• Mattox Minute
  • Posts
  • 💰 How to Make Passive Income with Dividend Investing

💰 How to Make Passive Income with Dividend Investing

In partnership with

I want to increase my savings but don’t understand the stock market.

Investing is only for smart people who have experience in finance.

These are ALL lies we tell ourselves so we have an excuse to not try.

In today’s email:

  • What is a dividend?

  • Create a Brokerage account

  • Choosing stocks

  • Automate your investing

👇Watch: Ready to Start A Side Hustle? Watch my YouTube channel below.

TOP STORY

🤔 What Are Dividends?

Dividends make you feel LIKE A BOSS!

When you buy stock in a company, you become a part-owner. Some companies share their profits with owners by sending them money every few months.

If you ever owned a lemonade stand with friends, at the end of summer you split the profits. Dividends work the same way.

📈 Why Dividend Investing Works

Investing in stocks that pay dividends allows you to receive free money every couple of months. There’s no catch, free is free.

You’ll continue to earn this extra free money as long as you own/hold the stock.

If that isn’t TRUE passive income, I don’t know what is!

PARTNERSHIP

A Message from our Partners

👇 Every click Supports Mattox Minute👇

Can’t think clearly?

Struggling to stay focused? Crashing before the day ends?

You can change what happens next.

Take our free 3 minute questionnaire
Track hidden causes of brain fog
Go further with our clinical team

You can finally get clear steps to bring back mental clarity.

With Superpower.

🏦 Step 1: Sign-up For Your Account

First you’ll want to decide what platform or brokerage company you’re going to use.

Here’s a couple you may have heard of…

Source: Charles Schwab

🔍 Step 2: Find Dividend Stocks You Like

This is where it can get tricky and people give up…

Don’t overcomplicate things, look for stocks (companies) you like/support.

Some things to look out for:

  • Companies that have paid dividends for 10+ years

  • Dividend yield between 3% and 5% (percent of money the company pays you)

  • Companies that make things people always buy (food, medicine, phone service)

Easy examples: Coca-Cola, Johnson & Johnson, McDonald's, Walmart.

Rank #1 on Amazon—Effortlessly with Micro-Influencers!

Stack Influence automates micro-influencer marketing to boost your Amazon ranking and revenue. Trusted by brands like Unilever and Magic Spoon, our platform drives external traffic and authentic content at scale, effortlessly.

🥚 Step 3: Don't Put All Your Eggs in One Basket

When choosing which dividend stocks to purchase it’s smart to diversify aka choose stocks within different industries.

This way if something were to happen to one particular company you won’t lose all your money.

Not to mention different industries have highs/lows like everyone else.

Buying into a ETF or Exchange-Traded Fund allows you to spend your money one time and buy a buffet or potluck of stocks within one main stock.

ETF’s are a great option for those just starting out and don’t have any experience or want a low risk option if you don’t have a ton of money to invest.

ETF stocks you can’t go wrong with:

  • VOO

  • VTI

  • VYM

  • SDY

  • SPYD

🚀 Step 4: Set It and Forget It

Once you’ve investing in Dividend stocks you can turn on a feature called DRIP, or dividend reinvestment plan.

This signals the brokerage platform to reinvest any money you’ve earned from the company and not pay you out.

That is also an option, you can accumulate your earnings as well if you want to bank that cash and put it towards something else.

Once you buy your stock you can select the option to turn on the DRIP feature and you’ll never have to touch it again — truly automated investing!

Run ads IRL with AdQuick

With AdQuick, you can now easily plan, deploy and measure campaigns just as easily as digital ads, making them a no-brainer to add to your team’s toolbox.

You can learn more at www.AdQuick.com

📊 Step 5: Watch Your Money Grow

If you start getting anxious or hyper like me and want to check your account daily to see how much you’ve made, that may or may not be the best idea.

I started tracking my earnings from stocks/etf’s in a simple Google Docs sheet to keep myself organized and understand my earning trends.

This of course is optional but may help you understand the analytics if you like that kinda stuff.

How did you like today's newsletter?

Login or Subscribe to participate in polls.

SHARE MATTOX MINUTE

Partner Disclosure: Please note some of the links in this post are affiliate links, which means if you click on them and make a purchase, I may receive a small commission at no extra cost to you.

Reply

or to participate.