5 Rules to Retire on Dividends

You CAN retire on dividends but you need to follow these five rules. Learn how to retire on dividends and then watch the dividend investing commandments https://youtu.be/aC96Co_l48M

I LOVE dividends but they aren’t the easy cash flow investments people sometimes assume. If you want the kind of dividend cash flow that will pay your bills in retirement, you need to plan ahead and be ready. That means knowing exactly how much you need from your dividend stocks, how much to invest and how to take your dividend money out in retirement.

In this video, Chris from The Dividend Experiment will walk you through his five steps to retire on dividends. The Dividend Experiment is a fun channel with cool animation-style videos that makes investing simple and accessible to everyone.

6 Steps to Building a Portfolio of Dividend Stocks to Pay Your Bills
1) Measure your cost of living and target – understand how much you’ll need in retirement
2) Budgeting now to save more – how much can you invest in dividend stocks and budgeting to save more now so you can build your portfolio faster
3) Choosing your dividend stocks – here’s the fun part, finding the best dividend stocks to buy that will help you retire
4) Building a portfolio – making sure you have a strong mix of dividend stocks that will grow over time and regularly investing to build cash flow
5) Spending! Retire on your dividend cash flow!

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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.