Millionaire EXPLAINS: 3 Passive Income Accounts For Beginners

"if you open up a brokerage account right now and let's say that you start investing $500 a month and you do this very consistently like you're very disciplined in Watering your Acorn Watering your plant on a monthly basis over the next 40 years you're going to see that your Acorn your plant is going to grow into this huge tree and this tree this portfolio is going to be worth $2.6 million with Average stock market returns because we know that the average stock market return is around 71 12% a year"

"Let's talk about account number one from this high yield savings account let's say that you build your account to $100,000 and we're getting around a 4 to 5% yield this is going to equate to around $4,000 a year 300 400 maybe even $500 a month depending on how much your high yield savings accounts gives you for their apy"

"the next account is going to be the dividend paying account if we say that we get around a 3% dividend yield that's going to equate to around $30,000 worth of dividends every year and then you can divide that by four because you get paid every quarter or so"

"lastly with cover calls because you accumulated so many shares and they underwent a lot of stock splits and you have the ability to sell these options right these cover calls against them you can typically get around 10 to 30% return on investments Roi and that's going to equate to around $10 to $30,000 a year"