@@rynewilliams I appreciate you responding, but you didn’t really answer my initial question or maybe you did and I just don’t see it… either way I really could use the advice of someone who’s more knowledgeable than I.
17 Here Just hit $370 in annual dividend income last week from my 10.4k dollar portfolio been investing since I was 10 but now my portfolio is growing from my first job where I put half my income in investments and the other half goes too learning to trade options
I grew up in a double wide trailer, neither of my parents even graduated high school, needles to say I did not have the best role models when it came to financial education or responsibility so if I can do it anyone can. Spend less than you make and invest and save the difference. Personally my wife and I have set up our finances so that her job pays all of our bills and the income I make is for investing, saving and paying for extras like trips, eating out if we want to and entertainment, taking the kids to a movie etc. On average I invest about $1,300 a week or about $68,000 a year. Make a plan, start with a budget so you know what your spending where, cut where you can and do whatever it takes to increase your incoming capital. Take college courses and get a degree, take training in an area that will help you advance in your current role, look for a better paying job, I've often made the most increases in pay when I switched employers. Most important is to live below your means, save and invest the rest and let time work in your favor. Don't think small amounts don't matter even that $20-30 a week now will add up to hundreds or thousands even in 15-20-30 years.
@@rynewilliams Mindset and patience are the most important aspects to investing in my opinion. If you want to maybe get rich quick buy lotto tickets, if you definitely want to get rich slowly invest consistently for the rest of your life, times going to pass regardless of which path you choose.
Why don't both of you invest it would get you there faster you both could do 15-25% of your total incomes and together you could build your nest egg faster and more efficiently I'd say
@@jeffaragon we do both invest, were married its not two pots of money but one. She contributes to her 401K as do I and her remaining salary after taxes covers all our bills my incoming salary covers the rest of our investments and nice to haves. The funds from both her salary and mine are all accounted for doesn't matter if we split up what funds came from what salary differently it's still exactly the same % allocation for bills and investments, its not as if there is money unaccounted for sitting on the sidelines.
I’m the same way. I over budget on certain things and what I don’t use, I invest. I save a lot of my money. I save 1’s and 5’s . I watch what I spend . Glad to know I’m not the only one out there being financially savvy
@@rynewilliams I am Danish so I pay a bit in taxes on all income. I have lived the USA for a little while, and I envy your tax laws (In Denmark I pay 27-47% in tax of all income (dividend, growth, day job, extra job) But I am also used to education, healthcare and retirement pension. I think it equals up in the end. But it does make it a lot harder to become financial independent in Denmark. By the way - have you read the book "Early Retirement Exstreme " by Jacob Lund Fisker. He is Danish. His book was such an eye opener for me.
Great break down Ryne! Really solid video giving multiple strategies. I’m a fan of encouraging people to invest in what makes them the most comfortable rather than giving a one-size-fits-all idea, so this is perfect!
U don't even need to fully live off dividends. When dividends cover like half your fix costs you can just go half time on the work. Try to work remote so you can travel freely and working 25 hours a week is pretty healthy. No one really wants to just retire and do nothing. Everybody will still do something.
I'm 50 now and making the highest earnings now in my career with a permanent work at home contract, plus my employer provides free RSU's that pay dividends. As I'm working out of Europe for a US company i have a great work life balance. No hurry to retire as I really enjoy my career.
Hi Ryne, the thing your missing is prices double every 20 years. You will need 2 times the dividends I think I will need today to live the same life style. When you retire, the biggest thing is to be debt free and mortgage free.
I’m lucky, I get to invest close to 30k a year. I’m taking the hybrid approach, VOO, SCHD as my foundation, with growth like MA, UNH, HD. And slow growth like O and PEP. I have a 20 year time horizon. But the best part is I still enjoy my life while I do this. Travel, and buy ONLY things I love. It’s the best combo, plus I love the small victories with receiving dividends/dividend growth/share price appreciation.
Hi Ryne, you seem young and have 15+ years to retirement with some great ideas. Would love to see a video from there perspective of someone who may be 55 years old and looking for a retirement in the next few years with a healthy dividend income strategy to supplement other sources of income.
Loved this video as half of my current monthly investment goal is to buy 4K a month of SCHD. This is what happens when you wait til you’re 55 to start! Two months in and already excited about the ride!
So, lets assume that we are all ballers and can afford to invest 100,000 a year. And, we do build our portfolio up to 2.2 million......Another option that you could do is to take around 25-30% (the 658 thousand needed) and invest that into something like JEPI, leaving the remainder 1.5 million in the other fund (I would have chose SCHD from the start). Doing this would still allow me to make that 60K per year from JEPI while the other 1.5 million will still be collecting and reinvesting dividends and building that nest egg even larger for either an emergency for myself, my end of life medical expenses, and a possible inheritance for my family.
Hello Ryne, I'm one of those late investors.. I'm trying to get to freedom in 15 years which will put me at 65... I currently hold SCHD/OMFL in my main account and JEPI/ VOO in my Roth IRA... I plan to invest every month around 2K into my main account and my question is should I split the monthly investment between the two in my main, add another ETF, or sell OMFL and put all the monies into SCHD?
I think SCHD and OMFL can be a solid split. My only qualm with OMFL is that it has a decently high expense ratio, but otherwise looks to be a solid fund. I think you're doing great!
@@rynewilliams again, thank you so much for your help… The problem I’m having in my head is it seems putting all funds into one ETF would increase the dividends being rolled over which increases the compounding interest, which I believe will get me to my goal quicker or am I wrong and equally splitting the investments into two ETFs will get me to the same goal as quickly? My head is a pretzel and I truly appreciate your time and expertise.
SCHD has a higher dividend yield and dividend growth rate, so you will get more bang for your buck in terms of cash-flow by consolidating solely into that one ETF
I'm currently putting my investing funds into high dividend stocks/ETF's, then, once I'm making enough to live off of, slowly thansferring into more stable, SCHD type stocks.
Great question! The 5 year growth rate represents how much the company/fund has increased the dividend by on average over the last 5 years. So if they have a 9.89% 5 year growth rate, every year for the last 5 years that dividend has been raised by 9.89% on average
But what if you are sixty? Is there no dividend strategy for someone my age who has come into a cash inheritance and would like to create pension-like income to supplement Social Security and retirement accounts?
Roth laddering is a strong path to early retirement as pre tax money can converted to Roth and withdrawn tax and penalty free after five years. I think living off investment income in 15 years is doable in my Roth by doubling the dividend cash flow with selling covered calls.
Hey Ryan, been to following you for a while and have a question. Hopefully you can maybe put me in the right direction. I have two Roth IRAs one. I started about 7 months earlier before the other. The first Roth is conservative index funds mid-cap, small cap, bond and s&p 500. The second Roth is three dividend ETFs. Even though both IRAs are being used for the exact same thing, do you think I'm taking away from the first one by splitting the yearly max. Would love your thoughts
I think if the strategy between the two Roths is more/less the same, then it makes sense to just have one account instead of two. What are your thoughts on it?
I never heard of FDVV. Wow, it did have Apple, MSFT and NVIDIA in this ETF. Very nice. I am going to open up a position in this ETF. I don't have any Apple, Microsoft, and NVIDIA in my growth portfolio. FDVV seems like awesome fit to own these quality companies. Thank much for sharing :)
Yea it'd be fine in a taxable account. Depending on your age, if your goal is to live off dividends in 15 years, doing this in something like a Roth IRA may not be feasible due to the withdrawal rules
Good advice! I’m long VIG and want to hopefully hold forever but I do love juicy dividend yields. Like you said though, may have to increase my time horizon. Love dividends!
You didn't touch upon the option that I used, which was adding rental property for higher cash flow. Technically it's a real asset, not a financial asset like a stock. But the money pays bills just the same.
Started investing a little late in life. About 39 years old. Now 42 and hoping at 55 ill be able to retire or at least see it in the horizon lol. Set a goal of $100,000 invested by year end. (They say the 1st 100k is the hardest lol) Currently $74k between Robinhood and 401k. 🤞
Balls of fire for having that much money on Robinhood, I would transfer that to a reliable broker if I was you. Fidelity is giving 100$ for a 50$ deposit if you open an account with them .
@@rynewilliams haha. I need a little help from the stock market to get to $100k by year end. Just bumped my 401k from 6% to 7. Still trying for $250/week in my Roth till maxed and then probably switch to the regular brokerage.
I knew SCHD was coming, and I could not agree more. An amazing dividend growth rate, very solid yield, and good price appreciation. I’ve yet to find a better ETF for a do it all dividend solution.
@@rynewilliams most likely south East Asia or Portugal. Cost of living is extremely cheap. I’ve been to those countries before and as long as you have a good health, you could live a very good life there.
Hey man I was curious to know how do you go about advancing positions in your portfolio? Do you look at the allocation % and choose a sector to advance positions, do you go hard on company's you really like until you get bored lol. This is all assuming you are good with the positions you own of course.
For example do you go hard in the company's you believe indefinitely, and again this is assuming the person already believes and holding the companys forever? Do you focus on the company's that you own with higher growth potential etc.
Well I have 8 years, until I can claim my SS; that will pay my mortgage payment and the rest will be covered by dividends. But can stay in the house that I live in now. It is going to be tight, but may need to give up my SUV (car). Left base camp 1 and pushing hard for base camp 2.
I love your content!! I’m 46 and I have about 200k invested in VTI and 75k invested in SCHD. Can you recommend about 5 dividend stocks for life to invest in for passive income?
Thanks for checking my math! I have an extremely simplified SCHD calculator and that's about what I came up with as well. Going to take some time, but it should be worth it in the end.
I think in 10-12 years i should be able to retire by conserivative estimates. Ill be 45 at that time, not too shabby. Ofcourse if market is good, then much sooner like 8 years.
I trade covered calls on QQQ and reinvest the profits in SCHD, TSLY, JEPI, and VIG. I am only risking profits on TSLY, so I am not too worried about the money invested in it.
Hey man like your Channel keep up the good work to all dividend stock investors it is a long journey for me as a dividend investor I focus on other avenues on making money you have to dividend Stock investing takes a long time.
I'm looking to have a $500k dividend portfolio by year 2031. It's not going to be something I live off of, rather something that supplements my retirement income (Pension, 457b, and Social Security)
I am fortunate enough to have enough passive income right not to cover my bills and can invest 1k a paycheck into dividend stocks. What are your thoughts about not reinvesting dividends now to expand my free cash flow to build up other ventures while still building for retirement.
Man that's awesome, good for you! And I don't think that's a terrible idea. So instead of reinvesting dividends, you'd just stack that cash to allocate into other opportunities?
my goal is in 5 years. I'm hoping to use JEPI & JEPQ to generate a good portion of my monthly income. I'll add REIT $O Realty Income & lets say an S&P 500 index fund to the allocation for growth. My concern/question is what happens when I stop reinvesting the dividends when I'm in retirement as far as the NAV erosion? I know I'll still have all the shares because I'm not selling, but would the dollar amount keep going down over the years?? I'm completely happy with JEPI & JEPQ NOW because I'm reinvesting all dividends back into the funds. Thoughts/comments?
Thank you so much! I definitely think 20 years is doable. 15 years is pretty tough, but a lot of great compounding can happen between year 15 and year 20
Ryne keeps it real. It’s not easy to make a retirement living off dividends. But the grind is real if you’re willing to grind daily, weekly, and monthly. 🙏🙌🏾❤️👊🏽👍💪🏾🇺🇸🎉🥃
The aim should be to replace your weekly or monthly income, financial independence. That my aim. Have the money come in every week or month and not have to work for it.. no fare of loosing your job, how you going to pay the bills. Etc etc..
I watch lots of people talking about tax eroding the return.. tax is a part of life but if I make 50k and pay 5k without having to go to work I’ll still take it thanks.
Keep reiterating “long term “, no one will get there overnight. For me to be able to do 50k a year, I have to pay all debt (cc) first. I told you. Once I’m debt free, it’s on..lol I saw peanut just chilling on the table😂😂 but yeah, my time is 15yrs. I’m done at 62…
@@rynewilliams 60K in 15 years is same as 38K today. The comment wasn't meant to discourge people from investing but just to be mindful of what your money would be worth in the future.. so you plan accordingly and maybe invest a bit more to compensate for inflation eating away at your money..
It’s certainly not realistic for most people, which is why at the end of the video I said that people should slow things down and extend their time horizon
I wasted a lot of time with a wealth manager who was getting rich off of me. I started doing it on my own about 2 months ago with 100k in cash and so far for June I had over $300 in dividends. I still have about 40k left to invest as of yet.
Although you need at least 10 years of work (40 credits) to qualify for Social Security retirement benefits, we base the amount of your benefit on your highest 35 years of earnings. Dividends and rental income are great but you need to earn in life. Don't quit to soon. Do something you like but do something.
Yea I agree. I'd imagine that most people who want to retire early won't be just sitting around drinking margaritas. I'd imagine the motivation to leave their 9-5 would be to do something more personally fulfilling, or they'd just work part time to stay busy but have a bit more freedom
In how many years are you hoping to live off dividends? Let me know in the comments! 👇
Thank you for responding.. I’m hoping at the age of 65 which is a little over 15 years from now.
@@chrismehlem9043 nice!
@@rynewilliams I appreciate you responding, but you didn’t really answer my initial question or maybe you did and I just don’t see it… either way I really could use the advice of someone who’s more knowledgeable than I.
I’m just now seeing your other comment. You just have to give me some time to get there
@@rynewilliams I apologize.. I wasn’t sure if you saw it… thank you so much in advance and take your time.. I truly appreciate what you do.
17 Here Just hit $370 in annual dividend income last week from my 10.4k dollar portfolio been investing since I was 10 but now my portfolio is growing from my first job where I put half my income in investments and the other half goes too learning to trade options
Man congratulations! That's huge that you're already bringing that much in at 17 years old. Keep up the great work
I grew up in a double wide trailer, neither of my parents even graduated high school, needles to say I did not have the best role models when it came to financial education or responsibility so if I can do it anyone can. Spend less than you make and invest and save the difference. Personally my wife and I have set up our finances so that her job pays all of our bills and the income I make is for investing, saving and paying for extras like trips, eating out if we want to and entertainment, taking the kids to a movie etc. On average I invest about $1,300 a week or about $68,000 a year. Make a plan, start with a budget so you know what your spending where, cut where you can and do whatever it takes to increase your incoming capital. Take college courses and get a degree, take training in an area that will help you advance in your current role, look for a better paying job, I've often made the most increases in pay when I switched employers. Most important is to live below your means, save and invest the rest and let time work in your favor. Don't think small amounts don't matter even that $20-30 a week now will add up to hundreds or thousands even in 15-20-30 years.
Man that's so awesome, thank you for sharing all of that. You're absolutely right -- ANYONE can do this stuff!
@@rynewilliams Mindset and patience are the most important aspects to investing in my opinion. If you want to maybe get rich quick buy lotto tickets, if you definitely want to get rich slowly invest consistently for the rest of your life, times going to pass regardless of which path you choose.
Why don't both of you invest it would get you there faster you both could do 15-25% of your total incomes and together you could build your nest egg faster and more efficiently I'd say
@@jeffaragon we do both invest, were married its not two pots of money but one. She contributes to her 401K as do I and her remaining salary after taxes covers all our bills my incoming salary covers the rest of our investments and nice to haves. The funds from both her salary and mine are all accounted for doesn't matter if we split up what funds came from what salary differently it's still exactly the same % allocation for bills and investments, its not as if there is money unaccounted for sitting on the sidelines.
I’m the same way. I over budget on certain things and what I don’t use, I invest. I save a lot of my money. I save 1’s and 5’s . I watch what I spend . Glad to know I’m not the only one out there being financially savvy
I don't have 10 years but I do not care. I will get as close as I can. I have a good nest egg and a good pension waiting
Heck yea!
@@rynewilliams I am Danish so I pay a bit in taxes on all income. I have lived the USA for a little while, and I envy your tax laws (In Denmark I pay 27-47% in tax of all income (dividend, growth, day job, extra job) But I am also used to education, healthcare and retirement pension. I think it equals up in the end. But it does make it a lot harder to become financial independent in Denmark.
By the way - have you read the book "Early Retirement Exstreme " by Jacob Lund Fisker. He is Danish. His book was such an eye opener for me.
Yes! I am going two more years. I will have a decent pension+403b+dividends.
I haven't read that book yet, but I'll have to look into it. Thanks for the recommendation
Inflation
Great break down Ryne! Really solid video giving multiple strategies. I’m a fan of encouraging people to invest in what makes them the most comfortable rather than giving a one-size-fits-all idea, so this is perfect!
I agree man, and thank you! It’s good to have options and be able to compare/contrast the pros and cons
U don't even need to fully live off dividends. When dividends cover like half your fix costs you can just go half time on the work. Try to work remote so you can travel freely and working 25 hours a week is pretty healthy. No one really wants to just retire and do nothing. Everybody will still do something.
I completely agree with that 👏
I'm 50 now and making the highest earnings now in my career with a permanent work at home contract, plus my employer provides free RSU's that pay dividends. As I'm working out of Europe for a US company i have a great work life balance. No hurry to retire as I really enjoy my career.
A reminder is that if you do want to retire earlier than 65, make sure you consider the cost of health insurance.
Thank you for the reminder 🙌
I want to retire by 45 and I don’t care about health insurance. Period.
Hi Ryne, the thing your missing is prices double every 20 years. You will need 2 times the dividends I think I will need today to live the same life style. When you retire, the biggest thing is to be debt free and mortgage free.
Thanks Eddy, I appreciate the comment.
I’m lucky, I get to invest close to 30k a year. I’m taking the hybrid approach, VOO, SCHD as my foundation, with growth like MA, UNH, HD. And slow growth like O and PEP. I have a 20 year time horizon. But the best part is I still enjoy my life while I do this. Travel, and buy ONLY things I love. It’s the best combo, plus I love the small victories with receiving dividends/dividend growth/share price appreciation.
You're doing it right my friend - keep up the great work!
"6 in the morning police at my door." Love the shirt, Ryne. Let's start making that cash flow.
Man Ice T is classic!
Hi Ryne, you seem young and have 15+ years to retirement with some great ideas. Would love to see a video from there perspective of someone who may be 55 years old and looking for a retirement in the next few years with a healthy dividend income strategy to supplement other sources of income.
Great idea!
What about Ford (F)? Ford is my go to dividend stock. Currently around 35% of my portfolio. I just don't see many people taking about Ford
I just don’t think many see it as a super strong investment.
Hail Mammon, Hail Clauneck, Hail Bune. All hail the true trinity of wealth.
Loved this video as half of my current monthly investment goal is to buy 4K a month of SCHD. This is what happens when you wait til you’re 55 to start! Two months in and already excited about the ride!
Heck yea! I'm glad you enjoyed this one. Thanks for watching and commenting on it
Waited until 56 to start. Good luck.
Good luck to you both!
Anything you accomplish is infinitely more than nothing, and will only help you in the long, or not so long run.
So, lets assume that we are all ballers and can afford to invest 100,000 a year. And, we do build our portfolio up to 2.2 million......Another option that you could do is to take around 25-30% (the 658 thousand needed) and invest that into something like JEPI, leaving the remainder 1.5 million in the other fund (I would have chose SCHD from the start). Doing this would still allow me to make that 60K per year from JEPI while the other 1.5 million will still be collecting and reinvesting dividends and building that nest egg even larger for either an emergency for myself, my end of life medical expenses, and a possible inheritance for my family.
That honestly would be a great plan! Good thinking
Hello Ryne, I'm one of those late investors.. I'm trying to get to freedom in 15 years which will put me at 65... I currently hold SCHD/OMFL in my main account and JEPI/ VOO in my Roth IRA... I plan to invest every month around 2K into my main account and my question is should I split the monthly investment between the two in my main, add another ETF, or sell OMFL and put all the monies into SCHD?
I think SCHD and OMFL can be a solid split. My only qualm with OMFL is that it has a decently high expense ratio, but otherwise looks to be a solid fund. I think you're doing great!
@@rynewilliams again, thank you so much for your help… The problem I’m having in my head is it seems putting all funds into one ETF would increase the dividends being rolled over which increases the compounding interest, which I believe will get me to my goal quicker or am I wrong and equally splitting the investments into two ETFs will get me to the same goal as quickly? My head is a pretzel and I truly appreciate your time and expertise.
SCHD has a higher dividend yield and dividend growth rate, so you will get more bang for your buck in terms of cash-flow by consolidating solely into that one ETF
@@rynewilliams Thank you so much for taking the time to answer my questions and easing some discomfort the unknowns of investing brings.
I'm currently putting my investing funds into high dividend stocks/ETF's, then, once I'm making enough to live off of, slowly thansferring into more stable, SCHD type stocks.
Nice!
does the 9.89% 5 year growth rate mean that 5 years from now the dividend yield will be 9.89%?
Great question! The 5 year growth rate represents how much the company/fund has increased the dividend by on average over the last 5 years. So if they have a 9.89% 5 year growth rate, every year for the last 5 years that dividend has been raised by 9.89% on average
This is the video I’ve been looking for those numbers are doable for me
Thank you my friend! You can do a lot of great compounding in 15 years. Keep climbing 📈
What about SPYD?
Not a bad fund, but I personally think SCHD is better
In general, my whole-year dividend is almost $4000. I will keep those stocks for at least 10 years.
That’s awesome! Averaging over $300/month is no joke
Where is a good place to rescearch ETFs
I do all of my research on Seeking Alpha
But what if you are sixty? Is there no dividend strategy for someone my age who has come into a cash inheritance and would like to create pension-like income to supplement Social Security and retirement accounts?
The strategy in this video here wouldn't be a bad way to go: ua-cam.com/video/XFQfNScbVhw/v-deo.html
@@rynewilliams Thank you.
What dividend ETFs would you recommend for Euros? Not much to choose from... VHYL? TDIV? SPYD? Thanks
The best one I've seen so far is VHYL, but you also can't go wrong with SPYD. The two would be a good combo
@@rynewilliams thanks a lot for your help.
Anytime, thank you!
Roth laddering is a strong path to early retirement as pre tax money can converted to Roth and withdrawn tax and penalty free after five years. I think living off investment income in 15 years is doable in my Roth by doubling the dividend cash flow with selling covered calls.
Yea covered calls will definitely add an extra boost. Love it!
Slow and steady wins the race. Quality companies and being diversified. All the best Ryne
You said it best Bob, thanks so much!
Hey Ryan, been to following you for a while and have a question. Hopefully you can maybe put me in the right direction. I have two Roth IRAs one. I started about 7 months earlier before the other. The first Roth is conservative index funds mid-cap, small cap, bond and s&p 500. The second Roth is three dividend ETFs. Even though both IRAs are being used for the exact same thing, do you think I'm taking away from the first one by splitting the yearly max. Would love your thoughts
I think if the strategy between the two Roths is more/less the same, then it makes sense to just have one account instead of two. What are your thoughts on it?
Exactly, just need a reassurance
I am hoping to keep on working and use the dividends to augment my lifestyle. Another great video Ryne!
Thank you Greg!
I just got to $45 a month and I am finally beginning to feel the ball!
Heck yea, great work!
I'm hoping to do it in around 14-19 years. I'm going to start a position into FDVV, and DCA into it. I like it and it's holdings more than SCHD.
I never heard of FDVV. Wow, it did have Apple, MSFT and NVIDIA in this ETF. Very nice.
I am going to open up a position in this ETF. I don't have any Apple, Microsoft, and NVIDIA in my growth portfolio.
FDVV seems like awesome fit to own these quality companies. Thank much for sharing :)
@mariex800 I think its like the best mix of both worlds! I love it.
I don't think I've looked into it either, but I'll have to check it out!
@@rynewilliams let me know what you think man!
Does look like they have some solid holdings! That expense ratio isn't the best though. That'd be my only qualm about it. Otherwise looks pretty cool
Is this plan something that would be good in a taxable account?
Yea it'd be fine in a taxable account. Depending on your age, if your goal is to live off dividends in 15 years, doing this in something like a Roth IRA may not be feasible due to the withdrawal rules
Good advice! I’m long VIG and want to hopefully hold forever but I do love juicy dividend yields. Like you said though, may have to increase my time horizon. Love dividends!
Thank you! I think 20 years is a solid amount. The amount of compounding that can happen between year 15 and year 20 is actually pretty insane
@@rynewilliams Agreed!
My goal is 25000 per yr I think the vym schd combo is great
Yea that is a pretty solid combo
Power to the dividend investor
We're taking over man!
You didn't touch upon the option that I used, which was adding rental property for higher cash flow. Technically it's a real asset, not a financial asset like a stock. But the money pays bills just the same.
Rental properties are certainly another option
Step Nr. 1: get a vasectomy (if you own ⚽ ⚽)
Step Nr. 2: invest in dividend ETFs and/or Stocks
Step Nr. 3: live frugal, keep adding, let them grow
Hahaha there you go. Financial freedom in 3 easy steps
Started investing a little late in life. About 39 years old. Now 42 and hoping at 55 ill be able to retire or at least see it in the horizon lol. Set a goal of $100,000 invested by year end. (They say the 1st 100k is the hardest lol) Currently $74k between Robinhood and 401k. 🤞
Oh you’ll definitely get there. Good stuff man!
Balls of fire for having that much money on Robinhood, I would transfer that to a reliable broker if I was you. Fidelity is giving 100$ for a 50$ deposit if you open an account with them .
@@gengarphantom6967 haha it's not all on Robinhood. My 401k is like a Trow price target date fund through a different brokerage or whatever
@@rynewilliams haha. I need a little help from the stock market to get to $100k by year end. Just bumped my 401k from 6% to 7. Still trying for $250/week in my Roth till maxed and then probably switch to the regular brokerage.
I knew SCHD was coming, and I could not agree more. An amazing dividend growth rate, very solid yield, and good price appreciation. I’ve yet to find a better ETF for a do it all dividend solution.
Haha yea on one hand I hate that it gets brought up so much, but at the same time, I think it's for good reason. It truly is a really solid fund
Rdvy also come close, great etf similar approach to schd
Syndicate fool! Great insight, many thanks for the info..
Haha I’m actually wearing that same shirt right now as I’m typing this 😂
10 years I can retire but not in this country, 20 years I can retire in this country.
Basically I have to think real hard 10 years from now.
Where would you consider moving to if you were going to do the whole geoarbitrage thing?
@@rynewilliams most likely south East Asia or Portugal.
Cost of living is extremely cheap. I’ve been to those countries before and as long as you have a good health, you could live a very good life there.
I've heard really good things about Portugal. Spain too, actually
@@rynewilliams haha I just finished watching your other video interview, mentioning the hosts Spain vacation 🤣
I'm doing jepi schd vym
Index funds or individual stocks for my kids custodial account?
That’s totally up to you. I can’t answer that for you
@@rynewilliams I appreciate the honest answer. Thanks
@@HenryLopez-uw6hy anytime my friend!
Hey man I was curious to know how do you go about advancing positions in your portfolio? Do you look at the allocation % and choose a sector to advance positions, do you go hard on company's you really like until you get bored lol. This is all assuming you are good with the positions you own of course.
For example do you go hard in the company's you believe indefinitely, and again this is assuming the person already believes and holding the companys forever? Do you focus on the company's that you own with higher growth potential etc.
I typically prioritize by valuation and allocation. With that in mind, I just started a position in WSM, so I'm heavily prioritizing that right now
Do you think Nike is a good dividend stock ?
Yea. I don’t know about its valuation because I’ve never looked at it in depth, but undeniably a good company
@@rynewilliams Ok Thanks and do you think that J&J or Blackrock will be a better dividend investment for the future?
Well I have 8 years, until I can claim my SS; that will pay my mortgage payment and the rest will be covered by dividends. But can stay in the house that I live in now. It is going to be tight, but may need to give up my SUV (car). Left base camp 1 and pushing hard for base camp 2.
You got this Keith!
I love your content!! I’m 46 and I have about 200k invested in VTI and 75k invested in SCHD. Can you recommend about 5 dividend stocks for life to invest in for passive income?
Very nice! And I put out a video a while back that would have some good ideas for you: ua-cam.com/video/uzMnENYNvNA/v-deo.html
Oneoke or OKE is very solid. Coca Cola is also a solid one.
Agreed!
TSLY here I come! Well until the NAV erosion surpasses the distributions.
Thanks for checking my math! I have an extremely simplified SCHD calculator and that's about what I came up with as well. Going to take some time, but it should be worth it in the end.
It definitely takes time, but it's absolutely worth it! Keep it up
Can you talk about TSLY?
Here you go my friend: ua-cam.com/video/P2b5RGFmoR0/v-deo.html
I think in 10-12 years i should be able to retire by conserivative estimates. Ill be 45 at that time, not too shabby. Ofcourse if market is good, then much sooner like 8 years.
Man that’s not too shabby at all. Good for you!
I trade covered calls on QQQ and reinvest the profits in SCHD, TSLY, JEPI, and VIG. I am only risking profits on TSLY, so I am not too worried about the money invested in it.
I think that’s the way to do it if you’re going to invest in it
Hey man like your Channel keep up the good work to all dividend stock investors it is a long journey for me as a dividend investor I focus on other avenues on making money you have to dividend Stock investing takes a long time.
Thanks Dedric, appreciate the support man!
I'm looking to have a $500k dividend portfolio by year 2031. It's not going to be something I live off of, rather something that supplements my retirement income (Pension, 457b, and Social Security)
I dig it!
Where the hell does 60,000 barely make it?! Maybe San Fran and NYC but most places that is still fairly comforable.
I don’t believe I said $60,000 barely makes it. I agree that it’s a comfortable amount. I’d be stoked to be bringing in that much
I am fortunate enough to have enough passive income right not to cover my bills and can invest 1k a paycheck into dividend stocks. What are your thoughts about not reinvesting dividends now to expand my free cash flow to build up other ventures while still building for retirement.
Man that's awesome, good for you! And I don't think that's a terrible idea. So instead of reinvesting dividends, you'd just stack that cash to allocate into other opportunities?
@@rynewilliams Yes, it would go into a a prime money market to be used when I find an opportunity I like for buying my first rental property.
I think that’s a great idea man
Master Limited Partnerships are a good choice for income in a taxable account as the taxes on much of the dividend income is deferred.
Very true. I’ve been enjoying owning EPD
Won’t be living off of dividends but using them to keep on building wealth.
Solid!
That’s always the dream 🎉
Man absolutely!
my goal is in 5 years. I'm hoping to use JEPI & JEPQ to generate a good portion of my monthly income. I'll add REIT $O Realty Income & lets say an S&P 500 index fund to the allocation for growth. My concern/question is what happens when I stop reinvesting the dividends when I'm in retirement as far as the NAV erosion? I know I'll still have all the shares because I'm not selling, but would the dollar amount keep going down over the years?? I'm completely happy with JEPI & JEPQ NOW because I'm reinvesting all dividends back into the funds. Thoughts/comments?
I can't exactly predict what's going to happen with JEPI and JEPQ over the years, but that's certainly a concern.
Great video. I’m just staring out and that was a great watch. Thank you. I’m hoping to start living off them in 20 years time
Thank you so much! I definitely think 20 years is doable. 15 years is pretty tough, but a lot of great compounding can happen between year 15 and year 20
I just hop on and out of div stock generated more and you can do it with way less. 10k does the job ..
What do you mean? Like you buy in and out of dividend stocks on a regular basis?
Ryne keeps it real. It’s not easy to make a retirement living off dividends. But the grind is real if you’re willing to grind daily, weekly, and monthly. 🙏🙌🏾❤️👊🏽👍💪🏾🇺🇸🎉🥃
Thanks Ty, glad to hear from you man
As always, great vid!!! Gave me more hope than anything 🎉
Thank you my dude! Idk about you, but I’d love an extra 6 figures to invest every year 😂
Jeez how much would you have to invest in 15 years to where it allows you to live off it?
That's pretty much what the whole video was about haha
How much are you investing per year into all your accounts?
Just over $10k per year at this point
@@rynewilliams awesome so I have a chance to keep up. 😊
The aim should be to replace your weekly or monthly income, financial independence. That my aim. Have the money come in every week or month and not have to work for it.. no fare of loosing your job, how you going to pay the bills. Etc etc..
That's the goal my friend!
I watch lots of people talking about tax eroding the return.. tax is a part of life but if I make 50k and pay 5k without having to go to work I’ll still take it thanks.
Keep reiterating “long term “, no one will get there overnight. For me to be able to do 50k a year, I have to pay all debt (cc) first. I told you. Once I’m debt free, it’s on..lol I saw peanut just chilling on the table😂😂 but yeah, my time is 15yrs. I’m done at 62…
Get that credit card paid off my friend -- then it's game time! Yea Peanut (AKA my producer) just wanted to make sure I didn't screw things up
@@rynewilliams 🤣🤣🤣
You will actually need to make $100K in dividend income in 15 years to have same buying power as 60K today..
Maybe the example was based on someone who will need $60k in the future, not today
@@rynewilliams 60K in 15 years is same as 38K today. The comment wasn't meant to discourge people from investing but just to be mindful of what your money would be worth in the future.. so you plan accordingly and maybe invest a bit more to compensate for inflation eating away at your money..
Investing 100k per year? Who has so much spare money to invest for 15 years non stop? Simply not realistic
It’s certainly not realistic for most people, which is why at the end of the video I said that people should slow things down and extend their time horizon
A lot lot lotta money 😂. Good job Ryne, you got really comfortable with the camera and your presentation
Thank you so much! I'm working on that presentation. Practice makes perfect I suppose
My goal is in 22-23 years so I can retire earlier
I love it. How long have you been investing for?
I wasted a lot of time with a wealth manager who was getting rich off of me. I started doing it on my own about 2 months ago with 100k in cash and so far for June I had over $300 in dividends. I still have about 40k left to invest as of yet.
Wow that's awesome!
Although you need at least 10 years of work (40 credits) to qualify for Social Security retirement benefits, we base the amount of your benefit on your highest 35 years of earnings. Dividends and rental income are great but you need to earn in life. Don't quit to soon. Do something you like but do something.
Yea I agree. I'd imagine that most people who want to retire early won't be just sitting around drinking margaritas. I'd imagine the motivation to leave their 9-5 would be to do something more personally fulfilling, or they'd just work part time to stay busy but have a bit more freedom
Did they put a man on the moon?!
Hahaha I was waiting for someone to comment this! 😂
@@rynewilliams haha! Love your videos dude!
Haha thank you my friend. I appreciate all of your support here on the channel, truly means a lot
My bank pays 5% in dividends
Cool
Lmao nobody I know would be able to invest 50k per year 😂
Doesn’t mean it’s not possible