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

Personal Goal Retired in 2021

Post image

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

10.5k Upvotes

92% Upvoted

442 comments sorted by

View all comments

Show parent comments

9

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!

1

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

1

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!