Q&A: $100K / Year in Passive Income, QQQM vs. QQQ, and House-Hacking

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May 16, 2024

Topics include making $100K/year in passive income, house-hacking a condo, best dividend ETFs, and investment property tips. Also, insights on VTI and QQQ, options trading, and financial advice for high school seniors.

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ANECDOTE

Early House-Hack Win

Parker, 21, planned to buy a condo with $50,000 saved and a roommate covering half the mortgage to house-hack.
Austin and Robert praised the move as a smart early step to build equity and future rental income.

ADVICE

Start Dividend Income With One ETF

If you want dividend income, you can hold a single diversified dividend ETF like SPYI and start earning yield immediately.
Alternatively split contributions (e.g., $250/$250) between SPYI and QQQI for S&P and NASDAQ yield exposure.

ADVICE

Evaluate Dividend Safety

Check payout ratio and trailing vs forward 12-month yield before buying dividend stocks.
Favor companies with payout ratios around 40–60% and consider forward yield for future income expectations.

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In this episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz answer your questions!

How do I house-hack a condo?
What are the best dividend ETFs?
I'm 18 and need help.
Why do you all like VTI and QQQ?
How do I make $100K / year in passive income?
How do I buy my first investment property?

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Disclosures:

Options are not suitable for all investors and carry significant risk. Certain complex options strategies carry additional risk. Options can be risky and are not suitable for all investors. See the ⁠⁠⁠Characteristics and Risks of Standardized Options⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more.

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All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Open to the Public Investing, Inc., member FINRA & SIPC. See ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠public.com/#disclosures-main⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ for more information.

Hankwitz Group LLC has an existing business relationship with NEOS Investment Management LLC. The opinions expressed are those of the author, and the author owns several NEOS ETFs.