In the modern world, we are all paying the price (especially those working for active income). Learn how to break free from this dangerous cycle. It's possible to have others completely pay the price for you, so you can live completely off passive income from dividend stocks. It takes time and hard work, but it's possible.
#dividend #stock #investing
Timestamps:
0:00 INTRODUCTION
0:40 SLIDE 1: HOW DOES LIFE WORK? (Systems: Input and Output)
1:06 Example: Lifting Weights (Energy, time, and consistency is required. This is the price of muscle.)
1:35 KEY: It is so much more difficult to get gains. It takes years of consistency. It is a grueling effort, for someone in his mid-40s.
2:09 While I have to pay the price, I want to pay the price because I want those gains! (It's not always bad to pay the price.)
2:15 SLIDE 2: JOBS AND DIVIDEND STOCKS
2:28 Example: Jobs (Hard work goes into the system for active income.)
2:52 KEY: The employee is paid less, typically, than the value he/she creates. That extra value goes to the owners (shareholders).
3:27 Example: Dividend Stock Investing (Money is the input, dividend stocks are the system, dividend income is the output)
4:22 KEY: Dividend stock investing is a long journey.
5:20 SLIDE 3: WHAT DO THESE SYSTEMS HAVE IN COMMON?
5:33 The systems all require tons of work energy (input) and tons of time, to receive relatively little output.
5:47 Dividend Stocks: Tons of money is required to see relatively little output. $100,000 at 3% is $3,000/year starting cash flow.
6:53 SLIDE 4: PAYING THE PRICE IS HUGE WITH JOBS (ACTIVE INCOME) - IT TAKES A TOLL
7:05 Everything worth having consumes energy. Silver lining: We feel so much satisfaction reaching the goal because of the hard work involved.
8:26 Paying the price takes up your: time, energy, health (physical and mental), sleep, happiness, true purpose, control, ability to learn, etc.
9:03 Paying the price for too long is dangerous.
9:28 SLIDE 5: PAYING THE PRICE BECOMES MORE DIFFICULT (As You Get Older)
10:05 SOLUTION: Start investing early and live a frugal lifestyle.
10:30 SLIDE 6: STEP 1 OF THE SOLUTION (Beginnings of Dividend Stock Investing)
10:48 Go from YOU paying the price to others paying the price for you.
11:32 SLIDE 7: STEP 2 OF THE SOLUTION (Reinvesting Dividends)
11:47 KEY: Employees of the dividend companies you own start paying the price too. (You own more stock, and the snowball is building with dividend reinvestment.)
12:02 I'm not trying to put down all jobs. They are good. Active income is required.
13:25 You become the shareholder, you become the boss.
13:37 SLIDE 8: STEP 3 OF THE SOLUTION (You don't have to pay the priced anymore. There is no more active income needed.)
14:13 Self-contained system that is paying the full price on your behalf.
14:43 SLIDE 9: CONCLUSION (Your life and how it can improve)
15:25 Build a system (dividend stocks)
15:30 Anything worth having takes time and effort. We enjoy it more because of the struggle.
16:18 DISCLOSURE AND DISCLAIMER
DISCLOSURE: I am long Starbucks (SBUX). I own this stock in my personal dividend stock portfolio.
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Because the information herein is based on my personal opinion and experience, it should not be considered professional financial investment advice or tax advice. The ideas and strategies that I provide should never be used without first assessing your own personal/financial situation, or without consulting a financial and/or tax professional. My thoughts and opinions may also change from time to time as I acquire more knowledge. These are, as discussed above, solely my thoughts and opinions. I reserve the right to delete any comments for any reason (abusive in nature, contain profanity, etc.). Your continued reading/use of my YouTube Channel, blog, email newsletters, whitepapers, Excel files, and other materials constitutes your agreement with and acceptance of this disclaimer.
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