TSLA - Why Investing For Dividends Can Help Build Wealth

2024-04-23 06:30:00 ET

Summary

• The average pay increase for an employee is 4.84%. Investing in dividend-paying stocks can give investors higher pay raises without the need to work countless hours.
• Warren Buffett's endorsement of dividends sparked my interest in this investment strategy several years ago.
• I list several benefits of dividend investing and why it is a smart way to build wealth.
• Dividend investing can help alleviate the need to work well into old age. They're also a good way to fight inflation and limit your downside while investing.
• Several military retirees have to find 9 to 5 jobs after spending 20+ years in the service, usually because of high debt, family size, or preferred lifestyle.

Introduction

Joining the U.S. Navy two months out of high school, I knew I wanted something more out of life. After joining the military, I quickly realized that there were a lot of military service members who didn't invest, at least stock in the market. And definitely not for dividends. I would hear some members talk about investing in crypto, or their 401k's, but never did they mention dividend investing....

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