There are many ways of making money, here’s my favorite way
Everyone needs a way of making money, and there’s many, many ways to accomplish this. My favorite way of making what I call semi passive income is investing in dividend paying ETF’s, stocks, and Index Funds. I say semi passive because it does take a little bit of work to purchase your ETF’s, stocks, and Index Funds, but once you’ve purchased them, you can kick back and relax and enjoy a steady stream of income.
All I really need is access to the Internet
I usually have a plan in place on what I want to buy and when. I simply research what ETF’s, stocks, and Index Funds look attractive at the time, log in to my brokerage account, and set a buy order in place at my desired buy in price. Then, I simply kick back, relax, and enjoy the show. My items are only fulfilled if they come down to the buy price that I have set in place.
I mainly focus on ETF’s and Index Funds
I buy ETF’s and Index Funds because they provide me a broader scope of the market, and they help me sleep better at night. And I like to mix it up by buying both monthly paying funds, and some quarterly paying funds. I’ve even considered buying some weekly paying funds, but I haven’t ventured down that road yet.
How much do I collect in dividends and such
Well, my ultimate goal is to be pulling in around $5000.00 a month in dividends and interest, but I’m not there yet. I’m collecting around $1000.00 a month as of December of 2024, which is a good start.