I started saving money and taking care of all my debt. I took care of my student loans as well as my car in 10 months which was a total of about $19k. I am debt free which feels great.Once I took care of all my debt, I was interesting in finding a way to get passive income. My parents own two property. One is a house and the other is a condominium. I thought I would get a property for myself to rent out and start getting passive income from it like my parents. Since the market crash in 2008-2009, the house market was very cheap. However, I started looking for a house when things started to pick up in early 2013. By this time the houses were getting to be more and more expensive for me to own. So I gave up on looking for a house to rent.
I still wanted to get a way to get passive income some how. I was doing a lot of research and I finally learn about dividends. When I found out about dividends and the benefits, I realize that this was the way for me to build passive income to cover all my expenses.
I found and follow other people that blog there journey with building passive income with dividends. This help me to decide to create a blog of my own and to track all my successes and failures.
Hey FFD,
ReplyDeleteI found you from DMs blogroll. Congratulations on the progress you're making. You might want to add a "contact me" tab or email address to make it easier to communicate with the community. Just a thought. We're all helping each other reach our goals.
-Bryan
Bryan,
DeleteThanks a lot. That's a great idea. I'll add that.
Hi FFD, nice i found your new blogg, i startet to be a DGI also in 2013. im 23y. old dude from switzerland, and i keep on readying about Graham and Buffet also C.Carneval so maybe whe are quit similar:). Fastgraphs is a awsome tool. Nice you found that too for your research.
ReplyDeleteso i wish you for the futur all the best and a successful 2014, best regards, Nova
Great to see another blog on the same path! Best of luck man!
ReplyDeleteThanks AG. :)
DeleteWe have similar stories, except I think I am 10-years old :-(
ReplyDeleteI work in IT and started blogging after reading great financial blogs. Keep up the good work sir.