One of the most common questions asked of me throughout 2012 was how I built my investing income stream and how does it generate so much income for me? If you look through my Income Reports, you'll see that I made over $15,000 investing last year - $8,200 with dividends and $6,800 with capital gains on positions I sold. So how did I build this awesome income stream? Here is what I've done to build a (almost) passive investing income. Stash it Away! One of the coolest comments I got this past year was from a reader who thought I had a huge portfolio and was earning just 1% on it - so my $8,000 in dividends meant I had an $800,000 portfolio. While I wish I did, I'm definitely not there yet. For this my multiple income stream … [Read more...]
6 Financial Tips for the End of the Year
2012 definitely seemed like it flew by quickly. Hopefully it did not seem to escape you as quickly as it seemed to escape me. With the end of the year quickly approaching, there are many personal finance money moves that you might want to do or try in order to fully maximize the year. This is so that you can plan more realistically for 2013, and to also see how you truly did in the year of 2012. There are probably hundreds of other things on your to-do list in December, but your financial well-being is also very important. Wrapping up your year by reviewing how you did financially can be beneficial and also refreshing to see how you did. We like to do many of these things at the end of the year so that we start out well in 2013. We also … [Read more...]
How To Invest To Generate a Passive Income
Generating a passive income is hard to do, but there are many ways to do it. I will cover the most common and basic ones here. It is important to note that most income is not truly passive in the sense that no work was required. However, in my examples below, you will see how the income is now passive since the work was done prior to the income being made. Passive Investment Income The first major way individuals generate passive income is through investments. This can be done because many investments distribute gains in the form of dividends or distributions. These dividends and distributions are income, and many people are able to live off of them. A common strategy is to put together a portfolio of high dividend paying stocks. In … [Read more...]
