Good Day my fellow readers, Today I have an awesome experiment I'm running this year. A 52 week savings plan where every week you save a small amount week one you start with 10 and on the last week the 52 week you save 520. That will be a massive 13,780 in one year.
But now here's my twist I'm throwing in the 52 week plan... I will be investing every week in a TFSA savings investment account(tax free account) where I will buy eft and stocks that pay dividends.
So let see what the grand total will be on the end of the year and the best part is it will start a snowball effect and it will grow much quicker when I reinvest every dividends I get....
What's my goal you ask?
It's simple, I'm creating a passive income for my self and family.
What's your thoughts on it?
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Great idea, can't wait to see what's the results
Thank you....keep tuned
Interesting
It is
Never thought about this
Me two . But how things look in my country... I don't know how long I will have an job...so time to be active and create some passive incomes....need to take care of my family
Will this work in any currency?
Yes it will. Just start with an amount you comfortable with
Wow great idea 💡👍
Thank you for the positive feed back