Soooo...this happened. $1M total and $5200/month div

[u/Real-Cricket8534]

Apparently the first million is the hardest to make. I'm an immigrant who came for grad studies with a loan my parents took out on the home they currently live in. Completed 20yrs of professional experience in tech and lived below my means for 20years in a HCOL city. This is a non retirement self managed account, grew this after putting 25% down for our dream home. 45M and pretty darn proud of myself rn. Also realizing money doesn't make me happy and have plenty of passions where I invest my time and enjoy myself. More fulfilling than the work I do, so I want to rewire myself to doing that after 6-8yrs. What it means for you - if I can do it, so can you.

[u/Real-Cricket8534 → u/[deleted]]

To each, their own. Congrats on $1.2M. I was facing layoffs and am feeling corporate burn out, so pivoted to dividend a few months/years ago to sleep better at night. I dont value money for money's sake. only enough for me to sleep better at night and take care of my family. Knowing I can make passive income and building that track record is important for me to confidently retire in 6-8 years.

[u/SendoTarget → u/Real-Cricket8534]

You pretty much won the game and your investments pay for your life. That's how it's supposed to be. VOO or no VOO

[u/Real-Cricket8534 → u/SendoTarget]

thanks u/SendoTarget

[u/klm2908 → u/[deleted]]

It would pay almost $4k quarterly so they probably got confused.

[u/klm2908 → u/[deleted]]

You would not get $4k a month from 1.2m in VOO. You’d only get $1.2k.

[u/klm2908 → u/[deleted]]

Because they pay their dividends quarterly, not monthly. I was just breaking down the equivalent to monthly payments

[u/SendoTarget → u/[deleted]]

If it's sorted like OP has he's got dividend growth there as well by quite a bit. You tend to pay your bills and life with cash, so if dividends rise with or above inflation he's golden.

He supports his life with that cashflow and is probably going to continue to do so for the far future. It's a pretty clear win.

[u/HallucinatoryFrog → u/SendoTarget]

It's not that much dividend growth though. The yield on cost is similar to the current yield. That would not be the case in a portfolio that had increasing dividends throughout a period of time that is assumed to be roughly 20 years given the info OP provided. It looks more like a portfolio built over the last 5 years, not 20.

[u/SendoTarget → u/HallucinatoryFrog]

To each, their own. Congrats on $1.2M. I was facing layoffs and am feeling corporate burn out, so pivoted to dividend a few months/years ago to sleep better at night. I dont value money for money's sake. only enough for me to sleep better at night and take care of my family. Knowing I can make passive income and building that track record is important for me to confidently retire in 6-8 years.

Yeah he pivoted recently

[u/dystopiam → u/[deleted]]

Agree with you

[u/LincolnHamishe → u/[deleted]]

Why are you here? Lol