Working a 9 to 5 job is just one income source and I always believe that we all need more than one way to make money. On my new YouTube channel called: https://www.youtube.com/channel/UCKIXApIrXdvyajZvKV4VSHg or The Dividend stock King stock channel, here I talk about how we have 6 to 7 bills or more and having just that one source of income to pay all of those bills. Having one source of income is not the best thing to depend when your 9 to 5 job is not guaranteed.
Jobs today, your hours can be cut in half, your job can relocate to somewhere else, you may get sick and take time off from work and a host of things that hurt one if you don’t have anything else brining in any money. This is why we all need other sources of income. In this post, lets talk how we can we can diversify our income if we work a 9 to 5 job. In this post, I am not giving any financial advice In this post and you should do your own research before buying or investing into anything.
How can I diversify my income if I work a 9 to 5 job?
I work a 9 to 5 job as I write this blog post and my goal is to retire by the age of 40 so I right now have 6 years to go and I am investing and building business so I can retire from working a 9 to 5 job. We have first starting investing into assets and I think that people wants to invest into things but they don’t know what to invest in or they don’t know what investing is all about and when I was growing up, I heard about stocks but I didn’t know that I could invest into stocks.
Yes I invest into stocks and not just any stocks, I invest in dividend paying stocks that pays me per share that I own. With dividend investing, you can build passive income for yourself and with these online brokers and apps, you can invest 1 dollar into a stock. My goal is to get $500 dollars in passive income and that money is just to pay a few bills for the house like water bill and light bill.
Just think if you had something else that can paid your house bills so you don’t have to. Well that is what I am looking for and with dividend investing you can diversify your income while working a job. Right now with me investing for the past year, I am now making about $100 per month in dividends and it’s going well right now. I also reinvest my dividend to buy more stocks to make more money. The dividends that I am getting are buying more dividend paying stocks so it’s making me more money. In 6 years, with me cutting out buying things that I don’t need and I stop spending on things that don’t make me money.
So I should be making $700 per month in dividends and all those dividends can pretty much pay most of the house bills and that is my goal right now. Passive income is a must and investing into dividend paying stocks can bring in passive income. This is just one way to diversify your income and make some money. I also run an online business to bring in passive income from home.
Start your online business today:
One of the best things that you can do is invest in yourself. Anyone can start an online business from home and it does not take a lot of money to start. In fact anyone can build an YouTube channel that is free and free to upload videos. The one number reason why I wanted an online business is the time freedom, the location freedom and the money freedom.
Lets face it, having a 9 to 5 job is not the best thing to have and trading time for money will not make you wealthy. We need assets, business and some real estate to build passive income. If you want to learn how to build an online business from home, you can click here to get the program that showed me and the program cost $7 bucks one time free: Click here
