How to Build a $250,000 Nest Egg in 5 Years (With 10% Dividends)
October 26, 2020 at 05:00 AM EDT
Four years ago, I published an article detailing how a young upper-middle-class professional could quit working and still survive on dividends alone in just five years. It was a claim that many folks thought was impossible to achieve (and they told me so in the comments!). But history has proven that, in fact, it was true. Today I want to show you how following the advice I gave back then would have produced financial independence (or an income stream that could cover basic needs) in just five years—and how you can replicate that same success today. How It Works Back then, I made three arguments: A young professional earning $70,000 a year and, being very disciplined, managed to save about two-thirds of that income, could use the stock market to build a substantial nest egg in half a decade. … Read more