Rich Habits Podcast 5: Making Your First Investment (Passive Income, Real Estate, and Retirement)
9 snips
Mar 28, 2023 AI Snips
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Dividend Stocks for Passive Income
- Start earning passive income through dividend-paying stocks for regular cash payments.
- These dividends come from the company's profits paid to shareholders simply for owning the stock.
Use ETFs for Dividend Stability
- Prefer dividend ETFs like SCHD to reduce volatility while earning dividend income.
- ETFs act as baskets of stocks, smoothing out market ups and downs for steadier passive income.
REITs Offer Reliable Monthly Income
- REITs must pay out 90% of taxable profits as dividends, focusing on income-paying real estate.
- Good REITs lease commercial spaces to stable tenants, providing steady monthly dividends as passive income.