(07/10/24) Dividends: A Tool to Help You Achieve Financial Independence – Moneyshow.com

July 4 marked the United States 248th Independence Day. While the holiday brings to mind fireworks, barbecues, and family gatherings, it is also a reminder of the principles of independence, self-reliance, and freedom that have shaped the United States. I believe in the power of dividend growth investing to build rising passive income and asset-reliant financial independence over the long-run, explains Ben Reynolds, editor of Sure Dividend.

The concept of independence extends beyond national sovereignty to individual autonomy. And individual autonomy is all-but-impossible without financial independence.

(Editors Note:Ben Reynolds is speaking at thePowerful Investing & Trading Strategies Virtual Expo, which runs Aug. 20-22, 2024.Click HEREto register)

Financial independence, much like the independence celebrated on July 4, represents freedom from external control (to a large degree) and the ability to make choices without undue constraints. There are two forms of financial independence: Self-reliance and asset reliance.

1. Self-reliant financial independence is when you can support yourself through your work. You are able to trade your time and energy to create economic value for yourself.

2. Asset-reliant financial independence is when the passive income from your assets exceeds your expenses. You no longer have to trade your time and energy to support yourself.

Regarding the latter, dividend growth investing can help you achieve it and it offers several advantages:

Financial independence is one aspect of a lifelong pursuit of true personal freedom. To practice dividend growth investing in the pursuit or maintenance of financial independence is to honor the principles of freedom and self-reliance that are at the core of what the United States represents.

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(07/10/24) Dividends: A Tool to Help You Achieve Financial Independence - Moneyshow.com