I Broke A Passive Income Record (Dividend Income)

Published on November 18, 2020

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I broke a passive income record with 52 dividend paychecks! Here’s how I did it

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I just broke a passive income record last month. In this video I want to share my income, how much my money has grown, and I’ll include price ratings for your consideration to figure out how to invest if you’re unsure where to start investing as a beginner.

Dividend investing is the road to getting rich slowly. The longer you are in the stock market with dividend stocks, the more your income grows over time. But it grows fast, here’s an example: if I were to do nothing from this point on, and I stopped reinvesting my income, based on my growth over the last 5 years which has been 5.4%, in 5 years time, my income will be around $11,346 dollars. In 10 years, it will be nearly $15,000. In 20 years, it will be $25,000. That’s not counting for inflation which is 2% per year but my income still tripled in 20 years and I did nothing to work for it. But if you can continue investing at the rate that I was when I was earning $50,000 a year, which is when I was putting away $2,000 a month, then in 20 years, you would end up with $1.2 million dollars, which would pay you $111,000 a year.

I assumed a starting amount of $200,000 which is where I’m roughly at right now, with 5.5% annual dividend increases with an annual yield of 4% per year, and stock appreciation at only 2% per year for a total of a 7.74% annual return. Think of it like rolling a snowball down a hill, the first part is really hard, but once it grows to a certain size, it picks up and the dividends grow much faster the larger they get until the interest they pay you is more money than you can afford to contribute yourself from your active income.

Now this is where my mind gets blown. At my current plan, I want to have a million dollar dividend portfolio by next year in 2021, if I do, I will have an annual income of $40,604, but I won’t quit making YouTube videos, and if I continue to reinvest those $40,000 every year for the next 15 years, then by the time I’m in my mid 40s, which is still a super young age, then I will have a portfolio worth nearly $4,000,000 paying me 360,000 a year, which is 30,000 thousand dollars a month. That’s the power of dividend investing.

This brings the monthly total to a record high of $917 for September’s Dividend income. That’s almost $1k for the month of September which is crazy to think that your money can earn money. If you can do this consistently, you are literally putting your money to work for you and the growth it generates is called compound interest. The idea is that these stocks will pay you either every month, every 3 months, twice a year, or yearly as long as the company is profitable and making money for hopefully the rest of your life giving you the freedom to travel the world, live your life, while you collect passive income with no job and no one to answer to but yourself.

The advantage to dividend investing versus investing in growth stock companies – is that in an economy that is flat or going down, you are able to take your dividend income and reinvest it, to give you more shares while decreasing your cost basis and increasing your equity versus someone who holds on to a growth stock that might be just going up and down but ultimately going nowhere in that same amount of time. The downside, is that you pay more in taxes slightly over time so there are advantages to both. There’s a strong argument to be made for index fund investing to have better returns than dividend investors but this is my personal favorite way of building wealth for passive income.

Passive Income Stock Dividends

Passive Income Stock Dividends, I Broke A Passive Income Record (Dividend Income).

Earning Money – How You Can Thrive In Any Economy

The very first alternative is searching for part-time jobs locally. Google’s keyword tool is a fine example of an easy to use program. The main difficulty of setting up passive income streams is getting your mind corrected.

I Broke A Passive Income Record (Dividend Income), Play more replays about Passive Income Stock Dividends.

I Make Over $3000 A Week

Why do I have to use the money from the earnings I currently make? Absolutely nothing works along with word of mouth, do attempt it. You have your passive earnings streams still working for you.

Individuals were constantly told to take the safe route. You must get an education, then get a task, get wed, and purchase a house. The rules have altered so drastically from even 10 years back. These belief systems have been taught to the middle class for many years. The main issue is we are polluting our children’s minds. You can do anything you want. It’s not practically getting a task any longer. In the last 3 years, there have been a number of thousands of individuals who have been laid off. There is no security there. You have to produce your own security on your own and your household. Individuals have lost their houses due to the fact that they did not have passive earnings streams.They have relied so greatly on insecure work.

Having passive income sources is so great but today I attempt to focus nearly totally on constructing them, so that I can stop working on a per hour basis and take pleasure in more spare time and money.

When ever we need are called as the passive income streams, these types of sources that produce earnings. There are different ways by which these types of passive earnings can be made. To name a couple of, one who rents his/her own residential or commercial property to others and gets lease from them.

If you have an ability for marketing, then why not open up an online shop? This is among those passive income ideas which make certain to work. Setting it up is not really easy, but if you do it right, it can certainly be worth it.

It does not cost you a cent to establish a Google account if you have not currently got one and it does not cost you to put AdSense ads on your website. It can’t get far better than that!

To even more highlight my point on how highly valued passive earnings is, individuals purchase homes simply to lease it out for passive earnings! So don’t ignore passive earnings even if the worth is not as high as what you can get with active effort.

Whether you go with a traditional publisher or you self-publish, its as much as you to switch from your writer’s cap to your organization cap. You are going to have to promote and offer your book, which means individuals have to know that you wrote a book in the very first location and they need to know where they can go to acquire that book. The best alternative for you to do is to have a site built that either can take orders direct, or send your customers to websites like Amazon.com to acquire your book. Aggressively promote your book by composing articles, letters to editors, getting on the phone, and marketing your book. Remember that it is a financial investment and it depends on you to capitalize that investment.

There is no ideal response to this concern, simply due to the fact that it is different for each person. One may believe that they ought to make more but at the exact same time ought to work less.

If you are looking rare and entertaining reviews about Passive Income Stock Dividends, and based passive income, ways to make passive income, homebased business, passive income source you are requested to join our subscribers database now.

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