As you probably know from reading my blog, I’m a huge fan of dividends and recurring income. I like to think of myself as an out of the box kinda guy. I managed to pull in a few grand once by camping in second life with a number of zombie machines for a few months with an investment total of $150 for a few computers that were just powerful enough to run the game 24/7. It took me about an hour a week to keep the “grid” going, and it netted me $100 a week for about 6
I take a unique approach when it comes to my career. Most people tend to focus on one job or job-type, throw themselves at it, and lock themselves into that path for the next 20-30 years, climbing the income and career ladder as time passes. Instead I take a different approach… Diversify: I believe in the power of diversification well beyond investing terms. Think of it this way: If you lost your job tomorrow, how could you support yourself? Would you immediately have to find a new job? Do you have reserves to run off
I’ve been working to reallocate my income portfolio (a taxable brokerage account separate from retirement savings, which I use to build up a long term income source) to 50% US and 50% international. While I’m fairly comfortable with analyzing and choosing stocks here in the US, I prefer to take a broader approach when it comes investments globally. With this in mind I’ve been looking around to see what ETFs are available for a dividend-focused investor like myself. One such ETF that I came across is DEM, or Wisdomtree’s Emerging Markets High-Yielding Equity Fund. This fund picks out stocks
For me, creating alternate income is a means to an end. I research dividend-paying stocks and invest as a means to create yet another additional source of income. This allows me the luxury of creating wealth with residual payments regardless if I happen work that day or not. Whether through investing or other means, this is the real crux of alternate income, generating money in such a way that you don’t have to work as hard as you do now, giving you the time freedom you desire to pursue your life’s interest.
About Me
My name's Frank and I'm a life long seeker of passive income and dividends. I work in Financial Services and invite you to join me in my search for the holy grail of finance: passive income. My methods tend to be unorthodox but effective. Whether it's through investing or other means, I believe in creating many sources of income to give me the flexibility to live the life I want, when I want it.
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