Blueprints for a Multi-Engine Wealth System
People intuitively understand the benefit of having more than one income source.
I’ve shared my multi-engine wealth system before. It features a portfolio of dividend paying stocks, an options writing strategy, a direct lending strategy and a family of e-commerce businesses.
Remember that a diversified approach helps mitigate risk, but it's important to have a clear understanding of the risk profile of each engine. You can simply create more surface area for things to go wrong when you get overactive. The key is maximizing the effectiveness of your system without sacrificing efficiency.
Or peace of mind.
Today we’re going to look at the blueprints in more detail, so we can better understand the configuration, strengths and weaknesses of our systems.
Dividend Income Engine
Purpose: Generate consistent, passive income through regular dividend payouts.
Basic Implementation:
Carefully select high-quality, dividend-paying stocks across diverse sectors.
Consider factors like dividend yield, dividen…
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