(By Amy Calistri) I have a chart I want to show you. It's nothing complex or hard to understand. In fact, I take pride in how simple it is to read.
You'll be surprised that the information shown in this chart is the result of less than two years of work; you'd never know it at first glance. I'm betting you'll think it took a decade to cultivate.
You might also think that replicating what my chart shows takes a fortune to pull off. I've done it with $200,000 invested. That's nothing to sneeze at, but it's far from an extraordinary amount of money.
The results are also fully scalable. If you only have half that amount to invest, thend you'd receive half of what my chart shows -- still a considerable amount of money. If you have $400,000 at work, then just double my numbers. Anyone -- and any dollar amount -- can replicate my performance.
But the best news is that what this chart shows is the result of a strategy you can start today. It doesn't take a doctorate degree to follow. You don't have to track the market every day -- or every week for that matter. The beauty of this strategy is that it takes care of itself.
In fact, the primary investing "skill" you need is patience. If you can allow yourself to build a portfolio without having to constantly fuss over it, make unnecessary trades, or live and die by daily fluctuations, then you can achieve these results.
My chart below shows what I'm talking about. Listed are the total amounts of the "paychecks" I've received during the past six months using my Daily Paycheck strategy. As you can imagine, I've been pretty happy:
The strategy is simple -- I've succeeded in building an income machine that pays me each and every day.
Since February, my "paychecks" (that's my nickname for dividend and interest payments from my holdings) have added up to more than $1,040 each month -- and a couple of months the checks have added up to more than $1,500.
Imagine if you're a retiree -- that's a nice stream of cash from your investments to supplement any other income you might have.
So far, the paychecks have ramped up quickly as I've rolled out my $200,000 portfolio in my Daily Paycheck advisory (and yes, that is real money).
But there's another step if you really want to see your income stream accelerate over time... it's why patience is key.
It's tempting to take the cash. Who wouldn't want an extra $1,500 per month in the bank? But I strongly recommend reinvesting your paychecks. By using your dividends to purchase more shares, compounding takes over. Your next payment will be larger, even if the dividend payment doesn't increase.
I won't lie, reinvesting does take a little time to see a major result-- that's why patience is so important. (And before you start, give your broker a ring to make sure they offer reinvestment at no extra commission.)
But I think you can see from the performance so far that the Daily Paycheck strategy is one of the most promising ways to capture the most income from the market.
(Note: There's plenty more to share about my Daily Paycheck strategy... and I don't have the space to include it all here. Instead, I've put together a special presentation that outlines how I'm earning a $1,357 per month income stream (and the brokerage statement to prove it). To view this free presentation -- including a few high-yield picks to start your own Daily Paycheck portfolio -- you can visit this link.)
-- Amy Calistri
Amy Calistri does not personally hold positions in any securities mentioned in this article. StreetAuthority LLC does not hold positions in any securities mentioned in this article.
This article originally appeared on StreetAuthority
Author: Amy Calistri