So to continue on that line of thinking -- and remember -- I'm sharing personal information here because I want those of you that haven't gotten a taste for what savings can do for you -- I want you to SEE... this is REAL... and that you too can do this!
Here's a ETF (exchange traded fund - so similar to a mutual fund) that holds high yielding CORPORATE bonds. This pays MONTHLY... and I use it to "park" cash - so it goes up and down - and obviously so do the dividends. But think abut this if you're retired and you're getting these dividends every month... so let's see if I can "copy and past" from Schwab...
Look at the dates and see that this bad boy (this is not recommending it for ANYONE - this is just ONE example) pays way better than a slot machine.
THIS IS THE POWER OF DIVIDENDS! That's what I'm trying to show you here.
01/04/2012 HYG ISHARES TRUST IBOXX $ HIGH YIELD CORP
type: CASH DIV
$1,871.51
12/07/2011 HYG ISHARES TRUST IBOXX $ HIGH YIELD CORP
type: ORD DIV - CASH
$1,921.54
11/07/2011 HYG ISHARES TRUST IBOXX $ HIGH YIELD CORP
type: ORD DIV - CASH
$1,841.88
10/07/2011 HYG ISHARES TRUST IBOXX $ HIGH YIELD CORP
type: ORD DIV - CASH
$1,883.93
09/08/2011 HYG ISHARES TRUST IBOXX $ HIGH YIELD CORP
type: ORD DIV - CASH
$1,971.75
06/07/2011 HYG ISHARES TRUST IBOXX $ HIGH YIELD CORP
type: ORD DIV - CASH
$3,394.24
05/06/2011 HYG ISHARES TRUST IBOXX $ HIGH YIELD CORP
type: ORD DIV - CASH
$2,291.79
04/07/2011 HYG ISHARES TRUST IBOXX $ HIGH YIELD CORP
type: ORD DIV - CASH
$2,278.48
03/07/2011 HYG ISHARES TRUST IBOXX $ HIGH YIELD CORP
type: ORD DIV - CASH
$1,157.45