Trump: ‘The numbers are incredible’
It’s unclear whether Musk has directly consulted President Donald Trump on the matter. However, during his remarks at the FII Priority Summit in Miami Beach, Florida, Trump acknowledged the idea.
“There’s even under consideration a new concept where we give 20% of the DOGE savings to American citizens and 20% goes to paying down debt because the numbers are incredible, Elon, so many billions, hundreds of billions,” Trump said. “We’re thinking of giving 20% back to the American citizens and 20% to pay down debt.”
But don’t get your hopes up just yet — experts aren’t optimistic that these checks will materialize.
“It is completely impossible for DOGE to save $2 trillion,” Jessica Reidl, a senior fellow at the Manhattan Institute, told CBS. “Washington is facing annual budget deficits that will likely surpass $3 trillion within the next few years. Sending taxpayers dividend checks would be completely irresponsible.”
Musk has set an ambitious goal of cutting $2 trillion in federal spending. So far, DOGE claims total estimated savings of $55 billion. Bloomberg noted that the DOGE website only accounted for $16.6 billion of those savings.
The good news? You don’t have to wait for Washington to send out checks — savvy investors have long found ways to generate their own dividend income. Here’s a look at three easy ways to get started.
Invest in real estate without the headache of being a landlord
Imagine owning a portfolio of thousands of well-managed single family rentals or a collection of cutting-edge industrial warehouses. You can now gain access to a $1B portfolio of income-producing real estate assets designed to deliver long-term growth from the comforts of your couch.
The best part? You don’t have to be a millionaire and can start investing in minutes.
Learn MoreDividend stocks
Dividends are payments companies make to shareholders from their earnings, typically on a quarterly basis. While the idea of a DOGE dividend from the government remains uncertain, many corporations consistently return cash to investors through dividends.
Investing in dividend-paying companies can create a steady passive income stream — and sometimes, the numbers even catch Musk’s attention.
Back in 2023, when reports surfaced that Berkshire Hathaway, the investment empire of legendary investor Warren Buffett, earned $704 million in dividends from its Coca-Cola holdings in one year, Musk couldn’t resist commenting on X, “Berkshire Hathaway high on Coke.”
While stock prices fluctuate, companies that consistently pay dividends enable investors to earn income without having to sell their shares. High-quality companies like Coca-Cola can even increase these dividends over time, amplifying the income stream.
That said, past performance isn’t a guarantee of future results. And everyone’s financial situation is different, with unique goals, income levels and risk tolerance. If you're looking to build a passive income portfolio but aren't sure which investments align with your needs, it might be time to get in touch with a financial advisor through Advisor.com to help you build a plan.
Advisor.com is an online platform that matches you with vetted financial advisors suited to your unique needs. Once you’re matched with an advisor, you can book a free consultation with no obligation to hire.
Real estate
Real estate is another popular way to generate recurring income. When you own a rental property and tenants pay rent, you earn a steady monthly cash flow.
It’s also a popular hedge against inflation, as property values and rental income tend to rise alongside the cost of living.
Even Musk has endorsed this approach, once advising: “It is generally better to own physical things like a home or stock in companies you think make good products, than dollars when inflation is high.”
However, while real estate investing has clear benefits, being a landlord comes with challenges. Managing a property involves finding and screening tenants, collecting rent, and handling maintenance and repair requests (out of your own pocket) — and that’s assuming you can save enough for a downpayment and get a mortgage to buy the property in the first place.
The good news? These days, you don’t need to buy a property outright to reap the benefits of real estate investing. Platforms like First National Realty Partners (FNRP) allow accredited investors to own shares in institutional-quality, grocery-anchored properties without the hassle of finding and managing deals themselves — with a minimum investment of $50,000.
FNRP properties are leased to national brands like Whole Foods, Kroger, and Walmart, which provide essential goods to their communities. Thanks to Triple Net (NNN) leases, investors can enjoy the potential to collect stable, grocery store-anchored income every quarter, without worrying about tenant costs cutting into the bottom line.
The richest 1% use an advisor. Do you?
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Try NowHigh-yield savings accounts
High-yield savings accounts (HYSAs) offer a low-risk way to generate passive income while keeping your funds accessible. These accounts usually provide higher interest rates than traditional savings accounts, allowing your money to grow steadily without being tied up in long-term investments.
With so many options available, choosing the right HYSA can be overwhelming. That’s where SavingsAccounts.com comes in. This online comparison platform helps consumers evaluate high-yield savings accounts from various banks and financial institutions, offering side-by-side comparisons of interest rates, fees and key features to help you maximize your savings.
In the U.S., most savings accounts are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per depositor, per insured bank. This insurance provides protection to depositors in the event that the bank fails, ensuring that their funds are safe and accessible.
The richest 1% use an advisor. Do you?
Wealthy people know that having money is not the same as being good with money. Advisor.com can help you shape your financial future and connect with expert guidance . A trusted advisor helps you make smart choices about investments, retirement savings, and tax planning.
Try it now
