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Today we answer the age old question: How much do I need to live off of my investments? Resources will be linked below.
🖌 Links:
▶️ Stock Portfolio + Tracker ➭ https://whop.com/c/critical-wealth/ytd
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🖌 Free Stocks:
► WeBull (Get 7-12 Free Stocks worth up to $30,600 when you deposit at least $0.01) ➭ https://a.webull.com/i/HumphreyYang
► Public ($10 Free Stock) Investing App ➭ https://pblc.co/humphrey
► Robinhood (Free Stock Valued Up To $250) ➭ https://robinhood.c3me6x.net/qPyKY
Larry's channel:
https://www.youtube.com/c/LarryCheungCFA
Links Used:
https://www.financialsamurai.com/better-to-invest-in-growth-stocks-over-dividend-stocks-for-younger-investors/
https://www.nerdwallet.com/article/finance/average-net-worth-by-age
https://www.investopedia.com/taxes/capital-gains-tax-101/
https://www.investopedia.com/terms/q/qualifieddividend.asp
https://www.dividend.com/stocks/technology/hardware/communications-equipment/aapl-apple-inc/
So the general rule that I want you guys to take away from this video is that if you’re trying to figure out how much you need invested, you need to take the **Dividend Income / Dividend %.**
So if you need $75,000 a year, and you’re getting a 5% dividend yield, that’s going to be $75000/.05 = $1.5 million a year. That’s the formula that you hopefully take away from this video.
Timestamps:
0:00 - Start Here
1:03 - Part 1: The Math
5:37 - Part 2: The Harsh Truth
7:17 - Part 3: A Better Strategy (Especially If You're Young)
10:35 - Part 4: Tax Considerations
12:45 - The Formula to Remember
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PS: I am not a Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel