US Finance guy turning a W-2 paycheck into passive income. Dividends, options, investing, side hustles and more.
United States
Joined December 2023
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$1,000/mo in dividends isn't $1,000/mo.
SCHD (mostly qualified, 15% rate): you keep about $850.
JEPQ (mostly ordinary income, 22% bracket): you keep about $780.
That's $840 a year just from what kind of income it is. Same payout in an IRA? You keep all of it for now.
Do you hold your high-yielders in taxable or an IRA?
Same 12 years, June 2000 to Aug 2012:
S&P 500 price: -2.9%
Dividends reinvested: +22%
The dividends did all the work during that time.
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1,000 followers already. Wow.
What I've learned is that X is full of high-growth, financially intelligent people who want the same thing:
- pursue more income / make MORE money
- maximize the paycheck they already have
- build a paycheck that they truly own themselves
- make their money work for them
That's the whole point of this account. Grow your income, then make your income work for you.
Thank you for being here.
$150/mo car insurance is $1,800 a year.
To cover it with dividends: $45k at 4%. $22.5k at 8%.
But shopping your rate once a year and saving $30/mo lowers that target by $9k.
When did you last shop your insurance?
Might actually start to use this.
How many of you are actually using your @XMoney for spending instead of just using it as a HYSA?
Earn up to 3% cashback on your holiday shopping. Two ways to get it:
• Receive $1,000/mo in qualifying direct deposits
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Americans deserve access to healthier food.
Hey @HeinzTweets CEO, why do Europeans get the best-quality ketchup while Americans go without?
We tried to bring your superior European recipe (real sugar, incredible taste) to the U.S. Instead, you're pushing "Simply Heinz" — but it just doesn't taste as good.
Heinz is a great American brand. Why are you giving Europe a higher-quality product than the one you offer to your own home country?
Stop forcing us to look elsewhere for a replacement. Do the right thing for American diners. 🇺🇸🍅
Alex | Pursuit of Income retweeted
Happy Veterans Day!!
To show some love today
I decided to do a Giveaway!!
$5 to one lucky Winner!
Just..
1. Like
2. Share
3. Write
"Thank you for your service"
That's it! One lucky winner will be chosen randomly by Grok tonight between 7-9 pm!
Requirements...
Must be a follower and have access to @XMoney
That's it!
$50/mo in subscriptions is $600 a year.
To cover it with dividends: $15k at 4%.
Canceling them is the same as earning a $15k portfolio overnight.
How many subscriptions are you paying for?
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A $12k raise and $12k in qualified dividends are not the same paycheck.
Raise at 22% + 7.65% payroll tax: you keep about $8,440.
Qualified dividends at 15%: you keep $10,200.
The catch: you'd need about $300k invested at 4% to earn that $12k.
Did you know dividends can be taxed less than your paycheck?
The highest-ROI move in your 20s usually isn't a stock. It's actually your next job.
A 10% bump on $70k is $7,000 a year. That's what $175k pays at 4%.
Did your biggest raise come from staying or leaving?
This is the reality if you rely on a single income stream. No dividends, no other source of income coming in.
Eventually your boss from your W-2 job will want you to do something that you don't want to do, like work on your wedding weekend, or if you're salaried, work some unpaid overtime. You're constantly at risk for being fired.
This is why it's so important to build a paycheck that you own.
$600/mo in groceries is $7,200 a year.
To cover it with dividends: $180k at 4%. $90k at 8%.
What's your monthly grocery bill looking like, and can you cover it with your dividends right now?
Your employer pays a tax you never see.
7.65% of your pay goes to Social Security and Medicare on top of your salary. On $70k, that's about $5,355 a year.
Self-employed? You pay both halves, 15.3%.
The catch: nobody selling you a course mentions this.
Did you know your employer paid this?
Quitting your job to start a business is the hard way.
Let the W-2 cover your bills, and every dollar the business makes can go back into the business.
Are you building on the side right now, or did you jump into your business full-time?
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How much do you need for $500/mo?
Based on the last 12 months of payouts:
SCHD: about $200k (grows over time, but slowest start)
O: about $105k (pays monthly, partly ordinary income)
JEPQ: about $52k (payout can change every month)
SPYI: about $50k (cheapest, but yield can shrink)
Same paycheck, different price tags.
A $70k salary is $33.65 an hour, if you work 40 hours a week.
Work 50 hours and commute 5 more, and it’s $24.48.
A $75k job at 45 hours a week pays more per hour than a $90k job at 60.
What’s your real hourly rate?
The order I'd put my first dollars in:
1. Enough in the 401(k) to get the full match
2. Pay off high-interest debt
3. Emergency fund (this has saved me before)
4. HSA if you're eligible
5. Roth IRA (ideally all in Jan for the next tax yr)
6. Taxable account
What's your order?
