I'm 43y old in Austria. Not only could I retire instantly with 1 mil, I could spend more than double per year than I do now until I am 100y old without running out of money.
I would love to see somebody do a video where an investor decided to go the high yield approach first and then funnel those dividends into something like SCHD or DGRO
This is just the video I wanted to see! There's a lot more factors that can affect these results, but it's great to have a retirement game plan. Expenses are going to go up as we get older, but it's crucial to see how much you'll need to get there. I have a mix of yield from 3% to 9%. I will eventually sell some of the higher yield for safer lower yield and growth. I'm glad you covered this one JP!
Depends where and on what „level“ you want to retire 🤔 1.000.000 $ won’t get you far in NYC, but let’s switch to Buenos Aires, Rio or to an European town like Prague, you’d be able to have a very happy life 🤔☺️
@@mikaelsmith3605 100% true, I also think you could throw some cheap states in there like some of the ones in the midwest but definitely not CA or some of the Northeastern states.
In my home country, You would be a king with a 1M, best tuition for your kids, the healthiest food on earth and best vacations ever. An absolute KING. It's just in the US,UK and these type of developed countries 1M seems not that much.
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I'm 43y old in Austria. Not only could I retire instantly with 1 mil, I could spend more than double per year than I do now until I am 100y old without running out of money.
You're single arent you?
@@idontlikeyouyo Yes and I'll probably stay that too.
Nice! Sounds like money goes far in Austria.
@@JP_Dividends Haha, not really, I live very frugal ;-)
I would love to see somebody do a video where an investor decided to go the high yield approach first and then funnel those dividends into something like SCHD or DGRO
Thats a great idea, I’ll definitely add that to my list of ideas. Appreciate the suggestion!
This is just the video I wanted to see! There's a lot more factors that can affect these results, but it's great to have a retirement game plan. Expenses are going to go up as we get older, but it's crucial to see how much you'll need to get there. I have a mix of yield from 3% to 9%. I will eventually sell some of the higher yield for safer lower yield and growth. I'm glad you covered this one JP!
Agreed big time! Definitely nice to have a mix of high and low yields. I appreciate the support!👍
Depends where and on what „level“ you want to retire 🤔
1.000.000 $ won’t get you far in NYC, but let’s switch to Buenos Aires, Rio or to an European town like Prague, you’d be able to have a very happy life 🤔☺️
@@mikaelsmith3605 100% true, I also think you could throw some cheap states in there like some of the ones in the midwest but definitely not CA or some of the Northeastern states.
In my home country, You would be a king with a 1M, best tuition for your kids, the healthiest food on earth and best vacations ever.
An absolute KING.
It's just in the US,UK and these type of developed countries 1M seems not that much.
@@georgedayoub2893 agreed big time, the area you live has a huge impact cause obviously $1M in Iowa goes way further than $1M in CA.
Where is your home country ?
No but but it can make you quite comfortable.
@@killersentra True!