When it comes down to it, this is what managing your finances is all about. Understanding the difference between assets and liabilities is key. What assets are you buying this month?
I'm mainly focused on investing in dividend paying stocks which will cash flow extra income, which I will then use to reinvest and buy more stocks, which will produce more dividends. This is compounding at its finest. I'm also stacking cash for when the next recession happens, so that I can pick up stocks on sale!
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💥DIVIDEND PAYING TECH STOCKS
The reason why many younger tech companies (for example Uber) don't pay dividends is because they're in heavy growth mode - meaning they're wanting to reinvest every spare dollar they can into future growth prospects.
Some of the more legacy type tech businesses like the 6 mentioned above have now transitioned into slower growth, subscription model businesses and therefore have more predictable and solid sources of revenue, and hence decide to reward their loyal shareholders with a dividend payment. Or else, they're just such cash cows (Apple) that they may as well offload some of it to shareholders 🤣
Have you invested into any of the 6 tech stocks above?