Mark Cuban’s Passive Income Playbook: Top Seven Ways To Make Money While You Sleep
Mark Cuban believes investing smaller amounts of cash in causes, companies, or assets you believe can become big later is also worth it.
Shark Tank star and multi-billionaire entrepreneur Mark Cuban understands that not everyone can invest millions in businesses or start their own companies successfully. However, the Dallas Mavericks co-owner believes there are many ways to secure extra money via passive income streams without burning a hole in your pocket.
1. Invest in Stocks That Are Dividend Aristocrats
Cuban shared with AWW Media that dividend-paying stocks are among the best instruments for ensuring passive income, which often grows with the companies you invest in. Dividend aristocrats like Coca-Cola, Chevron, and Walmart have consistently paid and hiked their dividends each consecutive year for at least 25 years. Investors receive dividend payouts in regular intervals, which can be monthly or quarterly, depending on the company. This passive cash flow can build up over the years, but building real wealth involves reinvesting the dividend income into buying more stocks for the best compounding effect on your portfolio and a faster growth rate.
