Give it enough time, and everyone gets that warped dream of firing their boss, being financially independent, retiring early and living their life however they hell they like. There is a phrase that gets thrown around a lot. ‘ … Setup for life …’
It also goes with many other expressions …
Bigger contributions to the 401K or Superannuation will ‘Set you up for life.’ Winning the lottery can ‘set you up for life.’ That next high paying job will basically ‘Set you up for life.’ This is the deal that will ‘Set you up for life.’
2020 has been a challenging year to say the least, and above all there have been a number of realities that have been exposed, as well as the hard lessons to go with them.
Earlier in the year when whole states, and countries of the world initiated lockdowns and people went into isolation, very few people foresaw the shockwave that would circle the globe, and how the impact reached every single person.
Whether we call the COVID-19 Pandemic a black swan event or not, it exposed how fragile individual lives and livings are, and just how vulnerable we are. It proved that nothing and no one was safe.
Above all else I’m about getting cash flow heavy. After all cash flow is where personal wealth starts. If you can achieve cash flow, then you can use money as a tool instead of a treating it emotionally like most of us do.
There are vast numbers of ways to generate cash flow, and one option that keeps on popping up is taking advantage of ‘dividends.’
So let’s take a look at them and find out what all the fuss is about