You will need a lot of money to make $200 dollars in dividends and it really depends on the stocks that you buy to make that $200 dollars per month. Right now I am making $168 dollars per month in dividends and I invested over time over $20,000 well that is what my account value is at right now and please be should to do your own research before buying anything on the stock market and I am not giving you any advice on what to buy. I buy all monthly dividend paying stocks and the key is to reinvest those dividends every month.
Dividend investing is a long term game.
I know that $200 dollars is not a lot of money is live off of and that money can be used to pay some bills but please keep in mind that dividend investing is for the long term and the sooner you start and better. Using the DRIP or reinvesting your dividends is the key to build that snowball for more money in the future. $200 per month is not hard but it will take some time to make that kind of money and it really depends on what stock you buy at what price. So to keep this post short, I look at dividend investing as something I would used 10 years from now and my goal is to make $500 dollars per month in dividends just so I can pay the light bill and the water bill.
Just work on making more money so you can buy more stocks and reinvest those dividends every time. One day you can use them but right now I would focus on making more money, cutting things out that cost you money and trying to build something outside your job like an online business are start a blog. You don’t need to watch your stocks everyday but this a long term game so this will take time.
