over 55 of non-investors don't think they make enough money to invest i was one of those people
just a couple years ago we barely had any net worth in fact we were negative in our net worth
because we had so much debt between our cars our house and credit cards and student loan debt but
i got so tired of not having enough money at the end of the month to enjoy things that we love i
want to be able to go to sleep and wake up the next morning feeling refreshed and not stressed
out about money that to me is living my ultimate sweet life and on this channel today i'm sharing
with you how i went from there to now a 70 000 portfolio and why i find investing so exciting
even though to some people it sounds a little bit boring in this article by yahoo finance go banking
did a survey where 55 of non-investors think they don't earn enough money to invest and that's the
primary reason why they're not investing but that 55 is what's really interesting to me because what
i wasn't aware of back when i was first starting off is that even with all the turmoil that we've
seen over the years such as 911 the banking crisis of 2009 the coronavirus pandemic of 2020
and all of the other recessions well before our time is that the stock market in the s p 500
has grown at an average rate of 10 per year so even with all those crashes it maintained enough
to grow at an average rate of 10 and now i look back and i'm like wait a minute my raises were
only about two to five percent a year my savings account is only paying me 0.4 percent per year
maybe i need to do something with this so the first thing we started doing is paying off debt
but then it got even more exciting once we were out of debt to start putting money into investment
now it's not like the old days where you had to pay commissions and all these other things i
started with things like robinhood weeble and some of those other fancy investment apps that actually
have commission free trades and they're actually free to download and relatively easy to use
so today i want to break down my 70 000 portfolio and what my future plans are with my money and my
goal with this video is to help inspire you now this video today is brought to you by skillshare
but more on that a little bit later now i've said it before when you invest in things like dividend
stocks every time you buy another share you're essentially giving yourself a raise and the reason
for that is because every time that you get one more share they pay a certain percentage of their
profits in the form of dividends for every share of the company or the stock that you might own
and that's why i say every time you buy a share you get a little bit more money
you buy a second share a little bit more money on top of that and that's outside of the growth that
happens over the period of time that i mentioned earlier with that 10 growth on average here we
are on trackyeardividens.com now this is a free website that you can use hop over there to that
website sign up for an account and you can plug in your information manually absolutely free and
that's exactly what i've done here so here we are currently at a 73 000 portfolio and you can see
that little green is 9 895 worth of growth what that means is since the moment i started investing
i have grown my money an additional 9 895 but i'm going to break this down first thing i want to
pull your attention to on track your dividends is this dividend yield now this dividend yield is 3.5
which means for all the money and all the stocks that i own i get a yield of about 3.5 percent in
dividends which means my annual income at the current moment is 2 570 a year now a lot of
people are gonna be like well that's not a whole lot of money to live off of but that's not my
goal at this moment still kind of young and i'm still starting off with my investments but as
time goes on and we get a little bit older i'm gonna start focusing heavily on dividend stocks
to get that annual income higher and higher you know some people actually live off of dividends
whether they make 60 80 100 000 a year in dividend payments you can do that too by
starting today and staying consistent now for those of you who have been following me for a
while you might be like wow okay the last update you did i think you were around 50 000 right
you're absolutely right right around 50 000 so we've grown another 20 000 because i've been
investing more money as i go along on top of that i did move out of some dividend paying stocks and
focus a little bit more on growth the reason for that is because we are still young we have a long
time trajectory in order to go up and we want to ride the wave of growth sometimes when you focus
only on dividend stocks those companies are paying out based on profits but they're not innovating as
much as some of these other companies so what you can do is focus on growth companies and ride the
wave up up up as they continue to grow and expand things like apple tesla and some of those other
companies that have a lot more innovation and a lot more growth potential in fact we just talked
about the metaverse that's a whole different technology coming down the pipeline that could
really take some awesome growth to a whole new level but if you're older let's say you're 50
60 70 years old you're watching the channel i appreciate you welcome aboard you may want to look
more toward that income producing activity which means you want to focus more on dividend stocks
instead of growth stocks if you're not really sure where to begin make sure you subscribe to
the channel i do put a lot of video content on everything personal finance that can help you
build your portfolio to the next level so how did i earn some of this money well i'm very focused on
doing things outside of my normal nine to five job things like we call side hustles and yes youtube
is certainly a side hustle and full transparency it is producing me lots of extra income that is
cool but it also takes a lot of work i also do things on the side such as amazon flex
usertesting.com and some of the other side hustles that i've shared with you in my prior videos here
on the channel i'll link them in the description if you want to check out and get some ideas for
yourself on side hustles outside of your nine to five and i think that's a great way to start get
some extra income that you weren't expecting in the first place once you receive that income turn
it around and put it into the stock market then at that point it's not really money that you were
expecting anyway and it doesn't matter if it drops down you can let it continue to grow grow grow
over time now if you also want to find a way other than the side hustles that i mentioned here's a
great way that you can up the ante you can go to something like fiverr and get yourself skilled
up to learn a little bit more about how you can grow your ability to sell a service so for example
let's say you want to do some graphic design and you want to share maybe some new thumbnails for
youtubers and you want to get better at photoshop maybe you don't know a thing about photoshop
but you realize that if you go on fiverr you could make a good amount of money designing thumbnails
for people's youtube videos well here's how you could do that you go over to something like
skillshare now skillshare is an online learning community with thousands of inspiring classes for
creators you can explore new skills such as for example photo creation within photoshop learn all
about it scale yourself up and then what you can do is take that knowledge apply it toward a fiverr
gig people pay you five dollars ten dollars twenty dollars whatever price point you set and then you
deliver that thumbnail or that graphical design to the person to the end user now for me personally
i am still going through and absolutely loving advanced video editing with jordy vandeput it has
a ton of content within here but what's really cool about this is that he provides in-depth
information on premiere pro and that's how i edit my videos here on youtube so i can get better at
producing a little bit more flair for you guys because you guys deserve it here's the best part
the first 1000 of my subscribers who clicked the link down in the description below will
get a one month free trial to skillshare so you can start exploring your creativity today
click the link below check it out use it for free turn it into an income producing activity and come
back to this video comment down below and let me know how you're doing so you can see within track
your dividends that's my overall summary and then you can see all the different accounts that i own
now because i review investment apps i tend to use them because i don't want to do reviews on things
that i don't personally use so i have public which is another great investment app i have robinhood
i have schwab i have stash and i have weeble my biggest account i believe is within weeble
and then my second biggest account is my schwab account and then the rest kind of go from there i
also do have a m1 finance account which only has about 100 in it and then i do have my roth ira
my traditional ira and all that other stuff and that's completely off this particular grid what
i'm sharing with you today is only my actual brokerage portfolio so let me break it down step
by step first we got public okay now in public we got a 215 balance a yield on cost of only 1.19
only annual income of two dollars so i don't have a lot yet invested into the public app
i got apple amazon starbucks spy and vti and you're gonna see a lot of these repeat
throughout my different portfolios just because i enjoy buying these type of funds just because
they're awesome within robinhood i have things like apple bank of america google harp mattel
and at t by the way yes i still have at t even though they are cutting their dividend and they're
going away from warning media to only focus on the telecommunications business we'll see how it goes
but i'm just enjoying the ride with that one now where things get serious is in my schwab account
and i have videos on this particular fund but this is where i make most of my annual dividend income
here we have a total of 2 127 specifically within my schwab account and the reason for that is i'm
invested heavily into things like qyld ryld and nusi those particular funds are covered call
option strategies that pay distributions every single month and because they pay so well some
of them up to 11 dividend yield that's where i get most of my income so you can see for example
i got 461 shares of qyld and because that pays every single month i'm getting i think around 99
per month now you might be like why are you doing that well that one particularly for me is extra
money that i have when we had the pandemic and we were all quarantined i started saving a ton
of money so right now that's just extra cash that i have in preparation for a future big mortgage
payment that we're going to be making but in the meantime i am stuffing it into here and enjoying
those incredible monthly distributions and then we have stash which is up uh about 824 for 45.69 and
annual income of only 40. and then last but not least is my weibo account and that's the big one
at forty thousand dollars the reason that one's up so high is i do have a cryptocurrency within
this particular account weeble does offer the ability to buy cryptocurrency most of my crypto
is within coinbase and it only represents about 10 of my overall portfolio but within weibo and
here i do have some of that shiba inu you may have seen that talked about here on the channel before
but that is up over five thousand dollars because that is certainly going on a bull run right now
making up most of that gain at the current moment but again i still got my very conservative
investments like vti which tracks the total stock market index i think if you're a beginner and
you're wondering what should i do if you find things that track a market such as the total
stock market or the s p 500 that could be a great way to get started for your investment journey
the best part is up here at the top upcoming dividends this one's a lot of fun because every
single month you can see how much you're expected to get paid out so november 2021 i'm expecting
about 193 followed up by december 270. the reason it goes up in december is there are certain stocks
and certain etfs that pay you quarterly instead of monthly that's why every three months you see a
little bit of a spike in my upcoming dividends and if i scroll down here it'll let you know exactly
what is paying you on what particular month this is a super awesome benefit let me close this
ad here at the bottom but you can see right down here as i mentioned earlier you got nusi and qyld
really pumping the boat here 60 total dividend in nusi 99 in qyld and remember if i reinvest
dividends which means i don't take that 99 and use it i instead reinvest it back into the company
that 99 this month will become a little bit more this next month right here it'll have a little
bit more shares to generate additional dividend revenue now i got to be honest with you guys i
plan on going a lot more bullish both with my brokerage portfolio as well as my cryptocurrency
portfolio but not until we pay off the mortgage so you may not know this about me if you're a
new watcher to the channel but we are going all in on paying off the mortgage the reason i want to do
that even though i understand that investing could gain me a lot more money than paying off that kind
of debt i like the idea of not having any risk so for example let's say the pandemic type of stuff
happens again or there's a financial meltdown or something crazy happens stocks fall everything's
going to hell and everybody's afraid i want to be able to say you know what if my income goes away
if i get laid off or something bad happens my biggest expense which is my monthly house payment
doesn't exist anymore so we don't have to worry about getting kicked out of the house
we just enjoy our life that's why i'm going all in on that now once the house is paid off get ready
because this channel is about to light on fire with some additional focus on future investments
but remember everything here is not financial advice i'm just some guy on youtube who sometimes
looks like woody from toy story but if you enjoyed this video make sure you like and then check out
this video next on qyld as well as the taxes behind qild if you're looking to really up your
dividend game to the 10 dividend yield or more until next time we'll see you on the next video