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Coin Farming: What Is One Man's Trash...Another's Treasure? (Buying Dividends With Loose Change)

Would not recommend Coinstar as they take over 11% of your total cash redemption. I would manually coin roll them and redeem them at Banks in the future.
I have only done this a handful of times, and the few times I've done them were when I was broke. For those unaware, Coinstar is a company which provides machines that sort and count coins for people who redeem them for cash. Usually when broke people cash in their coins, they do it so they can pay the bills or buy food to eat. And usually, what led them to being broke in the first place was because they have some inefficiency in their lives that befell them. This can be from unforeseen circumstances beyond their control, or a mixture of a lot of reasons. Maybe they wanted to buy the latest Nike Superdunk. Or they worked too hard and ate too many McDonald's as a result-then they became addicted to eating out and all of the extra cash they generate is for naught. In any case, this Coinstar machine came back to my life because I became more savvy with finance. I learned that many veteran dividend investors employ coin farming.

I learned about this method a year ago. At the time I was still enslaved as a wage cuck by a mega corporation. I had dreams and aspirations of finally breaking free of my shell and living life on my own terms. I was still imprisoned in my own mind and by the major dominatrix of a corporation that whipped my ass every single day. So I did everything in my power to free myself of the bonds of approval seeking, keeping up with the Jones', and buying material things. One of the ways I did that was joining a Facebook group for dividend investors. There I learned quite a few successfully veteran investors employed coin farming as a tool to buy high quality dividend stocks year over year. I even heard stories of retired men in their 60s scouring the beaches of Del Ray for loose change using their metal detectors. They save all of their change and then cash out in whichever interval they prefer: some do it quarterly, monthly, or annually. The change they collect end up being hundreds of dollars, and when they do it YoY, it compounds opulently.

However it is embarrassing. It took me a long time to finally step foot in that grocery store and dump all of my change into a machine for all of the world to see. It sounds shallow and beta-male, but it was true. I didn't want people I knew seeing me dump my coins for cash: essentially caring too much about what other people think of me. The biggest mental roadblock preventing me from achieving my financial goals was approval seeking. Some might empathize. For most people in this world, some jobs are beneath them. They do not ever want people to know they are working as a maintenance man, see themselves picking up loose change from the floor, or going to garage sales to prospect discounted items for retail arbitrage. And for a lot of made men, they would never, ever do that type of dirty work again. For most average investors, this prevents growth opportunities. When they fail to pull the trigger, because a job is beneath them, they choose an opportunity cost that otherwise would have feathered their trading accounts or increased their dividend income.

I was determined to get rid of my embarrassment because I knew growth is at the end of one's comfort zone. For a long time I was saving up coins but never pulling the trigger on cashing out. After desensitizing myself to approval seeking, I finally became man enough to do it. I had $90 worth of coins, but after the 11% fee, it went down to $79.72. I cash it out and deposit it into my bank account to purchase high quality dividend assets with 80% of the cash rewards. The remainder was to be used for retail arbitrage and growing my trading sizes.

Coin farming, also called dividend farming, is a risk-free way to build up a dividend portfolio because there is a lot of change out there waiting to be collected. Further, most people receive change when purchasing things in cash and it idly stays within their wallets. If unethical, they can even be sourced from various public ponds where change is thrown into them in exchange for a wish. The biggest thing is, when personal finance is important to someone and they are willing to pay the price, there are opportunities everywhere including coin farming. Use coin farming and stop being a little bitch who seeks approval from all the plebs. Grow your dividends today.

I'll be doing this for life. Tell me what you think about coin farming. Is it for you? Are you afraid of what society thinks and can't pull the trigger? Comment below and myself or other dividend pros will chime in to help.

**UPDATE: Bought 4 $APLE and 2 $PSEC using the cash received from coin farming. Don't forget to sign up to the newsletter to get my new asset picks that work for me. 

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