How To Retire By 40 (With Dividend Investing): This is my plan how to retire by 40 with with Dividend Investing!
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Financial independence is on everyone’s mind. Who wouldn’t want to retire early ? How early? Some people can retire by their mid 20s, some at 30s, and my plan is to invest my money until I’m 40. I’m using the Robinhood app as my brokerage of choice, but this can be done with any brokerage. My investing plan is to use dividend to generate enough passive income to pay for my bills.
In this video, I want to show you my progress with dividend investing in the last 5 years. Specifically, I want to show you my dividend income for January of 2020 and compare that to my income in January of 2019.
In order to achieve F.I.R.E. or Financial Independence Retired Early, we have to stay consistent. I’ve scheduled an automatic deposit with the Robinhood app to transfer $2000 to my account on the first of every month. This way, I can stay consistent. I encourage everyone who wants to learn how to invest to be consistent, even if you don’t have much money to start with.
In order to be successful in the stock market, you just have to mentally prepare yourself. There are many ways to put your money to work for you, but the best way to invest that I’ve found that works with my mental health, is dividend investing. You won’t see the same returns and gains as real estate investing because your money isn’t leveraged, but you will see a steady stream of passive income that will continue to grow and hopefully get you to retire early, before you turn 40.
Author by: Andrei Jikh