Saving & Investing for Passive Income! The $1,000 Project is back!

To inspire you to save and use your money more wisely, I am kick starting Round 2 of The $1,000 Project. You can following along with this project to pay down debt, save up for a particular item, start investing or even bring on an early retirement! The choice is yours and you create the rules! My goal for The $1,000 Project is to get the dividend income up to $4,000 p.a. by October 2017. So far the portfolio generates a dividend income of $1,700 p.a. which is now being reinvested so that I can make the most of compounding interest opportunities. The passive income will go to another charity at the end of the challnege in 12 months time. Also, everytime I do something to save money or earn extra money, I will take a photo and put it on my Instagram account @sugarmamma.tv and hashtag #the1000project (no $ sign). So if you are doing The $1,000 Project, I encourage you to share your ideas for saving money and help inspire others...so that we are working as a community. I will also try to regram your images where you have hashtagged #the1000kproject Remeber, you don't need to be bying shares and I am not recommending this as an investment to you but chasing this strategy for my goals for the challenge. You can also check out my The $1000k Project Playlist! xCC SugarMamma.TV is all about educating, inspiring and empowering everyday people to create financial harmony, freedom and independence in your life. Bite sized videos, with quick and easy to understand tips, that you can apply straight away and see the results. SugarMamma.TV is a powerful movement making money and finance more approachable, energetic and enlightening.

Comments

1. would you do a video about how to buy shares with dividends.
2. I've watch almost all of your investment videos but I'm still having a hard time understanding how to know which stocks to buy and how do you know if they have dividends? Would love an in depth video on this ps- I'm in the US, NY specifically
3. tell me plz long term online investment company
4. You are one pretentious motherfucker
5. This video should be names "Rich People Pinching Pennies"
6. You are such a beautiful, smart and inspiring girl. I enjoy watching your videos.
7. Hi Canna, would you mind making a video on what exactly you need to research in a company that you're looking to buy shares in? Possibly a list of things that would help make the right decision of whether to invest in that company or not. Thank you xx
8. Hi, I noticed you mentioned launching your super annual ion product, can I ask what kind of product is it and some info on it
9. love the $1000 project!
10. Hi Canna please do a video on Acorns. I have started but I have no idea what I'm doing
11. I saved $140 since this video! took my lunch to work 4/5 days and Saturday in lieu of dinner and book store my husband and I stayed in, I made a delicious meal and watched Netflix. I thought of you and put that would have spent cash into my savings.
12. Canna, what do you think of automated investment services such as Wealthfront and Betterment?
    I am looking into starting my investment portfolia using one of these but value your opinion before going forward.
    Can you do a video on your opinion please? Thank you!
13. Hey Canna, I'm a bit confuse. Would I need to pay taxes on things I've sold through declattering? Thanks!
14. Hi Canna, I started following your $1000 project few months ago. I started selling my high end purses through Fon app and also doing OT at work if someone called out. I literally able to save few backs and started investing through Fidelity. Just few days ago I look at my Investment Account Activity and saw 7.77 dividend I received from one of my Stocks Shares. I was very delighted and was jumping for joy lol. Thank you so much for inspiring me! I'm looking forward to more savings from my long term investment 💖
15. I'm still a little confused. So you make some form of income off something other than your work income, save it in $1000 lumps and invest it to gain interest, but when do you take that money out and buy handbags/give it to charity? How much do you wait for it to make/have before you take it out? And you normally can't just take investments out whenever you want.
16. Could you please let me know where can I sell my high end handbag and which company should I trust for market research? Thanks
17. Cashed in my credit card points for Woolworths vouchers
18. Sugar Mamma don't forget that you can save on your Banoffee pie. lol
19. with banks being unstable, is it really safe to keep so much in savings when the bank can legally steal it when they start to go under?
20. Why do you always focus on paying off your HECS debt? Wouldn't your money be better off being invested with higher returns?