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The Making of a Cash Firehose – Hard Money Real Estate Loans

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Dividend FIREman is attempting to reach financial independence by creating several different passive income streams (I call them Cash FIREhoses).  You can view all of my Cash FIREhoses here. I have built up these different Cash FIREhoses to (hopefully) achieve some diversification beyond stocks and bonds in my portfolio.  The Cash FIREhoses are a mutual fund portfolio, a dividend stock portfolio, a high interest online savings account, a rental home portfolio, and the real estate loan portfolio highlighted in this article. My ultimate goal is that collectively my Cash FIREhoses will generate enough cash flow to support my family by the time I retire.  Right now my retirement date goal is roughly 10 years from now, which would be age 63. This means that for me, FIRE is "Financial Independence, Retire…
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Money Mistake Series – The Time I Spent $8,000 on Grass

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Hello and welcome to the first post in the Dividend FIREman Money Mistake Series.  In this series, I will talk about some unfortunate financial mistakes I have made, and the lessons I learned from those mistakes. I'm happy to report that these mistakes were mostly made by Young FIREman, in the distant past.  But that doesn't make them any less painful!  Especially when you consider how much that money would be worth today, or when I retire in the future. A persistent theme in these posts will be a tough lesson I have learned over the years: money is REALLY HARD to earn, yet REALLY EASY to spend. If you ever lack for something to do on a weekend night, recall a distant financial mistake, and run the numbers to see…
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Your Stealth $2 Million Asset – Investing in YOU

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If you had a $2 million asset generating income every couple of weeks for all of your working life, would you try to protect that asset? Would you care for it, nurture it, and make it grow? Of course you would.  And here's a surprise - you do have that asset. It's YOU. If you have a college degree, you should on average earn over $2 million in your career.  If you have an advanced degree, it will be even more. If you are a doctor or a lawyer, you are likely to earn over $4 million in your career. The U.S. Census Bureau recently put out a report entitled "The Big Payoff: Educational Attainment and Synthetic Estimates of Work-Life Earnings." The report shows that over a lifetime, on average:…
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The Making of a Cash FIREhose – Rental Home Portfolio

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Dividend FIREman is attempting to reach financial independence by creating several different passive income streams (I call them Cash FIREhoses).  You can view all of my Cash FIREhoses here. My ultimate goal is that collectively my Cash FIREhoses will generate enough cash flow to support my family by the time I retire.  Right now my retirement date goal is roughly 10 years from now, which would be age 63. This means that for me, FIRE is "Financial Independence, Retire (a little bit) Earlier," since I have always planned to work until age 70, the date that my law firm mandatorily "retires" partners who have hung around that long. If my Cash FIREhoses generate enough income prior to age 63, I will take the FIRE leap earlier. I will do a future…
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The Dividend FIREman Dividend Stock Portfolio – March 2018 Income Report

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Hello and Happy Easter!  March 2018's cup runneth over, as Dividend FIREman experienced his best dividend income month so far in 2018. This Cash FIREhose is beginning to gush. 😄 I have summarized the March 2018 results below.  I have also summarized some changes to the Dividend Stock Portfolio. You can view my full Dividend Stock Portfolio here, updated as of April 1, 2018.  In March 2018 we received $804.78 in dividends from this account, all of which was reinvested. Finally, I also updated my overall passive income portfolio of Cash FIREhoses.  You can view the updated overall passive income portfolio here.  In short, the overall $1.4 million portfolio of Cash FIREhoses (including my mutual fund portfolio, hard money real estate loans, and rental properties which have come online in the…
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Kroger – Dividend Growth Opportunity or Value Imposter?

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Hello and welcome to the next installment of Dividend FIREman's Stock Analysis Series (SAS).  As I transition my beginner's stock portfolio into a mature dividend portfolio, I will be evaluating certain of my stocks (most purchased in my early investing days) to determine whether I should hold the stocks, or sell and reinvest the proceeds in a manner consistent with my dividend portfolio objectives. Today we are going to discuss one of the first stocks I purchased as a new investor back in 2012, Kroger (NYSE: KR).  I own almost 392 shares, with a current market value of roughly $9,400 as of Good Friday 2018.  My average price paid is $21.14.  The stock is currently priced at $23.94, which means that I have an overall gain of roughly 13 percent,…
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The Dividend FIREman Dividend Stock Portfolio – February 2018 Income Report

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As Dividend FIREman marches ever closer to financial independence through passive income, it is useful to periodically evaluate the progress of his cash-flowing investments. As described here, we are building five different cash-flowing machines (Cash Firehoses). A couple of weeks ago, I updated the overall portfolio here. Each of these investments is working 24 hours a day, 7 days a week to generate income for my family, even when I am sleeping, writing these blog posts, spending time with the family, or just horsing around.  It's like I have planted money in the ground! At present all of this passive income is reinvested. But when the passive income gets high enough, Dividend FIREman will begin living off of those income streams, and say “sayonara” to (or at least “jā matane”)…
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GE Stock : Is the Sleeping Giant Waking Up?

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UPDATE ON MY DECEMBER 26, 2017 POST In December 2017, I analyzed GE and evaluated whether to sell, buy more, or hold my position. You can read my post here. I ultimately decided that I believed in the plan outlined by new management, and that I would maintain my position in the venerable company that brought us the light bulb and the jet engine. I said at the time that the stock was unlikely to recover anytime soon, and that it might go down further before it starts to go up. But I also that I could be sitting on thousands of additional losses, and regretting the opportunity to get out while the gettin’ was good, if the outlook for GE didn’t improve. At that time, GE’s stock was trading…
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Being a Brand New Blogger – Single Digit Traffic Reports

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Hello passive income fans! It's been a couple of weeks since my last post. Sorry for the deafening silence. The trouble with being a trial lawyer is that sometimes you ACTUALLY HAVE TO GO TO TRIAL. We were preparing for (and then in) trial over the last two weeks. Being in trial is unfortunately not conducive to blogging. For some reason the judge wants me to listen to him rather than type away on my computer. 🙄😄 The good news is that usually trials mean money, which means I should have some additional capital to invest next month. Yay! Beginner Blog Statistics Like most of you, Dividend FIREman has roughly a dozen half-written posts in the hopper, and I logged in tonight with the intention of finishing one of those…
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January 2018 Portfolio Review

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Dividend FIREman’s grand experiment in creating passive income through his various Cash FIREhoses is now underway – almost two months under my belt so far. Let’s take a look at my five (5) Cash Firehoses as of January 31, 2018, to see how we are doing so far from an income standpoint. The total equity value of all investments on January 31, 2018 was $1,446,853. The total income from the portfolio in January 2018 was $1,697.94. Here is how the January 2018 income breaks down: CASH FIREHOSE                              VALUE           JANUARY 2018 INCOME   Hard Money Real Estate Loans     $114,928      $570.64   Dividend Account                            $371,613       $586.64   Mutual Fund Account                     $738,494       $366.17   High Yield Savings Account          $130,818       $138.09   Rental Homes                                  $91,000      …
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