LIVING OFF DIVIDENDS AT AGE 40 (Dividend Stock Investing Dream)

Want to live off dividend stocks and retire from your job by age 40? In today's video, guest Greg shares his personal story about how he accomplished the dividend FIRE (Financial Independence Retire Early) dream. Learn how the dividend stock dream is possible for the everyday person.
#dividend #stock #investing

Timestamps:
0:00 Introduction
1:56 INTERVIEW WITH GREG (WHO HAS ACHIEVED FINANCIAL FREEDOM FROM DIVIDENDS)
2:06 Greg, please tell the audience about yourself.
3:20 Greg will be living off dividends very soon here. Greg, where are you at with your dividend stock investing journey?
3:58 Key Tip: It's important to have a buffer when approaching FIRE (financial independence retire early).
4:32 What does it feel like with FIRE so close to reality?
7:09 Greg, what is your job like? (Greg has achieved dividend-based FIRE via a normal job.)
8:18 Dividend stock investing is for everyone. It's not just for the ultra-rich.
10:00 The stock market is a bill-paying mechanism.
12:35 Greg, how have you constructed your portfolio?
13:31 Tip: The gift of stocks (and savings) can be great for kids (instead of material objects).
15:40 Tip: Consider buying stocks when the stock market tanks.
16:20 Greg started buying dividend stocks around 2010-2011.
17:40 Insight: Greg likes to "go all in" for the maximum benefit of dividends.
18:24 Total returns investors vs. passive income, yield-on-cost dividend investors.
19:17 Passive income and yield-on-cost is everything.
19:52 Greg aims for an overall portfolio yield of 5% or more.
22:05 Greg, did you have an "aha" moment when you went all in with the dividend strategy?
23:17 Key Takeaway: Make sure to track passive income in spreadsheets.
24:51 Try to follow many different viewpoints with your investing.
28:32 Key Insight: It's ok to miss out on opportunities. All investors make mistakes along the journey.
31:02 Luck can play a role in investing (and life overall).
31:04 Greg bought Microsoft (MSFT) when it was considered a value stock.
32:24 Review your portfolio each year, learn from your experiences.
33:53 Greg likes companies that focus and specialize.
34:30 Be Careful: Those companies with a lending unit can carry extra risk.
36:22 Greg is willing to sell.
37:32 Never fall I love with a company. He remains flexible to sell, if needed.
38:30 Key Takeaway: Greg's sweet spot is a 5% yield with 5% dividend growth.
39:30 Key Takeaway: Consider the opportunity cost of allocating your dollars.
43:37 Takeaway: Greg will sell overvalued dividend stocks.
44:50 Important Point: Find the strategy that works for YOU.
46:49 Individual accounts vs. retirement accounts
48:46 Pick up supplemental income during FIRE
50:33 Don't let anything stand in the way of your FIRE
55:30 Dividend stock investing is a system that provides monthly cash flow
57:34 IMPORTANT: GREG'S FAVORITE STOCKS
1:01:09 Closed End Funds
1:09:42 How will Greg's life change when he retires at 40?
1:22:29 DISCLOSURE AND DISCLAIMER

DISCLOSURE: I am long the following dividend stocks: JNJ, KMB, CL, AAPL, SBUX, CAT, CPB, CLX, PM, PEP, DUK, SO, MCD, O, and MO. I own these stocks in my personal stock portfolio. I am also long Bitcoin (BTC).

Greg is long the following dividend stocks: MSFT, JNJ, PEP, DUK, MCD, BST, UTG, UTF, RQI, O, WPC, MPW, IRM, ENB, and MO.

DISCLAIMER (applies to PPC Ian, IJL Productions LLC, and Greg): All information and data on my YouTube Channel, blog, email newsletters, white papers, Excel files, and other materials is solely for informational purposes. I make no representations as to the accuracy, completeness, suitability or validity of any information. I will not be liable for any errors, omissions, losses, injuries or damages arising from its display or use. All information is provided AS IS with no warranties, and confers no rights. I will not be responsible for the accuracy of material that is linked on this site.

Because the information herein is based on my personal opinion and experience, it should not be considered professional financial investment advice or tax advice. The ideas and strategies that I provide should never be used without first assessing your own personal/financial situation, or without consulting a financial and/or tax professional. My thoughts and opinions may also change from time to time as I acquire more knowledge. These are, as discussed above, solely my thoughts and opinions. I reserve the right to delete any comments for any reason (abusive in nature, contain profanity, etc.). Your continued reading/use of my YouTube Channel, blog, email newsletters, whitepapers, Excel files, and other materials constitutes your agreement with and acceptance of this disclaimer.

COPYRIGHT: All PPC Ian videos, Excel files, guides, and other content are (c) Copyright IJL Productions LLC. PPC Ian is a registered trademark (tm) of IJL Productions LLC.

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