Thursday, September 3, 2020

Dividend Update August 2020


 
What's up guys, welcome back to the Dividend mascot blog. This month I was nothing but 100% brutal with forcing this wealth to go higher. I was doing the usual 14 hours days but really wasn't cutting it. Then I was like " alright that's it, lets take things even further" now 16 hour days. (Brutal determination). So at age 25, I have surpassed $40,000+ and I don't even realize it. The only number I have in mind right now is $100,000. I at least wanted to go past $40,000+, because there's been a change in plans. At this point income-wise I've hit my "limit". The airline industry has run its course for the last 5 years so now its time for a change.

So here's the big news....... I plan on getting my CDL A license and go trucking Over The Road (OTR). Been thinking about this for a loooooooong time. What high-income career would I want to do? Before we get to all the cool stuff I love to do on this blog lets go over the dividend income.







Roth IRA




Total: $89.99




Taxable Account 



Total: $36.21




Grand Total: $126.20

YoY: 34.97%

Purchases: 5 shares of ED, 3 shares of PM, 5 shares of VZ & 3 shares of VCLT



Alright, so the taxable account is officially done for the year. I just announced I hit $10,000+ last month, now its currently sitting at $11,500+. Brutally forcing the accounts to grow, which will then result in the compounding effect to go crazy. A solid 4 holdings portfolio for early passive income for age 40. I want to achieve the 90-degree wealth curve early in life. A story of a young man filled with ruthless determination ready to win. Also to put on a good show for the retirees to sit back and watch. 


This clip below of Anakin Skywalker in this duel from the star wars prequel describes exactly how driven I was to hit $40,000+ in the month of August. He's young, ruthless, and 100% aggressive. Exactly how bad I want to win.



Brutal Determination $40,000+

on $12.67 an hour





The closer I get to achieving $100,000 in my 20s the more ruthless and brutal I get in this game. I absolutely love creating blogs like this, it makes the story/blog come alive. Like its a movie, I wish Dave Ramsey could just sit back watch this story, and be impressed just like Chancellor Palpatine in the clip above was impressed by Anakin's duel. Believe it or not, it was actually Dave Ramsey that created this monster a long time ago, it was not Warren Buffet, Charlie Munger, or even Kevin O'Leary. Anyways I have even more news to discuss that could make this investing story even more ridiculous.



A change in plans

Alright so lets cut to the chase, so I plan on going (OTR) Over the road trucking most likely for a company named Prime inc. Unfortunately, I can't even test for my CDL permit license until January 2021 because everything's been backed up from the pandemic crisis. So since I have all this time before I even call a recruiter/ or apply to any trucking companies to make the switch, ill temporarily stop investing until I get my savings up to $5,000 which in all honestly won't take very long. Once that's complete, then ill go back into investing. This is the savings cushion I want to be set during the small window of no income coming in while I'm going through orientation and training on a truck with an instructor to test for the CDL A license. Once I passed, I automatically become an employee ready to complete a 50,000-mile training phase with a trainer over the road. Once I get my hands on a CDL A license and go OTR its a checkmate for semi-retirement. At that point, I don't think I would even need to wait until 40 to have dividends pay for my bills while still working. Sadly none of this process will even start until next year so this is basically my plan for 2021. Plus when I take my CDL permit test I plan on going the extra mile and getting every endorsement and anything extra to make my license look impressive when I apply to Prime inc. or any other OTR companies. 


For anyone who is currently in the trucking industry reading this, I plan on going Flatbed 😎. So to make this simple there's basically 4 main trucking categories plus a bunch more but these are your main ones. There's refrigerated (reefer), dry van (dry freight), tanker, and then there's flatbed. Another reason I love flatbed is that you usually deliver in construction areas, I love construction. When I saw videos of flatbed trucking I was like "now that's what I want to do". 


Physical work in all types of weather is what I do best because that's basically what I do now for American Eagle. I Also worked for Spirit Airlines in the past, don't matter if its hot, cold, windy rain, or snow you have to go out there and service that plane. 5+ years of experience in all kinds of weather so this may give me the edge going into the flatbed division and besides I want to stay fit as a trucker too. Anyways that's it on that topic. Here's a cool photo of a Prime inc. flatbed truck below to end off this blog.







Alright, guys I usually don't make my blogs this long so I hope you guys enjoyed it. If you want to view the entire portfolio all you need to do is click the portfolio tab above. As always fellas keep stacking that sweet dividend money and ill see you guys next time 😉.








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