Dividend Stocks vs $200 / Month Website
It’s been sometime since I’ve provided an update on Online Income which has been a main focus of this site now for a few years.
I believe income streams are a major component of building wealth in today’s world. Building online income via websites is a real possibility and one I’ve documented over the years since I started this website in 2008. The income I generate from online source has been steady in the $1500-$2000 range now for approximately a year.
I essentially stopped building this income via the same resources as I’ve put a lot of my off-duty focus (I still have a regular job) into building a football site called Saturday Down South which has been very successful. I don’t count this in my online income since it’s run as an actual business and we’re not pulling money out of the site, but rather investing in future growth. This new project is why my online income hasn’t really grown in the past year but instead remained steady in the $1500/2000 range (which I’m completely fine with).
$200 / Month Website
Interestingly, one of my websites which requires zero maintenance has continued to grow. It now generates $200-$250 a month with literally zero maintenance (contrasted with 20smoney.com which does require upkeep). In this article, I wish to explain how significant such an income producing asset is.
As you know, I am a big fan of Walmart’s stock. I believe it’s one of the best dividend stocks out there for a number of reasons.
In order to generate $200 / month in dividends (or $2400 a year) at the current dividend yield, you would have to own 1644 shares of Wal-Mart (WMT) or approximately $92,000 in Wal-Mart stock. Wow!
So, you see the power of a simple website which generates this kind of passive income. $200 / month doesn’t seem like a lot of money until you put it in terms of a dividend stock. The beauty of this website is indeed that it is 100% passive income. This $200 / month can be then invested into other income producing assets or more Wal-Mart stock to help me get to that $92k level!
I purposely don’t tell you what the website is for a number of reasons, but I do in fact reveal the website in my case studies that are for purchase only. The website I’m discussing is the website in Case Study #2. The awesome thing is that it is a repeatable process and one that I’m currently repeating with a few other sites as well.
A portfolio of five $200/month websites would then generate the equivalent of five chunks of $92k worth of Wal-Mart stock or $460,000 in Wal-Mart stock! Ha!
Please note that this isn’t mean to discourage buying WMT stock. It’s one of the best stocks out there right now and I buy it every month.