Buying Dividend Stocks To Create Another Income

dividend stocks

“Do you know the only thing that gives me pleasure? It’s to see my dividends coming in.” – John D. Rockefeller on dividend stocks

As the name Joyful Dividends suggest, I am thrilled whenever dividends from good companies or investment holdings arrive in my bank account, “Ka-Ching!”. The sound of money coming in is sweet, ain’t it?

By investing continually in fundamentally great dividend stocks, you will find yourself creating another source of income automatically as time passes by. While there are definitely risks to investing in stocks, you can reduce these risks by buying into and building a diversified portfolio that gives you enough income to pay for your everyday expenses.

When you reach a point where your dividend income from stock investing is more than income from your job, maybe it’s time to retire and follow your passion? A glorious rainbow awaits those who start and persist in this journey of dividend investing. Keep it consistent, and you will find rich pickings at the end of the journey.

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Why You Need To Create Multiple Streams Of Income

Here on Joyful Dividends, I write a lot of the ways you can create multiple income streams. I believe that earning an extra income can completely change your life. With multiple streams of income and cash cows, you can afford to quit the day job you hate. You can stop living from paycheck to paycheck. You can pay off all your debt, and finally be free to do what you always wanted to do.

When it comes to investing, people like to say don’t put all your eggs in one basket. Have you considered that solely relying on employment income is doing just that? What would you do if you got fired overnight? With no more monthly stable paychecks, how would you pay your bills, feed your loved ones, and put a roof over your head?

Create Multiple Income Streams is Possible

At this time, you probably think it’s almost impossible to work another job or find another income source. Maybe you work more than 12 hours a day. Maybe you have a ton of other personal commitments that take up all of your free time, say maybe church activities, community gatherings, taking care of your children etc.

All these are okay. It takes a lot of grit and perseverance to create multiple income streams, especially if you have a lot of other commitments. What you really need is to acknowledge your strengths, play to it, and keep working at earning your first $10 a month, $100, $500, $1,000, and you are on your way. 

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30 Ways To Make Another Income While Keeping Your Day Job

make more money

more income

Are you looking for ways to make an extra income every month, quarter or year? If so, you are at the right place!

Learning how to make a second income, and finding ways to do it quickly, is something that can help everyone.

There are many reasons for why you will want to start making a second, or even third income quickly.

Perhaps you just found your dream house and want to accumulate cash for the down payment, the trip of a lifetime suddenly appeared, or maybe your day job has lost its meaning and you are looking for a chance to make money without a full-time job.

You could also be trying to build an emergency fund so you are well prepared for any surprise expenses.

Regardless of your reason, making another income is definitely helpful. Making money and growing money go hand in hand, and both are important aspects of wealth creation. Starting young and accumulating more money can lead to freedom, less stress, better relationships, early retirement and so much more!

Learning how to make money quickly is possible, and sometimes the meaning of “fast” can vary from person to person. For some, fast means coming up with money over the weekend. For others, you may have a few years to reach your savings goals.

Whatever your interpretation and circumstances are, I have included many great ideas on how to make more money.

If you want to learn how to make another income, don’t stop here, keep reading more ideas on learning new skills, monetizing your existing abilities and becoming a better money manager.

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