Living Off Dividends - $40,000 per year!!
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- Опубліковано 13 лип 2022
- Living off dividends and financial freedom from dividend investing is such a huge accomplishment. Here is the math to learn how you can live off of dividends and have passive income fund your early retirement. Best dividend stocks for passive income have great dividend yields!
#passiveincome #dividendstocks
*not financial advice
This is why millionaires can make so much money because they play with big numbers
Rio tinto paid a special dividend so it’s not really that cheap to live off rio
Age 26, already retired. Thanks to stocks and dividends.
10 years of compound interest make a huge difference. To live off dividends forget about getting money out of the broker and instead reinvest all the dividends for at least 10 years so the machine can make its own gas 📈📈📈
Just to be honest, i'm still going to work my butt off and still invest into dividends regardless. The more money, the better lol.
Reit stocks are better
Lol 2.9 mil to make only 40,000? yeah ill keep that in an index
This is my goal so I can be a stay at home wife and mom. The economy has gotten so bad that both parents have to work to make ends meet. If I can make enough from dividends, I can stay home in the future when I have kids ❤
I don't need all that all I need is a guaranteed 10%.
Guys, please do your research about the reality of dividends before investing in it and believing it will make you rich. You need to grow a big capital first and there are many drawbacks to dividends, it's not free money at all since you already possess that money. Personnally I think it's not the best way to achieve your financial goals. Good luck!
It's also important to note that the higher the yield and the less shares you need, the higher the risk! Also the price of the shares fluctuates and so will the yield 💯
SHE RESTORED MY FINANCES.
Or you just take your dividend goal and divide it by the yield. Much simpler. 40,000 / 0.0135 = $2,962,962.96
Exactly what brought me here! I want to live off dividends! ❤
It definitely works. Has for decades. Once you have enough capital.
Thank you bro !!! I don’t what it is , even though I believe I’ve seen this math before and although I understood the numbers it never quite made sense like it did this time with you explaining it …🙏🏾🙏🏾 thanks again man !!
For Rio, you actually need about $580,000 to receive $40k
The commercial for Rio Tinto
Or yield max like TSLY or nvdy put 60k and 150k into stocks like Schd or voo for more growth to balance out the erosion of TSLY /nvdy. You’ll get about 25-30k on it and 15-20k on the voo/Schd. The capital gain from voi/Schd should offset. Gotta have decent risk tolerance
I've come to realize that money is a tool. I’ve worked so hard over the years to realize that if you don’t make money work for you, you can’t experience true freedom. My retirement goals haven’t been met yet though