The following is a guest post from Save Stacks
There are many routes to financial independence. The average Joe works at his job for 30 years and ends up with a nice fat pension. Most people reading this blog are taking a different approach, to limit time in the work force. The most common methods are usually dividend investing or real estate to reach FI. I’ve gone on a completely different path, investing in the newly forming MJ industry.
Start of My FI Journey
I started my FI journey like others, stumbling across a blog like this one. You end up catching the bug, thinking there is a different way of life than being a cubicle slave.
I was on the verge of buying a $70,000 truck, luckily I was saved just before making that mistake. Instead I started buying my company stock options, which pay out a decent dividend. I was now obsessed with getting more dividend income.
Dividend stocks are awesome, paying you 5% per month and also gaining value at the same time. A lot of wealth has been generated from dividend stocks. Kevin O’Leary from the Shark Tank only buys dividend paying stocks.