It's never been easier to start your own income stream!

POSTED ON MARCH 14, 2023 BY STEPH

I was thinking about my last post about how to save money to invest and wanted to give you some motivation to start today!  Investing for future cash flow can be a daunting task, especially when you are trying to make ends meet in the present. I understand the challenges you may be facing when it comes to finding the money to get started, I myself started saving as a child, I was obsessed with money, (perhaps it came from my poor childhood)

But I now understand  that with the right mindset and strategies, anyone can build a solid foundation for financial security. In this blog post, I want to  discuss the benefits of investing for your  future cash flow with dividends and offer some motivation tips to help you stay on course with your goals.

First what exactly are Dividends?

I know I keep talking about them but what are they? 

Dividends are payments made by companies to their shareholders as a reward for owning their stock. Companies can choose to pay dividends monthly, quarterly, semi-annually, or annually, and the amount paid per share can vary depending on the company’s financial performance. Dividends can provide you with an amazing cash flow if planned correctly and started early.

The Snowball Effect of Dividends

One of the most amazing things about investing in dividend-paying stocks is the snowball effect. As you reinvest your dividends into more shares of stock, your dividend payments will increase, and your income with grow as well as your portfolio.  Even if you only invest a small amount, like $25 a month, after a year or so you will see results! ($25 a month…. 5 Starbuck coffees… maybe 4) you can give that up, can’t you?

Getting Started

Here are some tips to help you get started:

• Start small: Invest what you can afford to lose. Even if it’s just a few dollars a month, it’s better than nothing.
• Diversify: Invest in a variety of companies or ETF are a great alternative to choosing individual stocks.
• Research: Before investing in any stock, do your research. Look at the company’s financials, earnings history, and dividend payout history. Many websites offer this free, yahoo finance is a great place to start!
• Stay disciplined: Stick to your investment plan!  Stocks will go up and down stay focused on the payouts.
• Set goals! Make it fun!  Write down your progress. Keep a journal of your dividend income to motivate you.
• Celebrate your wins!  Reward yourself when you achieve a goal, celebrate your success. This will help you stay motivated to reach your next goal.
• Educate yourself!  Learn as much as you can about investing and the stock market. The more you know, the more confident you will be in your investment decisions.

The Pain is Worth the Gain!  10 years from now your $200 a month dividend income will become $2000! Imagine that, making money while you sleep!

With the right mindset and determination, anyone can build an income stream with dividends.

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