Your Step-By-Step Plan to Getting Rich Without Living Like A Monk

Posted On July 13, 2017 1:39 am

investing, getting rich, saving money

In a recent article I explained my horror at how my fellow Millennials were investing their meager savings.

I also promised to explain how one can go about using the awesome wealth and income compounding power of dividend growth investing to achieve true financial independence, without a lifetime of almost-pathological (ie Monk like) frugality.

In other words, how to have your wealth cake, and eat it too.

No, I haven’t gone mad, nor am I some snake oil salesman, trying to separate you from your money by promising the impossible. Rather, I’ll now explain a simple way to grow one’s savings at impressive rates, and then use it in a sustainably way to finance an exponentially-growing material standard of living.

About author

Dividend Sensei
Dividend Sensei

I'm an Army veteran and former energy dividend writer for The Motley Fool. I currently write for both Seeking Alpha, Simply Safe Dividends, and DividendSensei.com My goal is to help all people learn how to harness the awesome power of dividend growth investing to achieve their financial dreams, and enrich their lives. With 22 years of investing experience, I've learned what works and more importantly, what doesn't, when it comes to building long-term wealth and income streams. I'm currently on an epic quest to build a broadly diversified, high-quality, high-yield dividend growth portfolio that: 1. Pays a 5% yield 2. Offers 7% annual dividend growth 3. Pays dividends AT LEAST on a weekly, but preferably, daily basis