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. <\/p>\n
The concept of independence extends beyond national sovereignty to individual autonomy. And individual autonomy is all-but-impossible without financial independence. <\/p>\n
(Editors Note:Ben Reynolds is speaking at thePowerful Investing & Trading Strategies Virtual Expo, which runs Aug. 20-22, 2024.Click HEREto register) <\/p>\n
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. <\/p>\n
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. <\/p>\n
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. <\/p>\n
Regarding the latter, dividend growth investing can help you achieve it and it offers several advantages: <\/p>\n
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. <\/p>\n
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(07\/10\/24) Dividends: A Tool to Help You Achieve Financial Independence - Moneyshow.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" 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 Continue reading