About 3 years away from reaching Financial Independence (passive income ideas AMA)

[jimberee]

trailer home lot fees are retarded I don't know how you make money on them

[ashin1]

GJ OP.

People are getting hung up on the details/timeline. Doesn't matter, the the most important part is breaking ground on making money that doesn't require your ass at the job site.

this guy gets it, to idle is to fail

You have to look at OP's post history to realize he makes brag threads often about his trailers

You should really read the responses I have made ITT to people who have real questions/their own side hustle. Sure i am sharing a success of my own, but that' to provide a visual to support the OP, if you read the thread you will know I am trying to promote this lifestyle, and mentality. def not faking my hype towards people who have a vision of what they want and know how they want to obtain it, it's too infectious to hide the hype and excitement for those taking control of their lives.

[Sinan09400]

Does g4p count as a passive income if you are a taker?

[iloveus]

Started a Digital Marketing Agency.(I outsource everything. All I do is sales and managing my team) Investing in International Real Estate(Rentals) which allows me to be a digital nomad. Of course Index Funds and max out Roth IRA every year. Don't know anything about dividends.

[Comply_or_Die]

If I can do it so can you! Srs

Investing in income producing assets to get started really isn’t that difficult.

Money is obviously an important factor but if you have the right mind set and discipline money should just be the product of those efforts.

The second element that has equal If not more impact is utilizing time to do the grunt work for you(compound interest)


Sooner you start the better. And the beauty about investing properly(doesn’t have to be al that difficult) is you don’t need to be rich to get started, the value itself isn’t important nearly as important as the act of starting in general.

I invest in dividend growth stocks which is the easiest way to create a stream of passive income. It’s a method of wealth accumulation that is gets its gas from consistent contributions, and reinvesting the returns. With the obvious results being that you get out what you put in, as well as the longer it has to grow the more you will accumulate hence why starting(regardless of how much) is so important, especially if yo got the time(you are young)

If you are reading this and you are early 20s, I encourage you to highly think about how much impact your time will have if you get the ball rolling on investing wisely at a young age.

I’m working today but will try and answer legit questions.

Bless up misc, lets get this bread

Give us some examples of a few dividend growth stocks you've invested in and how much return you've had on an annual basis from each

[Schism45]

Started a Digital Marketing Agency.(I outsource everything. All I do is sales and managing my team) Investing in International Real Estate(Rentals) which allows me to be a digital nomad. Of course Index Funds and max out Roth IRA every year. Don't know anything about dividends.

Who does your agency promote? Your own projects, helping local offline business go online, online b2b, online b2c?

I've been hearing about digital marketing agencies pop up but I'm mystified as to which demographics they work with and promote.

[ashin1]

Give us some examples of a few dividend growth stocks you've invested in and how much return you've had on an annual basis from each

here is an example of a few



I just reinvest the dividends through a synthetic DRIP

most f these stocks I've had for a few years.

haven't put money into this account in a few years.

[Comply_or_Die]

I'm investing into real estate.

Buying my first rental property next year.

It will be a single family home. I bought a house for myself last year and I'm living in it as I fix it up. In a few years I'll refinance it into a conventional loan and turn it into a rental. Hoping to have a good amount of equity in it to where I won't have much cash coming out of my pocket to get the refi done.

In the mean time I plan to buy at least 1 single family home per year or a duplex if in my price range. Eventually I want to get to the point where I can buy 4-5 properties a year and flip 3-4 houses per year. I just want to keep growing and growing.

Long term goal is to own 100 rental properties single, multi, etc...and flip 7-8 houses a year.


One of my regrets...I wish I would of had this mindset 10 years ago. A guy I went to school started off 10 years ago. Year 5 he had 100 rentals and he flips 8-10 houses a year. He's set for life. I use to work for him and I wish I would of stayed on track and followed his advice/mindset.

But instead I went after my childhood dream of becoming a police officer and ignored everything else. I make chit money, can't keep a stable relationship due to the hours I work, no advancements with the tiny department I work for. It sucks....

I also have a roth ira I put 100.00 into every month and usually what ever I get back in taxes (which isn't much) I put that into the IRA as well.


I haven't dipped into the stock market like OP. I can't get too many irons in the fire. BUT someday I plan to dip into the stock market as well.




speaking of mobile homes. My buddy owns a mobile home park in town. 38 units. He had someone up and leave one of them. He does not want to own the mobile homes. I ended up flipping the mobile home for him. Brand new flooring front to back, paint, trim etc....

He had 3,000 in material, I charged him 2,000 to do the work (took a week) and he just sold the trailer for 5,000 cash just to get away from owning a mobile home. He charges 220.00 a month for lot rent. Which is kinda high in this area. He keeps telling me to invest into a mobile home park someday. I may. we shall see.

I just hope within 10-12 years I have financial freedom to where I can get away from the rat race...

In the UK property prices are silly high and you need a silly amount of deposit for a buy to rent mortgage. How have you managed around this?

[iloveus]

Who does your agency promote? Your own projects, helping local offline business go online, online b2b, online b2c?

I've been hearing about digital marketing agencies pop up but I'm mystified as to which demographics they work with and promote.

B2B

True. Agencies are starting to become a little "saturated" but there is a lot of business out there.
I'm currently going for Trades and Manufacturing.

Industries you want to go for are:
• Trades(Plumbers, Carpenters, Electricians)
• Manufacturing(Steel, Aluminum etc)
• Energy(Oil, Solar, Wind etc)
• Legal(Lawyers)
* Medical(Chiropractors, Hosiptals, Specialists)

A lot of small businesses also want to be online such as salons, Yoga practices, gyms etc.


I provide Website development/design, SEO(Search Engine Optimization), Social Media Marketing etc

[Dan_S]

The dude just post these threads to subtle brag about himself; and we give him the satisfaction by responding to it.

If he was posting this to discuss; he would post on forum which is solely designed to discuss money and finance; not some immature Misc forum of some bodybuilding website which is mainly frequented by young college aged dudes (who are probably the only ones who he can impress).

You're probably right, but one of these threads 3 or 4 years ago was what got me started towards early retirement. At the time my wife and I probably had $100k total from saving in our 20's.

Now we're planning on going part time next year, and retiring altogether in 4 years, before we're 40.

So I'm okay with subtle brag threads. It might help someone get on the right path. The dick measuring contests are a bit much, but some people just like to feel superior to strangers for some reason.

[Comply_or_Die]

here is an example of a few



I just reinvest the dividends through a synthetic DRIP

most f these stocks I've had for a few years.

haven't put money into this account in a few years.

But dividends are like 1-2%? How do you make enough from that? Am I missing something

[Comply_or_Die]

You're probably right, but one of these threads 3 or 4 years ago was what got me started towards early retirement.

What did you do?

[Dan_S]

What did you do?

Mostly just ramped up our savings. It was kind of a good time for us to discover the financial independence community because our incomes rapidly increased in our 30's.

We're almost completely invested into index funds. Net worth has been increasing about $100k a year.

[Travis99]

I’m horrible with money I make like 80k a year. In for advice.

Srs help me brahs.

[ashin1]

You're probably right, but one of these threads 3 or 4 years ago was what got me started towards early retirement. At the time my wife and I probably had $100k total from saving in our 20's.

Now we're planning on going part time next year, and retiring altogether in 4 years, before we're 40.

So I'm okay with subtle brag threads. It might help someone get on the right path. The dick measuring contests are a bit much, but some people just like to feel superior to strangers for some reason.

i really wasn't kidding when I said i want to help change the trajectory of a young person's life.

dick measuring happens all the time on the misc, but as long as the essence of the thread is still talked about by the 7th page i think we are doing pretty good.

congrats on your successes brah, glad to hear others on the misc took initiative to profoundly change their life over a random money thread.

But dividends are like 1-2%? How do you make enough from that? Am I missing something

Look into Dividend growth (companies that make a point of increasing dividend pay out YOY) Canadian railway being a great example of a stock that grows a dividend despite it the yield constantly being around 1-2%.

So if the dividend increases but the yield stays the constant, It means the stock price is growing as well.

Also look into DRIP dicounts: usually a few percent discount on stock prices when using dividends from company to reinvest. (think of it as an incentive to organically grow the company)

look into pay ratio as well, and get the feel of how you can use to to compare other companies in the same market to base stock picking decisions

This is tip of the ice berg information, there is a good amount to dive into, but start learning about the above mentioned as its a good way to start building knowledge on how to pick and choose dividend kings

[Godfrd824]

Again I'll reiterate, no where near financial independence.

All I do is investment real estate, I've made over 300k this year from it, so I'd like to think I know what I'm talking about.

But hey good for you if you think this is stable enough to stop earning.

Gross or net, how many properties?

[Comply_or_Die]

i really wasn't kidding when I said i want to help change the trajectory of a young person's life.

dick measuring happens all the time on the misc, but as long as the essence of the thread is still talked about by the 7th page i think we are doing pretty good.

congrats on your successes brah, glad to hear others on the misc took initiative to profoundly change their life over a random money thread.




Look into Dividend growth (companies that make a point of increasing dividend pay out YOY) Canadian railway being a great example of a stock that grows a dividend despite it the yield constantly being around 1-2%.

So if the dividend increases but the yield stays the constant, It means the stock price is growing as well.

Also look into DRIP dicounts: usually a few percent discount on stock prices when using dividends from company to reinvest. (think of it as an incentive to organically grow the company)

look into pay ratio as well, and get the feel of how you can use to to compare other companies in the same market to base stock picking decisions

This is tip of the ice berg information, there is a good amount to dive into, but start learning about the above mentioned as its a good way to start building knowledge on how to pick and choose dividend kings

Ok thanks bro will look into it and PM you if I need any more advice!

[mikebadg3]

where can i get started? any sites or apps you would recommend as far as purchasing stocks

[ashin1]

where can i get started? any sites or apps you would recommend as far as purchasing stocks

1. If you haven't even started, seriously take the time to figure the difference between index investing and dividend investing and which is better suited for your personality.
2. the next step after is figure out what kind of brokerage account(self directed brokerage accounts varies so know which one best suits your needs, so this goes back to understanding your investment style/strategy) you want to use.
3. Call your broker service provide(in Canada most banks have a department in investments you can talk to and they will set up the application over the phone, and in a weeks time you will get documents in the mail that you sign and send back)
4. Put money into account and start investing

[DrWilliam]

Gross or net, how many properties?

Gross. That's from my job; wholesaling investment properties.

Personally though I have purchased 4 properties this year. Flipped two, refinancing two as rentals.

[ashin1]

This is comedy gold.

I don't think anyone could be more vague even if they tried...

"1. Figure out what you want to do.
2. Talk to your bank.
3. ?
4. Profit."

I thought I was straight to the point on what he should do, No need to provide a TLDR info, I am following the essence of OP that time is of the essence.

Spoiler!

[Cuchulainn]

Those interested in FIRE should check out Mr. Money Mustache and the Bogleheads website. Great material on both.

http://www.mrmoneymustache.com/2013/...one-blog-post/
https://www.bogleheads.org/forum/viewforum.php?f=10
https://www.bogleheads.org/wiki/Three-fund_portfolio

[ashin1]

What about going into a bit of detail of the advantages and disadvantages of under or dividend investing?

You'd consider that TL;DR?

Right.

Is it wrong for me to assume people know how to use google when I give them keywords to search? I just thought it was better telling him what he needed to do if I was in his situation.

Before I knew about dividend blogs, I was reading books on dividends. I actually got lots of my inspiration and info from www.dividendmantra.c0m

Tbh once I figured out how simple DGI was in terms of my lazy style. I kinda just stopped reading the blogs cause it was all pretty repeatative. I mainly just stayed on top of hikes and splits and news on the companies I own.

Another thing I did was google news the name of the companies I want to purchase and dig around information like up coming hikes and splits and that would help me determine when I was getting more gains.

When it comes to DGI, I think people over look the dividend growth aspect in terms of hikes. Lots of boring blue chip companies are very safe of income investors. Imagine 50k in dividends that have a consistent grow rate, on top of compounding interest through a DRIP, and then you factor that in with the DRIP discount, and then the growth in stock price.

You are literally winning in 3 different ways. Such a tax effluent way to generate money(dividend tax credit in taxable accounts)


Any ways I hope you enjoyed that detail I know did as I got lost in a trance typing While be in a medicated state of mind.

[ashin1]

"1. Figure out what you want to do.
2. Talk to your bank.
3. ?
4. Profit"

My point still stands.

You are welcome for blessing you with that information. You probably don’t care because your only goal is to antagonize me, consider this my last response to you. I wrote that last post in hopes someone who actually wants to know more about DGI will benefit.

[Bar182]

Investing in canadian banks is gonna hurt you next year

[ashin1]

Investing in canadian banks is gonna hurt you next year

oh whaaaaaaat you mean my dividends are going to have more buying power??

I still win, you see how easy dividend growth investing is?

[TreyTrey]

I held a 8% dividend stock for a couple years and thought 'sweet, passive income'

Last month they cut the dividend and the stock prices now about half of what I paid and I've lost $7,000 or so.

It's not pure profit, **** happens.

[Burtle1]

How do you guy feel about ally savings accounts that offer at least 2% annual ?


I won't be opening one, but I've heard about it over on boglehead

[ashin1]

I held a 8% dividend stock for a couple years and thought 'sweet, passive income'

Last month they cut the dividend and the stock prices now about half of what I paid and I've lost $7,000 or so.

It's not pure profit, **** happens.

8% is pretty high yield to begin with, I stick too 1.5% - 6%.

With this company that cut the dividend, did you check the dividend history for the past decade?
what was the dividend growth rate?
What was the payout ratio?
has the company been paying dividends for a long time, if so have they ever missed a dividend or cut it?

there are good companies that exist even in bad economies, end of the day people still need to buy chit like toilet paper, tooth brush, bandages, gas, food, and other service to make civilizations first world.

Johnson & johnson
3m
procter and gamble
mcdonalds
canadian rail way
BMO
...

..

How do you guy feel about ally savings accounts that offer at least 2% annual ?


I won't be opening one, but I've heard about it over on boglehead

I personally wouldn't bother, If i had an extra $10k, i'd sink it into 3m, Canadian national railway, or procter and gamble. wouldn't loose a wink of sleep srs

[guest89]

8% is pretty high yield to begin with, I stick too 1.5% - 6%.

With this company that cut the dividend, did you check the dividend history for the past decade?
what was the dividend growth rate?
What was the payout ratio?
has the company been paying dividends for a long time, if so have they ever missed a dividend or cut it?

there are good companies that exist even in bad economies, end of the day people still need to buy chit like toilet paper, tooth brush, bandages, gas, food, and other service to make civilizations first world.

Johnson & johnson
3m
procter and gamble
mcdonalds
canadian rail way
BMO
...

..



I personally wouldn't bother, If i had an extra $10k, i'd sink it into 3m, Canadian national railway, or procter and gamble. wouldn't loose a wink of sleep srs

I never thought about investing in a railway but TBH I don't see them going down regardless of the economy. Never researched them much but they've been a staple since North America built them.


Why don't you have more into a real estate fund?