How to Earn an Extra $1,357.52 in October
I want to share an update with you.
I hope that it's something you'll pass along to show more investors the light of a unique income investing niche.
Imagine if you had a goose that laid a golden egg every day -- that's what I'm trying to create. Think of how secure you'd feel with having a dividend check every day of the week. It sounds dreamy, but I promise you -- it's closer than you realize.
In September, for example, I raked in $1,118.10 thanks to more than 30 different dividend payments. You can see what I've earned in the past six months below...
I began The Daily Paycheck in December 2009. So far the results have been phenomenal.
In addition to last month's $1,118.10 in dividends, I earned $1,211.80 in August and $1,411.00 in July. In fact, over the past year I've earned an average of $1,357.52 per month.
But what if you don't have the luxury of a $200,000 portfolio... or even $100,000? Wouldn't the income from a smaller portfolio be too small to amount to anything?
That's where the second feature of my strategy can be a godsend...
Once you're getting your daily paycheck you can do what you want with it -- pay bills, go out to eat, buy a new pair of shoes. But if you're wanting to grow your small checks into big checks, the smartest thing you can do is reinvest your dividends.
This is what I do with my real-money portfolio.
So instead of getting my $1,118 last month in cash, I actually reinvested it into more shares of the stocks that paid me. Of course, these shares then pay future dividends, increasing future payments, and so on.
When you don't have much cash to invest, the effect of compounding is one of the most profitable strategies you can use to boost your income.
Action to Take --> One tip to make your paychecks grow even faster -- litter your portfolio with monthly dividend payers and reinvest. The more frequent payments mean your dividends compound on a monthly basis instead of quarterly, boosting your income that much quicker.
[Note: There's a lot more to share about my "Daily Paycheck" strategy... and I don't have the space to include it all here. Instead, I've put together a special presentation that outlines how I'm earning this $1,357 per month income stream (and the brokerage statement to prove it). To view this free presentation -- including a few high-yield picks to start your own "Daily Paycheck" portfolio -- you can visit this link.]
StreetAuthority LLC does not hold positions in any securities mentioned in this article.