This is my plan how to retire by 40 with with Dividend Investing!
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Financial independence is on everyone’s mind. Who wouldn’t want to retire early ? How early? Some people can retire by their mid 20s, some at 30s, and my plan is to invest my money until I’m 40. I’m using the Robinhood app as my brokerage of choice, but this can be done with any brokerage. My investing plan is to use dividend to generate enough passive income to pay for my bills.
In this video, I want to show you my progress with dividend investing in the last 5 years. Specifically, I want to show you my dividend income for January of 2020 and compare that to my income in January of 2019.
In order to achieve F.I.R.E. or Financial Independence Retired Early, we have to stay consistent. I’ve scheduled an automatic deposit with the Robinhood app to transfer $2000 to my account on the first of every month. This way, I can stay consistent. I encourage everyone who wants to learn how to invest to be consistent, even if you don’t have much money to start with.
In order to be successful in the stock market, you just have to mentally prepare yourself. There are many ways to put your money to work for you, but the best way to invest that I’ve found that works with my mental health, is dividend investing. You won’t see the same returns and gains as real estate investing because your money isn’t leveraged, but you will see a steady stream of passive income that will continue to grow and hopefully get you to retire early, before you turn 40.
*Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
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First!
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I respect your recent option on changing your stance but if you are now against dividend investing, two years later, remove your older videos. You are trying to make money from both sides of the topic.
At&t is a good one 👍 100k invested=$693 per month dividend yield
I appreciate laughing as I lean – thank you Andrei. When is the best time to take out the income from the dividend stocks?
A dividend yield of 4.26%? They're at 1.59% now a year later. Damn!
"living off dividends" does not mean you have to replace your existing income. very far from it. First of all, if you don't want to "save" anymore, then you don't need to make that "extra" money to put away. second, if you invested in good companies, that raise their dividends, you don't need to worry about "reinvesting" dividends. Also, having a passive income from dividends, allows you to sell your house, etc, and move somewhere where salaries maybe 5-6 times lower, but also the cost of living 5-6 times lower as well. You can comfortably live on $1500 per month in many countries in the world. and , just because you moved, does not mean you can't do casual jobs here and there. i think its the combination of multiple things that will allow majority of people to achieve financial success.
I have my own channel, if anyone interested in hearing more my opinions and plans on this topic.
Hey so I'm 38.5. Any suggestions?
Dude don't do that kind of stuff near your laptop please!
I pressed "F", and your video became full screen 🤯
Philip Morris? Who still smokes anymore to make that stock profitable?
8:20 😭 Bruh you don't even know what's coming
F
Thank you. I like the realistic goals and clear explanation.
You really impress me
You really impress me good
I 've never seen something do it better
Hope its all in a retirement account or your taxes are astronomical. Do you have a SEP IRA?
That would be dumb dawg!!! hahahah good one bro!
Okay one quick question— can I still retire by 40 if I turn 49 in December? Hahaha always love your stuff Andrei!!!
Amazing video.
I'm doing dividend growth investing in Brazil. Here the payout must be at least 25%, so we have diminished risk following this strategy
Shit, I'm already 46
My take-out from this video: Andrei’s birthday is on Jan 4th 🙂
I’ve never seen anyone do it better
Your video is so good,hope you get better and better。。
Can I invest into just one ETF every month at $3,000? Like would that be a smart move?
Why would you want to retire at 40? I just hit 37and I'm pushing my self even more, I love to travel, work, and train hard
My marriage of 7yrs is about to crash. I am so much depressed right now and wish I never used the money I and my husband have been saving to buy our first family home. I used the money to trade in the market and everything is gone. Now he wants to divorce me. I love my husband so much and I don't want him to leave me. I feel like killing myself right now😭😭😭😭
what do you think about mutual funds?
excellent human being
THANK YOU
Very inspiring content.Keep it up.
Corrie is so sweet and pretty
Anyone interested in this should check out his other videos about dividend investing. It paints a larger picture of how you should look at dividend investing, when it makes sense to do it and when it makes sense to pull back and put more focus into other areas like growth stocks.
Viewers: "Whatcha got there?"
*A whole freaking circus worth of magic tricks*
Andrei: "Personal finance advice…"
You could have put up a paper to copy 😆
How many stocks is it ok to include in a dividend portfolio? Thanks!
That was a very interesting introduction. Quite messy, too.
Lol you are epic my neighbour
Are those dividends already taxed so is it net dividend ? 4:05
401k views on a video about retirement
Ayo was that a Cody Ko and Noel Miller Mr. Struggle reference
So if you buy a stock with dividends , they will pay you ?
Is it a bad idea to only buy a stock that pays the most dividends?
The hell is wrong with this guy? Thats terrible for a wood table.
Legend 🔥🔥🔥
watching this at 30 years old ….
whats the name of the spreadsheet that you use? did you customly make that?
you have great advice here but a lot of these companies have suspended their dividends ie. CLDT and DIS