I expect you’re probably wondering how dividend stock investing has anything to do with video games. I am a gamer, but I also have bills to pay. It can be difficult to rationalize spending money on games when money is tight, especially if you’re saving money. I propose that you save the money you can now, so that your investments buy the video games for you later. So how does dividend investment benefit gamers?
Automate Your Gaming Costs
I have a history with MMORPGs, specifically World of Warcraft. This means every month, I need to pay a subscription fee if I want to play. In the past, this would mean that if I couldn’t justify the cost, I wouldn’t play. Dividend Stocks pay a set amount of money on a regular schedule, which can make them ideal for reliably covering the costs of your subscriptions. Additionally, any increase in value to the share price is adding to your savings. For instance, to cover a $14 per month subscription, you would need 55 Shares of McDonald’s (MCD) paying out a little over $42 every quarter. If subscription based games aren’t your thing, 78 shares of McDonald’s makes your quarterly dividend over $60, which pays for a brand new console game. These examples may seem like large investments, but once you start saving you’ll be surprised how quickly your wealth builds up. Additionally, these dividends essentially allow you to keep your hobby covered without breaking your budget.
Free Time to Work Less And Play More
The last example was more of a Level 1 Investor example. Once you’ve been saving and investing for a long time, your dividends can replace part of your income (or all in the case of retirment). What this means is that you can afford to have more time to yourself to game. Time is the most valuable resource any of us have. Maybe video games aren’t your dream and you’d rather travel, read, or enjoy your time in your own way. When your dividends are covering your costs of living, you have the freedom to use your time however you see fit.
Taking Back Control
One of the most appealing aspects of a video game is the sense of agency. In the real world it feels like we have no control, our lives are governed by bosses and/or clients. Video games put you back in control, and you are the master of your destiny. You may not be able to control how the market values shares of a stock, but you can choose where you want to invest your money. If you don’t want to buy shares of Johnson and Johnson (JNJ), you don’t have to. If you’d rather roll the dice on a riskier higher yield dividend stock, that’s your choice, just make sure you do your research. I take a lot of pleasure in picking stocks each month, because I’m in complete control of where that money goes.
Time is money, and dividends create time. What hobbies or games would you pay for with your dividends? Or would you just reinvest them to grow your wealth?
Let me know in the comments!