RoadMap to Live Off Dividends. Episode 17
Goal 2 | 🎯 $25.00 - Monthly gym membership | Complete 82.90%
MaxDividends Mission: Help & Support Everyone on the way Retire Early and Live off Dividends
RoadMap to Live Off Dividends
Every week, in real-time, we break down the progress anyone can make on the road to financial freedom. From the very start all the way to the big dream, step by step. These small wins along the journey are the foundation to hitting your goal of retiring early and living off dividends.
This is a free version of RoadMap to Live Off Dividends section. To get full version unlock Premium Membership.
💎 Premium version is available here
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Here is one more inspired story of others about living off dividends. The best time to hop on the MaxDividends board is today. You can’t get your time back.
“My workplace is going through hard times. Think layoff announcements, budget cuts, and selling off assets that were once key to the business.
I've shifted my brokerage portfolio away from growth and towards dividend investing the last few months because I'm hedging against my company going under. I feel more comfortable working, saving, and living knowing I have a modest income stream that could keep me afloat if I ever get caught in a layoff.”
RoadMap to Live Off Dividends
I’m here to show you exactly where to start with MaxDividends. We’ll walk together through the process, step by step.
This is the segment where we’ll break it down for you, showing how to turn the dream of living off dividends into a reality. You’ll see it’s totally doable for anyone who follows these simple steps.
In RoadMap to Live Off Dividends section, we’ve taken the dream and turned it into a plan you can actually follow. Every planning for financial independence starts with:
Choosing Your Path
Defining and Sticking to a Plan
MaxDividends Premium offers a wide range of pre-ready easy-to-follow decisions and comprehensive advanced tools for every dividend investor no matter you are
From the scratch: Ready to invest weekly/monthly
From the scratch: Already accumulated a big portion of savings
Advanced Investor: Already invest your own way
Let’s make our today’s journey with MaxDividends Assistant, as example.
MaxDividends App Strategy in Practice for Everyone
Alright, let’s get going! Here’s a small list of common daily expenses. We’ve based it on our preferences, but yours might be slightly different.
Monthly Expenses - Goals
✅ $18.00 - Monthly electricity bill - complete in a 7 weeks!
🎯 $25.00 - Monthly gym membership - complete 82.90%
$30.00 - Daily coffee (to-go or at a café)
$32.00 - Monthly mobile bill
RoadMap Portfolio Balance for Today
Dividends & expenses annually as of today
+ $464.71 | Dividends Today
- $216.00 | ✅ Electricity Bill annually (fully paid with dividends for now)
- $300.00 | 🎯 Gym Membership (82.90% paid with dividends for now)
By investing in strong stocks that increase their dividend rates frequently, we enjoy a dividend-compounding effect.
We not only receive greater income from dividends as the years go by, we also get a rising stock price because the instrument producing the income (the stock) is worth more as the income it produces increases.
What We Invested: Week 17
Easy-Peasy with MaxDividends App $500 weekly
Today's investment: ~$495.40
Total: ~$8,816.04
Portfolio dividend yield on cost: ~5.34% | Dividends now: ~$464.71
👉 RoadMap to Live Off Dividends Portfolio
$ 495.40 / 500
ADM Archier Daniels Midland | Shares: 2 Price: 52.51 Total: 105.02 USD
GEF Greif Inc | Shares: 2 Price: 62.63 Total: 125.26 USD
NXST Nexstar Media Group Inc | Shares: 1 Price: 172.87 Total: 172.87 USD
IPG The Interpublic Group Inc | Shares: 3 Price: 30.75 Total: 92.25 USD
We’ve listed our expenses from smallest to largest to make it easier to start. In RoadMap to Live Off Dividends section on MaxDividends, we’ve taken the dream and turned it into a plan you can actually follow.
In the next emails, we will continue to keep sharing how the MaxDividends App and the AI Assistant MaxDividends Assistant makes it easy to start building your passive income from the scratch, so you can retire early and live off dividends.
How to Get Started?
From wherever you’re at right now, you only need two things:
1) Join the MaxDividends Community – Get support, ask questions, and connect with people who’ve already retired early and are living off dividends.
2) Access the MaxDividends App – This is the tool the MaxDividends community uses to build their passive income and financial stability. No worrying about market noise or price swings.
How It Works
You’ll get access once you’re subscribed to MaxDividends. Download the app or register online via special link you get right after upgrade to paid. So, you’re off to the races. It’s that easy.
To start building passive income, I’ll use the MaxDividends AI Assistant to guide me. I’m following the MaxDividends strategy with its help.
These are my first steps, and I want to make sure I’m doing it right. Later, if I feel like it, I can research stocks myself, add them to my portfolio, and have the assistant handle some tasks—or not use it at all.
For now, I just enter my investment details and hit Next. MaxDividends Assistant generates a set of companies for me to buy, and that’s where my journey starts.
Now all that’s left is to buy those stocks through my broker. This is how Max Dividends operates: No worries about price fluctuations, no concerns about stock market noise.
👉 You can learn more about MaxDividends Assistant here
This is just one of possible ways to build your passive income. MaxDividends Premium offers a wide range of pre-ready decisions and comprehensive tools for every dividend investor no matter you are
- From the scratch: Ready to invest weekly/monthly
MaxDividends App + MaxDividends Assistant to followe MaxDividends Strategy from the scratch
- From the scratch: Already accumulated a big portion of savings
MaxDividends BUY&HOLD lists of stable and undervalued dividend companies with new ideas, step by step roadmap and support of community and MaxTeam
- Advanced Investor: Already invest your own way
Top Dividend Stocks, Researches, Screener & MaxTools, Portfolio Tracker and community of like-minded to share ideas.
MaxDividends Idea
👉 My High Yield Dividend Growth Story
Retire Early and Live Off Dividends. $12,000 monthly for 120 months. No one wants to work forever. Make sense? Don’t hesitate to message me with any question.
MaxDividends Key Concept
Predictability in important things is the foundation of peace of mind. Peace of mind is the basis of financial well-being. MaxDividends is all about peace of mind.
At MaxDividends, we focus on a dividend growth strategy. It’s a great fit for investors who want capital appreciation, a decent level of safety, and growing income.
As the name suggests, dividend growth investing is all about finding stocks that pay dividends and can keep growing them over time.
👉 Max’s Portfolios with all updates and ideas
MaxDividends Stocks are Unique
They not only provide income but have a strong track record of increasing that income over the years.
Plus, investing in companies that consistently raise dividends has historically been a solid strategy. And the most important thing here is that not only I and my investments participate in the accumulation, but also the companies themselves.
👉 Full list of MaxDividends Stocks
Every week on Fridays, I make purchases according to the plan and post the strategy results on the MaxDividends blog. I enter my purchases in the MaxDividends App and it automatically calculates my dividend income forecast.
👉 All my recent purchases you can find here
Do you know what is the power of the MaxDividends strategy? It is that even if I stop investing right now, my dividend income will continue to grow. And even a conservative forecast says that in the next 10 years the growth will be 4 times.
Dividends provide a constant source of passive income, which makes dividend stocks an attractive option for conservative investors and those who are not ready to spend time on constant market monitoring.
At this stage in my life, predictable growing passive income is more important than the long-term price appreciation of stocks, because I plan to live off the dividends. And this is where MaxDividends shows its value.
Stay tuned!
MaxDividends Mission
Help & support everyone on the way to build growing passive income, retire early and live off dividends.
Build your own dividend machine with MaxDividends to launch growing passive income, retire early and live off dividends with community like-minded
MaxDividends Community
MaxDividends is subscriber’s supported newsletter with community and community member’s tools to start building long-term growing passive income to live off dividends and retire early.
MaxDividends Premium: What You’ll Get
+ Bonus - access to full list of MaxDividends stocks updated weekly. Boost your passive income for living off dividends.
Ready-to-go step by step weekly guide to achieving financial freedom.
Grab ready-made MaxDividends stock sets starting at $300, $500, or $1000 each week.
Posts & Podcasts with deep dives into the top dividend stocks we hold. Key points, current statement, perspectives and consensus.
My personal MaxDividends portfolios and short list with all the changes and updates weekly.
Comprehensive tools to help you on the way retire early and live off dividends.
Community Like-Minded Access
Stay in touch with me and other MaxDividends followers. MaxDividends community chat of like-minded who wants to live off dividends and retire early. Discuss ideas, share insights, build plans and set goals. Support, motivation, like-minded - all in!
What ELSE You’ll Get
Top Dividend Ideas with Premium
Undervalued Dividend Lists with Premium
Dividend Insights with Premium
And even MORE with Premium
The Best Dividend Tools in the World from MaxDividends Team
Dividend Portfolio Tracker: Take Under Control All Aspects of Your Passive Income
Dividend Checker: Check Financial and Dividend Score 19,000+ companies worldwide
FAQ
👉 What is MaxDividends project idea?
👉 What is MaxDividends strategy?
👉 How do you choose MaxDividends stocks?
👉 How well does the MaxDividends strategy work for building a growing passive income?
👉 One more secret sauce of MaxDividends strategy
👉 MaxDividends Roadmap to Early Retirement with Living Off Dividends
Someone's sitting in the shade today because someone planted a tree a long time ago. ― Warren Buffett.