As income investors, the goal for most of us is to find a solid stock with an above-average yield and stay for the long haul.

Anyone who is familiar with my premium newsletter, The Daily Paycheck, knows we try to do just that by searching for securities that will do one of three things: maximize income, maximize growth or minimize risk. We consider these key traits the three interlocking gears of our retirement system's engine. They work together to ensure our portfolio runs as smoothly and efficiently as possible.

But we've also found a way to turbocharge that engine. By adding one simple feature, we're able to greatly multiply our portfolio's capacity to generate consistent income. I'm talking about reinvesting dividends.