The 7 Stages Of Retiring On Dividend Stocks

Understand the entire process before you get started

Dividend investing is a long-term game. It’s the best way to get rich slowly and eventually generate enough cashflow to cover all of your expenses.

Just because a process works doesn’t mean it will work for everyone. That’s because we operate on emotions rather than logic, and we can get swayed away from dividend investing to pursue growth stocks instead.

Both investments present great opportunities, and you can blend the two together. I’ve broken down the dividend retirement process into 7 stages that are a combination of my own experience on this journey and others who make enough from their dividends to successfully retire.

Stage #1: Excitement

When people hear about retiring early through dividend investing, they’re eager to get started. Even if they don’t want to retire, generating the extra cashflow can result in extra vacations and experiences.

People envision themselves generating the cashflow and think about how their lives would be different. You’ll figure out how much in dividend payments you’ll need to retire. The big promise dividend investing provides is enough to spark the initial investments.