I spent a lot of money on booze, birds and fast cars. The rest I just squandered. - George Best

Booze, Birds, and Fast cars.. I’ve separated myself from all 3 of these vices for the greater good but now it’s time to reflect a little with some pictures of mine.

;

It’s been a fun one this life I’ve lead but I’m a profound believer in making your money work for you, someday you’re going to need to retire(or up and decide to move to the beach) and if you’re like me you don’t want to be worrying about pinching pennies once you’ve finished working.

Living out here I’ve cut myself off from pretty much all these temptations. When I was deployed to Kuwait I sold my 350Z =( , I really couldn’t justify making a car payment while sitting in the Desert only to watch it depreciate on me. “Depreciation” - the killer of all things that are fun. I sure do wish Lamborghinis paid Dividends, last time I checked my portfolio still hasn’t gotten me laid.

Ah well, on we go to that lousy word “Sacrifice” - The majority of the population needs to make sacrifices if they plan on getting ahead and not just looking like they’re ahead, ala the Lamborghini you can’t afford to change the tires on. My plan is working out so far, I’m investing roughly 90% of what I make and using the other 10% to go nuts on vacation. (Free food and housing: awesome! - mortars: - not so awesome)

I’m not going to pretend that most can live off of 10% of their income even skipping the Vacations but I highly encourage you to find a way to sock away at least 50% of your earnings. My goal, and frankly everyone’s goal should be to live off of their investments and not off their income. Seems obvious enough but most don’t even think about it. Want a $40k car? Put that money down on a multiplex and have the rent pay your car note. Better yet, skip the car and invest the rent in Dividend paying stocks. Let the compounding magic work for you.

You might not be able to live your life like a Rap Video but it pays off in the end. If you’re making $60K a year and you’re able to invest $30k in Dividend payers such as JNJ, KFT, PEP, KO, PG, and DUK in 10 years you’ll be well on your way to having a growing, compounding, dividend paying beast of a portfolio. You can continue to work and reinvest the dividends or even work part time and supplement your current income with your dividends.

I don’t foresee any of these companies dropping off the map in 10 years so the Dividends will keep on growing and flowing like clockwork. A Dividend that averages a 12% increase a year doubles every 6. Inflation will be no match for your portfolio. Reinvest, supplement your current income, or my favorite….Party like a Rock Star in Thailand a few months a year. The choice is yours..

This Guy

Or This Guy?

What’s it going to be?

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