How To Live Off Dividends
For many, the aim of dividend investing is to get to a point where an individual can live off dividends. A worthy goal indeed and one that is absolutely do-able in the long term.
Obviously to do so requires a sizable portfolio which generates sizable dividend payments on a regular basis. For example, to generate $40,000 in dividends every year from a portfolio that yields on average 4%, you would need a $1,000,000 portfolio.
Is this attainable? I believe it is.
Here are a few tips to do so:
- Start Early - by using the power of compounding interest, also known as reinvesting dividends in the world of dividend investing, you can build very large portfolios over the course of years and decades.
Talk about needing even more to keep building your portfolio exile taking out dividends to compensate for inflation.