RoadMap to Live Off Dividends. Episode 16
Goal 2 | 🎯 $25.00 - Monthly gym membership | Complete 77,86%
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.
“Retired off of a 5 figure income at 48 now 55. Spouse has govt retiree healthcare for us. Dividends are my steady source of income. I also swing trade but the amount is variable. In the summer I garden. I am trying to clean up/organize around the house this winter. I also travel. I love trading. I love the flexibility.”
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 77,86%
$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
+ $447.09 | Dividends Today
- $216.00 | ✅ Electricity Bill annually (fully paid with dividends for now)
- $300.00 | 🎯 Gym Membership (77,86% paid with dividends for now)
Our passive income today is $447.09 annually. This means that now electricity is free for us forever! Companies We’ve invested in pay for it from now on, today, and for the rest of our life.
What We Invested: Week 16
Easy-Peasy with MaxDividends App $500 weekly
Today's investment: ~$570.43
Portfolio dividend yield on cost: ~5.45% | Dividends now: ~$447.09
$ 570.43 / 500
TROW T. Rowe Price Group Inc | Shares: 1 Price: 112.38 Total: 112,38 USD
GEF Greif Inc | Shares: 1 Price: 62.66 Total: 62,66 USD
VRTS Virtus Investment Partners Inc | Shares: 1 Price: 223.94 Total: 223,94 USD
RGP Resources Connection Inc | Shares: 10 Price: 8.28 Total: 82,80 USD
CIX CompX International Inc | Shares: 3 Price: 29.55 Total: 88,65 USD👉 RoadMap to Live Off Dividends Portfolio
We’ve listed our expenses from smallest to largest to make it easier to start. Our first goal is to cover monthly electricity bill. We want it to be free forever.
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.
👉 RoadMap to Live Off Dividends Portfolio
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.
I’m already part of the MaxDividends community, so let me show you how your personal RoadMap to Living Off Dividends looks. For that, I’ll need the MaxDividends App. You’ll get access once you’re subscribed to MaxDividends.
Sign up, download the app, and 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 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. MaxDividends is all about that plus maximizing yields to get the most from dividends and boost growing passive income on your side.
MaxDividends Stocks pay sustainable dividends by decades without interruption, rasing them consistently over years.
To make it easier we’ve collected all the companies fit to MaxDividends criterias in List we called “MaxDividends Top Stocks”.
Up-to-date version is available with Premium Membership.
👉 MaxDividends Top Stocks List
👉 My Personal Short List of MaxDividends Top Stocks
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.
Here's what it looks like in my portfolio, which I show every Friday.
My Personal Portfolio Quick Update 05/11/2024. Month 6
There are currently 37 companies in my portfolio that pay $4,311 in dividends per year. I don't currently use dividends to live off dividends.
👉 My recent purchases 01/11/2024 here
I accumulate capital and reinvest dividends by buying new shares. Today, my MaxDividends Portfolio brings me $4,311, and I received my first significant dividends in September. I started it from the scratch 6 months ago.
I invested the accumulated amount in buying new reliable dividend companies. And now these companies also pay me dividends. This snowball grows every month.
And the most important thing here is that not only I and my investments participate in the accumulation, but also the companies themselves. How does this happen?
During the time that I openly show my stock portfolio, 11 companies out of 36 in my stock portfolio have increased the dividends they pay.
Now I receive more dividends than at the time of purchase. 3 more companies paid solid special, unscheduled dividends.
I invested them in buying new shares and now I get even more income in dividends. MaxDividends App helps me track my action plan and forecast.
👉 All My Portfolios with all updates and ideas
I enter my purchases in the MaxDividends App and it automatically calculates my dividend income forecast.
This is how Max Dividends operates: No worries about price fluctuations, no concerns about stock market noise.
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.
This is compounding power of MaxDividends stocks.
MaxDividends Strategy in Practice
My Own Dividend Story from the Scratch
To see how the MaxDividends strategy works in practice, I started an experiment: $12,000 a month in 120 months.
I calculated that by investing $12,000 a month with a starting capital of $ 0.00 😳 and reinvesting dividends, I will reach my goal in ~120 months wih MaxDividends Stocks. Until the end of the experiment, I will reinvest all received dividends back.
🚴 1 Year: ~10% of the Goal
🚴 5 Years: ~45% of the Goal
🏆 10 Years: 100% of the Goal. Mission complete!
Every week on Fridays, I make purchases according to the plan and post the strategy results on the MaxDividends blog.
Portfolio UPD 05/11/2024. Month 6
Right now I already get ~$359 monthly but the main award is that it grows almost every day and based on my portfolio metrics forecast - it is $1,383 monthly over 10 years! Amazing! ~11.52% of my big goal $12,000 monthly already done and it took me just 6 months.
With Premium Membership you can track my portfolio and all the purchases I made.
👉 Max’s Portfolios with all updates and ideas
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.
Stories of Success
🏆 Mary: “Help me get started with you”
🏆 Jurgen: “I am done with guessing where the market’s heading”
🏆 Ann: “What will my life look like in 15 years?”
Choosing a strong environment is the key to achieving outstanding results. If you surround yourself with people who dream bigger than you, you increase your chances of reaching greater heights. Surround yourself only with those who will support you on your path to success.
Upgrade to Premium to get access and boost your dividend journey with community of like-minded.
MaxDividends Premium: What You’ll Get
+ Bonus - access to full list of MaxDividends stocks updated weekly. Boost your passive income for living off dividends.
Unlock Top-notch dividend growth investment ideas and insights, handpicked to help you crush your financial goals, retire early and live off dividends.
NEW! List of the Most Dangerous Dividend Stocks You Should Avoid to Invest In Right Now
Stay away from dividend-trap companies with the most accurate list of dangerous stocks updated weekly
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!
My personal life & business column where I share life moments, insights on stock investing, long-term investment philosophy, and intriguing thoughts to benefit you.
What ELSE You’ll Get
Top Dividend Ideas with Premium
Undervalued Dividend Lists with Premium
Dividend Insights 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 19000+ 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.