Dividend Money Stream for Entertainment…
Doesn’t that have a nice ring to it? Wouldn’t it be great to have your entertainment expenses paid for by a dividend stock money stream? I know I would like for that to be the case, and quite honestly, I’m working on one for myself in addition to the one my son is working on for his website.
Unfortunately, unless we dramatically increase our income, we won’t have the luxury of creating a Dividend Money Stream in 1 year, or even five years! I estimate that creating a dividend money stream that covers all of your entertainment expenses would take at least 10 years to accomplish! Ten years are a long time, but I think it would go faster than we think! Still, after only 1 year in and it seems like eternity!
Still each year you are that much closer to your dividend money stream for entertainment goal! I think that problem of not creating such a goal would mean that you stunt your financial wealth buildup. Creating such an entertainment stream has an indirect goal of making you much wealthier. Not to mention enabling you to build up a natural emergency saving fund. That the flexibility of creating such a dividend stream, it’s flexible and can be used for other uses if the need arises!
Do you think a dividend money stream for entertainment makes sense for you?
Thanks for reading!
This blog is totally my son’s idea, and I think it’s a great one!
It’s great because it’s a blog that acts as a diary about the fun things that he is currently doing in his life. Someday he’ll look back and remember those fun things that he did via his blog entries…
The tricky part of blogging about entertainment is that it can get costly… For a kid without an income stream (aka a job!), it’s hard to have money for this type of blog. After all, it’s hard to write about fun activities when you don’t have money to spend on such entertainment activities. Sure there are free and frugal activities, but those are far and few between, and besides, he has done most of those that are local to the area. Oh sure, he’ll still write about them, but it would be hard to someday take a girl out on a date without some money, no?
So is my son stuck in a chicken vs egg dilemma?
No! After a brief discussion, we decided to establish a dividend stream for entertainment timez! This actually works out well for us because I’ve been meaning to teach him more about investments for quite a while, and this can lead into such a win-win scenario.
While my son gets an allowance, it’s already spoken for and besides I think it would be more fun to merge our two interests. So we decided to create a dividend stream from any money that he earns online, and invest that money in either stocks or mutual funds that provide a dividend stream. The idea being that the dividend stream would then be used for his entertainment activities.
Someday (after he get’s more traffic), we’ll put Google Adsense on the site too. Hopefully that will help him gain some money for his blogging activities.
Thanks for reading!