How To Make $1,000 Per Month With Dividend Stocks

Before I get started with the nuts and bolts, let me just say that making $1,000 per month in dividend income is extremely possible for almost anyone out there.

I grew up on welfare. My parents abandoned me when I was a kid. I don't have a college degree. I quit my car dealership day job, which didn't even pay a super high income, at 32 years old.

Yet I personally earn more than $1,000 per month in dividends. So if you say to me, "I can't do it", I'm going to tell you that you're wrong. Because I did it coming from nothing in life. Actually, worse than nothing. I was below broke when I started my journey to financial freedom in my late 20s.

And here I am, financially free in my 30s.

Let me just say that it's fantastic. It's worth whatever so-called "sacrifices" you might have to make. Because I can't think of a bigger sacrifice in life than to go without being financially free. People who have to go to jobs they don't like? To me, that's the sacrifice.

So where do you start? How do you make $1,000 per month in dividends?

Well, you really have to start with a SMART goal. It's an acronym. S.M.A.R.T.

That's specific, measurable, actionable, realistic, and time-bound.

Put a goal for $1,000 in monthly dividend income together that's SMART. This SMART goal will be specific to you, because we all have different incomes, savings rates, tax rates, family situations, time horizons, risk tolerances, etc. But if you insert all of those specifics within the framework of a SMART goal, you will be able to design a path toward $1,000 per month in dividend income that can be reverse-engineered so that you know how to get there and when you'll get there.

A portfolio's value and its yield are simple math. Mastering this math and using this math within the SMART goal framework will tell you exactly what kind of portfolio you have to build in order to produce that $1,000 per month in dividend income.

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