You want to know how you can use Spotify or Netflix for free in the long term without your own costs? We tell you how this is possible with the right dividend savings plan.
We'll show you how you can use Spotify or Netflix for free and without having to pay a cent out of your own pocket. I would like to start with a quote from Robert Kiyosaki: "The more you earn, the more you spend. That's why money never makes you rich - investing your money makes you rich.". And that is exactly the reason why people feel trapped in a hamster wheel. They work more to be able to spend even more money afterwards.
The right way to handle money ensures a carefree life. Instead of just working for money, you should make money work for you. Because this also increases the probability of financial independence. The first steps are very easy. With these first steps, which anyone can implement very quickly, you will be able to use Spotify or Netflix for free within a very short time. And if one continues with this, it can even be the financed car or the flat in the future. So let's think about money instead of working for it.
Spotify membership currently costs €9.99 per month. That's just under €120 a year. Which is not a small amount. Especially if you have several such memberships, it adds up to quite a bit per month. So I need an additional source of income of €9.99 a month so that I can use Spotify for free. Of course, this income should be passive. I must not have to work for it or make any effort. How should this work? The solution is a dividend savings plan.
The solution is really very simple and anyone can implement it quickly and without much effort. To do this, you need to open a securities account at a bank and then set up a share savings plan. With only €100 in savings per month, you can achieve a lot in a very short time. And from the first €100 invested, the money works for me for the first time. What does the result of this monthly invested 100€ look like? Learn how to set up a savings plan here.
Of course, the best thing would be to save your money in a share that also pays monthly dividends. The real estate company Realty Income Corporation (ISIN: US7561091049 WKN: 899744) comes to mind. Realty Income Corporation pays monthly dividends of $0.25 per unit. So let's assume that we start our savings plan from 01.02.22. Then we have the following picture for this year.
In the first month of our investment of 100€ we receive a dividend of 0.69€ in March and by December the dividend increases to 3.45€. The calculation was made without taking into account price gains or losses. This means that the monthly purchase price from 01.02.22 onwards, based on the current price, is 63€. Every month, so to speak, almost 1.59 shares were added to the portfolio. If the share price falls, the number of shares received will naturally increase. In December, we would have covered almost 35% of our Spotify costs with the dividends. But from how many months onwards can we cover 100% of our costs?
As you can see in the share savings plan calculator, you will reach a monthly cash flow of €12.47 after less than 3 years. This would already cover your Spotify costs and you could even contribute something to your Netflix account with the remaining amount. From this point on, you could cancel your savings plan, leave the invested capital in the share and collect the 12.47€ every month. But we can also continue the calculation. So save for old age. What would it look like, say, after 30 years?
If you were to invest €100 a month in Realty Income Corporation for 30 years, you could receive a total dividend of €22,506.88 over those 30 years, and from the 31st year onwards, receive a dividend of €124.69 every month. That's a very respectable sum with only €100 a month.
If you would like to discover more dividend stocks or ETFs, you are welcome to use our Dividend App. myDividends24 use. Here you get access to over 2000 stocks and ETFs and can even create a portfolio and add the stocks you want. Here you can find more details for this. Download now free of charge and test it for 7 days.
Of course, Realty Income Corporation was only chosen here because the distributions take place monthly and fit perfectly into our example. However, there are many other companies that promise higher returns and are also fundamentally more solid. Nevertheless, you can already achieve a lot with little capital. If you want to buy a car or make other larger investments, you can adjust your savings rate accordingly and calculate when this can be realised. I hope I could show you how to make your money work for you and generate a passive income.
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Inhalt Puh, Börse ist doch nicht „e wie einfach“ Das KGV, KBV, KUV und wie die ganzen Kennzahlen heißen, ist für jeden Börsenneuling
Inhalt ist eine Anlagestrategie, bei der Anleger Aktien von Unternehmen kaufen, die regelmäßige Dividendenzahlungen ausschütten. Das Ziel dieser Strategie ist es, ein regelmäßiges
Inhalt Viele Anleger fragen sich ständig, warum Aktien fallen, nachdem die Ergebnisberichte der Unternehmen veröffentlicht wurden, besonders, wenn die Entwicklung laut des Berichts
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