Maxing Out My Roth IRA (for free)
I continually invest every single week. The more I invest, the faster my wealth grows.
The goal of my investing strategy is to eventually get to the point where my investments pay for my lifestyle via dividends. I never chase dividend yield, I just chase growing my money as fast as I can, while also being smart with my investments. That is why most of my money is in VOO.
Because I keep investing, reinvest dividends & let my wealth grow, my dividend income has been increasing rapidly every single month.
I just crossed over a huge milestone with my dividend income…
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My dividend income has crossed over $6,500 a year, which is enough to max out my Roth IRA every year, for life. Pretty cool, right?!
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This is a huge milestone to hit because even though I will not take those dividends & use to max out my Roth IRA, it is nice to know that if I needed to use that money, I could. It is kinda like getting “free” money to max out my Roth IRA.
This has always been my consistent message on my newsletter. Keep on going, keep on stacking, keep on investing.
Especially if you are just starting out, it is super easy to want to quit. You see $300 a year in dividends & think you are SO far away. However, if you keep going, if you keep stacking, if you keep on investing, compounding will get you there faster & faster. Soon you will hit $400, then $500, then $1,000+. And the more you get invested, the more compounding helps you.
So if you quit, you will never get there. If you keep going, you can get there. Brick by brick.
I share my journey to show you real time how it happens, to show you real time how one brick each week gets you one step closer. Keep going.
Remember that M1 Portfolio I sold out of & sent to my options account? Well, I just made $650 (so far) this week on that money selling options. If you want to learn how, 5 people can get my $50 video course for just $35 (or 30% off). For $35 you can learn how to make $100s or even $1000s every single month on the stocks you already own. (Discount code already applied): https://decadeinvestor.gumroad.com/l/rauxb/newsletter
My Buys This Week:
ETFs: VOO + SCHD +
(x)Tweet of the Week:
Let me know what you would do!
If you had $300,000 invested & make $100,000 a year, would you buy a Tesla?
— Decade Investor💸 (@DecadeInvestor)
Jul 24, 2023
Thank you so much for reading & I will see you next week! Until then, keep buying assets & stacking those dividends. 🙂
- Decade Investor