How to make 1000 a month passively with success
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Obtain a home equity line of credit (aka heloc) with a rate of 2.65% (tied to prime) in the amount of 500k. Take the $120,000/15%= $800,000 (this assumes cash flow and appreciation.) Invest the proceeds in 5 high quality and reasonably diversified dividend paying stocks that are eligible for the federal dividend tax credit.
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You could use it to: New tech provides legit ways to make money online. To get $1,000 a month (or $12,000 a year), you’ll need to invest a total of $191,490 (or $63,830 in each stock). The steps include choosing a profitable niche, writing 30 articles based on competitive research, and creating authority (eat) with 10 youtube videos.
