In this episode I speak about all my accounts. What there purpose for me is and what I have in them. I figured out that 5 out of my 6 major accounts are for Mine and my families future. I have 1 account that is for my F.I.R.E Goals. By that I mean that its passive income from investing in those companies will someday pay what is needed for me to male monthly. I need 3-4k a month with my current lifestyle passively from dividends on the high end that is close to 50k a year. I am now just getting a total of over 1.1k a year that means I still need to get 49k a year from these stocks cummulatively. Now that might seem like it takes a while but that's where the snowball effect comes in. Once You can pay for a bill with passive money you can then take that money you would've spent a month on that and stick it into another stock or grow that portfolio with that extra money. Say you spend 150 a month on your phone plan if you focus on getting stocks that are in communication then you can use those dividends to pay that 150 a month. You Can then have an extra 150 a month to build your portfolio to pay your gas bill and eventually you have enough money covering your expenses that you don't have to work or only have to work minimally to get the extra cash to continue to grow your portfolios. Or to buy property, or grow your businesses, or your brand, invest in others. or whatever you wanna do. The goal is to live life how you truly wanna Live. Get that money so you get more time in the future to grow your wealth and live the life you want
