I have always been fascinated by passive income and now know that is my goal.  To receive enough passive income each month to pay my living expenses. I recently came across this website: www.dividendmantra.com and am addicted to his way of thinking and watching his dividend income grow.  About a year ago I had already started my own “play” investment account and without realizing the “why” behind it I had picked several companies that pay dividends.  Now when I invest that is the first question I ask — does it pay a dividend?  Case in point — I looked up Dollar Tree because I love this store and sadly found that they don’t pay a dividend, so at this point it won’t be added to my portfolio even though I can see them doing great things. I had also started a DRIP in Proctor & Gamble a couple of years ago and contributed a paltry $50/mo to it (it has recently been bumped up to $75/mo). I got the idea of DRIP investing from the Motley Fool.  In both of these instances I am reinvesting the dividend.  In the DRIP it just goes right back into PG, and in my investment account it goes into a holding fund where I can pick a stock that I want my dividends to buy (without a commission) and I have picked National American University (NAUH).

                              I am still embarrassingly new at this concept and strategy but am bumbling along and am watching my dividend income increase, albeit tiny amounts at this point. But that’s the point of my journey — to increase that.  I agree that dividend income may be THE most passive way to get income but at some point down the road I can also see myself becoming a landlord.  So although rental income is LESS passive than dividend income, it is still a dream of mine that I hope to one day realize.

                              At this point this blog is for my personal purpose — I hope to be able to look back at where I was and to see how far I have come over time. Excited to see where this goes!  Feel free to leave a comment or to say hello!