Passive Income General Information

Make no mistake. Everyone should be aggressive about creating passive income. The more PI that can be created, the less stress about making more working income is created. There are individuals in this world that are able to live simply off of their PI. There are many types of PI, from basic savings accounts to stocks and real estate. The benefits of having PI take the place of working income are numerous. Regularly, when an individual starts on a path to creating PI, it grows on a regular and continuous basis. Therefor, if you are not creating PI, the question of why needs to be answered.

The benefits of raising passive income are many. They include creating freedom of time and opportunities to do other activities. For instance, maybe you have children and want to be a more active parent in their lives. Having passive income can help create that time you need. Maybe you want to take classes or create projects, and you know that your passive income can cover some if not all the cost. Passive income can lead to the ability to fund philanthropic ventures that otherwise could not be formed.

Even if the passive income starts out small, you should be aggressive in looking to create more of it. For instance, But where do you find it? You can look to your local bank. They have all kinds of interest bearing accounts with small balance requirements which you can use to create passive income. Another place to look is the stock and bond markets. There are thousands of companies that pay a dividend to shareholders on a quarterly basis as well as interest for bondholders. For larger investors, there is also real estate.

Creating passive income can have a dramatic effect on time, imagination, results, and happiness. Finding the way to create PI should be a primary focus when thinking about money.

Happy New Year Wealth

Happy New Year!

Last year was a good one even through all the turmoil. There are a lot of opportunities for wealth this year whether they be taken in stocks, real estate, or any other investment idea.

I have helped start a call selling account which saw a few trades occur with varying results. You can see a blog on that account at www.wikicallselling.blogspot.com. This year will be focused on developing this account.

I am still seeing many real estate investment opportunities. If wealth develops in other investment areas, real estate will be on the table.

Keep saving and saving some more. The compound interest will be enjoyed.

Don't forget to give and donate time and fortune. Only then will you find true wealth.

Pepsi raised dividend

Hey

Pepsi today announced that they are raising their dividend by 25% and that they will buy back another 8 billion dollars in shares once the current buyback is finished. They will basically take one billion dollars of shares off the market this year alone. News stories are below.

http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20070502:MTFH36275_2007-05-02_12-35-31_WNAS9135&type=comktNews&rpc=44

http://biz.yahoo.com/ap/070502/pepsico_dividend.html?.v=1


This reminds me of a blog I did earlier about compound interest. I added dividends to the mix into the story. Any time a company wants to give you money for investing in their stock is wonderful. This is a principle to becoming wealthy.

Compound Interest/Dividend

Hey

This is one the best things about investing if not the best. You can actually find investments that will pay you cash just because you put money into that investment.

In fact, Pepsi just paid me my quarterly dividend payment last week. I simply reinvested it. Next quarter I will now get paid a higher dividend because I reivested the dividend into stock. I also just received my interest from my money market accounts which have earned interest on the interest received in the past.

For banks, it is interest. You can find a bank account that will pay you interest for keeping your money there.

For Wall Street, it is called dividends. You can find companies that will pay you a dividend normally every three months just for investing your money in their company.

Here is the thing about both options. They compound. That means you can use and reinvest that money given to obtain a higher interest paying bank account, or buy more stock with the dividend that the company paid you. It becomes so that the interest from the interest account or the dividend payment from the stock bought from previous dividend payment eclipses our wildest thoughts because it happens on a monthly or quarterly basis.

To put it bluntly ( I believe Andrew Carnegie is said to say), this is the goose that lays the golden egg.

Compounding Interest and Dividends are the sure way to wealth. Start now and don't stop. Take a percentage of your income (even 1%) and open and IRA and get busy becoming wealthy.

The Wikiwealth portfolio consists of the following:
Pepsi Stock(www.pepsi.com)
Sharebuilder Money Market (www.sharebuilder.com)
Have any ideas, questions, comments, web sites or different blogs to look at? Do you want to be notified when there is a new blog entry? Email at keanemd@gmail.com and let me know.