Unexpected Benefit of Dividend Investing - Getting My Spouse On Board with Investing
My spouse and I moving in together coincided w/ my income substantially increasing. So I began thinking abt investing more seriously. And I started, bit-by-bit, investing a small but consistent amount every month.
Now, my spouse and I manage our finances together, and she was a bit skeptical w/ regards to investing and deemed it risky. Which meant I couldn't invest as much as I would have if I were single. (Example: She wants us to buy a car, whereas I don't care much for a car, so now I'm prioritizing saving up for a car more.)
I didn't push back as hard, as I knew she would be more open to it after she sees the dividends coming in.
Then the semiannual payment date came. For context, I have a mixture of stocks w/ monthly, quarterly, and semiannually dividends. So end of the half-year is the biggest dividend month for me.
I showed her the dividends. And boy boy, who would've thunk.
She's still not as enthusiastic abt investing as I am, but now I can actually invest amounts that I feel actually lead me closer to FIRE.
And every quarter, I'll just show her my dividend payouts. Just to keep the fire going.
Dividends are the way 🤞