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 months. That opportunity has long since passed, but the idea of thinking outside the box to pull in passive income remains with me.
I recently came across an article over at CNN talking about Wind Power. Let’s ignore for a moment the guy who’s unhappy about the sight and sound of the turbines, and take away one very important phrase from the piece:
Yancey and some of his brothers begged Ed Yancey to leave the family land untouched. But the elder Yancey pointed to the money — a minimum of $6,600 a year for every turbine. This is your legacy, he told them.
Wow, $6,600 annually per turbine? That’s some serious spending power, and a minimum at that, every year. Dividend investing and creating recurring income is all about the creation of a legacy. You want that income to come in no matter if you decide to keep working or travel the world. Just something to keep in mind.
Tags: dividends, green investing, green technology, investing, investing in green
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.
