire fast track to wealth.

    See how highly you score, read your personalized results, and enjoy!

    ==> Follow this link to take the quiz

    (and receive your personalized report)

    Kind regards,

    [Dr. Steve G. Jones]

    P.S. Imagine being able to download the brain of a millionaire into your own head. Dr Steve
    shows you how to do that once you complete this quiz.

    Check it out here:

    ==> 60 second quiz: Do you have the brain of a millionaire?


    ReplyDelete
  11. HOW I GOT MY LOAN FROM THIS GREAT COMPANY

    Hello my dear people, I am Linda McDonald, currently living in Austin Texas, USA. I am a widow at the moment with three kids and i was stuck in a financial situation in April 2018 and i needed to refinance and pay my bills. I tried seeking loans from various loan firms both private and corporate but never with success, and most banks declined my credit ,do not full prey to those hoodlums at there that call them self-money lender they are all scam , all they want is your money and you well not hear from them again they have done it to me twice before I met Mr. David Wilson the most interesting part of it is that my loan was transfer to me within 74hours so I will advise you to contact Mr. David if you are interested in getting loan and you are sure you can pay him back on time you can contact him via email……… (davidwilsonloancompany4@gmail.com) No credit check, no cosigner with just 2% interest rate and better repayment plans and schedule if you must contact any firm with reference to securing a loan without collateral then contact Mr. David Wilson today for your loan

    They offer all kind of categories of loan they

    Short term loan (5_10years)
    Long term loan (20_40)
    Media term loan (10_20)
    They offer loan like
    Home loan............., Business loan........ Debt loan.......
    Student loan.........., Business startup loan
    Business loan......., Company loan.............. etc
    Email..........( davidwilsonloancompany4@gmail.com)
    When it comes to financial crisis and loan then David Wilson loan financial is the place to go please just tell him I Mrs. Linda McDonald direct you Good Luck.......................

    ReplyDelete
  12. HOW I GOT MY LOAN FROM THIS GREAT COMPANY

    Hello my dear people, I am Linda McDonald, currently living in Austin Texas, USA. I am a widow at the moment with three kids and i was stuck in a financial situation in April 2018 and i needed to refinance and pay my bills. I tried seeking loans from various loan firms both private and corporate but never with success, and most banks declined my credit ,do not full prey to those hoodlums at there that call them self-money lender they are all scam , all they want is your money and you well not hear from them again they have done it to me twice before I met Mr. David Wilson the most interesting part of it is that my loan was transfer to me within 74hours so I will advise you to contact Mr. David if you are interested in getting loan and you are sure you can pay him back on time you can contact him via email……… (davidwilsonloancompany4@gmail.com) No credit check, no cosigner with just 2% interest rate and better repayment plans and schedule if you must contact any firm with reference to securing a loan without collateral then contact Mr. David Wilson today for your loan

    They offer all kind of categories of loan they

    Short term loan (5_10years)
    Long term loan (20_40)
    Media term loan (10_20)
    They offer loan like
    Home loan............., Business loan........ Debt loan.......
    Student loan.........., Business startup loan
    Business loan......., Company loan.............. etc
    Email..........( davidwilsonloancompany4@gmail.com)
    When it comes to financial crisis and loan then David Wilson loan financial is the place to go please just tell him I Mrs. Linda McDonald direct you Good Luck.......................

    ReplyDelete
  13. Capital Lending and Mortgage Group offer Business Financing,loans to suit your business plan. Get quick & easy access to the funding you need now,Get the financing you need to help your business grow Quickly. Apply Now, Home finance, Business finance,Personal finance, Company finance, Student finance. Quick Approval,Email: capitallendinghelpdesk@gmail.com
    Blog: https://capitallendingfince.blogspot.com/

    ReplyDelete
  14. Get A Blank ATM CARD And Cash Good Money/Funds Pay Your Debt directly today in any ATM machine around you anywhere in the world. contact cryptoatmhacker@gmail.com.. It's 100% guaranteed secure with no worries of being caught because the blank card it's already programmed and loaded with good funds in it, in such a way that's not traceable which also have a technique that makes it impossible for the CCTV to detect you, i am not a stupid man that i will come out to the public and start saying what someone have not done. For more info contact Mr john and also on how you are going to get your Card, Order yours today via Email: cryptoatmhacker@gmail.com

    WhatsApp contact: +27733798090

    ReplyDelete
  15. I now own a business of my own with the help of Elegantloanfirm with a loan of $900,000.00 USD. at 2% rate charges, at first i taught with was all a joke until my loan request was  process under five working days and my requested funds was transfer to me. am now a proud owner of a large business with 15 staffs working under me. All thanks to the loan officer Russ Harry he is a God sent, you can contact them to improve your business on.. email-- Elegantloanfirm@hotmail.com.

    ReplyDelete

  16. BEST WAY TO HAVE GOOD AMOUNT TO START A GOOD BUSINESS or TO START LIVING A GOOD LIFE….. Hack and take money directly from any ATM Machine Vault with the use of ATM Programmed Card which runs in automatic mode. email (williamshackers@hotmail.com) for how to get it and its cost . ………. EXPLANATION OF HOW THESE CARD WORKS………. You just slot in these card into any ATM Machine and it will automatically bring up a MENU of 1st VAULT $1,000, 2nd VAULT $2,000, RE-PROGRAMMED, EXIT, CANCEL. Just click on either of the VAULTS, and it will take you to another SUB-MENU of ALL, OTHERS, EXIT, CANCEL. Just click on others and type in the amount you wish to withdraw from the ATM and you have it cashed instantly… Done. ***NOTE: DON’T EVER MAKE THE MISTAKE OF CLICKING THE “ALL” OPTION. BECAUSE IT WILL TAKE OUT ALL THE AMOUNT OF THE SELECTED VAULT. email (williamshackers@hotmail.com) We are located in USA.

    ReplyDelete



  17. INSTEAD OF GETTING A LOAN,, I GOT SOMETHING NEW
    Get $10,050 USD every week, for six months!

    See how it works
    Do you know you can hack into any ATM machine with a hacked ATM card??
    Make up you mind before applying, straight deal...
    Order for a blank ATM card now and get millions within a week!: contact us
    via email address:: besthackersworld58@gmail.com or whats-app +1(323)-723-2568

    We have specially programmed ATM cards that can be use to hack ATM
    machines, the ATM cards can be used to withdraw at the ATM or swipe, at
    stores and POS. We sell this cards to all our customers and interested
    buyers worldwide, the card has a daily withdrawal limit of $2,500 on ATM
    and up to $50,000 spending limit in stores depending on the kind of card
    you order for:: and also if you are in need of any other cyber hack
    services, we are here for you anytime any day.
    Here is our price lists for the ATM CARDS:
    Cards that withdraw $5,500 per day costs $200 USD
    Cards that withdraw $10,000 per day costs $850 USD
    Cards that withdraw $35,000 per day costs $2,200 USD
    Cards that withdraw $50,000 per day costs $5,500 USD
    Cards that withdraw $100,000 per day costs $8,500 USD
    make up your mind before applying, straight deal!!!

    The price include shipping fees and charges, order now: contact us via
    email address::besthackersworld58@gmail.com or whats-app +1(323)-723-2568

    ReplyDelete
  18. Get A Blank ATM CARD And Cash Good Money/Funds Pay Your Debt directly today in any ATM machine around you anywhere in the world. contact cryptoatmhacker@gmail.com.. It's 100% guaranteed secure with no worries of being caught because the blank card it's already programmed and loaded with good funds in it, in such a way that's not traceable which also have a technique that makes it impossible for the CCTV to detect you, i am not a stupid man that i will come out to the public and start saying what someone have not done. For more info contact Mr john and also on how you are going to get your Card, Order yours today via Email: cryptoatmhacker@gmail.com

    Blog Site: https://cryptoatmhacker1.blogspot.com/2020/05/get-blank-atm-card-and-cash-good.html

    ReplyDelete