By Brett Owens
Do you have a reliable way to generate monthly cash flow from the dividend stocks you own today? If not, why not?
Many aEURoefirst-levelaEUR investors hope that their stocks will go higher so that they can sell them for cash flow. But, if you follow rich people, youaEURtmll notice that they never actually sell any assets aEUR" they instead use them to generate more and more cash flow .
We can aEUR" and should aEUR" do the same. We can aEURoetapaEUR dividend stocks for regular cash flow. We can even turn the shares we own today into monthly dividend payments that provide us all the income we ever need for the rest of our lives (and we can hang onto the shares and enjoy price upside, too!)
Some financial advisers (many of whom havenaEURtmt even retired successfully themselves!) pitch a aEURoe4% withdrawal rateaEUR where you aEURoesafelyaEUR withdraw roughly 4% each year that you use as spending money. Sometimes theyaEURtmre right aEUR
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