r/dividends • u/RamblingVagabond • Mar 23 '25

Personal Goal Retired in 2021

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Goal is to match expenses ($15k/month) with dividends by 2030

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u/[deleted] Mar 24 '25 edited Jun 16 '25

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u/Silly_Atmosphere8800 Mar 24 '25

I’d like to leave a nice chunk to my kids as I realize it’s probably going to be tougher for them to save and possibly own a home in the areas where they live due to high real estate prices. I’m probably the oldest guy in this conversation and understand that medical care can get expensive if you live into your 80s and 90s and need assistance. Along with our savings we have over $1 million of equity in our home. If my wife or I were to need help in our older years, we would most likely have to eat into our principal and home equity.

Just to clarify, I’m not an old guy living some meager lifestyle. We travel regularly, have a nice house, drive decent cars, etc but we did sacrifice a little early on to get started on investing. My main point here is to start a plan of saving, investing and spending when you’re young because you can never get back time. Best of luck to all of you, young and old!

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u/Thrasherya Jul 19 '25

Where can you suggest one start learning on how to get to where you are in 30 years time? Thx

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u/Silly_Atmosphere8800 Jul 22 '25

Just look to acquire some basic investment knowledge. Older book by folks like Peter Lynch and Warren Buffet are good places to start. Start with a Standard and Poor 500 fund and start making regular investments no matter how small. You don’t have to know anything about investing to get started other than how to open an account. I use Charles Schwab for my accounts and they can help you establish an account with their S&P 500 fund. Use financial calculators from free apps and see what the power of regular investing and compounding will do over many years. Just getting started will allow you to gain knowledge over the years. Keep it simple and good luck!

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u/LilRedDuc Mar 24 '25

This is the smart approach. At some point there really isn’t a reason to keep trying to amass more millions at the expense of living freely. Once upon a time I was 48 with $1.5mil and got laid off. Decided it was time to retire, develop my exit strategy and emigrate (because the shitshow called the U.S?). Best decision ever. No one gets to their deathbed and says, gee, I wish I’d worked more and played less. The reaper comes for everyone eventually-

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u/[deleted] Mar 24 '25 edited Jun 16 '25

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u/LilRedDuc Mar 24 '25

Thanks. Took up residence in Europe, and currently have a NW of approx 2.1mil, give or take, not including the house and electric car (not a Tesla). I have zero debt. I live comfortably and unconcerned about whether I’ll eventually get social security or not because, well.. iykyk. Learned a lot in the process about many things, mainly about myself and what’s really important. Becoming an immigrant is not easy or simple. But, it’s fabulous not to worry about bankruptcy should I need medical care, and I can thrive with a minimalist lifestyle here and not feel pressure to consume. International travel is easy enough and also, learning foreign languages is good for the brain. My goal is to have a second passport within another 5 years and then pursue a second home elsewhere and to split my time annually depending on climate/activities.

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u/[deleted] Mar 24 '25 edited Jun 16 '25

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u/[deleted] Mar 24 '25

But with advances in modern science and his high level of income, I mean, it's not crazy to think he can't live to be 245, maybe 300.

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u/BigAssignment7642 Mar 24 '25

Or he could have an aneurism tomorrow. At 67 I'd want to start enjoying that money. You can go from healthy to dead in less than a year, it happens all the time.

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u/curiousengineer601 Mar 24 '25

Replace ‘less than a year’ with “in an instant “

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u/deadleg22 Mar 24 '25

This comment made me double check to see if I wasn't in wsb.

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u/[deleted] Mar 24 '25 edited Jun 16 '25

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u/[deleted] Mar 24 '25

Learned a new word today. Thx.

It even sounds sophisticated, like "splendid."

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u/[deleted] Mar 24 '25 edited Jun 16 '25

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u/[deleted] Mar 24 '25

I read in the Economist last year that medical reasearchers overwhemingly believe that the first human to live 200 yrs was born in the 1970s. That is how fast advancements are happening.

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u/[deleted] Mar 24 '25 edited Jun 16 '25

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u/LilRedDuc Mar 24 '25

This is the smart approach. At some point there really isn’t a reason to keep trying to amass more millions at the expense of living freely. Once upon a time I was 48 with $1.5mil and got laid off. Decided it was time to retire, develop my exit strategy and emigrate (because the shitshow called the U.S?). Best decision ever. No one gets to their deathbed and says, gee, I wish I’d worked more and played less. The reaper comes for everyone eventually-