How to Earn Thousands in Extra Income Every Month

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I've discovered a way to earn the equivalent of a second Social Security check every month.

Now, I don't want to mislead you. This check isn't from Uncle Sam. In fact, the government doesn't have anything to do with it. (I think that's good news considering all the debt problems the government is facing).

And you won't be receiving one big check. Instead, you'll see dozens of smaller ones in your mailbox -- or brokerage account -- each month.

Let me explain...

The average monthly benefit for the roughly 55 million Americans receiving a Social Security check was $1,230, according to the Social Security Administration.

In the past year, I've earned an average of $1,357 per month from the strategy I'm about to show you (you can view one of my brokerage statements for proof in this presentation ). In other words, I'm earning a monthly income stream that's LARGER than the average Social Security check.

But you don't have to be a retiree or a mega-investor to follow what I've done. It's available to anyone with a brokerage account...

Put simply, this strategy can help you earn tens... hundreds... even thousands of dollars each month for the rest of your life -- whether you're 28 or 88... whether you're a millionaire or just getting started... and whether you have an MBA or didn't graduate high school.

How do I know? As I told you during the past several weeks, I've been studying and fine-tuning what Icall my "Daily Paycheck" strategy for a couple of years now. And not just in theory -- I've been testing it with actual cash. I have a real brokerage account dedicated solely to this test.

For my portfolio, I'm simply selecting solid and dependable income securities. And I'm focusing on those securities paying dividends frequently. It's not difficult. Literally anyone with an investment account can follow what I've done.

Nearly half of my portfolio -- including holdings like the Reaves Utility and Income Fund (NYSE: UTG ) -- pay monthly dividends. On average, I receive roughly 30 dividend distributions each month. So even on down days in the market , the daily income helps to mitigate any pain. And since I'm reinvesting the dividends, I am actually using the dividends I'm paid now to add to my holdings... increasing dividends in the future.

But it doesn't really matter what I've done. After all, researching, studying and writing about income investments is my job. My putting together an income stream of more than $1,300 a month is much different than "regular" investors doing it.

Or is it? I recently asked some investors just like you how the "Daily Paycheck" strategy worked for them...

Annie S. from Zephyr Cove, Nevada, told us that she's earning "$2,194 a month" from this method. She says that along with her Social Security check of $1,291, she is totaling $3,485 a month, which "covers [her] bottom line monthly expenses."

Vernie R. from Hart, Michigan, told us about how she and her husband have now retired from farming. Their income from the "Daily Paycheck" strategy? They told us "all together [it] is about $40,000 a year." What's more, "we bought a new car last year and could pay for it."

Gordon P., who lives in Patterson, California, simply told us "I average $1,100 per month."

And Curtis S. of Vancouver, Washington, told us "I get about $4,200 per month." After padding his investment account, he told us he is "spending the rest on home improvements, physical precious metals, and helping [his] children through tough times."

These people aren't part of the richest 1%. They are regular folks just like you who have figured out that anyone can use the "Daily Paycheck" strategy to earn a substantial income stream to help pay their monthly bills, fund retirement, or simply grow their wealth month after month and year after year.

Now, I want to be clear. This isn't some get-rich-quick scheme that will "make you millions overnight." And the income isn't as guaranteed as a traditional Social Security check.

Action to Take --> But as a Baby Boomer myself, I am more than a little concerned about the uncertainty surrounding Social Security in the decades ahead. And the problems with U.S. debt haven't done anything to calm my fears about the sustainability of the current program. But with a strategy like I use in my portfolio, I don't think you have to rely on Social Security alone for your retirement income needs.

[ Note: I have there's plenty more to share about my "Daily Paycheck" strategy... and I don't have the space to include it all here. Instead, I've put together a special presentation that outlines how I'm earning this $1,357 per month income stream (and the brokerage statement to prove it). To view this free presentation -- including a few high-yield picks to start your own "Daily Paycheck" portfolio -- you can visit this link .]

 
-- Amy Calistri

Amy Calistri owns shares of UTG.StreetAuthority LLC owns shares of UTG in one or more if its "real money" portfolios.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

© Copyright 2001-2010 StreetAuthority, LLC. All Rights Reserved.


This article appears in: Investing , Investing Ideas

Referenced Stocks: UTG

Amy Calistri

Amy Calistri

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