I Broke A Passive Income Record (Dividend Income)

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.

Видео I Broke A Passive Income Record (Dividend Income) канала Andrei Jikh