Funny when I get to talk to people about growing their own Passive Income Generator (PIG) I am asked, what is the easiest passive income generator to grow my wealth?
Dividends
This is based on my opinion, with is backed by my experiences. Still, my easiest PIG to grow is a dividend stock portfolio.
One Of My Dividend PIGs: Dividends!
The stock portfolio I’ve built generates money(through dividends), whether I pay attention to them. I picked some solid earners, and they continued to send me money. Which, of course, I reinvest back into my stock portfolios.
My Favorite And Easiest Passive Income Generator:
Another solid passive income generator, PIG, with both ease and diversification (for my safety), is one of my non-retirement brokerage accounts at Charles Schwab, where I’m about 100% invested in SCHD. Something about Schwab U.S. Dividend Equity ETF (SCHD) is how just holding one share of this ETF already has 100+ shares of some of the most financially solvent US companies, all passing profits back to us as shareholders. I love this ETF for now, and hopefully long into my future.
My PIG Examples:
Now, none of this is an offer or recommendation to throw all your life savings into any stock or all stocks. Just to answer the question, what is easiest for me?
If you need help in determining how you can set up your dividend stock passive income generator (PIG), please get financial help, or if you are a learner with thick skin for risks, you can manage your stock picks on your own, like me.
But again…
My Easiest Passive Income Generator is my dividend-generating stock portfolio.
 Myself with an interesting Bull Sculpture. Notice: No Lambo’s. :/ | Hi I’m Tom, A Blogger And A PIG Farmer. PIG Farmer as in I grow Passive Income Generators(PIG’s). I’ve been playing with stocks, mutual funds, and options for decades, as well as always working on my side hustle stacks. Unlike what you read online, I’ve yet to find a way to get rich quickly. Get Rich Quick isn’t happening for me. My journey has been long and continues. I hope to have so many PIGs I can stop working at my current job and volunteer as a medical worker overseas. Still waiting, but getting there. I still am a family man, and while on this Journey of Growing PIGs. I wanted to share my adventures(ups and downs), hoping you will contribute with your feedback and comments. Fun Fact: In my spare time, I am a Band-Dad! |