• 51 Posts
  • 274 Comments
Joined 1 year ago
cake
Cake day: July 14th, 2024

help-circle
  • Sure!

    My goals for dividends is to make enough to just barely get by in the event of a layoff. I put my desperation expense at around 8k-11k. I’d like that in passive income.

    I have an emergency fund outside of the taxable brokerage. It’s enough for a year.

    My bills are all at the beginning of the year (mainly February - July) then my bills are non-existent almost. So Auto deposit isn’t the best of ideas. But whenever I get over a threshold in my account then it goes to investments. I am very consistent with that when I am able.

    My goals are to have enough money that I can do a soft retirement or I think people also call it Barista fire. If I stay at my place of work long enough, then full retirement. I just value my financial safety in times of uncertainty.

    My guess of a plan would be ~3000 shares of SCHD on DRIP, and at least 2 other maininvestments leaving about 5-10% in risky investments such as QQQM. I want to focus on having enough dividends for the ability of having passive income.

    Time frame is ~8k in dividends in 5 years if I can. All in a brokerage account. Then once I feel I have my safety net then go after more growth oriented. Plus that is what the 401k is focused on.

    Going through 5 jobs in 5 years to me was stressful. I want a safety net of passive income first. I just don’t want to throw all my eggs in one basket with an ETF that I like a lot. I want diversity.