Passive Income Through Dividend Investing - The Snowball Effect

The dividend snowball strategy is my favorite way of building wealth through long term investing. Today I explain the 5 critical parts you'll need to get started with dividend investing!

Dividend investing has become my favorite way to invest. It allows for passive income while also building my investing portfolio. For people that don't know, the dividend snowball is a strategy that uses dividend stocks and dividend reinvesting to accelerate the wealth building process. I break down the dividend snowball into 5 main parts.

1. What is the dividend snowball?
2. What stocks work with the dividend snowball effect?
3. DRIP - Dividend Reinvestment Plan
4. How to accelerate the dividend snowball
5. Taxes

Let me know what you think of the dividend snowball and what dividend stocks you love for the next year. Thanks for watching and I'll see you in the next video!

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[Magooinvesting]

Have you used the dividend snowball? What do you think of this strategy?

[online]

Love the idea of building wealth passively. Seems like anyone could do it!

[scott]

Total return is more important rather than dividends, but DRIP is a good strategy.

[joebeeza]

Great advice. In a declining stock market, the dividend return % increases, even among top blue chip companies. Also a good time to increase purchases of these stocks vs "growth."

[stoso]

So which stocks to buy from your list?

[casrogue]

Mr. Magoo, hope you can answer a question noone can answer. (so far ) Is it best to have a roth IRA if starting late (45) or a taxable account for passive income? my golas is to have dividends that would pay bills in the future with out loosing much of the investment ( think of a JEPII only account type for when I hit 65??? My toughts is that the taxable yes you pay taxes but is more liquid and can withdraw money no problem. the roth great tax free but it is capped and need to wait till certain age to remove money and it will still be capped lol ..at this late in the game of dividend investment ..does a taxable accout make more sense??? Hope I made sense lol