Dividend Investor Who Started ‘Homeless and Penniless’ Now Earns $4,800 a Month, Reveals Top 5 Stock Holdings

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The lure of dividend investing is increasing as beginner investors want to protect their savings against inflation and market volatility. Data from S&P Global shows the S&P High Yield Dividend Aristocrats outperformed the S&P Composite 1500 and S&P 500 High Dividend Index during down markets. But the benefits of dividends go beyond just surviving market downturns. Many investors are funneling their money wisely into dividend stocks to create wealth and become financially independent.

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In August 2022, a dividend investor shared his fascinating success story on /Dividends, a Reddit discussion board for income investors. The investor said years ago he was extremely poor and, at one point, homeless. But then he changed his mindset about money and started stashing away small amounts to invest.

“I started with nothing – actually less than nothing – was homeless at one point and owed the IRS 50k. I just changed my way of thinking about money and started saving; my first goal was 10k,” he said.

The investor shared screenshots of his portfolio, which showed that his investments were earning about $4,800 per month in dividends or $57,751 per year.

Starting With a ‘Single Hundred-Dollar Bill’ to Invest

The story received an outpouring of responses on Reddit, drawing comments of appreciation and questions. Answering a question, the investor said he started investing in 2013 and increased his focus on dividend stocks in 2016-2017.

“I started with a single hundred-dollar bill out of a paycheck. I swear on my kids I was homeless and penniless 10 years ago. I made myself a self-made millionaire by changing the way I thought about money and super-saving, working a regular hourly wage job. It can be done; it wasn’t easy but possible,” he added.

Living Below Means to Increase Wealth?

The investor, who said he was a heavy equipment operator, was repeatedly asked how he saved up for the initial investment.

“Basically chased every opportunity to increase my earnings: better jobs, side jobs, tons of OT and saved every penny – living below my means and saving/investing the difference. If you make a million dollars a year but spend 999,000, you’ll never have money. If you make 100k a year but can live off 30k and save the rest, you’ll be rich. It’s just a matter of time – you can apply that principle to any salary,” he replied.

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