How To Live Off Of Dividends ALONE So You Can Quit Your 9-5 Job
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- เผยแพร่เมื่อ 15 มิ.ย. 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
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.)
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.
Thank you jaspreet for all your knowledge
Thank you for sharing
Keep up the awesome content
MPW is my favorite divvy pick right now.
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.
First thanks for the great explanation!
But witch app or website to use for invest?
Thanks
Best part of the video was the jacket bit 😂👌🏼👍🏼
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?!
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.
Living on dividends now. I bring in Bout 120k a year in the “D”
What are your thoughts on the food conglomerates like Kraft Heinz, Frito Lay, Tyson, etc. Is investing in food a good option for someone just starting out?
Educative
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.
Cswc is my favorite dividend stock
MAIN CSWC HTGC, all great stocks.
If I'm not in the USA but interested in investment in the stock market. How do I go about it?
Buy MLPs.
Could you talk about BDC
I don’t think the 200 bucks in my bank account is enough to retire on?😢😢😢
Lol😂
Um, no 😂😂😂
TIL Target is over 50 years old
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.
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
How do you recommend we adjust for petrodollar-generated hyperinflation?
how you buy etf
Via a broker. Depending on the country you live in you can do it via a broker or your bank.
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
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%...
Who can live on $24k a year?
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.
Second! 😉
Anyone here who has 800k to invest🤣🤣🤣🤣
It's called compounding.....
Hell no. 😂🤣
First 🎉