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Investing to become financially independent
Investing to become financially independent
As for me, around 50 at the latest! 😉
Me between 55 and 58 years old. But not to stay inactive. Just to get out of the system (as an employee) and do consulting, teaching, financial director of a foundation, etc... for fun and when I want... while keeping an eye on my stock portfolio and having fun seeing my dividends come in every month.
Good evening,
Quick question for Jérôme and Birdiemumn. Your expected retirement ages make me salivate, especially Jérôme. I don't know your current income but, if it's not too indiscreet, what assets do you hope to obtain at these ages, what distribution and especially what portfolio value invested in dividend-increasing stocks?
It's a bit indiscreet indeed
As for me, I am not looking to reach a level of wealth but a level of income… that is what makes all the difference with increasing dividends. You have all the details of the distribution of my stock portfolio in my portfolio and the details of the income received and referred to in my performance.
Likewise: it is not the total assets but the income that is important (even if the two are obviously linked).
I am still far from the age I indicated so I do not know if it will be feasible. It is clear that, when the time comes, it will be necessary to compare the portfolio income to the possible penalties that will be given to me because of stopping early. Then there is also the health and family factor. In short, too many unknown parameters to make plans on the comet.
Personally, it will be the day when I manage to obtain a viable salary (for my part) directly in dividends.
I suppose that's what you call an annuity?
Yes, that is precisely what has the sweet name of rent.