tag:blogger.com,1999:blog-6587699706949333863.post8364725449149018299..comments2024-03-27T23:39:33.499-05:00Comments on Passive Income Pursuit: Minimum Wage Jobs SuckPassive Income Pursuithttp://www.blogger.com/profile/13947101854482544346noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-6587699706949333863.post-35336222981450640322016-03-26T10:04:15.274-05:002016-03-26T10:04:15.274-05:00Hi JC,
I remember working at a pharmacy store befo...Hi JC,<br />I remember working at a pharmacy store before university - the money seemed a lot at the time but I had some good coworkers so I enjoyed the work even though it was very routine.<br /><br />I was also thinking about minimum wage, but was considering to calculate my "FI Wage" instead which would be the hourly rate my investment income pays me for sitting around doing nothing :) It's below minimum wage levels at the moment though!<br /><br />Best wishes,<br />-DLDividend Lifehttps://www.blogger.com/profile/03670495892963662287noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-84284775358057996262016-03-22T20:28:03.089-05:002016-03-22T20:28:03.089-05:00POMR,
You're in a great position being debt ...POMR, <br /><br />You're in a great position being debt free and having that much rental income already coming in. The best part about passive/semi-passive income is that it requires very little upkeep 95% of the time. And you continue to build up your stream even faster as it grows and gets reinvested. I love dividend growth investing but would also like to move into rentals at some point in the future. It's a bit riskier from a diversification standpoint and since we'll have to take on additional debt to do it, but if you're conservative in your approach it can be very profitable.<br /><br />Thanks for stopping by!Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-85993970252345038312016-03-22T13:32:15.634-05:002016-03-22T13:32:15.634-05:00Nice! I've often made the same type of compar...Nice! I've often made the same type of comparison. Now I'm debt free, I have enough passive rental income to nearly double the annual minimum wage. I'm just starting to develop my Dividend Growth Portfolio. It's like starting from zero. It'll be fun to watch the income grow and increase over time. I'm going to continue making this type of comparison going forward.<br /><br />Keep up the great work.<br /><br />Pay off my rentalshttps://www.blogger.com/profile/15055969747933706799noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-57830693711852395672016-03-22T10:51:15.535-05:002016-03-22T10:51:15.535-05:00Bryan,
Minimum wage is horrible for many more re...Bryan, <br /><br />Minimum wage is horrible for many more reasons than just the pay. There's no creativity, responsibility, constant replacement and very little upward mobility in minimum wage jobs. What's the incentive for the employee to work harder or do any critical thinking to improve a product/service when they aren't likely to be rewarded with much.<br /><br />I hate to hear about that lady essentially being stuck in her job but it's awesome that she was given a solid 20% raise. Hopefully her hours aren't cut any so she gets the full raise. Her situation just reinforces the importance of having your financial house in order so you have one of the best things anyone can have: options.<br /><br />Thanks for stopping by!Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-74888956582058809522016-03-22T10:43:28.325-05:002016-03-22T10:43:28.325-05:00Gremlin,
That's awesome that your dividends ...Gremlin, <br /><br />That's awesome that your dividends are an additional pay period for you. I think that's what makes DGI so strong. It's easy to draw comparisons as far as expenses covered or income replaced and the best part is that your capital keeps working for you even if you take your dividends in cash. <br /><br />Thanks for stopping by!Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-42621373188577182972016-03-22T09:55:36.496-05:002016-03-22T09:55:36.496-05:00JC,
I think I've seen similar comparisons bef...JC,<br /><br />I think I've seen similar comparisons before, and I have calculated that my dividends equals 1 pay period at my current job (almost). I totally agree it is a great way to compare your dividends, so you can see how your passive income is your 3rd job and a buoy to your bottom line.<br /><br />Keep up the good work,<br />GremlinDividend Gremlinhttps://www.blogger.com/profile/08894828465031408952noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-52966485293307412412016-03-22T08:43:46.825-05:002016-03-22T08:43:46.825-05:00It is incredible how little a minimum wage job pay...It is incredible how little a minimum wage job pays, isn't it?! I've never had one at the true "minimum", but in high school and college I had two jobs that paid a dollar over the minimum. My chief issue was that the work was boring! Incredibly, in a recent government job (by the way NEVER work for government) I had this awesome secretary. She was paid $10/hour, but she was worth twice that to my department. I tried to get her promoted for a while, but was unsuccessful. I quit my day job a couple months back, but she was still there plugging along. She felt she had too much debt to venture out for something else. Well, my former office manager texted me yesterday and said that this young lady got promoted to $12/hour and moved to another department. I'm glad, but I have to say many people's pay does not actually reflect their value to their employer.<br /><br />-BryanIncome Surferhttp://www.incomesurfer.comnoreply@blogger.com