Mind blown @ adults not having any form of passive income

[ashin1]

You could literally get a stream of passive income generated for you for less than $100(dividend stocks/dividend income index funds).

Not sure why so many people like to complain about being a wage cuck, when there is a completely valid solution(build a stream of passive income) right in front of them.

Probably more easy to access than ever being that we are living in 2019 and wifi seems to be easier to obtain and faster as well.

[WestAfrica]

Cliffs

[GainzMcgee]

nothing is "passive" everything requires some form of work/maintenance/upkeep or it erodes quickly

[ashin1]

nothing is "passive" everything requires some form of work/maintenance/upkeep or it erodes quickly

dividend income is completely passive

[Beararms]

That stock money really isnt that much unless you can dump a few G's into and possibly get lucky that you can live off of it.

[ashin1]

That stock money really isnt that much unless you can dump a few G's into and possibly get lucky that you can live off of it.

Let time build your wealth, and your money can supplement time whenever you have the spare sheckles.



time > money

[jeshelton]

Just lol @ passive income threads coming from a grown man living in his parent's trailer in the arctic tundra.

[ssilv]

That stock money really isnt that much unless you can dump a few G's into and possibly get lucky that you can live off of it.

this, but stock money will compound over time and the key to the market is being consistent and cost averaging.

I've fuk'd up many times just throwing the principal I had budgeted all in at once.

[AniMaLizTik]

agreed op. will never understand how people are ok with working until they are too old to enjoy life.

[Anorexilla]

Not everything is about money.

[InVentive44]

How far long is your ocean front property op?

[propreffered7]

Mind blown i cant just ask my parents for 500k to start a business

Life would be so much easier

[2RDEYE]

i'm poverty as ****, haven't been paid more than $16/hr in the past 6 years, and currently unemployed and even i have some sort passive incoming going. i make like almost $3000 a year with my investments. what i failed to do, and i should have realized how profitable it would be, was invest in US stocks years ago lol. i do have some US investments and they are booming so hard.

there are people out there making like $20+/hr and don't even have something so basic like a mutual fund

[Beararms]

Let time build your wealth, and your money can supplement time whenever you have the spare sheckles.



time > money

I know it takes time, but I thought you meant like you can dump money into stocks now and make an extra 100+ a month. I have some in my companies stock and I just leave it there lol.

[ashin1]

Just lol @ passive income threads coming from a grown man living in his parent's trailer in the arctic tundra.

I think i have some experience in the matter, but keep coping

Spoiler!

this, but stock money will compound over time and the key to the market is being consistent and cost averaging.

I've fuk'd up many times just throwing the principal I had budgeted all in at once.

compounding effect is very real, haven't put a dollar into my investments for 2 years and they've made some solid gains regardless.

agreed op. will never understand how people are ok with working until they are too old to enjoy life.

the whole spend every dollar you make on living it up never made sense to me either

[Ironmanlet]

I am retiring shortly....

Greatest form of passive income there is.

[ashin1]

I am retiring shortly....

Greatest form of passive income there is.

i'd say you earned it brah

[TypeNirvash]

Hey brah, how about giving a couple of pieces of advice on how to generate passive income and/or what your recommendations would be.

Specifics would be perfect, because I'm biting and I'm interested in hearing what the advice would be/what you do to generate passive income... and also how much you generate from your strategy so I might know what to expect if I follow your advice (and so that I may evaluate the opportunity cost).

Would appreciate hearing what you're advising.

[YIAMSOMEBODY]

Just lol @ passive income threads coming from a grown man living in his parent's trailer in the arctic tundra.

Strong repugnance....

[PaulAllen1995]

Not everything is about money.

Also subscribing to this thread.

[Beararms]

While we are talking about this, my company has a 401k plan with Vanguard and I was also looking at their etf's, of course the VTI caught my eye. I was wondering how money money would you actually dump into it then leave it alone?

[thatsnarf]

While we are talking about this, my company has a 401k plan with Vanguard and I was also looking at their etf's, of course the VTI caught my eye. I was wondering how money money would you actually dump into it then leave it alone?

I have VTI. its been kicking ass.......

[shadow_flare]

I'm a teacher, so I'll always be poor unless I decide to go back to school to get further into debt lol

[thatsnarf]

I'm a teacher, so I'll always be poor unless I decide to go back to school to get further into depth lol

but you only teach for a couple of months.....holidays and breaks off.

[Beararms]

I have VTI. its been kicking ass.......

How much did you initially dump into it? If you dont mind me asking...

[ssilv]

Honestly, your whole 20s should be about saving every possible penny to invest in passive income generating assets. How most people never come to this conclusion by themselves is beyond me. It'll be extremely hard once you already have serious relationships and kids.

This unironically or get some side projects going and allow them to mature. Most millennials want to be rich yesterday or overnight, but don't understand what it means to literally build an asset.

[ashin1]

Hey brah, how about giving a couple of pieces of advice on how to generate passive income and/or what your recommendations would be.

Specifics would be perfect, because I'm biting and I'm interested in hearing what the advice would be/what you do to generate passive income... and also how much you generate from your strategy so I might know what to expect if I follow your advice (and so that I may evaluate the opportunity cost).

Would appreciate hearing what you're advising.

The method that OP is referring to is called Dividend Growth Investing

basically you buy shares of specific companies that pay a dividend.

Typically these companies are the boring blue chip companies such as:

mcdonalds
CN rail
Coca Cola
3M
Procter and Gamble

the list goes on....

while boring at first if you dive into their profits, you'll notice these companies hike their dividend pay outs to share holders every year, which is what helps amplify your incomes growth when combined with the compounding aspect of the Dividend Reinvestment Plan(DRIP).

Typically stock prices go up with dividend hikes, as the dividend yield usually stays consistent with 1.5%-4% with your typical Dividend Growth Company.

for example

CN Rail:

At first glance, its 1.79% yield is nothing to get excited about. However, it’s important to note that its yield is low thanks in large part to its outstanding performance. Over the past five years, CN Rail’s stock price has climbed 77.40% for a compound annual growth rate of approximately 15%.

Not only have investors enjoyed great returns, but they have also seen the company’s dividend rise by double digits. It has a five-year dividend growth average of 16.2%

Even more impressive, its dividend growth rate is the second highest among all companies with a dividend growth streak of at least 20 years.

here is a comparison of 2018 vs 2019 for this June.



the growth in income is mainly due to the fact most of my companies i own have all hiked their dividend since then as well as being in a DRIP.

Also dividends have a tax advantages too when held in a taxable account. Because the dividends you receive as a share holder have already paid tax, when you get your tax slip for your dividends you should be able to apply a tax credit on to it so you pay minimal taxes on dividends received.

although calculating taxes owed once you crystallize your investment after being in a DRIP for many years might give your accountant a head ache lol

He's just an income troll, not quite the best person to ask for advice.

Basically, he has a minimal amount of money in online brokerage accounts, exclusively in dividend funds.

Great way to barely beat inflation.

Oh and he has two "investment properties" - two trailers, one of which was bought by his parents.

cope
o
p
e

Spoiler!

Why would I deny coping, if I'm not?

TBH, probably would be, if like you, I lived in a trailer in the middle of nowhere for years, to save money, and had ~$125K in savings to show for it.

You wish you had real estate in my head... as that would be worth more than all your current "properties" combined.

Thanks for playing, a coper is you!

Spoiler!

You wish you had real estate in my head.

Spoiler!

[thatsnarf]

How much did you initially dump into it? If you dont mind me asking...

not much. i initially dumped in 3k then i increase in those increments from time to time.

i also have MGK and something else. Can't remember right now. But i highly recommend Vanguard for ETF's. comission free.

[Beararms]

not much. i initially dumped in 3k then i increase in those increments from time to time.

i also have MGK and something else. Can't remember right now. But i highly recommend Vanguard for ETF's. comission free.

I was going to use Vanguards ETF when I have enough money to dump into it then dump whatever extra I have left after bills and hobby (coin collecting). Gold and silver is addicting!

[sword_]

What's the better dividend play? AT&T or Verizon?!