Happy Saturday everyone. It’s raining cats and dogs here in the Bay Area. Rather than deal with the weather, I’ve decided to sit by the fire and write a blog post. My latest blogger interview is with Earn Money In Pajamas.
What a great name for a blog. One of my dreams is to make pajamas my Sunday’s best wardrobe. Once I’m independently wealthy, I suspect PJs will be my go to outfits ;-).
Earn Money In Pajamas is a blog that focuses on ways to make money without getting dressed. By day Earn Money In Pajamas is a teacher. By night Earn Money In Pajamas is a dividend growth investor and in is pajamas, he researches ways to make money online.
Earn Money In Pajamas dividend income growth is growing at a fantastic trajectory. He earned $20.91 in 2015. So far this year Earn Money In Pajamas has made $141.48 in dividends. If he can keep up this pace, the snowball will be unstoppable.
If you missed any earlier interviews, here’s a link to all of my blogger interviews.
Earn Money In Pajamas Interview
Where do you live?
I’m a High Plains drifter in windy Western Kansas.
What are your hobbies?
I like to read quite a bit, and I really, really like to travel. I used to golf quite a bit, but don’t have as much time to do that any more (and decided that the cost is not really worth the benefit of frequently playing).
Which countries or major cities have you lived in or traveled to?
I’ve never lived in a major city, but I’ve visited quite a few. I’ve been to LA, Honolulu, St. Louis, Denver, Atlanta, London, Paris, Madrid, Prague, Nairobi, and several others that aren’t quite as big or impressive. I’ve been to about 38 US states, 5 Canadian provinces, Mexico, Aruba, the UK, France, Spain, the Czech Republic, Honduras, and Kenya. I’ve also been on the ground for layovers in Belgium, the Netherlands, and Rwanda.
Which sports or teams are your favorites?
I really like college football and basketball, but I also follow the NFL and NBA to some degree. I follow WVU in college sports after having been born in West Virginia and having lived there for most of my life. I’ve been a fan of a certain NFL team in Washington that has a politically incorrect name since childhood. My second favorite NFL team is whoever happens to be playing the Dallas Cowboys.
I’ve been a life-long LA Lakers fan since the days of Showtime, and I got the opportunity to see them in person at Staples Center last year (spring of 2015). That was pretty cool, but Kobe Bryant was out hurt, so that was pretty not cool. At least I did get to see the statue of Jerry West outside the Staples Center. He’s one of WVU’s most famous alums, and he’s even the NBA logo.
What’s the best vacation you’ve ever taken?
I’ve been on several really cool trips. Going to Madrid and Paris over spring break this year was probably the best recent trip. Paris has been on my bucket list for a while, and Madrid was a good secondary choice for an open-jaw trip.
When you were a child, what profession did you want to be?
I had dreams of playing in the NBA. Yeah. That didn’t work out so well.
What is your career today?
I teach at the college level after having taught at the high school level previously.
What is your primary motivation to reach financial independence and retire early?
I would really dig retiring early, but I’ve gotten a later start at building a portfolio than many of those in the dividend investing community. I’m hoping that my dividend income will supplement my pension and SS (if it exists) so that I can eat something other than cat food as a retiree. I hope that I can also travel for as long as I can.
At what age are you planning on retiring?
If I could cut out full-time work at 55, I wouldn’t be too terribly disappointed. If I was 20, I’d say 35 or 40. I’m not 20, though.
What’s the first thing you’ll do when you retire?
Hopefully some more of that travel thing. I love visiting famous tourist sites and learning about various cultures while at it.
If money were no object, but you had to have a job what would you do for a living?
If I couldn’t be a full-time travel blogger, which I’m not, I’d probably just do what I do right now. I enjoy it, and I spent quite a bit of time, effort, and education getting to the point that I could get the job that I have.
If you could go back in time, what investment advice would you give to your past self?
I would probably go back and tell myself to buy as much Apple, Google, and Amazon stock when it was way lower than it is now. I know that two of the three pay no dividends, but I’d be more than happy to cash in capital gains like that and buy some good, solid dividend payers. I’d also tell myself not to buy a car (a new one even–Gasp!) that I didn’t need several years ago. Bad investment, but I guess it looked good at the time.
If you could only use one metric to evaluate a stock, which one would you choose?
I would probably use dividend payout ratio combined with length of dividend history. I know that’s two, but a low dividend payout ratio is possible with a single bumper year. A continued low dividend payout ratio with a long history of paying and raising dividends indicates that a company is a good investment.
How do you stay the course when markets are down?
I’ve not experienced a real market decline since starting into investing for dividends, unless you consider the short correction late last year/early this year and the big Brexit scare. I did keep putting money into a retirement account all through the financial crisis, however. I figure that the markets will recover and go up over time. Selling at the bottom is the best way to lose money. I did have some experience with this with a rather small amount of money in my younger days. I chalk it up as a learning experience. Buying good companies on sale while the market is crashing is a good way to make money.
What’s your favorite aspect of blogging?
Being somewhat public with a blog is a good way to keep myself accountable for my own personal finance goals.
Why should people read your blog?
My site is a bit of an eclectic mix of a variety of different topics that are related to finding interesting ways to make money, personal finance, and life and travel hacks. I’m not a six-figure earner, although I’d be perfectly OK if my blog took off and earned me millions. However, I’m able to put a bit of money away on a regular basis, and I’m able to travel to some pretty cool places at big discounts.
I track the growth of my dividend income and my more extensive trips and give the nuts and bolts of how I’m able to build a growing passive income stream and travel to these really cool places. I don’t have hundreds of thousands coming in every year, and I don’t have hundreds of thousands of dollars sitting around in investment accounts.
I hope that my site is a bit of an inspiration for those who might look at the massive portfolios of some in the community and get frustrated that they are nowhere near that. I’m trying to plan for the future, one small step at a time, and I’m showing how I’m doing it.
Which 5 blogs do you visit the most?
I visit this your blog, Investment Hunting fairly often. I also visit Dividend Growth Investor and Dividend Diplomats. I’ve been reading through some of the MadFIentist’s posts related to tax efficiency recently. I also visit some of the major travel hacking sites like The Points Guy and Million Mile Secrets on just about a daily basis.I have to find out the latest sign-up bonuses that can get me to some of my bucket list destinations.
What’s your best source of traffic to your blog?
Probably Google. I get a trickle from Twitter (feel free to follow me at @moneyinpajamas — shameless plug) and a blogroll or two, including this one, as well as a few other sites.
Why do you blog?
I enjoy sharing opportunities that I’ve found that can help people improve their standards of living, be it through a bit of supplemental income, long-term investing, or getting great trips for a fraction of what they can cost if you pay full price.
What’s the name and URL of your blog or blogs?
Earn Money in Pajamas (it started out basically talking only about ways to earn extra money without leaving the comforts of your recliner and has sort of branched out from there).