Or A Better Is Got By You Plan Than My Ones?
In the past, I’d spend my dividends on food, entertainment and clothing. My initial investment aim is to make a dividend portfolio that generates enough passive income to pay my daily expenses while preserving my capital. However, a fellow financial blogger suggest me to re-invest more of my dividends.
Therefore, I’ve moved towards a new investment aim. In order to satisfy my investment purpose. I decided to use the energy of compounding as Albert Einstein once said that it is the most effective force on the planet. If you think the result of substance interest is excellent, then compound dividends is similar to “compound interest on steroids”.
- May 3
- 22 work for banks or investment money (13.25%)
- Continued review of distributed services and division consolidations with the town of Richmond; and
- Union Bank Limited
Without further ado, I will share 2 chemical substance dividends programs below. Version 1 is a natural dividend re-investment plan. I will only use the dividends received every year to re-invest in dividend stocks. I do not want to fork out an individual cent from my pockets. Therefore I could maintain a larger cash buffer.
However, this process is slow rather. 12K in annual passive income at 36 years of age! Calculations are done based on an annual dividend yield of 7% plus capital injections. Version 2 can be an accelerated form of the first. 15K for re-investment. This will increase the compounding effect. 180K, at an age of 33 years of age.
However, this version requires me to become more disciplined in my spending and more aggressive in my own savings. Secondly, I shall have a smaller cash buffer. Version 1 is slow but safe. Version 2 is faster but riskier. I am leaning somewhat towards Version 2 because I really do not own a engine car or property, therefore no loans and mortgages to service. I really believe I either am not just a spendthrift. Therefore, spare cash will be available for investment. Of course, another real way is to find higher yielding stocks and shares. However, it is difficult to find blue chips that are yielding regularly above 7%, except Starhub. So, if you are in my shoes, which version shall you choose? Or you have a better plan than my ones?
If your middle aged or youthful, by enough time the infant boomers clean up on all the SSI, there will not be anything still left for you and I. Think about it for a complete minute. In 2016, the same year that the first of the baby-boom generation turns seventy, a jump of 700,000 living people will eventually remove the Social Security trusts.
700,on a monthly basis 000 paid each and! 8,400,000.00 Yes it’s in the billions. Year Just for one! Do, you observe how the money will be gone before we get to it? Let’s talk about the infamous 401K plans. An organization will match your input and then enable you to utilize it once you want or you can take it when you stop working.
Sounds like a plan, ey? 30K a year and can’t get ahead. You might get 3-4 years from it utmost. You may have been fortunate to jump on the band-wagon twenty years ago and also have a Million or two invested, it still isnt enough, every year with the price of living that continues to sky-rocket.
People, who home based, create their own retirement plan. How, you may ask? If the right is chosen by you business once we discuss in our free mini course, you could write your own check literally. This will help you to create your own retirement plan through many different ventures such as investments and private placements, real estates, etc. and create multiple-streams of income.
This in turn will explode in your favor over time. The tax benefits only are worth the chance, if you shall. Why do you think the national government taxes workers to death and rewards the rich? They don’t really want you to be an employee, so they are penalizing you and causing you to pay hoping that you shall do something about it, for example start your own business.