Compound interest for income and liquidity

[GO FreeMan]

Greetings fastlaners;

I seek your advise in regards of compound interest for income and liquidity purposes.

In MJ's 1st book TMFL
chapter 20 Recruit your army of freedom fighters
He is presenting an idea of using money as lenders instead of borrowers in order to generate Income and liquidity.
According to @MJ DeMarco We are talking about safe investments that can yield 4-6%/year.

From what I read MJ suggested three vehicles:
+ stocks that pays him dividends which can be considered is paying interest regardless of the stock price
+ Buying Municipal Bonds or something similar
+ Using Money (US$ and Foreign currencies)

I think I get the idea but still don't know how to execute..

Appreciate your help..

 

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[alexkuzmov]

I'm also a bit confused about what stocks and bonds do, how the divident is paid where to buy them from etc.

As for pure money, no bank in my country offers a good percent. Some even offer a negative percent on savings.

 

[GO FreeMan]

I'm also a bit confused about what stocks and bonds do, how the divident is paid where to buy them from etc.

As for pure money, no bank in my country offers a good percent. Some even offer a negative percent on savings.

Hey alex,
Hope this thread will bring more focus to this important subject
Thanks for your input