Part 3/6:
The Importance of Dividend Growth Investing
I practice dividend growth investing, focusing on companies known for increasing their dividends over time rather than seeking immediate high yields. This long-term strategy is aimed at maximizing future income rather than short-term payouts, ultimately culminating in sustainable living expenses covered by dividends.
Projected Income and Future Strategies
As I project out my dividend income growth, I assume an annual price and dividend growth rate of 7%, starting from a yield of 3.5%. While I targeted $2,500 in monthly contributions to my portfolio, my zero contribution this month emphasizes the unpredictable nature of investing.