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How to Make Monthly Income from Stocks | Passive Income

8 Views· 01 Apr 2021
Wise Phenomenal
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The way I started with passive income was simple, I started with one bill at a time.

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1. Dividend Income
- Dividend is the company you invested into, paying the investors back a percentage of the profits
- Some companies it and some companies choose to keep the money and reinvest it back into the company for more growth
- And Most companies pay out dividends every quarter 3 months but some also pay them out monthly

However, there is one thing I want to say:
- Dividends are attractive, you know that and I know that
- But so do companies
- So be careful investing in a company, just because they offer a large dividend ( the goal is to invest into a company that’s going to be around for a long time )

2. Picking dividend stocks
- Now if you want to pick stocks I recommend these 2 books rights here ( not to read them but to study them as if they were textbooks )
- Now ones you read those books, you’ll realize that although dividends are cool it shouldn’t be the main reason you invest in a company
- You’re goal is to buy a great business at a good price or business for less than they will sell and make some quick cash

What I recommend:
- This is for people that want to be full-time investors ( because companies are never safe, so when you do invest in a company you have to review it every 6-12 months )
- So when you see videos on Youtube saying these are the dividend stocks, or articles saying that be careful
- Because again business fail, and you make 5% in dividend but lose 50% of your money, then what's the point
Show: Sofi

3. For Passive investors
- This is what primarily focus on now, just putting my money to work passively
- By investing in index funds and also ETFs
- I also get every monthly income

Currently, I have invested 168k into m1 finance ( it pay around 2% in dividends and 10% in growth )
- Every month I get money from my bonds
- And every 3 months I get money from the normal Stock ETFs
- But notice just in the month of December I made $603.26 in dividends
- Now by the end of this year, I should average around $800 a month in passive income dividend

Tip: this all starts with $10, and investing $16.66 a day ( for a lot of you that’s one hour work or 2 hours of work ) – better than spending on Nike

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I'm an Accountant but I'm not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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