Beginner's Dividend Portfolio Building Masterclass: How To Build A $40K Dividend-Paying Portfolio
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- āđāļāļĒāđāļāļĢāđāđāļĄāļ·āđāļ 26 āļ.āļ. 2024
- My favorite HYSA: bit.ly/4eui2Vu
In this Beginner's Dividend Portfolio-Building Masterclass, I talk about the 3 steps on how to build a $20-$40K dividend-paying portfolio.
1. Buy dividend-paying assets (ETFs vs companies)
2. Use the DCA method (Dollar cost averaging method)
3. DRIP vs self-reinvestments vs income
I also talk about the number one mistake beginner's make, which is that many people will focus ONLY on the dividend yield.
You don't want to do this. Sadly, I made this mistake too. Instead, you want to focus on both:
1. The growth of the asset
2. The growth of the dividend payouts
Remember that this is a BEGINNER'S video and I didn't want to get into the complexity of describing the growth of the shares, ETF/stock splits, etc. I wanted to make all variables static to keep the video simple.
As a former public school teacher, I found that when things are too complex, people often don't take action.
Also, the $20-$40K dividend payouts are relative to your overall account value. Start small and invest consistently to help you grow your wealth exponentially in the long-term. It's okay to be the turtle.
I hope that we're all able to plant our acorns now, so we can all have oak trees later and be able to live off of our dividends and asset growth.
Hope this video brings value to you and encourages you to start building your wealth! :)
Have a good day!
-Steve
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The BIGGEST LIE You've Been Told About Money is that it doesn't grow on TREES!! ð
I agree with you!! Money actually grow on trees but only on trees that was planted by you!! These tress are referred to as investments. How you diversify your investment portfolio matters
Diversification is the key. My portfolio is well diversified with the help of a financial adviser. This helps me make more than +400% monthly on my investments.
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
I've experimented with a few over the past years, but I've stuck with ââAngela Lynn Schillingâ for about five years now, and her performance has been consistently impressive. Sheâs quite known in her field, look her up.
Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
Please make more videos for people over 50 who need to catch up. Thank you so much!
Yes please - would love to get great tips âĪ
Totally me
Yes, I'm almost 60, finally crawled my way out of debt, and now have some income to invest prior to retirement. HELP...!!!
Yes. Please do this!!
Yes please ðð― I have just finally decided that I needed to learn to invest, especially to do Options. Thanks
I am so happy that i made a productive decision about my finances that changed my life forever. I am a single Dad and i live in Florida, i bought my first house in September and i hope to retire next year at 40 if all goes well. Thanks to Mrs Judith M Layton for helping me achieve this.
Wow. I'm a bit perplexed seeing her been mentioned here also Didnât know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
The very first time we tried, we invested $1000 and after a week, we received $3900. That really helped us a lot to pay up our bills
You trade with Judith M Layton too? Wow that woman has been a blessing to me and my family
Please let me know how to contact her as I'm new to this.
I was skeptical at first until I decided to try. Itâs huge returns is awesome! I canât say much.
Hi everyone! Hope you're enjoying the video! Let me know your questions!
Thanks so much. I just wish I learn about this when I was in my 20s. I am trying to convince my husband to invest too. Thanks for teaching us and helping us be educated in investing. I appreciate your help
Hi thank you for the information.
I have to say you are pretty amazing! I congratulate you to have so easy and clear vÃdeos. Even though Iâm in my 60âs , I learning everday and forward this info to my friends and family. Thank you,Steve
Steve, many thanks to you for one more amazing video. Please share how to know which company does pay dividends and which does not? Where to check this info?
Iâm learning as I go, all thanks to you! Soon, Iâll be applying this to my younger brothers to increase their growth as well.
Listen to this guy. I did and over the past 3 years I have invested just under $100K into dividend stocks. I'm getting $850 a month in dividends that I will continue to reinvest until I retire.
What was your annual salary when you started ?
Your portfolio has a 10% yield?? Gahhhh man be safe
Steve, how do i pay taxes earned from dividens?
@@flo4597 I usually put 15% aside and just claim them like regular income. I have someone do my taxes and she figures it out for me.
@@slugwaffles Not really, The 100K is just the initial investment. I have rolled everything over every month so it's worth more than that now,
Excellent video for beginners. Starting out as a newbie can be tricky, and overwhelming, but the Call to Leap videos are done in a very approachable manner, without being stuffy, and cold.
Thanks Phillip! I try my best to make it as simple as possible because I know I was terrified when I started too.
I came across this page and I am blown away. I turned 50 in January. Totally at a loss on how to start. Overwhelmed is an understatement. Needless to say, I have subscribed.
I'm interested in investing, but I'm not sure where to start. Do you have any advice or contact who can help me out?
Investing can be complex, so it's smart to get professional guidance when building your financial portfolio.
I'm Celebrating a $30k stock portfolio today. Started this journey with $6k. I have invested on time and also with the right terms now I have time for family and life ahead of me
Congratulations, do you mind sharing how you did it.
â@@CarlosNCalvinI will say give Mrs Gillian Sara Sheeran a try and you will be happy you did.
YES!!! That's exactly her name (Gillian sara ) so many people have recommended highly about her and am just starting with her from Brisbane Australia
One of the best videos for beginners - clean, concise and introduces the âhow-toâ steps!
Thanks!
Found your channel today and thoroughly enjoyed the video. Thamk you for the grat content.
GREAT Video!! Detailed and thorough!Thank you ð ð
I love you as a son thanks u l am 55 this year and I am not prepared financially the videos is a god send thank u very much
Aww thank you! This made my day ðððŧ
â@@CalltoLeapLearning from you..I am about to start. Late, but hey..I am hopeful with your guidance I will do good like you. I'm 56 and need to work on this aggressively. Thank you for all your videos, posts, and your humble and sweet personality. God bless you!
Steve, your videos are thorough and easy to understand. I have shared your shorts and videos with my family and friends!
Thanks Linda! It means a lot to me!
New subscriber here 55 yrs young. Looking forward investing for dividend
Woohoo! Welcome!
Thank you for the video. it's very informative. I contribute 125 weekly with the drip on
You have given me a better understanding. A lot of people don't explain the part of investing every month. I am a good saver and patient, but I want to have more investments.
Yes! It's a consistent action that should be done each month. I'm glad this video helped! :)
Thank you, Steve! You're a blessing!
Aw, thank you!
Thank you for helping people like us!! Appreciate you âĪïļ
You are so welcome, Aaron!
Wonderful. So clear. You are soooo nice!!!
Thanks Kathy!
Love your videos. Keep up the good work! ð
Thanks Belle!
Such a great video! It was simple and easy to understand. Thank you so much for this beginner angle.
Glad it was helpful!
One of the best videos I have watched n this topic. Thank you for your time and your explanation. You a very dedicated âĪ
I started following you! Your video is really good!
I can tell you are/ were a teacher . Great video ! Very informative .
Means a lot to me. Thank you! :)
This was so good. Thanks. I didn't know any of this in my youth, but I make sure every day that I educate my daughters. I sent them this video.
Thank you! You're GOD sentâĪ
Beautifully explained. Thank you.
Fantastic! I'm hooked. Thanks Steve.
Ah nice! Hope this video helped!
Great explanation you made it very clear easy to understand ðâĪ
Hi, Steve. I am a Singaporean, resident in Malaysia. Great video. I am planning to start learning how to start trading..I find your video to be informative. Thank you
Thanks Vincent! I appreciate you!
This was excellent, thank you.
New subscriber here,Steve. Lots of gems here in this video. Thanks so much.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Iâm 24, entered the stock market 6 months ago and have been educating myself on it since. I rejoiced at having learned about covered calls, cash-secured puts, and the wheel strategy. Yesterday, I caught GME early, knowing it was a gamble, I sold a covered call, only realizing I was a fool as thousands of dollars in profit escaped me ð
Additionally, I was quite confused when I pulled out of my position. I sold an option contract for $650, and should have earned $120 from the share appreciation. Nonetheless, when I bought back my contract and sold my shares, I only made $665. Can anyone explain this to me?
Don't worry, you still have plenty of time to have even more $$$$ escape from you........
Hi Travis. I don't like meme stocks and don't recommend owning these shares. Please make sure you have the right mindset going into the stock market. Many people lost money with GME and I'm certain they will lose money again in this next upcoming round. Please be safe, friend!
Excellent video Steve. Looking forward to a âbeyond the basicsâ video. Thanks.
You got it! Anything in particular you would like me to talk about?
Iâm interested in better understanding what the Order Types are, when it make sense to use âMarketâ, etc.
I liked this video a lot because it was a good pep talk with positive encouragement relative to long term strategizing. Just what I need to hear!
Thanks Shannon!
Good video/presentation. Keep up your good work encouraging new (younger) persons to get involved in investing: for their future. Also, continuing self education!
Thank you! This means a lot to me! :)
Thank you so much for this and for teaching things so clearly âĪ
+1000 points for the Enceladus poster in the back ðð
I love this kid! âĪ. Any chance you could do a video for those of us who are older (50âs) and just getting started in investing? I donât have 40 years lol, but maybe 10 - 20. Thanks bro! ð
Great info!
Thank you! I'm glad it helped!
Great video!!
Thank you for sharing Steve...
Of course! :)
Great content keep it up. Very motivating.
Thanks so much!
Thank you so much, this is so helpful!
Glad it was helpful!
Great tips! Seems like we all made the same mistakesâĶ as long as we learn from them
So true! We can always learn from them!
Thank you Steve
I loved this video. I never saw any of your content before it was very digestible and I am beyond beginner level. Iâm very grateful for your knowledge, thank you.
Aw, thanks Andrea! Means a lot to me.
Thanks for the info. You are so true. Consistency for sure.
Consistency is key when it comes to building wealth!
Thank you so much this will help me out âĪ
Great content as always
Appreciate it! Have a good one!
Thank you so much for all that you do. I"'m new to the stock market. Your videos are great. God bless you.
Thanks! Means a lot to me!!!
Great video.
Thanks for your great help!
Thanks Emilio!
I like this video! Very simple for beginners to learn from, I am just in my first month of investing and pretty excited for the long-term profits and financial freedom. I may suggest this video to some friends too.
Aw thanks! I try my best to keep it simple. :)
Great video! Thanks for sharing!!!
I'm glad you enjoyed the video!
Thank you for your effort.
Thanks!!! :)
Very good video! Congrats
Thank you very much!
Thank youâĪ
You're welcome ð
I have Fidelity, can I buy VTI there ? Thank you so much for this video. You make it so easy to understand. Once a teacher, always a teacher. But a rich teacher. ð
We love it ð.
Thanks! :)
Thank you so much!!
Thanks for watching!
Awesome!
Thanks!
Great video Steve tkuâĪ
Thanks Lana!
Thank you âšïļ
You got it!
The AT&T exemple make so much sense
Yay! I'm glad it did!
I Truly Thank God for you! You are so thorough and detailed.. Thank you so much for helping me to understand all these terms. I feel so much more confident about what to do with my money.ð
Ah this makes me to happy to read! I'm glad this video helped! :)
Because of you I opened a high yield saving account, Roth IRA and a brokerage account. I'm in my late 50s. Boy I wish I found you much sooner. I'm working on selling covered calls now. This is a big step for me. Thank you so much Steve!
Thank you âĪð
You got it Jose!
Great info! I've been investing weekly.
You're sticking to the plan!
Thanks for providing such valuable information! I'm just beginning my journey, and I appreciate the insights you've shared. I recall you mentioning a budgeting sheet in your video, but I haven't been able to locate it in the description. Could you please confirm if it's included in one of the other links provided? Thanks again!
Thanks Joseph. Yes, it should be in the description. I just checked right now.
Youâre phenomenal, Steve.
You are great at explaining things simply and clearly. Iâve only been investing for a few years, so I appreciate how you teach.
Thank you!
Aw, thank you! This means a lot to me!
1. I need to open a brokerage account right? This video is for a brokerage account right?
2. When we get the dividend? How do taxes come into play? Should we save a percentage of the dividends?
3. Can you make a video on how to open a brokerage account and how one should prepare themselves with taxes and dividends?
Yes Webull/robinhood/moomoo etc..
Steve can you make a video & explain what is Gross expense ratio and Net expense ratio? And is that something we need to look at when investing ?
Sure! I can put this on my list!
Thank you
Thank you!
I love the way you teach great job son
I appreciate that!
thank you so much for Sharing ... i found your video to be very helpful ... i am a newbie and have never traded or invested in stock market ... but i am in the learning phase right now and will be taking the flight real soon ... wish i had pushed myself to learn this much sooner its just always been so intimidating ... but im very serious about changing my Financial status so off to the races we go ... i am 48 years old so i have got a lot of work to do sheesh, but i am so tired of being tired so here i am.
I'm glad you're taking the first step to investing!
Really nice and easy to understand video! Can you do a video on what you do to research what index funds or shares to invest in please?
Thanks James! Yes! I can make a video on this!
I love your videos âŽâŽâĪâĪâĪ
Please can you do a video on reits
Sure! I can put this on my list.
What advice do you have for a 60+ year old with no investments and wants to retire?
You can read my eBook: Financial Freedom, Faster. I talk about the money steps to follow, starting with budgeting and building an emergency fund.
Loved how simple and clear your presentation was. Do you have a presentation in Options?
Hi Ada! Yep! You can check out my channel. :)
Yes! I am viewing the videos you have posted in both TH-cam and Facebook. Iâm interested in Coaching please. I have sent you an email. Thanks ðð― Ada
Hi Steve, I like watching your videos. So informative and done intelligently. What videos would you recommend for viewers over 50 who would like to build more portfolio?
Hi Fem! Thanks for the encouraging words! I actually made a video on this topic a couple of months ago! Feel free to check it out!
Bro you're a humble dude man keep helping people buddy there's not many people like you no more most youngsters are only gold diggers specially females they won't move a finger to help anybody basically the only love you if you have money
Proud reall talk
Thank you for this video! This is exactly the information I've been wanting/needing.
Woohoo!
So, for example... Altria pays a high dividend yield. $4 per year, each share roughly $45. To get $40,000 in dividends I need to buy 10,000 shares so $450,000 ðŪ. That's one of the highest dividend yields out there. Most broad market ETFs are only less than 2% so I'd need to own $2M VOO shares in order to get $40,000 dividend annually.. is that right?
Very informative video, thank you! What other ETFs I can consider as a beginner investor? Thanks again.
If I were to talk to my younger 20 year old self, I'd probably stick with the basics. (1) S&P 500, (2) Growth, and (3) Dividend-Paying
I personally like SPY, QQQ, and SCHD. However, you can invest in what you're most comfortable with.
Hi hi, would you be able to share between buying a dividend paying mutual fund than dividend paying stock or ETFs?
I asked all my friends and families to look at your videos especially my 2 sons
Awesome! Thanks Judith!
Question: For the DRIP method, if the dividend is only fractional to the share price in the beginning, what will happen? Thanks for the well explained video for beginners. We're often impatient to growing rich slowly.
ITâS STEVE!! (Im new here)
A part I don't understand with the DCA approach is if you only have 20, 50, maybe even 100 to put in per month, what if that isn't enough to buy a share so you just hang on to it to the next month? I know with my investing platform it doesn't allow me to purchase partial shares and certain companies have minimum investment amounts
Steve, first, thanks for the presentation.
My question is how you can save the most in terms of capital gain tax on these dividend payments.
$1500/mo rental income has way more tax advantage in the means of depreciation. Whereas, dividends income doesn't have any. Thanks again.
You can invest in a tax-advantaged account, such as a Roth IRA where the dividend withdrawals will be tax and penalty free at 59.5.
@CalltoLeap Delayed but true. I trade/invest via LLC entity. Will you be able to provide any advice on what I should do with any yearly income I realized so that I can minimize my tax aside from those business expense write-offs? I.e. getting myself under its payroll, etc.
Voo or fxaix? Arenât they the same? Which one to purchase? Thank you!! And thanks for all the good information!! Subscribed. ð
Thanks Lucy! They are pretty similar since they both track the S&P 500. If you want to sell covered calls later, you can consider choosing VOO since it's option-able. But see what works for you!
Thank you!
Iâve been using an advisor. Have a good amount in retirement. About 8-10 years from retirement. Thinking of taking control and self managing, do you have a suggestion if I should just convert to just a few funds? That pay dividends? Instead of all the different funds Iâm in now? Iâd be happy with 50-60 k dividends and I can still work part time for extra money. What portfolio would you use and how much total funds would I need to make that happen? Seeing if I have enough or how much more I need to aggressively save.
Hey Steve , very good video . I can do better editing in your videos which can help you to get more engagement in your videos . Pls lmk what do you think ?
I'm good. Thanks for the offer!
I also heard about investing in Life insurance that also pay dividens and is tax free. You can also borrow against your policy etc. Itâs another way to invest. What is your thought? Thank you.
IUL or VUL doesn't pay dividends
åĪ§åĪčŊããĢãčīããūãðððŊ
Thank you! :)
Hi, real fascinating video, thanks) but I can't find your budget sheet :(
seeing people in their elderly years begging for your help makes me think im actually super ahead of my time but in a generation where i only see people younger than me winning but im 26, i think meme coins are insane and this next bull market for crypto made me think of dividends from profits from crypto. i going to have at least 100k a year from dividends, waste management is the most op one there is bc as long as theres humans you get paid essentially lmao