The Dividend Car Account Series - Episode 4 (Broker Bill Pay)

[@RetireonDividends]

If you are interested in joining the RoD Wolfpack, here is the link ----> kzbin.info/door/wBOyTmZBwJq6pdkUymdo-Qjoin

[@jamesdillmanjr.8469]

Love your strategy. I have three dividend accounts. Fidelity, Fidelity Roth, and Robinhood. Will start this month pulling 660 per month from Fidelity to pay into Roth to max out for year. Next month will pull about $654 for all monthly bills. Still building Robinhood account up as eventually being my largest account because of the 5.75% margin. Should hit $3400 in monthly dividends this month. Keep up the great work. You are an inspiration 😊

[@juliocs5483]

Wow crazy that I’m watching this today…I did a similar thing with my daughter’s15 bday party…I owe $10k to ballroom and I had the money but decided to buy some of the same ETFs that you have with the money instead of paying the entire balance. I have the year to pay it so here we go 👊🏽

[@Marcus-uc4qx]

Thank you for this car payment series. Very very relevant to a lot of us high yield investors.

[@pastorsamkahn4474]

Did the same thing when my wife's car was rear-ended July 5 2024. Took settlement and invested to make new car payment.

[@milkmaned5770]

Absolutely fantastic video thank you for breaking down in detail what exactly you’re doing I am on the same strategy road as you are. Please continue to post these things as I am aligning my bills the same as yours on a different note. I just got a big distribution dividend from MSTX I hope you would make a video on it. It was well over $2000 and change a nice surprise for the new year. Thanks again for all your great videos.

[@JohnG-k9r]

Nice job.I like how you are able to make practical use of your dividends to pay bills while still reinvesting a percentage of profits.

[@LAapplianceguy]

I like seeing how this works. Great video thanks. Can’t wait to get to this point in my portfolio.

[@geauxlsu1180]

Thanks for the update I plan on doing something similar.

[@wesgoebel2293]

Good series ROD, fun to see you gain speed financially. As far as options go dont miss out on super strong stocks like NVDA AMD and not just Mstr. Lots of decent risk/reward in those as well, especially with AMD at these levels money to

[@iversonjarrelljr.7726]

Interesting concept of survival - Thanks

[@bad_financial_decisions-v1l]

🥳 I have to figure out how to use Robinhood for bill pay. I think that I tried to do my mortgage and I couldn't do it 😩

[@Wildnfree1001]

Great job

[@aaronchen3196]

Thank you 🙏 ROD❤❤❤

[@davesites]

👍

[@philbui]

MSTX just paid out yearly dividends of $14/share 🎉

[@Myjoeyjojo]

Thanks for your video. I appreciate you sharing your journey. Cool that you can pay your bills from your brokerage account. I’m going to check mine out.

[@robertostrom5957]

Don’t forget about the taxes you’ll owe from the dividend payments!

[@oman4229]

Genius & thank you for showing us. Are we able to have more than 1 fedelity account?

[@RetireonDividends]

I dont see why not but i also dont see why you would want 2?

[@oman4229]

@ I guess if I wanted to allocate it towards a different set of bills or assets 😅 I just wanted to make sure there was no irs issue in creating multiple broker bill accounts. I truly appreciate you man, you’ve been further opening my eyes to things I never knew were possible.

[@thomaswalman3177]

Different approach than what I'm doing but we're all just trying to escape the rat race, so same goal

[@bkdvet]

I love this series. I have a question, do you have to schedule each of the bills every month or is there something setup that is just automated?

[@RetireonDividends]

I automate it through the company billing me for most but i did schedule the car payment through fidelity to the bank i owe.

[@jonboyfutch8081]

I alway consider cashing mine out at 40 and making 3k more a month more with margin for more income but not ready to retire I don't know though

[@NOLA_dad]

ROD, you paying car insurance monthly? The discount I get for paying the 6 months in full is pretty significant.

[@RetireonDividends]

You’re right

[@roncraft2042]

PLTY is a beast … better than MSTY.

[@null.ru.1337]

@$70 a share $3.50 payout vs $30 and get the same payout. Tell us how ?

[@roncraft2042]

@ wait until MSTY pays out in January … then you’ll know😎. Drive looking out your windshield not looking in your rear view mirror. MSTY is Bit Coin, which is headed for a bust. PLTY is AI software which is rocketing up. PLTY fully recovered its’ distribution in one day.

[@TheRealDouglasJOlson]

RoD, are you also factoring in the penalty from cashing out the 401k?

[@RetireonDividends]

im bracing myself for that soon

[@Yieldmax4Life]

Bought a 15 OZ Mug ! Let’s fkin go 2025 !!!!!

[@RetireonDividends]

Woooo Thank you

[@HowardTibsTheThird]

Shouldn’t interest be going down instead of up as you’re paying down the principal on the car? Also, how is “Account balance” calculated? Seems like that should go up since it seems you’re making more than you’re spending, but it went down. I’m not saying you are wrong, I’m sure you are right, I am just not comprehending how you are getting the numbers you were getting and if you have the time, maybe you could help me understand. I love this series by the way!

[@RetireonDividends]

Good question, for the interest November used 29 days in their interest and December used 32 for whatever reason. Also, the Account balance went down on paper because the market tanked towards the end of the month.

[@HowardTibsTheThird]

@@RetireonDividends I copy! Thanks! I got another 60 MSTY on sale yesterday so with that, I crossed over 100 MSTY!

[@nwalker2619]

I'd kill for a $173 electric bill, lol

[@YouGotOptions2]

My last bill was 75 dollars

[@davidgodfrey9780]

How much electricity do you use? I paid $60

[@nwalker2619]

@@davidgodfrey9780 My bill this month is $268, that's coming off the highs of the summer when it was in the $350 range

[@Lexusdude59]

Mine is 386.00. That's Calif for you.☹️

[@mmz2011]

I pay 75 in winter to 350 in summer

[@mfinite689]

Dude, you're gambling on weekly payers coming up with car payments for the next 5 years after we've already had two years of 20% growth in the S&P. And on top of that you're not even making any extra payments while you're making good money now. Man I hope life doesn't smack you in the face with a market downturn. Already imagining the salary like "fun money." lol I like your videos and all, but good god. Everyone's gotta learn one way or the other I guess.

[@mundie33]

Why would anyone in their right mind pay down a car note early?

[@mfinite689]

@@mundie33 1. It's an 8% loan. 2. They can repo your car if god forbid something happens and you start missing payments. 3. He's obviously making more each month and could easily do it. 4. Lots can happen in the market over the next five years. Why take the gamble of risking your transportation if you don't have to? 5. Not having bills helps you sleep at night, and that is priceless yet most people don't realize the value in it until they're not getting it.

[@steelhorses2004]

Well he currently earns a lot more than the bills and his account is growing rapidly. So he's in a great position to achieve his goals. If a market crash compromised his dividend earnings he could always sell some positions to pay the bills if in dire straights.

[@yt1ei2oo9ba8]

RoD did you stressed-test your "plan" with at least a 50% downturn in the market? What if XDTE/QDTE are going south by this amount? The dividend amount is based on the rolling NAV correct?

[@thebes118]

Ok. My comment is gone now. Gotcha. Bye for now on.

[@RetireonDividends]

What comment?

[@MuzixMaker]

@@RetireonDividendsapparently nothing important

[@thebes118]

@@RetireonDividends About ETF'S, but maybe it was a glitch. Sorry if it wasn't you.

[@thebes118]

@@MuzixMaker Like your statement?