How I make $1000 per Month in Passive Income from the Stock Market

So I finally got to make $1,000 in passive income per month with the stock market, and in this video, I’ll tell you exactly how I did that.

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1. How much do I have invested ( so that’s the first thing I’ll tell you )
– However, I recommend all of you do this one thing
– Write down all your bills just like I did a 5 years ago
– And do the math and find out how much money you need in dividends to have your investments pay the bill ( annual Bill amount / Dividend yield percentage)

But overall: Currently here is how money I invested
– M1 Finance hold around 63% of all my investment money ($232k)
– Acorns, Robinhood, Vanguard and Sofi: I have the other 37% which around 85k
– For a total investment around of 317k ( now its time to understand how I get $1000 per month from this )

Tip: little education on why invest the way Invest

2. The 4% rule
– This rule was created to help retired people not run out of money for at least 33 years minimum during market disasters ( but if the market stays average you will never run of money )
– The principle is that you only withdraw 4% of your portfolio size per year
– And if your portfolio grows at 8-10-12% well that means your money is growing more and more even though you are taking out money

Things to consider:
– Math to know how much you need to retire
– Taxes on long term capital gains or ordinary income
– ( the lower your expenses the less money you need )

3. Margin of safety
– If you want to follow the plan I follow you have to understand that its not a perfect science
– So you need a margin of error ( because who to say the market won’t crash and stay crashed for 25 years
– Its happened in the past and can happen again

So whatever amount you need:
– I recommend you add an extra 20-50% so you feel safe

However, remember:
– Your house will be paid off
– You’ll still have a job
– So it’s not like that going to be your only source of income or like you have a lot of expenses

For me:
– Although I was 48k I only really need 26k

4. Dollar-cost average
– This a rule that was created to make your you don’t have to worry about timing the market
– The solution is to buy frequently the same amount of investments over a long period of time
– So you can do by invest lets 10-20% of your income into your Roth Ira or 401k ( which mean you’ll buy the average price and don’t have to worry about buying too high)

5. Why m1 finance

My goal is to have $500k by the end of this year invested ( which will give me $20k per year )

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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