The easiest place to locate monthly dividend payers is through closed-end funds (ETFs). Monthly ETF payers can be found in many categories such as taxable, non-taxable, domestic stocks, foreign stocks, specific stock sectors, bonds, REITs, and many more. In fact, Rule 4 says you should consider investing in different sectors to diversify your monthly income dividend streams.

You can create a monthly income strategy by putting together the 4 rules outlined in this article. Over time, your monthly income from dividends will replace your monthly income earned through wages. Then you are financially free to decide how to spend your day and time. Real wealth is measured not in dollars but in having the free time to pursue the life you want to live.