The Dividend Savings Account
ebook ∣ M1 Finance Gives Us a New Way to Save and Invest: Financial Freedom, #275 · Financial Freedom
By Joshua King
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We all need massive emergency funds! After watching the natural disasters this year, it's imperative for us to have cash and cash flow to take care of our families.
M1 Finance has created a program that will take the dividends from your brokerage and drop them into your M1 Finance high-yield savings account.
This is a great way to automatically invest in your dividends and HYSA to ensure your cash and cash flow grow.
It's clear that insurance companies will not pay you for your home and that federal emergency services will not arrive in time. The best thing we can do is start saving and investing with a purpose. Good Luck!
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