![]() ![]() Invest in quality stocks that enable you to achieve a 6% growth rate in your equity value Without the dividend reinvestment plan, I can invest in a stock when it declines in value or I can invest in a different dividend stock in my portfolio. Rather than a dividend reinvestment plan, I like to invest at my own discretion.Ī dividend reinvestment plan will automatically buy shares in that specific stock. Once you receive dividend income, use this to buy more stock in your portfolio. Any dividend income you receive should be reinvested into your dividend growth portfolio I’ve been saving at least 30% of my after-tax income each year. After that, the annual increases get much more difficult, but they are certainly attainable. As long as you are a good saver, you should be able to do this for the first 10 years. This sounds like a lot but can be done so long as you increase your income from other sources along the way. Increase your monthly contributions by 25% per year We want to save our time for other sources of passive income. If you want to contribute more, even better! Make your contributions automated as much as possible. Set up an automatic contribution of $200 per month to your dividend growth portfolio. Contribute $200 per month to your dividend portfolio your first year Just follow these five steps to living off dividends: 1. They are aggressive, but this would allow me to achieve a six-figure income and a millionaire dollar portfolio at the end of 20 years. ![]() My five-step plan will help you obtain living off dividends in 20 years. Robinhood is just one of the top investment apps to use to build wealth through dividends. If you sign up, we both receive a share of free stock. So, I developed a five-step plan to live off dividends while building a portfolio on Robinhood. There is nothing better to do that than dividend growth investing. What do I do until then? I knew I had to build something that would give me income and residual value. I can’t touch my 401(k) money or my IRA until I’m 59.5 years old. I’ve been tracking my net worth and portfolio with Personal Capital for free. I needed to make my savings and investing habitual. I always had this urgency to plan my financial future in the right way. I’ve been contributing the max amount to my 401(k) and IRA since I graduated college. I’ve highlighted in a post how to live off dividends. Can you earn a passive income from investing? Absolutely. The book was named #1 new release in the Amazon stock market investing category! Can You Use an Investment Calculator to Plan for Retirement?Īn investment calculator can help you achieve your retirement goals without a doubt. I love dividends so much that I wrote a book titled: Dividend Investing Your Way to Financial Freedom. Now it’s time to get moving on securing your financial future! We already gave you a free dividend discount model to download. You really never know an answer until you run the numbers. I’m a big fan of quantitative analysis to determine an outcome. You get to earn income AND make progress towards early retirement. The devil is in the details.īuilding a dividend portfolio should be fun and exciting. There is no better way to plan for your financial future than using good ‘ole financial modeling. ![]() Not overwhelming.īy being a dividend growth investor, I am always finding ways to quantify my financial future. Free Dividend Calculator: Achieve Your Retirement Goals This led me to create a free downloadable dividend calculator model to help you achieve goals similar to mine. After reviewing the many opportunities out there and my goal of living off dividends forever, I became intrigued with how I can help others achieve their goals too. ![]()
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