Retire a Millionaire on Passive Income — 7 Expert Investment Tips

Core Insights - The article discusses investment strategies for generating passive income, as shared by money expert Sam Dogen, who retired at 34 with a significant net worth and passive income stream [1] Group 1: Investment Opportunities - Dividend Stocks: Investing in dividend stocks allows shareholders to receive a portion of a company's profits, typically paid out regularly. The current S&P dividend yield is at a long-term low of 1.17% [2][3] - Treasury and Corporate Bonds: Bonds are debt securities that provide regular interest payments and return the principal at maturity. They are generally lower risk than stocks and can add stability to a passive-income portfolio [4][5] - Certificates of Deposit and High-Yield Savings: These accounts generate interest over time, with high-yield savings accounts offering higher rates than traditional savings. CDs typically offer higher interest but require funds to be locked for a set period [6][7] - Growth Investing: This strategy involves investing in early-stage companies that may not pay dividends initially but have the potential for significant capital gains if successful [8]