Asked by Anonymous
I would think yes. Assuming you need $4000 a month to live on, and you can get dividends at 5% consistently. You'll need a capital of $960,000. Quite a huge sum, but 5% is a conservative assumption!
Yes this is possible. just simply work backwards:
Done. You can actually do this and i have friends also doing things like that in their 40s. By right they have no real need to work
Only thing is to manage your cashflow well as dividends can be quarterly or yearly.
Certainly. But you still have to manage them from time to time as nothing remains the same forever.
See this by Seedly , all the calculations and summary there: