How to live for free
Anyone can do it. I'll show you how
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Tweet of the Week
Weekly Market Update 🗒️💡
Indexes
The S&P 500 fell 2.9% and the Nasdaq fell 3.6% this past week marking the 3rd consecutive negative week and the worst weekly performance since March for each index.
The Dow fell 1.9% this past week as well.
Crypto
Bitcoin is on pace for its first 3-week win streak since March.
Ether is on pace for back-to-back weekly losses and its fifth weekly loss in six weeks.
Oil
JPMorgan mentions that the oil prices may have a lot further to run.
Analyst Christyan Malek notes that an energy “supercycle” could eventually drive up Brent crude oil prices to as high as $150/barrel.
How to knock off your expenses with dividends and live for free
Ever since I started dividend investing, I’ve been fascinated with the idea of using the income to pay off my living expenses.
Once that happens, you’ve truly reached financial freedom.
You’ll only work for a salary if you want to. If not, you can fire your boss.
Of course, this is the end goal. But I don’t recommend using your dividends to pay for your expenses any time soon.
However, KNOWING you can at any given moment gives you a lot of power.
Power that most people don’t have.
Another reason why I’m so fascinated by this is because it keeps you consistent.
What better way to stay on track than to set milestones throughout the way.
Ever since I started tracking my expenses vs. dividend income, my contributions have risen significantly and so has my dividend income.
I’ve also managed to knock off 2 of my monthly bills so far, and I’m now tackling my grocery bill.
It’s not just something I do on the side anymore. It’s my future and it’s my freedom.
And it can be your future and freedom too.
You just need to know how to block out the noise and focus on what’s really important:
Growing your passive income.
How?
By playing little games within the game.
Imagine you’re renting a house and your dividend income can cover 1 month’s rent whenever you need.
Or imagine you’ve bought a house and your dividend income can cover your monthly mortgage payments.
That is the dream.
Now, here are the exact steps you need to take.
So that you can start knocking off one bill at a time and live for free like you deserve.