How To Live Off Of Dividends ALONE So You Can Quit Your 9-5 Job
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- Опубликовано: 26 сен 2024
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Yes that happened to me here on youtube. Please make a video on it.
My best dividend purchase was during the pandemic, when oil prices were very low. Paid 5.42 per share for some pipeline stock. Since then the price has increased, and more importantly the dividend increased with the higher oil and gas prices. The stock now pays 3.50 per share annually, so yes getting 64% returns annually. Currently my dividends are just over 1,000 per month.
I’m new at investing which would you recommend?
Energy transfer!
I was buying at those prices too, I even buy them now at 15.25 a share still, it still has plenty of potential to grow. Just don’t go all in rn if you’re new to it because it could fall more over the years of course. Not FA
Kamala will end fossil fuels
The "start investing at 20 or 30 or 40 years old" ship sailed long ago for me. Paying for a college education, a house and pissing money away on motorcycles and cars took prioriity. Early retirement is in the rearview mirror. But here I am, house and cars paid off and investment money in CD's right now. Trying to make up for lost time and gain enough passive income to retire without eating out of garbage cans. More years of work ahead. At least I like my job.
Same brother. I just started divided stocks a couple of years ago, and I'm 68. Divided Bull is a really good RUclips channel to watch.
You start seeing the ability to maybe pay a power bill at first, then a car payment next, then pretty soon all your bills are being paid for as you grow your pile of ETF's and stocks. Oh... reinvest some of those dividends too.
Our dividend income could pay our monthly gym membership at the Y. But the first year we could have bought a pizza, one pizza ….for the whole year😂😂 our goal is to pay our HOA exclusively with dividends that mostly originated with the C*vid money. Of course all of it DRIP’s we never take out, we also never add.
You’re going too safe, you need to be a little more risky and get into covered call ETFs. I’m making around 500-600 a month with only 6500$ invested. Look at yieldmax funds… most pay above 50% monthly dividend..
Any reit you invest in the dividends will be non qualified meaning that income will be taxed as ordinary income.
That why put your reit into roth ira account. Its dividend free tax.
@@Eirocinagood idea
Still beats the hell out of a bank.
But the REIT doesn't pay taxes on the dividend before it is distributed.
Before the “internet age”, I loved how the company we invested in would send the investors nicely designed stock certificates to frame of put away which displayed your full name and the amount of shares one owned.
That's not all the changed, when they stopped sending you physical certificates, you stopped owning the stock. Now it's all controlled by a 3rd party and you're an "entitlement holder".
Thank you for the bar showing how long you will be telling us about your sponsorship. I appreciate that
It sounds sooooo good Jaspreet… but it’s so hard
I'm just at the point where I can pay a few bills with dividends/distributions if I need to. I usually reinvest all of them. It's a slow process but it's rewarding after time.
@@SnojetSteve The point is to get started. All snowballs start small. When it gets bigger, the dividends buy more stock that pays dividends. For example, once my dividends exceeded 100/month, the dividends were reinvested. Now the snowball is reinvesting just over 1,000/month for me. You may be having a hard time investing a couple hundered a month at the moment, but when the dividends start to exceed your contribution, the snowball becomes big enough to gain speed and grow faster on it's own. Hope to have dividend income to replace my job income when I retire. Retirement Social Security instead of being too little to live on, will just become pocket change in addition to my dividend income.
Thank you so much for your great videos! I love your videos..
Thank you jaspreet for all your knowledge
Love your channel ❤ and thank you for education!
First thanks for the great explanation!
But witch app or website to use for invest?
Thanks
A good looking random guy on the RUclips 😊
wow....this is such a great video. I learned a lot on stocks & ETFs. Thank you Jaspreet. You have like an encyclopedia on finance and investing. I learn so much from this channel.
Thank you for sharing
Wow, this is one of your best videos! Thank you for the helpful advice.
Keep up the awesome content
Cswc is my favorite dividend stock
MAIN CSWC HTGC, all great stocks.
When excellent English speaking knowledged sardar speaks, what do you do? LISTEN!!! ❤😊
Oh, I'm 43. I should've started when I was 20 but I didn't know any better so if I start now, do you think by the time I'm 63 I should be good.?
If you aggressively invest yes
Get yourself 40 credits for Social security benefits. Or a job that will give you a good pension.
All else on your own is extra!
I don’t think the 200 bucks in my bank account is enough to retire on?😢😢😢
Lol😂
Um, no 😂😂😂
Living on dividends now. I bring in Bout 120k a year in the “D”
COmpare the dividends to yearly inflation, you end up with negative gains.
❤❤❤ can’t get any better than this !!!
Best part of the video was the jacket bit 😂👌🏼👍🏼
"Sorry, we're not selling!" I love this guy!! 🤣
Buy MLPs.
The problem with dividends is that these stocks are usually on a downward trajectory. So it makes no sense to buy lots of shares just to get dividends while losing money at the same time as the stock tanking to the bottom.
I got suckered into buying shares of a company that was paying a huge dividend of nearly 20%. Then they cancelled the dividend and the stock dropped like a rock. I lost my shirt because I missed the press release by a couple of days.
What if I buy 100 share of a long established company that pays dividends and I sell covered calls?
@@lordtalamargaming6097why not just buy covered call ETFS? Look into yieldmax funds
Invest in Monarchs or just invest in Dividend funds. Anyone can cherry pick problems but the solutions are easy. What if I lose my job and can’t by dividend stocks? See how I did that.
@@cleanairninja9256 if something sounds too good to be true it usually is...stick with ones that pay 6-10%...
MPW is my favorite divvy pick right now.
How many times can Jaspreet record the same video over and over again?
Exactlyy
However many colors of turban he has..
Hes not dumb or lazy. I bet these videos make him the most money
@@tedwerd2561It's also getting new people onto his channel
Edit: like me
I saw it and was like, Groundhog Day?!
So I can invest in VYM and be rewarded with a 2.7% yield but possibly lose 20% because it is the stock market OR buy a bank CD earning 5.3% with a 100% chance of keeping 100% of my principal. Wow, the stock market for income looks so appealing.
How do you recommend we adjust for petrodollar-generated hyperinflation?
Educative
Dividends makes you Richer. I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals??
Agreed, having a good financial advisor is invaluable, my portfolio is well-matched
for every season of the market and has just yielded 120% from early last year. I and my
advisor are working on a 7 figure ballpark goal, tho this could take another year.
Her name is. 'NICOLE ANASTASIA PLUMLEE’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
how you buy etf
Via a broker. Depending on the country you live in you can do it via a broker or your bank.
When you own a rental property and collect a rent check, your rental business became less valuable because you took the cash and paid yourself instead of reinvesting. I’m not sure why people see this differently with dividend stocks / ETF’s. I also don’t like individual stocks other than REIT’s. If I was retiring tomorrow, I’d go with SCHD and VYM for the ETF’s and probably 7-10 well researched REIT’s and re-evaluate the REIT’s once a year. If you only live on the dividend from a portfolio structured this way, you’d likely get a 4% yield or better and you’d never run out of income. You should also ensure that you live on less than you make from the investments or at least have flexible spending because you don’t want to be selling shares if dividends were cut in a bear market. (which is historically never close to as severe as a stock price crash.)
That's total bollocks matey! My rental business does NOT lose value after I take a rental payment. I own the propeties outright, they go up mostly in value every year. They absolutely don't lose value just because I get rental payments from them 😂
@@marcusparkus682 My point is that on paper your business would gain that money before being distributed to you. If your properties were publicly traded and rents were paid in dividends, the share price would decrease by the amount of the dividend after gaining by the amount of the rent check. When companies pay those dividends, they’re paying out profits instead of reinvesting them which is no different than you collecting your rent check instead of reinvesting it into other properties.
@commonsense5555 except when you get older, income means more than just hoping share price goes up.
@@thebes56 Which adds validity to my point of dividends. Also Value has historically produced higher returns than both growth stocks and rental properties. Another approach which works well is the percentage of portfolio rule which is more similar to dividends but works for any all asset classes and pretty much guarantees you'll never run out of money.
Easy beginning evaluation, buisness has less debt than assets, more income coming in then income going out. Lol if at first glance a company is paying out more cash then it is bringing in theres probably a issue. Remember men lie woman lie numbers do not (they can be manipulated) but simple math (adding and subtraction) you should be fine. But once you do this youll realize that there arent many great companies to invest in. High yeilds id recommend not chasing. Understand the sector the company operates in your wanting to invest.
so did he just wink at me and tell me to blindly follow him, if that's the not the case what other beard should I follow? So confused.... Need Nigerians to help aid me with benefit advise any Nigerians?
Do you pay taxes on dividends or onky when you sell stocks
Im curious as well
I believe you do pay taxes on dividend income, unless it’s in your tax-sheltered account
Both. BUT Dividends are taxed at a lower rate.
Depends:
-Qualified dividends are not taxed if your W-2 income is below 47,025 (Single) or 94,050 (Married file joint).
-Non-qualified dividends (covered calls, REITs, etc) are taxed as regular W-2 income. Only exception is growth in a tax advantaged account.
Make slightly more than that number? Place money into a traditional 401k/IRA (not roth) to lower your W-2 income to desired amount (less than above threshold that applies).
Disclaimer: I am NOT an attorney or tax advisor. Do not take above statements as financial advice. Do your due diligence and research/ask qualified/licensed persons.
What I said cover taxes for qualified dividends non qualified dividends are taxed at your ordinary tax rate. So it's taxed like employment income. Etfs mainly do not pay qualified dividends except for schd it's dividends are qualified.
What if u work under the table??
You’re fucked. You can’t do a thing except live and pay cash for everything. You either pay the tax or you pay the price of not paying the tax
If you work under the table I'd suggest that you open a roth ira so then atleast when you invest the money your investing will have already been taxed. And keep records of what you invest
Silly
TIL Target is over 50 years old
Could you talk about BDC
Watch Dividend Bull.
If I had an extra $1000, it would either go to bills or divided stocks. And extra quacamole..😅
Voo and spy are both too rich for my blood. I am more like a SPLG kinda person.
How to quit your 9-5...work and invest for 20 years, retire and quit after you get to 65. No more job.
Investing by buying shares is too risky, the market can go down because of unexpected events, and you loose a lot of money.
The reality is different than theory, that's why I don't believe in what I hear 😊
Like I always say, Crypto is here to stay. The only thing that leaves is the people who don't manage their risks. Manage that or surely the market will manage it for you. But with the right strategies you will survive.
REITs: "when you want some real estate to diversify you against stock market crashes despite the fact that they crash along with all the other stocks"
Ditto for gold stocks btw.
Everything goes down when everyone is selling everything to get liquidity to pay debts or buy something better.
Who can live on $24k a year?
Nobody got rich saving money, the money printer never stops....how about learning some high income skills and making more money.
Two problems, the company can stop the dividend and the stock could go to zero and you lost everything. Back to work you go and start over.
Yeah, that’s a risk
That’s why you diversify. The world could also end in nuclear war tomorrow. You don’t profit from fear. ETFs all day with some single stock sprinkled here and there.
Coming from someone who knows absolutely nothing about stocks hahahaha. What a stupid comment, for many reasons
Your mindset is your problem. Not mine
Just invest in what Nancy invests in.
The video title is $4k monthly and after 1.5 hrs you are told it's next to impossible and even more risky to obtain that LOL
Anyone here who has 800k to invest🤣🤣🤣🤣
It's called compounding.....
Hell no. 😂🤣
Yea once ur making 300k-1m come back see this video guys lol
Second! 😉
First 🎉
Just a 100k who just has 100k knocking about
If I'm not in the USA but interested in investment in the stock market. How do I go about it?