This is the Fastest Possible Way to Live Off Dividends

Dividend growth investing is one of the most popular forms of investing out there, particularly because the thought of receiving truly passive income in the form of dividends is pretty attractive. Being able to receive enough money in dividends to either pay most or all of your expenses as well as making enough to live a fuller life while not being bogged down by a job, is a big dream to a lot of us.

But there’s a serious drawback to dividend growth investing, and if you’ve seen other YouTube videos out there, you might already know what I’m talking about. And that is to be able to live off dividends, either partly or completely for your income, requires a massive stock portfolio. We’re talking hundreds of thousands of dollars, or in some instances with YouTube dividend investors I’ve seen, over a million dollars in stocks and ETFs, in order to reach that point. Needless to say, this is pretty discouraging to a significant amount of investors out there.

In this video we're going to look at how you can start living off dividends as soon as possible. Be sure to click thumbs up as well as subscribe if you like this kind of content.

[albacusBC]

I like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or when ever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That’d be enough to create a portfolio that would pay you between $50k to $70k in dividend income

[bernardallen]

The stock market's dividends motivated me to start investing. What counts, in my opinion, is that you will be able to live off of dividends without selling if you invest and make more money in addition to payouts. It suggests that you can give your children that advantage, giving them a head start in life. I've invested more than $600k throughout the years in dividend stocks; I'm still buying more today and will keep doing so until the price drops even further.

[Carpenglerrr]

I have challenged myself to put away 50% of my monthly income into dividend stocks which is quite easy since I live frugal without debt. I work as an account executive, and make over $20000. $10000 goes into dividends, and the other $10000 covers my my food plus living expenses. I am seeing improvements in my portfolio, dividends look certain, but I have to attribute this to only to guidance of a licensed fund manager who allocates funds to a plethora of assets. I have to stay disciplined, and remember that I’m in it for the long term. Good luck to everyone and thanks for the great video.

[growthmindset]

“The best time to plant a tree was 20 years ago, the second best time is to do it now!” -Chinese proverb

[tonysilke]

I like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or whenever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That’d be enough to create a portfolio that would pay you between $50k to $70k in dividend income

[lawerencemiller]

I did my homework on which stocks and ETFs I like for the long run, made a plan for dollar cost averaging for a year and I'm sticking to it, trying not to panic.

[matturner]

I would think that a major benefit of dividend investing is that calculating portfolio size needed is not relevant. We don't care about the value of the portfolio. We care about the sustainable income it pays. As you invest you can gradually see the income rise as you invest more and pull the retirement trigger when it's high enough regardless of the market sentiment.

[Riggsnic_co]

The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. $52k dividends received in 2022.

[gregorywhem]

Investing prospects of a minimal sum of money can be both exhilarating and baseless. With the right approach, there’s a potential for significant wealth growth, Judging by this i'm still in search for suggestions as to a way to improve my retirement portfolio of $580k

[ClementRusso]

Dividends from the stock market encouraged me to begin investing. What matters, in my opinion, is that if you invest and make additional money in addition to dividends, you will be able to live off of dividends without selling. It implies that you can provide that benefit for your children, giving them a head start in life. I've invested more than $600K in dividend stocks throughout the years; I'm currently buying more today and will continue to do so until the price falls even further.

[Patricia-Margaret]

Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.

[davidanderson]

Informative. For me, it's not about living off dividends. I simply want them to assist. My goal is to work part time versus full time.

[Rubenbarlow]

Having been concerned about finances throughout my entire adulthood, it's captivating to observe this video and realize that one can achieve alot if goals are set right. Experiencing the freedom of not being preoccupied with the financial concerns that consumed me for numerous years is truly liberating. I suppose this is the result of putting in diligent effort for the future.

[jessicamoore]

Dividends are a great thing, but they’re only really effective for passive income when you either have somewheres over 20 to 25 thousand shares of a high yielding stock. Meaning you likely need to have a few hundred thousand if not more invested in it. Re-investing dividends back into the same stock certainly does snowball with compound interest, but you only really start seeing it after 20 years of never stopping and likely needing to add additional money of your own with it….so it’ll be time consuming and costly. The way I see it if you have a million dollars at some point, that’d be enough to create a portfolio that would pay you between 50 to 70 thousand in dividend income

[alexyoung]

My dividend journey began when I realized that two particular expenses in my budget were always going to go up and never go down. The two expenses were taxes and insurance. I realized that the dramatic rise in both will need some added income. So, I started buying shares paying dividends. I can now see that this will be the path I need to take to make sure those two expenses will not overtake my future income.

[darnellcapriccioso]

In spite of how everyone is frightened and calling the crash, there is already an excessive amount of demand waiting to absorb it, which is another reason it's less likely to happen that way. This forecast was not made in 2008, at least not by the general public, as I will explain below. The ownership rate peaked in 2004, according to the other comment. We reached a peak in the second quarter of 2020 and are currently at the median level. From 2008 to 2012, it fell by 3%, and in the second quarter of 2020, it dropped from 68 to 65.

[lailaalfaddil]

The most important thing that should be on everyone's mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies.

[jgetscensored]

I’ve set my kid up. Every investment I make, I mimic for her. She’s going to have a huge jumpstart when she reaches adulthood and I hand over control of her portfolio. I’ll never be able to live off my dividends. But she will. And when I’m too old to care about my portfolio, I’ll merge it into hers. And that’s what it’s all about in the end right? Set the next generation up to be better than what you were.

[NicholasBall]

I started investing because I liked the extra money from stock dividends. The key, in my opinion, is to make enough money through both investing and dividends, so you can live off the dividends without selling anything. This way, you might pass on this financial advantage to your kids. I've put more than $600K into dividend stocks over the years, and I'm still buying more, planning to keep going until prices drop more.

[BradleywigginsMartins]

With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly—which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125, 000 bond/stock portfolio.