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Stupid doubt about financial system passive income

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StefanoMacagnino

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Hi all,
In his books MJ DeMarco described a financial system generating passive income through investment in bonds,ETF,company dividends and so on. This system must be the final decoding step of the SCRIPT,because it keeps our lifestyle. But where is this money put ? In a specified bank account ? Because I didn't quite understand where to insert them next
 

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Kevin88660

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Hi all,
In his books MJ DeMarco described a financial system generating passive income through investment in bonds,ETF,company dividends and so on. This system must be the final decoding step of the SCRIPT,because it keeps our lifestyle. But where is this money put ? In a specified bank account ? Because I didn't quite understand where to insert them next
Park the money in an account offered by a broker that offer such financial products.
 

alexkuzmov

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Hi all,
In his books MJ DeMarco described a financial system generating passive income through investment in bonds,ETF,company dividends and so on. This system must be the final decoding step of the SCRIPT,because it keeps our lifestyle. But where is this money put ? In a specified bank account ? Because I didn't quite understand where to insert them next
He also gave a list of Investment management companies.
Didint you check Vanguard for example?
 

thechosen1

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Hi all,
In his books MJ DeMarco described a financial system generating passive income through investment in bonds,ETF,company dividends and so on. This system must be the final decoding step of the SCRIPT,because it keeps our lifestyle. But where is this money put ? In a specified bank account ? Because I didn't quite understand where to insert them next
Did you read Unscripted ?

In Unscripted , he lays out pretty much the "exact steps" for this money system, short of recommending which broker to use (I think you can figure that out yourself)
 

MJ DeMarco

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Funny how people need the "exact steps", especially step 3,201.

It's like, "Hey, I want to be an academy award winning actor. But before I move to Hollywood and start my acting career, MJ mentioned that I should only put my Academy Award on a marble centerpiece. Where should I buy that?"

Serious answer: Read Unscripted .
Next serious answer: If learning about investments, which is such a widely known (and pushed) concept is a stumbling block or a problem you cannot figure out, entrepreneurship probably isn't for you. Entrepreneurs are problem solvers, not 1 problem, but 1000s. The "living on investments" concept is not a problem that should stop you, or concern you, not at this stage of the game.
 

WJK

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Hi all,
In his books MJ DeMarco described a financial system generating passive income through investment in bonds,ETF,company dividends and so on. This system must be the final decoding step of the SCRIPT,because it keeps our lifestyle. But where is this money put ? In a specified bank account ? Because I didn't quite understand where to insert them next
Are you at that point in your life? You MUST make the money first before you can invest it. In the meantime, you can study investing in your spare time. Or you can study how to build a successful business and launch it.

FYI -- Making a living off of dividends takes piles and piles of money in the bank -- or placed with your broker. I'm in the real estate business, so my core business and passive income streams are in the same market sector. I have been able to realize higher yields, dollar for dollar, than the average in the bond and dividend markets. BUT, it takes a lot more up-front work and expertise as well as a pile of cash to establish those passive cash flows. It's not a business sector for wanna-bees or lazy people.
 

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