Goals

Wouldn’t it be great to just kick back on the beach with a beer? I bet you said yeah. Now, wouldn’t it be even greater to kick back on the beach with a beer while MAKING MONEY? Even better.

I’ve made a plan to contribute $1, 500 / month to a financial independence fund (starting with $6000). Assuming this investment fund could receive a semi-conservative capital appreciation of 7%, while yielding a 4% dividend (not even taking dividend growth into account), by the time I turn 50 (in 29 years), I would have $4 million, while receiving $150, 000 in dividends WITHOUT even touching the $4 million I would have grown.

You can see the entire plan and the math behind it right over here in a very simple, easy to understand spreadsheet: Dividend Goal / Year Spreadsheet

Of course, 29 years is a long time, and to keep myself motivated I’ll focus in on a slightly shorter term – until I’m 40, for now. By the time i’m 40, I’ll have grown this $1500 / month (starting with $6000) into $1.2 million and will receive $47, 000 annually in dividends if I achieved a capital appreciation of 7% annually. While this is semi conservative, I’ll lower it to a conservative rate of 5% per annum to create a small buffer and allow myself to definitely keep a great track record.

At a capital appreciation of 5% per year, while contribution $1500 / month (starting with $6000), by the time I’m 40 I’ll have $922k while receiving roughly $37000 / year in dividends, this equates to $3, 703 / month — for not doing anything other than having the foresight to invest in these incredibly dividend growing companies.

Yeah, I’ll be sitting on the beach with a beer making ~ $35, 000 / year doing whatever I want.

Below are listed my annual dividend goals. Dividend investing is a snowballing process which starts off slowly and grows into something magnificent. Achieving these goals will test my patience and discipline, but the rewards are well worth it. According to these goals, by the time I’m 32 I’ll be making $1000/month as I go about my day, sleep, eat and relax! And by 40 I’ll receive nearly $3000/month for doing whatever I please!

I am currently age 22. You can view my monthly dividend income summarized here.

Age Year Annual Dividend income ($) Monthly Dividend Income ($)
22 2016 500 41
23 2017 1000 83
24 2018 1750 145
25 2019 2750 229
26 2020 4000 333
27 2021 5250 437
28 2022 6500 541
29 2023 8000 666
30 2024 9500 791
31 2025 11000 916
32 2026 13000 1083
33 2027 15000 1250
34 2028 17500 1458
35 2029 20000 1666
36 2030 23000 1916
37 2031 26000 2166
38 2032 29000 2416
39 2033 32000 2666
40 2034 35000 2916

2017 Financial Goals

  1. Have a net worth of $85, 000. 
  2. Increase my salary by at least 15%.
  3. Receive $3,000 in dividends for the year.
  4. Increase my 12-month forward dividend income to $3,300 ($275 monthly).
  5. Collect $200 from Google Adsense.
  6. Read 12 books.
  7. Save at least 60% of my after-tax salary.

2016 Financial Goals

  1. Have a net worth of $60, 000 – succeeded. 
  2. Increase my salary by at least 15% – failed (company had troubles).
  3. Receive $1,750 in dividends for the year – succeeded.
  4. Increase my 12-month forward dividend income to $1, 800 ($150 monthly) – succeeded.
  5. Collect $200 from Google Adsense (was short by $15).
  6. Collect $50 from Affiliate Sales – failed (didn’t focus enough).
  7. Read 12 books – succeeded.
  8. Save at least 60% of my after-tax salary – succeeded.

2015 Financial Goals

  1. Receive $500 in dividends for the year – succeeded.
  2. Have a net worth of $40, 000 – failed.
  3. Receive $50 of income from a mobile application – failed.
  4. Receive $10 from blogging – succeeded.
  5. Receive 6.5% in capital gains – failed.

These goals were set on April 1st, so the $500 in dividends spans from April to December – as well as for goal 3 & 4.

You can check out how I did on my 2015 goals in my review post.

  • Nice set of goals, DB.
    The fact that you are starting so young will be one of the biggest contributing factors towards your future wealth. The time in the market is what counts.

    I wish you the best and look forward to following your journey.

    cheers
    R2R

    • Hi R2R!

      Yes, I’m very happy to be getting into the investment world at this age. I know that it will propel me into places and finances I never thought possible. Time in the market; absolutely buddy!

      Thanks for commenting, and I will most definitely follow you as well,
      Dividend Beginner

  • Love the chart that you have posted above. I am practically on the same path as you have there. I’m 27 and this year will make about $4,500 in dividend income which matches up pretty closely to the $5,250 you have above. I suspect that I will catch up to the $6,500 and perhaps surpass that total when I’m 28 because my wife and I are contributing roughly $2,500 per month to investing.

    I wish you success on your journey. Starting so young is the best thing you could have ever done. Congrats for finding investing so early!

    I look forward to following your journey.

    ADD

    • ADD,

      Thanks! I’m quite proud of the chart, in fact… The annual dividend payout of $6500 by 28 would be incredible bud! I find looking at it as $541 a month is even more rewarding. All the bills and expenses you could pay with this money, and then use the savings towards more investments is just a very sure, yet simple way to become wealthy over time – and keep that cash flow coming in. $2500 a month going towards investments with your wife is just fantastic. Wish I could put in that kinda cash.. Gotta find me a wife.

      Hopefully I’ll be there as well by 28, just like you will!

      Best regards,
      DB

  • Hey Dividend Beginner. Thank you for sharing your journey with us and I hope you hold yourself accountable and follow through with the chart above. Consistency will be a key factor. I’m incredibly impressed by the fact that you are only 21! Congratulations for finding a piece of the puzzle at such a young age. I’m happy for you and hope you recognize that you should take advantage of this HUGE HEAD START.
    You’re do fantastic and I wish you the best. I’ll be travelling side by side with you so hang on tight for the wild ride. Cheers my friend.

    • Hi DH!

      Thank you for following along. I am betting I will be able to achieve these goals if I keep all of this hustling up. The only issue I could see would be going back to school, but would try to still see if my boss would let me work full-time off hours.

      I’m grateful that I found investing and know it’ll be crucial to one day retiring the rat race successfully. Hope to see you around man.

      Best regards
      DB

  • Hey man,

    I got stumbled upon your website and I just wanted to say that you have great writing skills. Your posts are so easy to read and understand. You’re making a great choice by starting investing at such a young age. It looks like you are on the right path and I’m positive that you will do well in your endeavour.

    Dividend investing is a long road and there will be bumps ahead, but with little patience, discipline and consistency you will prove yourself right. I wish you all the best and it will be my pleasure following your investment stories and analysis and stocks and such. You’re on my blogroll!

    Take Care!

    • Hi GK,

      Thanks man! I’m glad my content is easy to read and understand. I’ve been writing since I was little and it always used to be a passion of mine. Mixing that in with finances and investing, my newest passion, and I’ve got something pretty nice over here.

      I can already tell there will be and already have been minor trials and tribulations, I believe as time goes forward I’ll become more accustomed to watching my net worth fly up and slam down every once in a while. Doing my best not to check my portfolio too often since in the long run, it’s all just noise.

      Take it easy GK
      DB

  • Hi there DB,

    I am a beginner myself, we actually started pretty much at the same time, and I have to say that I am impressed with your early results (and blog). Very good work, I am going to add you to my “reads” 🙂

  • Hi Stalflare,

    It’s nice to see other beginners out there! I’m hoping once I become experienced enough I can turn this dividend “beginner” status around and help other beginners to getting where they want. I’ll check your site out too! Thanks for commenting bud, hope to see you around here in the future!

    Best regards
    DB

  • Having a plan is a very good start. Starting this young is just amazing. You plan to retire around the age that I discover all the FIRE blogs.
    I wish you all the best on your journey

  • As per Amber Tree above, it’s incredible that you have a plan and have made a great start at such a young age.

    I’m a little over a year into dividend investing myself and I too hope to see a snowballing effect, albeit at a slightly slower rate than yours, as DGI is only part of my overall investment plan.

    Good luck and all the best with your goals.

    • Hey weenie,

      Thanks for the kind words. If I didn’t start at this young age, I have no idea how I’d deal with the stress of achieving financial independence at a later age.

      It’s great to meet a fellow dividend investor, and I’m sure you’ll have that snowball rolling soon enough!

      Thanks for visiting,
      DB

  • These are some nifty goals, dude. I believe in ya and your determination. You ll definitely hit that contribution you re onto and are on track for those desired dividend payments.

    • Hi Rafael,

      Thanks for your support. I’m definitely looking forward to it. It already feels like it’s taking so much time. What a long journey… The outcome is definitely worth it though.

  • Dear dividendbeginner.com,

    Just wanted to check if you accept outside contribution / sponsored posts.

    I’m Ariaa Reeds – a freelance writer and digital marketer. I write similar articles about business/technology/finance, so kindly guide me through with the process.

    Looking forward to hearing back from you.

    Regards,
    Ariaa

  • Just found your site! Very cool. I’ve been investing since I was 21. Bought 15 shares of AAPL at 40 bucks a share, sold them for 60 lol. Since then, two 4-for-1 splits, and a 7-for-1 split along with their meteoric rise. I sometimes run the math and have a good laugh heh.

    My parents had different investing styles. Mom likes the turtle race, and Dad liked the fast and loose Canadian penny stocks. I’ve learned a lot from both of them. I like that I’m comfortable with both of their investment styles. That said, I see eye to eye with you and Mom on dividends and slow growth. Dad passed recently and left a nice sum from his many years of investing and real estate ownership.

    Heres the other thing, I’m like you in that, I like beer. I don’t plan on working until I’m 70, I like fishing too much for that (I’m 44 now).

    My current dividend holdings include: DIV.TO, AQN.TO and DGS.TO. Glad I found your site, I dig your site and appreciate your insight.

    How do you feel about DIV.TO?

    Cheers,
    Dennis

    I appreciate your site and your plight my dude!

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My publishings on dividendbeginner.com references an opinion and is for information or entertainment purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice. I am not responsible for any decisions you make concerning finances, taxes, or investments. You must perform your own research and always take caution when extending capital.