How to Live Off Dividends BEFORE Retirement

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Dividend investing is one of the most popular strategies of investing out there. The thought of being able to live off of dividends for some of even all of your income is a pretty enticing thought since dividends are pretty much the ultimate form of passive income. But the majority of the time when people think about dividend investing, they usually have retirement in mind. A lot of people like to start saving and investing when they’re really young, and the idea is by the time they retire in 30 or 40 years, you should have a really sizable dividend portfolio that will carry most if not all of your expenses for the remained of your life.

In todays video we’re gonna look at how it’s actually possible to live off of dividends before you retire. You won’t need a million dollar portfolio or even a half million in order to depend on dividends for a large part of your income, or even completely.

Please leave a thumbs up if this video benefitted you in any sort of way, and also subscribe for more aggressive dividend investing strategy videos!

[christopherpackart]

I think the long term goal would be to have about $5k a month come in as passive income. Then I could concentrate solely on art without having to worry about constantly having to make sales and not having to work a day job in the process. In June I got about $52 in dividends so it's a start.

[dredzoe]

I remember me and my store manager was talking about stocks and he told me in 2020 that his parents are living off dividends and I immediately did my research and started investing and still going 💪🏾 I wanna retire early and be financially free

[hopelessdecoy]

1. Start investing now and learn about compounding
2. Determine the amount of dividends you need to live happily
3. Build a portfolio that keeps you motivated/interested in dividends
4. Set and celebrate milestones determined by what they can buy right now
5. Speed up the process where possible: side hustle, reinvest, earn more

[bronsonjames]

At the very least, I now grasp the concept of leverage.
Creating <wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information.
Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.

[paulsantori]

To answer your question, my dividend portfolio is to help me slow down in 2 years, work part time instead of full time. Hoping to reach $1000 per month this month and celebrate in July!!

[miah]

I make $22-23 a month and I love seeing it go up every time I invest

[davegriggs]

I am a semi-retired pharmacist, taking care of two teen-aged boys and my senile parents. My budget is tight, but still invest every month. One thing I don't see a lot of in investing videos, is health. If you don't take care of yourself, all your hard earned dividend income and investing is going to pay for health am 51, and coming up on my one year anniversary of a heart attack....I live in a rural area, wanna' see something expensive, a 90 minute ambulance ride to the nearest hospital that is capable of putting in a full days in the hospital, and follow up medical visits with your primary doc and a cardiologist....not to mention a big handful of pills twice a day for the rest of your is expensive.

So, here is where you can trim the fat: off your waistline, have two pieces of fruit for lunch, lay off nicotine, and alcohol, take a walk for a free hobby, give up fast food, and, get more active in any way possible. All the money you save from giving up that stuff, should give a sizable chunk of change for dividend investment.

[monkeypuzzlefarm]

The beginning days are so hard, but feels better every month as it grows

[yourfellowman]

REITs and CEFs are the reasons why I love income investing and prefer it over dividend growth

[AlpineDividends]

Great steps! I try to keep my average portfolio yield around 4%. I find this gives a nice amount of dividend growth, plus a decent amount of cash flow per dollar invested. I currently bring in around $170/month in dividends 📈

[stevenlong]

I so glad i found the dividend bull, his channel has changed my whole way of investing.

[prepperminded]

Great video!
Very motivational!
Its a wonderful feeling living 100% off of dividends!!!!
Im only 50, and just retired from my government job.
In my case, I shot to the top in a matter of a year and a half by sinking a boat load of cash in one stock (No, it was NOT crypto) and cashed it out at a little over $2M.
Once I reched and surpassed two million,
I liquidated the stock and diversified it in 16 dividend paying stocks...a little over 100k/ yr. in dividend income.
The advice in this video is 100% on point and is what I would also recommend you do as opposed to the very seriously risky method I used to achieve my success at a young age.
Keep being motovated and dont give up.💯

[azuredragonhart]

The way I view dividend investing is not what the dividend would pay for, but how many hours less a month I would have to work; in other words, I'm buying hours of my life back. every 35$~ish dollars in dividends I earn is 1 less hour I have to work. IMO, viewing it from this lens is the most powerful way to stay motivated, as you can easily see how many more hours you have to "buy" til ya hit FIRE.

[logankue]

I'm investing in divideneds for both the purpose of retiring early and as a safety net.

[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.

[cedsdividends]

I currently average $269 a month. I love dividends

[paulkapusta]

I am using dividend investing to fund my future vacations.

[nickNcar]

I like that he mentions not living in cities. I moved to the country nearly a year ago and cost of living is cut in half. I didn't even live in the city I just lived near one. Now I'm 30 minutes away from nearest town and not only is it way cheaper but the fresh air and nature is so amazing when you have loved your entire life surrounded by people, cars, noise, and just everyone else's life.

[vintagegizmoscollection]

I'm only at $57 per month right now. It's fun though.

[highdividendking]

Last month in November of 2022 I made just over 80 dollars in dividends. Good start I think :)