Dominique BroadwayFounder & CEO, Finances Demystified · Turning Knowledge Into Generational Wealth

Passive Income By Dividends! #shorts

Name: Passive Income By Dividends! #shorts
Uploaded: 2024-10-29T15:30:26+00:00
Duration: 38 s
Channel: Dominique Broadway
Description: Build a dividend portfolio by regularly buying shares in companies that pay annual dividends. If you hold stocks paying $4,000, $5,000, and $1,000…

29 Oct 2024 · 1 min

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Build a dividend portfolio by regularly buying shares in companies that pay annual dividends. If you hold stocks paying $4,000, $5,000, and $1,000 yearly, you earn $10,000 passively. Keep buying more shares and that $10,000 grows to $15k, $20k, or higher.

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So I have this company that's paying me $4,000 a year, I have this company that's paying me $5,000 a year, I have this company that's paying me $1,000 a year. Boom, right there, that's $10,000 a year that is straight up passive income just from your dividends. Does that make sense? So that is how you start to build that portfolio over time. And as you continue, obviously, dollar cost averaging, buying more shares, what's going to happen? That $10,000 a year will grow from $10,000 to to maybe 15, to 20, to 100, whatever it may be, but it will continue to grow. So that is essentially how you dividend hack and how you build your own dividend portfolio.